Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney General Andrew Cuomo and FHFA to improve the reliability of home appraisals. Following a comment period on the original Code, modifications were made by the Enterprises to reflect comments received. The revisions will facilitate implementation in the marketplace.
Share:
Leave a Comment
Must Read:
Recent Stories
Topics
Last week the Consumer Financial Protection Bureau (CFPB) issued a consent order against former HECM...
Lenderful Solutions has revolutionized the typical HECM calculator with its Point-of-Sale consumer interface. We interview...
One U.S. Senator calls for reform saying flood insurance premium hikes endanger some reverse mortgage...
No comment yet, add your voice below!