The Home Valuation Code of Conduct and Its Potential Impacts

Abernethy, Avery M.; Hollans, Harris
January 2010
Appraisal Journal;Winter2010, Vol. 78 Issue 1, p81
Academic Journal
The Home Valuation Code of Conduct (HVCC ) is a new part of the Fannie Mae and Freddie Mac Selling Guides. It is the result of a private agreement between New York Attorney General Cuomo, the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac. The code could change the appraisal industry and the real estate industry as well as banking practices. This article examines the background of the original proposal and the objections raised by appraisal, banking, and real estate interests. The final HVCC provisions are summarized and the remaining areas of concern are examined. Readers are cautioned that this situation continues to evolve, and they should consult government and association Web sites for the latest updates.


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