Joint Trades Letter to FHFA on a Uniform ROV Process
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On behalf of a collaboration of industry trade associations, consumer advocates, civil rights organizations and the companies, customers, and communities MBA represents, MBA write to encourage the Federal Housing Finance Agency to collaborate with relevant members of the Property Appraisal Valuation Equity (PAVE) Task Force and the GSEs (government-sponsored enterprises/Fannie Mae and Freddie Mac) to develop a uniform reconsideration of value (ROV) process for residential appraisals.
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