AGENCIES ANNOUNCE THRESHOLD FOR SMALLER LOAN EXEMPTION FROM APPRAISAL REQUIREMENTS FOR HIGHER- PRICED MORTGAGE LOANS

摘要

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency have announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase from $26,700 to $27,200. The new threshold amount will be effective January 1, 2020 and is based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as of June 1, 2019.