Federal Deposit Insurance Corp

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Banks will soon be able to postpone some appraisals until 120 days after a mortgage closes

Apr 14, 2020By

Citing the need to “extend financing to creditworthy households and businesses quickly in the wake of the national emergency declared in connection with COVID-19,” a trio of federal banking regulators announced Tuesday evening that banks will soon be able to delay getting an appraisal on a property for as many as 120 days after a mortgage closes.

3d rendering of a row of luxury townhouses along a street

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