The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain at $27,200 (2020’s threshold). Dodd-Frank added appraisal requirements for higher-priced mortgage loans, including a requirement that creditors obtain a written
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Illinois Bill Seeks To Address Appraisal Discrimination
By David Snyder on
Posted in Appraisers
A bill was introduced in the Illinois state legislature to prohibit discrimination in appraisals. HB 5862 states that an appraiser or real estate licensee engages in prohibited discrimination “when he or she considers the actual or perceived race, color, religion, or national origin of the owner of the real estate or the residents of the…
Trump Eminent Domain Position Remains Controversial
By David Snyder on
Posted in Eminent Domain
Donald Trump continues to be attacked by his primary opponents regarding his most prior use of eminent domain. For example, Marco Rubio criticized Trump’s position and then touted legislation he supported to limit the use of eminent domain when he was a Florida state legislator.
In one interview with Fox News, Trump said, “Eminent domain…