Appraisers' Free Forum

In an email (ad) I received today (I'm sure most of you received it also).

FHA Says NO WAY to The HVCC!

(FHA) Commissioner David Stevens assured the NAMB in a meeting on 08/24/09, that FHA is not considering adopting the Home Valuation Code of Conduct (HVCC). However HUD is looking at alternatives to the HVCC that will insulate appraisers.

Mortgage Brokers and Real Estate Agents are seeing FHA insured loans as a better choice for their Borrowers and Buyers. FHA is benefiting from the controversial HVCC and all the regulations it’s bringing to the market place. The total dollar volume of FHA mortgages exceeded $31.5 billion dollars in a two month period. FHA continues to grab more market share across the nation.
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Otis wrote:However HUD is looking at alternatives to the HVCC that will insulate appraisers.

Mortgage Brokers and Real Estate Agents are seeing FHA insured loans as a better choice for their Borrowers and Buyers.

It will be interesting to see what they come up with. Please keep us informed if there is additional info, Otis.

I really don't see much difference now, since the sham has been dropped (pay no attention to that man behind the curtain) and Fannie Mae is a now a direct government loan. My guess is that will be how they deep-six HVCC... by deciding that, since it was an agreement between Fannie and NYAG it is no longer enforceable because Fannie is now the government.