FDIC, Federal Reserve and OCC propose to raise “de minimus” – by Shaun Fitzgerald

Shaun Fitzgerald Fitzgerald Appraisals The FDIC, the Federal Reserve and the OCC propose to raise the “de minimus” threshold from $250,000 to $400,000. This proposal says that there will be no need for an appraisal if the real estate to be mortgaged has a value under $400,000. Instead, “evaluations” […]

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