The FDIC and Office of the Comptroller of the Currency have decided to increase the FIRREA threshold for residential real-estate transactions requiring an appraisal from $250,000 to $400,000.
If the Board of Governors of the Federal Reserve also votes to increase as expected, lenders will have access to a new suite of valuations available for loans...
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3 Ways Real Estate Lenders Can Avoid Mortgage Wire Fraud or a Cybersecurity Breach
July 17, 2019
Cyber fraud is a rampantly growing problem facing the real estate industry – and lenders need to arm themselves to prevent it. It only takes one breach to expose consumers and irrevocably damage a lender’s reputation.
So, how do you protect yourself? Here are three steps real estate lenders can take to avoid being a victim...
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The FIRREA Appraisal Threshold Debate: Are You Ready?
February 5, 2019
As regulators work toward a decision on whether to increase the threshold for residential real-estate transactions requiring an appraisal from $250,000 to $400,000, many lenders and appraisers alike are wondering whether they are prepared, whatever happens.
For lenders, a higher threshold will offer more flexibility on the type of appraisal products they use. They stand to...
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