The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency have adopted a final rule increasing the FIRREA threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000, effective October 9, 2019.
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Appraisal Threshold Increase Likely – 2 out of 3 Agencies Vote Yes
September 3, 2019
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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Top 3 Home Equity Lending Takeaways from CBA LIVE 2019
April 22, 2019
This year marked the centennial for the Consumers Bankers Association and 10 years of CBA LIVE! Once again the conference drew record attendance. The big question dominating the conference was what attendees believed to be the #1 issue NOW for banks. The answer – implementing technology. Retaining talent and mitigating fraud were also on the...
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