AI encourages FHA to strengthen HECM appraisals

The Appraisal Institute (AI) submitted a letter to Federal Housing Administration (FHA) Commissioner Brian Montgomery in response to the FHA’s requirement in certain situations of a second appraisal for its Home Equity Conversion Mortgage program.
AI asked that the FHA re-evaluate eligibility requirements for placement on the FHA appraiser roster.
Read on to learn more.

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