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

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  • October 1, 2019 at 12:05 pm EDT #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?

    October 2, 2019 at 3:16 pm EDT #16163
    rcooper
    Member

    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?

    October 3, 2019 at 10:57 am EDT #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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