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homebuyers: HERA and HVCC information on how the new government regulations may impact closing dates.
- 07/15/09 04:50 AM
I know many of you keep updated on all aspects of being a Realtor but here is some information that may have slipped by you. The mortgage industry is going through some changes especially those that impact time-lines.
HVCC has already went into effect May 2009. Home Valuation Code of Conduct main goal is to boost the overall sincerity of the valuation process. A stipulation worth mentioning is that borrowers receive a copy of their appraisal reports no less than 3 days prior to the closing absent a borrower waiver of this condition.
HERA effective date is July 30, 2009 and amends the Truth … (1 comments)
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