FHFA Seeks Industry Feedback on Collecting Information on AMCs
May 25, 2018
The Federal Housing Finance Agency is seeking feedback regarding the level of paperwork burden placed on it when it comes to making sure that appraisal management companies meet the minimum reporting and record keeping requirements. A 2015 regulation made it mandatory that states with appraisal management companies, intermediaries between appraisers and lenders, establish a minimum registration and supervision program. And within that requirement, states are to review and approve or deny any application for registration.The FHFA noted that this burden is divided equally among the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, the Board and the FHFA.