Regulators OK rules for higher-risk mortgage appraisals

01/15/2013 | Bloomberg

The Federal Deposit Insurance Corp. has signed off on new appraisal standards for higher-risk loans and has allowed an additional year for implementation of the rule. This rule and the Consumer Financial Protection Bureau's qualified-mortgage rule "are key components in addressing the practices that contributed to the worst economic crisis since the Great Depression," said Thomas Curry, comptroller of the currency.

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