Office of the Comptroller of the Currency (OCC)

Addresses reconsiderations of value (ROV) for residential real estate transactions. 

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

The percentage of seriously delinquent mortgages continued to drop.

The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.

Bank, parent company remain under criminal investigation by Justice Department and SEC.

Financial penalty part of a consent order related to alleged kickbacks.