Cuomo Agreement Archive

Home Valuation Code of Conduct “start date” will be delayed

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...
September 30, 2008

Appraisal Foundation President expects Announcement on the HVCC Soon

Appraisal Foundation President, Dave Bunton, said he expects the parties involved with the Cuomo Agreement to make an announcement about the Home Valuation Code of Conduct within the next 30 days. Mr. Bunton went on to say that despite...
September 17, 2008

Will Conservator Repudiate HVCC Agreements?

This is a follow up to our previous post on What Will Happen to the HVCC? Speculation is running rampant regarding the future of the Code. We are hearing everything from the HVCC will be implemented with some changes...
September 15, 2008

Are Lenders Abandoning AMC’s?

In most of my discussions with appraisers who hate the HVCC, the conversation inevitably moves to AMC’s. They believe that the HVCC will push lenders to use AMC’s when hiring appraisers. This is something many appraisers find reprehensible, as...
September 11, 2008

What Happens Now with the HVCC?

Given that the Federal Government has recently placed Fannie and Freddie in Conservatorship, many appraisers are wondering what impact this will have on the Home Valuation Code of Conduct. My guess is that this recent take-over will either kill...
September 10, 2008

Cuomo’s Home Vaulation Code of Conduct Hits a Roadblock

The blog Appraisal Scoop has linked to a Press Release from the Federal Register which states that there is a new Federal Agency in charge of overseeing Fannie Mae and Freddie Mac, The Federal Housing Finance Agency. FHFA was...
September 5, 2008

Fannie/Freddie’s Stock Price and the Cuomo Agreement

Fannie and Freddie’s stock has fallen rather dramatically over the last month or so, and I am curious what impact this may have on the New York Attorney General Andrew Cuomo’s Home Valuation Code of Conduct. My gut tells...
August 19, 2008