Appraiser News
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Appraisals for high-risk mortgages, but at what cost?
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The Consumer Financial Protection Bureau released a proposed rule that would require mortgage lenders to provide home loan applicants with copies of written appraisals and other home value estimates developed in connection with the application. The rule would ensure that consumers receive information prior to closing about how the property’s value was determined with a free copy of any appraisal report.
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