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Introduced on February 12, 2025 by Andrew S. Clyde
This resolution aims to block a Federal Housing Finance Agency (FHFA) rule about “Quality Control Standards for Automated Valuation Models.” Automated Valuation Models are computer tools that estimate home values. If this resolution becomes law, the FHFA’s rule setting these standards would be overturned, meaning those new standards would not go into effect. This could change how lenders, appraisers, and tech tools check the accuracy and fairness of computer-made home value estimates .
| Key point | What it means |
|---|---|
| Who is affected | Mortgage lenders, appraisers, tech providers using AVMs, homebuyers and homeowners who rely on value estimates |
| What changes | The FHFA’s rule on quality control standards for AVMs would be disapproved (overturned) |
| When | If the resolution becomes law, the FHFA’s AVM standards would not take effect |