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Home » Store » Taxable » HUD Drafts New Appraisal Accountability Rule for FHA Lenders, Sheds No Light on Forthcoming RESPA Proposal

HUD Drafts New Appraisal Accountability Rule for FHA Lenders, Sheds No Light on Forthcoming RESPA Proposal

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The Department of Housing and Urban Development is drafting a new regulation that will strengthen its requirements concerning the responsibility of FHA lenders to ensure appraisal quality. The new rule, scheduled to be proposed for public comment in June, will codify HUD’s position that “lenders are responsible, equally with appraisers, for the quality of appraisals on properties that secure
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