Tag Archives: Consumers

Thank You Appraisers for Protecting the Public

Thank You Appraisers for Protecting the Public Good News! Mortgage Fraud increased 12.4% How exactly is this  good news?  Well, it is simple….. Appraisers had absolutely nothing to do with it!  According to the CoreLogic Mortgage Fraud Index,  mortgage fraud rose 12.4% from 2nd Qtr 2017 through 2nd Qtr 2018.  Here is the break down: … Read More: Thank You Appraisers for Protecting the Public »

Call to Action: Comments Needed

The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies’ regulations requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000. Consistent with… Read More: Call to Action: Comments Needed »