Phillips, Robin L.
June 2010
Valuation;2nd Quarter 2010, p19
The article presents a rundown of various misconceptions about the Home Valuation Code of Conduct (HVCC) in the U.S. According to the president of the Appraisal Institute (AI) Leslie P. Sellers, they are trying to educate appraisers about HVCC since the misunderstandings are rampant. It is believed that the Code is a legislation and a law but the truth is, HVCC is a private agreement between Fannie Mae, Freddie Mac, and the New York Attorney General's office.


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