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MBA reacts to proposed appraisal threshold increase
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Wednesday, February 20, 2019
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The Mortgage Bankers Association (MBA), in a letter dated Feb. 5 to the federal financial regulators, outlined its support of the proposed changes to the appraisal threshold for residential real estate transactions, pointing out that appraisals still need to be done to provide the quality of data that automated valuation models or other technology platforms use to help perform evaluations.
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