NAR keeping eye on HVCC’s effect on appraiser standards

NAR is taking a close look at a new standard adopted by Fannie Mae/Freddie Mac that establishes standards for the solicitation, selection and compensation of appraisers.

The Home Valuation Code of Conduct (HVCC), effective May 1, 2009, affects REALTORS®, appraisers, lenders, mortgage brokers and consumers and extends only to mortgages that are GSE-owned or guaranteed. According to NAR, the standard has the potential to delay or eliminate numbers of home sales. Take part in a NAR survey on this important development or learn more about HVCC.

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Tags: appraisers, HVCC, NAR

This entry was posted on Wednesday, June 24th, 2009 at 10:00 am and is filed under Government Affairs, NAR. You can follow any responses to this entry through the RSS 2.0 feed.