I signed the petition for putting a 1.5 year moratorium on HVCC. I received an update as an exciting bill intends to put a pause in the executin of this bill.
HVCC Continues to devastate home values across the US. There is a fear that with higher Fannie and Freddie loan limits it will carry through to our former "jumbo" markets, leading the country even further into recession. Representatives Childers (D-MS) and Miller (R-CA) introduced legislation (H.R. 3044) requesting an 18 month moratorium on the Home Valuation Code of Conduct (HVCC).
H.R. 3044 now has over 54 co-sponsors and now is the time to forward the petition to every person you know and every representative in the country. Read some of the comments in the petition and you will soon understand the harmful nature of this horribly misguided code.
Please sign and forward the following petition and forward to everyone you know in the industry and ask them to forward to their representatives: