appraisal: HVCC and It's Influence on Today's Appraisal Standards - 09/04/11 06:59 AM
The Home Valuation Code of Conduct (HVCC) was implemented in May 1, 2009 by the Federal Housing Finance Agency (FHFA).  It was designed as an attempt to improve the independence of appraisers.  It contained provisions that prohibit lenders and third parties from influencing appraisals to arrive at a certain value.  
According to NAR, the HVCC establishes standards on solicitation, selection, compensation, conflicts of interest and appraiser independence. Mortgage brokers and real estate agents are prohibited from selecting appraisers. Lenders are permitted to use “in house” staff appraisers to conduct appraisals. However, the loan production staff is prohibited from:
1) Selecting, retaining, recommending, or influencing the … (8 comments)

appraisal: FHA 203K Renovation Mortgage Program Overview/Updates - 02/13/11 05:31 AM
FHA Program Basics
Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations
FHA Minimum Down Payment Increases to 3.5% on Jan 1st
 


FHA 203K Guideline FAQ - Appraisals (Also see Property Conditions)
 

 



FHA 203K Guideline FAQ
 


FHA 203K Guideline FAQ - HUD Homes
Buy a HUD Home in Georgia for Only $100 Down
  


FHA 203K Guideline FAQ - Miscellaneous

 
 


FHA 203K Guideline FAQ - Property Condition
 
 



 
FHA Basic Guidelines
FHA … (0 comments)

appraisal: USDA Financing Mortgage Program Updates - 10/03/10 11:40 AM
USDA Program Basics







 

USDA Guideline FAQ - Appraisals (Also see Property Conditions)
 


USDA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
 



USDA Guideline FAQ - Credit









USDA FAQ - Income/EmploymentBusiness Expense Deductions vs Qualifying for a Mortgage


USDA Guideline FAQ - Loan Limits


USDA Guideline FAQ - Miscellaneous

USDA Announces 2011 Funding Availability  


USDA Guideline FAQ - Property Condition 


New Carpet or Carpet Allowance? 
Please check back for program updates … (1 comments)

appraisal: FHA Financing Mortgage Program Overview/Updates - 09/28/10 05:07 AM
 
FHA Program Basics
Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations
FHA Minimum Down Payment Increases to 3.5% on Jan 1st
 


FHA Guideline FAQ - Appraisals (Also see Property Conditions)
FHA Appraisal Transfer Changes Effective January 1, 2010
FHA Appraisal Validity Period Change Effective January 1, 2010
 


FHA Guideline FAQ - Assets/Bank Accounts/GiftsSelf-Employed???? Acceptable Use of Business Funds for Closing
 



FHA Guideline FAQ - Condominiums
Getting a Gift for Closing Funds??? - Know the FHA Rules

10 Questions You and Your Buyers Must … (0 comments)