On April 30, six federal regulatory agencies jointly issued a final rule establishing minimum requirements for state registration and supervision of appraisal management companies that provide appraisal management services to lenders, underwriters and other principals in the secondary mortgage markets, as required by Section 1473 of the Dodd-Frank Act. Press Release. Final Rule.
secondary mortgage market
NY Fed Paper on Legal Issues in the Secondary Mortgage Market
On May 12, the NY Fed released a paper entitled “A Foreclosure Crisis” on legal issues in the secondary mortgage market. NY Fed Paper. NY Fed Release.