Feds announce 2016 threshold for smaller, 'higher-priced’ loan appraisal exemption

The Federal Reserve Board, the Consumer Financial Protection Bureau, and the Office of the Comptroller of the Currency announced the annual adjustment of the dollar amount used to determine whether a small loan is exempt from the special appraisal requirements that apply to higher-priced mortgage loans.

Source: Feds announce 2016 threshold for smaller, ‘higher-priced’ loan appraisal exemption