A proposal to exempt residential real estate transactions of $400,000 or less from appraisal requirements could help alleviate industry concerns about the time and cost associated with completing such transactions.
Federal banking regulators issued a notice of proposed rulemaking to raise the residential appraisal threshold, stating that they believe doing so could provide meaningful relief from appraisal burdens without posing safety and soundness threats.
Find out what the proposal could mean for banks if implemented.