Consumer Financial Protection Bureau - New Appraisal Rules Benefit Mortgage Applicants

 

CFPB: New appraisal rules 

By  Polyana da Costa

"...the CFPB proposed a rule that would require lenders to notify mortgage applicants of their right to receive a copy
of the appraisal of the home being financed. Lenders would be required to provide copies of all written reports associated with the appraisal no later than three days before the loan closes...."