Appraisal & Valuation Archive

NY Times Continues HVCC Assault

Last week, the New York Times published an article “In Appraisal Shift, Lenders Gain Power and Critics” (you can read excerpts at Appraisal Scoop). Yesterday, the Times ran with what could be read as a logical extension of the...
August 24, 2009

Appraisal Foundation – August Q&A

Application of Appraisal Reporting Requirements Question: If an appraiser is bound by USPAP for a particular assignment, when must the appraiser comply with the USPAP appraisal reporting requirements? Response: Whenever a value opinion is communicated, compliance with USPAP’s appraisal...
August 21, 2009

NAR Responds to FHFA Guidance on HVCC

NAR President Charles McMillan sent a letter to Federal Housing Finance Agency (FHFA) Director James Lockhart addressing the agency’s recent guidance on the Home Valuation Code of Conduct (HVCC). In the letter, Mr. McMillan applauds FHFA for its efforts...

FOX 5 in Washington, DC on the HVCC

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NAR Calls on Its State Presidents to Support HVCC Moratorium

On July 27, 2009, NAR held a Webinar with State REALTORS Association Executives and Government Affairs Directors to discuss steps states may take to address concerns with the Home Valuation Code of Conduct (HVCC). In the Webinar, state presidents...

New Information on HVCC Announced by FHFA, GSEs

Yesterday the Federal Housing Finance Agency (FHFA) issued the notice “Strengthening Appraiser Independence and Improving the Valuation Process” aimed at addressing misinformation being circulated on the Home Valuation Code of Conduct (HVCC). The notice states that, amongst other things,...

New Audio Conference on Appraisal Changes: NAR Members Save 25%!

New Inside Mortgage Finance-sponsored research suggests that appraisal issues have emerged as one of the biggest obstacles for would-be homebuyers this summer. Find out what type of appraisal problems have emerged and how to deal with them at this...

New Appraisal Products

NAR recently updated it’s frequently asked questions (FAQ) document on the Home Valuation Code of Conduct (HVCC). You can get more information on HVCC at www.realtors.org/hvcc The Appraisal Foundation recently released a new brochure Why Engage A Professional Appraiser?...

Freddie Mac Releases New Guidance for Appraisals

On July 10, Freddie Mac released Bulletin 2009-18 to sellers and servicers. The bulletin addresses appraisals and underwriting. Regarding appraisals, the bulletin focuses on qualified appraisers, credible appraisers, comparable sales, and monitory appraisal quality. Freddie Mac reminds sellers that...

2010-2011 USPAP Adopted

The Appraisal Foundation announced changes to the 2010-2011 Uniform Standards of Professional Appraisal Practice (USPAP) at its meetings in New Orleans. The new edition will offer FAQ and advisory opinions, similar to what is in the current edition of...