Biden Signs Bill Revising Valuation Process for VA Mortgages
Category: Legislative
Jan
11
Originally published on January 11, 2023 by Congress.gov.
President Biden on Dec. 27 signed HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022, which streamlines the valuation process for U.S. Department of Veterans Affairs mortgage loans by allowing desktop appraisals and appraisal waivers in some situations. Critics have complained that the VA home buying process can be unnecessarily slow due to appraisals having to be handled in-house.
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