Agencies Approving Tougher Appraisal Rules on High-Cost Mortgages

The Federal Deposit Insurance Corp. has approved a final rule that imposes new appraisal requirements on lenders in mortgage transactions where the homebuyer is being charged a higher-than-normal mortgage rate.

Article source: http://www.nationalmortgagenews.com/dailybriefing/agencies-approving-tougher-appraisal-rules-high-cost-mortgages-1033907-1.html

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