Financial Reform Bill Will Set New Appraisal Standards, But Probably Similar to HVCC
July 1, 2010
The financial reform package forged by House and Senate lawmakers late last week would impose new appraisal requirements of mortgages designated as “higher risk,” bolster appraiser independence requirements and make a variety of changes to the appraisal guidelines established by federal banking regulators. The Dodd-Frank Wall Street Reform and Consumer Protection Act...