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FHA to Require Second Appraisal on Select Reverse Mortgages

https://appraisalknowledge.edublogs.org

The Federal Housing Administration announced Friday that it will require reverse mortgage lenders to provide a second property appraisal on loans flagged by FHA as potentially having an inflated property valuation. The requirement will take effect Oct. 1, 2018.

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Created by gloriaperkins 1 year 25 weeks ago
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