GSEs May Loosen HVCC to Allow Brokers To Contact AMCs to Request Appraisals
April 9, 2009
Fannie Mae and Freddie Mac may loosen a provision in the revised Home Valuation Code of Conduct, which is set to take effect May 1, to allow mortgage brokers and loan officers to order appraisals through lenders’ appraisal management companies. In a related development, the National Association of Mortgage Brokers late last week withdrew its lawsuit against the Federal Housing Finance...