Letter to the CFPB, OCC, FDIC, and Federal Reserve System on Improving the Reconsideration of Value (ROV) Process for Homebuyers

Issue Date: August 19, 2023

Letter to the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the National Credit Union Administration, the Federal Deposit Insurance Corporation, and the Chairman of the Board of Governors of Federal Reserve System on improving the reconsideration of value (ROV) process for homebuyers seeking to finance their home purchase.