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

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Tagged: HPML; appraisal threshold

This topic has 2 replies, 2 voices, and was last updated 6 years, 1 month ago by kmeade.

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October 1, 2019 at 12:05 pm EDT #16160

kmeade
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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?
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October 2, 2019 at 3:16 pm EDT #16163

rcooper
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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
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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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