Aug 20 2009

HVCC Appraisals

Published by at 6:06 am under General Information

The recent Home Valuation Code of Conduct regarding appraisals is believed to be causing undue delays, expense and inaccuracies in the market place.

National Association of Realtors® (NAR) President, Charles McMillan, recently met with both the New York State Attorney General and with the head of the Federal Housing Finance Agency – the overseer of Fannie Mae and Freddie Mac – to convey industry concerns. Representatives Travis Childers (D-MS) and Gary Miller (R-CA) have co-sponsored HR 3044 that would impose an 18-month moratorium on the use of the HVCC. It would seem a good time to pause and reassess.

Read the complete background by clicking on the New Appraisal Rules tabbed page above.  

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