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March 24, 2014

CFPB, FHFA and Other Regulators Propose Minimum Requirements for AMCs

By Thomas Ressler

Under the proposed rule, participating states would require that an AMC register in the state and be subject to its supervision. Only state-certified or licensed appraisers would be allowed to participate in federally related transactions, such as the closing of a home mortgage.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher

48%

50% to 74%

24%

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14%

Under 30%

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