"New regulations designed to reduce home-appraisal fraud could result in lower-quality appraisals and make it more difficult for consumers to shop around for the best mortgage rates, loan officers and appraisers say.
The rule change, effective today, has been criticized for months by local mortgage brokers and appraisers, who say it could have a chilling effect on Valley home sales just as the housing market is beginning to show signs of thawing out.
They said Valley residents in the market for a home loan will immediately notice that the process takes longer and costs more as a result of the changes."
Click below to read more...
New home-appraisal rule stirs opposition
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment