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Do the appraisal threshold changes affect high-priced appraisal rules?

Home Forums Appraisal Rules Do the appraisal threshold changes affect high-priced appraisal rules?

This topic contains 2 replies, has 2 voices, and was last updated by  kmeade 2 months, 1 week ago.

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  • #16160

    kmeade
    Participant

    Does the new change for the threshold for residential real estate transactions that changes the requirement for appraisals from the current $250,000 to $400,000 effect the appraisal requirements under 1026.35(c) for higher-priced mortgage loans?

    #16163

    rcooper
    Keymaster

    I can’t think of any way it would affect the HPML rules – they remain the same. Is there something in particular you’re thinking of?

    #16165

    kmeade
    Participant

    I am just verifying that it does not amend any of the current requirements concerning obtaining an appraisal on HPML loans? Just asking since the new thresholds apply to residential real estate transactions (single 1-to-four family residential property).

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