NCUA Follows Banking Regulators and Changes Appraisal Rules

National Mortgage Professional, Apr. 16, 2020–Keith Griffin
The NCUA announced an appraisal is not required for residential real-estate related transactions from $250,000 to $400,000. If the property involved in the transaction is below the threshold, federally insured credit unions will be required to obtain written estimates of the market value of the real estate, consistent with safe and sound practices.
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