Home Valuation Code of Conduct Archive

Appraisals Making it Harder to Refinance or Sell

Today’s Wall Street Journal reports on the impact appraisals are having on the real estate transaction, whether it be a sale or refinance. The article covers all the current hot topics of the appraisal industry: HVCC, AMCs, and appraiser...

Early Reports Indicate HVCC Driving Up Fees

It started this past weekend with Ken Harney’s article in the Washington Post “New Appraisal Rules Come with Costs“. Mr. Harney reported that the cost of an appraisal for the consumer increased approximately $125 (from $325 to $450) as...

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...

“They don’t want good appraisers”

The Center for Public Integrity has posted a great report on the developments of the appraisal profession over the last few years. The report discusses how appraisal pressure has influenced the housing market and includes this section on the...
April 15, 2009

HVCC Modifies Mortgage Broker Restrictions

Fannie and Freddie will now allow mortgage brokers to order appraisals through a lender’s designated AMC. From Freddie Mac’s Home Valuation Code of Conduct FAQ: Can a broker initiate an appraisal request through a lender’s designated appraisal management company...
April 14, 2009

Cashing in on HVCC

At least one company is seeing the financial benefits of the upcoming implementation of the HVCC on May 1, 2009. SharperLending, LLC offers Appraisal Firewall, which is a secure, online technology tool that allows lenders and appraisers to maintain...

Appraisers Brace for Industry Change

Great article from a San Francisco news site on the potential impact of the HVCC. Right now, many of the appraisers are scrambling to get on “the lists” of AMCs and lenders. There should still be jobs to go...
March 10, 2009

NAMB Files Lawsuit Over HVCC

Frank Gregoire’s Blog, Appraiser Active, has an interesting post up on the National Association of Mortgage Brokers attempt to prevent the enactment of the Home Valuation Code of Conduct: The National Association of Mortgage Brokers (NAMB), with the support...

Appraisers Upset Over New Rules

From Ft. Worth Texas, another article on the Home Valuation Code of Conduct: Money quote: Kenneth Jones, a Realtor as well as a 16-year veteran appraiser, said his options are limited if he wants to continue to work: join...
February 17, 2009

HVCC Agreement Coming….Eventually

Today the Federal Housing Finance Administration (FHFA) released its 2008 Performance and Accountability Report. The 186 page document had a couple of brief paragraphs on the infamous appraisal agreement between Fannie Mae, Freddie Mac, and the NYS Attorney General...
November 17, 2008