October 13, 2022
Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans
- Board of Governors of the Federal Reserve System
- Consumer Financial Protection Bureau
- Office of the Comptroller of the Currency
For release at 4:00 p.m. EDT
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000.
The threshold amount will be effective January 1, 2023, and is based on the annual per