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Economic Growth, Regulatory Relief and Consumer Protection Act. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. It established the Resolution Trust Corporation to close hundreds of insolvent thrifts and provided ...
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2] It also oversees real estate appraisal in the ...
The Appraisal Foundation is a non-profit organization established in 1987 by the largest valuation organizations in North America. The foundation was congressionally authorized to develop standards and qualifications for real estate appraisers under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
USPAP was originally written in 1986-87 by an ad hoc committee representing the various appraisal professional organizations in the U.S. and Canada. The copyright to USPAP was donated to TAF on April 27, 1987. While USPAP answers a specific regulatory need in the U.S., it has also been adopted by many appraisal professional organizations ...
Senator Mike Rounds (R-S.D.) asked Gruenberg if he knew about the allegations surfaced by the Journal before the article published Monday. "As a general matter, no, Senator," Gruenberg replied.
The Resolution Trust Corporation was established in 1989 by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), and it was overhauled in 1991. [3] In addition to privatizing, and maximizing the recovery from the disposition of, the assets of failed S&Ls, FIRREA also included three specific goals designed to channel the resources of the RTC toward particular societal groups.
In predominantly Latino neighborhoods, fully 15.4% of homes for sale were appraised at below the sale price, per Freddie Mac. The Black homeownership rate in the first quarter of 2024 was 45.7% ...
The National Commission on Financial Institution Reform, Recovery, and Enforcement (NCFIRRE) was established as an independent advisory commission by the Crime Control Act of 1990 and to examine and identify the causes of the savings and loan crisis that led to the passage of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).