Agencies Issue Final Rule on Appraisals for Higher-priced Mortgages

January 22, 2013

The Consumer Financial Protection Bureau, along with five other federal financial regulatory agencies, issued the final rule that establishes new appraisal requirements for “higher-priced mortgage loans.” Read on for info about this rule as well as another new rule that requires lenders to provide consumers with free copies of all appraisals.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.