Consistent with the directives of the Dodd-Frank Wall Street Reform and Consumer Protect Act, the Federal Reserve (Fed) has issued an Interim Final Rule (Rule). This Rule contains provisions of fundamental importance to residential appraisers. The Rule’s provisions will affect the conduct and practice of residential appraisals: appraisers need to understand this Rule and provide comments quickly, given the small window (December 28, 2010). [Read more…] about Wake up call – Interim final rule on real estate appraisals