Credit Unions Can Now Also Delay Appraisals Until 4 Months After a Mortgage Closes

HousingWire, Apr. 23, 2020–Ben Lane
In order to “allow credit unions to expeditiously extend liquidity to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the National Emergency declared in connection with coronavirus disease,” the National Credit Union Administration will allow credit unions to postpone obtaining an appraisal until four months after a mortgage closes.
https://www.housingwire.com/articles/credit-unions-can-now-also-delay-appraisals-until-4-months-after-a-mortgage-closes/