Home Valuation Code of Conduct 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

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?...

NAR Survey Results Highlight Impact of HVCC

Yesterday, a preliminary analysis of a NAR survey was released, which indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets. The use of out of area...

New Bill Urges HVCC Moratorium

Representatives Travis Childers (D-MS) and Gary Miller (R-CA) co-sponsored legislation, HR 3044, that will institute an 18-month moratorium on the Home Valuation Code of Conduct (HVCC). According to HousingWire.com, Childers’ concern is how the code is negatively impacting small...

AMCs v. Direct Contact – It’s A Dead Heat

The Appraisal Institute reports on a finding by Global DMS that the number of lenders directly ordering appraisals is roughly the same as the number of lenders using AMCs. According to the report, AMCs may be suffering from client...