FHA May Adopt Parts of GSEs’ Controversial Appraiser Code
September 14, 2009
The Department of Housing and Urban Development is developing a new appraiser policy that may include parts of the Home Valuation Code of Conduct appraisal system now in place at Fannie Mae and Freddie Mac. HUD made the announcement as it denied reports that it has no plans to adopt the HVCC wholly or in part. Contrary to published reports, FHA Commissioner Dave Stevens said he “supports much of...