MBA Joint Letter to FHFA on Replacement Cost Value
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The American Bankers Association, Housing Policy Council, and Mortgage Bankers Association (the Associations) respectfully request that the Federal Housing Finance Agency (FHFA) direct Fannie Mae and Freddie Mac (the Enterprises or the GSEs) to rescind the bulletins issued in February 2024 regarding property insurance verifications (2024 Bulletins), as well as recall the associated survey currently being conducted for lenders and servicers.
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