FHFA RCV Ruling – What Changed and Why It Matters

Written by Donald J. Brown, Navigator Consulting, Senior Advisor for Tellum FHFA Eliminated the 2024 Full-RCV Requirement In 2024, FHFA imposed a rule requiring full Replacement Cost Value (RCV) homeowners’ insurance for all properties with federally backed mortgages: No Actual Cash Value (ACV) roof coverage allowed Higher premiums for condo associations and single-family homeowners Many […]

New Service Line – Clear Course Regulatory Services

As banks navigate regulatory compliance, examinations can occasionally result in findings that trigger formal enforcement actions. These actions typically require a timely, well-documented remediation plan and response along with prompt implementation of corrective measures. At this stage, banks often turn to large advisory firms, engaging sizable teams for months to document existing workflows and identify certain control deficiencies and any remediation requirements […]