It’s official…FHA is adopting the same basic premise as the HVCC ruling on Conventional Mortgages.
We posted on May 1, 2009 about HVCC on Conventional loans which stated:
Up until now the loan officer had the control to select an appraiser they felt had the best ability to appraise the house that would be used for the [...]
Posts Tagged ‘appraisal’
February 12, 2010
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HVCC on FHA Loans
By Scott in Big Changes
May 1, 2009
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Home Valuation Code of Conduct – Conventional Mortgages
By Scott in Big ChangesModifications to the way in which lenders and appraisers work together go into effect today, May 1, 2009. According to the Federal Housing Finance Agency (FHFA) the changes to the Home Valuation Code of Conduct “will help assure that borrowers, homebuyers and secondary mortgage market investors receive fair and independent property valuations”.
So What Has Changed?
The [...]
Tags: appraisal
