Fannie, Freddie Begin Designing Replacement Standards for Controversial Appraisal Code
September 23, 2010
A replacement is in the works for the Home Valuation Code of Conduct, the appraisal standards designed to bolster appraiser independence that were adopted by Fannie Mae and Freddie Mac in response to pressure from the New York attorney general. The Dodd-Frank Wall Street Reform and Consumer Protection Act passed earlier this summer requires...