The Director of the FHFA, which oversees Fannie and Freddie, says he expects the HVCC to be released shortly. However, the start date of the HVCC will be delayed:
Separately, an agreement to reshape the appraisal industry is being delayed up to three months, a federal regulator said Thursday.
James Lockhart, director of the Federal Housing Finance Agency, told the House Financial Service Committee that the agreement with New York Attorney General Andrew Cuomo will be delayed from its original Jan. 1 start date. While the agreement should be finalized in the coming weeks, “it’s taken us longer than we expected to do it,” he said.
I’m not sure exactly what’s holding up the Agreement, but its looking like some type of HVCC is going to be released soon.
Hat Tip: Appraisal Scoop