Trade groups want more time to comment on Appraisal Subcommittee proposal

Mortgage lenders and community institutions want the Appraisal Subcommittee of the Federal Financial Institutions Examination Council to extend the comment period for proposed policy statements intended to ensure that state appraisal regulatory programs comply with applicable federal provisions. A group of five associations said industry participants have been busy working on comments related to several complex Dodd-Frank mortgage proposals, and need additional time to provide meaningful feedback on the subcommittee’s statements.