2024 USPAP Changes Clarify Nondiscrimination
Appraisal Today
NOVEMBER 3, 2023
The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.57
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