Appraisal concerns were at the top of the agenda this week as NAR President Charles McMillan on Monday met with the New York State Deputy Attorney General and his staff to express industry concerns over the Home Valuation Code of Conduct. The HVCC agreement, which secondary mortgage market companies Fannie Mae and Freddie Mac have entered into with the New York Attorney General to curb faulty appraisals, has generated widespread concern. The agreement influences practices for assigning appraisals throughout the country because Fannie and Freddie apply it to all of the mortgages they handle. McMillan was also meeting on the issue with the head of the Federal Housing Finance Agency, which regulates the two secondary mortgage market companies. Separately, a post in the NAR Voices of Real estate blog on the state of the market generated more than 180 comments in just over a week, many from real estate professionals and others who shared their concerns over appraisals.