AI Letter to HUD on HECM RFI
The Appraisal Institute sends letter to HUD regarding the importance of maintaining the second appraisal requirement in the HECM program.
Summary
The Appraisal Institute urges HUD to retain the second appraisal requirement for HECM loans, emphasizing that it protects seniors, strengthens valuation accuracy, and supports the stability of the HMBS market.