Despite raising many legal questions, a new appraisal code becomes effective for single-family mortgages—excluding government-insured loans—that are originated on or after May 1, 2009 and delivered to Fannie Mae or Freddie Mac.

Under the code, lenders and any third party acting on their behalf are prohibited from influencing or attempting to influence an appraisal through coercion, extortion, collusion, compensation, inducement, intimidation, bribery or any other form of pressure. The code adds another layer of compliance requirements to existing GSE and federal appraisal regulations.

Get all the details about the appraisal code in a new report from Inside Mortgage Finance Publications called Guide to the New Appraisal Code (the GSE Home Valuation Code of Conduct). It contains everything you need to know about this new rule and how it will impact mortgage industry players.

History of the Rule

• Original Proposal
• Comment Letters
• What Changed?

Final Agreement

• Key Provisions of the Final Code
• Lender Adjustments
• Appraiser Adjustments
• Frequently Asked Questions

Impact on the Industry

• Mortgage Lenders
• Mortgage Brokers
• Appraisal Management Companies
• Legal and Compliance Issues
• Enforcement Issues and Beyond the GSE Market

Plus an appendix that includes a copy of the final Home Valuation Code of Conduct, FAQs and more.