Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Government Accountability Office. Government Accountability Office. (Source: Mark Van Scyoc/Shutterstock)

House Financial Services Chairman Maxine Waters (D-Calif.) is asking the Government Accountability Office to investigate the risks created by the NCUA and other federal agencies that have proposed exempting a larger number of home purchases from appraisal requirements.

The NCUA is considering increasing the threshold of residential purchases that would require an appraisal from $250,000 to $400,000 — a plan that other banking regulators already have adopted.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

David Baumann


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.