Does Anyone Remember What Caused This Crisis?

Schurman, Jeff
February 2010
National Mortgage News;2/22/2010, Vol. 34 Issue 21, p4
Trade Publication
The article offers information on the significance of the Home Valuation Code of Conduct (HVCC) created by Fannie Mae and Freddie Mac with New York attorney general Andrew Cuomo in the U.S. It states that the implementation of the HVCC has led to a 14% improvement in the appraisal quality. Moreover, HVCC has created additional business for the 60% of independent appraisers working with appraisal management companies (AMCs).


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