Industry Eyes Moratorium on GSE Appraisal Code, Effort Unlikely to Blunt Effects of GSE Directives
July 1, 2009
Members of Congress sympathetic to the mortgage and real estate industries have introduced legislation that would impose an 18-month moratorium on the controversial Home Valuation Code of Conduct that went into effect May 1, while some industry groups are pressing the regulator of Fannie Mae and Freddie Mac for a similar course of action. Late last week, Reps. Travis Childers...