What's New? Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

Monday, November 30, 2015 at 3:53PM
Banking Spectrum in Compliance, What's New

The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2016 will remain $25,500.

Click here to read more in The Gold Book. 

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).