GSEs Ease Appraisal Code Restriction on Broker Participation in Appraisal Process
April 16, 2009
Fannie Mae and Freddie Mac last month quietly restored mortgage broker access to the appraisal process and clarified some of the many questions that have arisen since the issuance of a final Home Valuation Code of Conduct towards the end of last year. The changes were made to address industry concerns about the HVCC, including prohibiting mortgage brokers from directly...