HVCC Sunset Provision Added to Consumer Protection Legislation
October 27, 2009
The House Financial Services Committee approved an amendment to sunset the Home Valuation Code of Conduct after a proposed federal consumer watchdog agency announces new standards for appraisal independence. Introduced by Rep. Gary Miller, R-CA, during markup of H.R. 3126, the Consumer Financial Protection Agency Act, the amendment would require...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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