The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down.
Source: Inman News
Congress closer to prodding VA to update appraisal requirements
Published in appraisal bias, Bob Broeksmit, Department of Veterans Affairs, desktop appraisals, Mark Jones, Mortgage, mortgage bankers association, Regulations, Select and VA loans
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