As HVCC Sunset Appears, Fannie Makes Changes to The Appraisal Process, But Not Everyone Is on Board
July 8, 2010
Although the Home Valuation Code of Conduct appears to be coming to an end, Fannie Mae has made some changes to its appraisal process that will raise the bar for appraisers and appraisal management companies. At the same time, lenders are being reminded they are ultimately on the hook for the quality of the appraisals backing the loans they originate, according to some top industry officials...