UPDATE: On Thursday March 31st the US Court of Appeals granted a temporary administrative stay delaying the rule at least until April 5th at which time there will be a hearing.
Continue readingGoodbye HVCC?
The Federal Reserve has passed an interim rule (read more here) that effectively eliminates the controversial HVCC (Home Valuation Code of Conduct). Many originators and industry professionals agree that appraisal independence is needed but not on how to achieve that end. Without the HVCC will much really change? What are your thoughts?
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