FHFA Archive

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,...

Fannie Mae Announces Electronic Appraisal Requirements

Announcement 09-14: Electronic Appraisal Reports, Enhancements to the Loan Delivery File Format, and Mortgage Fraud Reporting, states that effective March 1, 2010, Fannie Mae will require the submission of electronic appraisal reports in the MISMO XML standards. Fannie will...

NAR Calls for Delay of HVCC

On April 20, 2009, NAR sent a letter to Fannie Mae and Freddie Mac requesting that the Home Valuation Code of Conduct (HVCC) be delayed until May 1, 2010. Citing a host of reasons, NAR President Charles McMillan said...

GSEs Look to Follow FHA’s Lead on Streamlined Refis

From the Housing Wire, Fannie and Freddie are considering a change with regard to how “Streamlined Refi’s” are appraised: In particular, the GSEs are considering a plan to allow some borrowers to refinance without the use of an updated...
December 15, 2008