Six regulatory agencies on Wednesday issued a proposal that would exempt three types of higher-priced mortgage loans from appraisal requirements.

Though appraisals are required for higher-priced mortgages under the Dodd-Frank Act, the plan would exempt a subset of mortgages, including loans secured by existing manufactured homes (and not land); certain types of "streamlined" refinancings; and loans of $25,000 or less.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.