In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility.
Source: Inman News
Banks can now delay appraisals for up to 120 days after closing
Published in appraisal delays, Banking & Lending, Coronavirus, COVID-19, desktop appraisals, lending, Mortgage, mortgage news, mortgages, News Brief and the Fed
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