The threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain the same as it was in 2020, the Consumer Financial Protection Bureau, Federal Reserve Board and Office of the Comptroller of the Currency announced.
The threshold amount is based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers.
Read on for more from the CFPB.
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