New federal rule gives home buyers better access to appraisals
A new federal rule could give millions of home buyers insights they've never had before about a crucial element of their mortgage application: the appraisal including the electronic cross-checks and reviews now used by lenders to determine the amount of the loan they'll approve. Lenders will be required to inform mortgage applicants that they can receive a free copy of whatever appraisals, reviews, computer valuations and other data are used in the transaction.
Read article - LA Times
A new federal rule could give millions of home buyers insights they've never had before about a crucial element of their mortgage application: the appraisal including the electronic cross-checks and reviews now used by lenders to determine the amount of the loan they'll approve. Lenders will be required to inform mortgage applicants that they can receive a free copy of whatever appraisals, reviews, computer valuations and other data are used in the transaction.
Read article - LA Times
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