Regulation of Real Estate Appraisers and the Home Valuation Code of Conduct (HVCC).

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Computers.

Federal government.

Finance--Law and legislation.

Finance.

Physical Description:

1 online resource (5 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Reviews Federal Financial Institutions Examination Council regulation of State licensing, and the certification of real estate appraisers. Discusses threshold that can be established by Federal banking regulators for requiring an appraisal for federally related loans. Addresses the "Cuomo Agreements" of Mar. 2008, in which FNMA (Fannie Mae) and Federal Home Loan Mortgage Corp. (Freddie Mac) agreed not to purchase loans from banks that conducted appraisals in-house, and which established a home valuation code of conduct (HVCC). Considers impact of HVCC on automated valuation models, which are computerized valuations based on available information.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Regulation of Real Estate Appraisers and the Home Valuation Code of Conduct (HVCC)

Access Restriction:

Restricted for use by site license.