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Valuations play role in decision to abandon foreclosures
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Wednesday, March 16, 2016
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The Federal Deposit Insurance Corp. (FDIC) is clarifying supervisory expectations in existing guidance for institutions’ risk-management practices pertaining to the discontinuation of foreclosures. In particular, the FDIC discussed the role property valuation should play in the decision to abandon the foreclosure process Read on to learn what the guidance had to say.
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