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Blog entries tagged with "home valuation code of conduct":
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Attention: Mortgage brokers, loan officers and mortgage bankers...
HVCC stands for Home Valuation Code of Conduct. It's intended to eliminate the opportunity for consumers and mortgage lenders to exert influence on the apprisal process and is schedulded to take effect January 2009.
I have been getting more and more email about the HVCC (Home Valuation Code of Conduct) agreement, and the more I read it, the more I hate it. Once again (similar to prior attempts to curb lender pressure), it is a poorly worded document that only truly hurts the appraisers, while giving … (5 comments)
Hello appraisers et al - 
This is an excerpt from a memo I received from my web hosting president. This truly is one of the most important decisions that will forever effect the way real estate transactions may be done.
You may or may not know that Effective January 1, 2009 there will be MAJOR changes implemented by Fannie Mae and Freddie Mac coming down from the Office of Federal Housing Enterprise Oversight (OFHEO). These Changed will effect how the appraisal process takes place on conforming mortgages.
We as appraisers can only watch as the meltdown the system spawned reeks mayhem over the markets in the months and years to come. 
Ever since the GSE/Cuomo agreement surfaced last week, I've spent much time weighing the many dimensions surrounding the issue. While this post is not about the Home Valuation Code of Conduct (HVCC) itself (and its' many implications), it is about the manner in which the agreement was reached by the Attorney … (12 comments)