Sentences with phrase «certain appraisal requirements»
On December 12, 2013, The Federal Reserve Board, along with five other federal regulatory agencies, issued a final rule to exempt a subset of higher priced mortgage loans (HPML) from certain appraisal requirements.
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The term loan requires compliance with certain covenants including semi-annual third - party slot appraisal valuation requirements.
Generally speaking, an appraiser must fulfill certain educational and experience requirements before he can become licensed in the specific state where he will perform appraisals.
The VA appraisal process is two - pronged and involves both the valuation and a broad assessment of certain property conditions, known as the Minimum Property Requirements, or MPRs.
Depending on the lender, you may be able to refinance your FHA home loan without the hassle of certain appraisal and documentation requirements.
A financial institution may also go beyond the requirements of the agencies» regulations to require an appraisal in certain instances (e.g., when the institution's portfolio risk increases, on higher - risk real estate - related financial transactions, etc.).