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ALERT: Feds Propose 1st Appraisal Threshold Change in 23 Years

Monday, July 24, 2017   (0 Comments)
From EDR

As many as 4,040 commercial real estate loans could be exempt from appraisals


This week, three bank regulatory agencies announced their latest response to concerns about the time and cost pressures of completing real estate transactions. The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency agencies are jointly issuing a notice of proposed rulemaking to raise the threshold requiring commercial real estate appraisals from $250,000 to $400,000. Click here to read full article