Source: http://www.loan.com/blog/2012/08/15/new-mortgage-appraisals-proposed-for-high-risk-borrowers/
Wednesday, January 30, 2013
New Mortgage Appraisals Proposed For High Risk Borrowers
A new rule has been proposed, by joint council of financial regulators, that would require lenders to obtain new home appraisals before making any high-risk mortgage loans. As an amendment to the Truth in Lending Act, created by the Dodd-Frank Act of 2010, regulators from agencies like the Consumer Financial Protection Bureau and the Federal [...]
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