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 In This Issue Housing Report FHA Clarifies Position on HVCC Housing Report  FHA Clarifies Position on HVCC National Mortgage News recently reported that, according to the National Association of Mortgage Brokers (NAMB), the Federal Housing Administration (FHA) will not implement the Home Valuation Code of Conduct (HVCC) for its mortgage insurance programs. According to the article, FHA Commissioner David H. Stevens met with a delegation from NAMB and discussed a variety of topics. After talking with HUD, NAR believes it is clear that FHA supports much of what the Code has accomplished. FHA is currently reviewing its appraisal policies and may adopt changes that take HVCC into account. NAR's HVCC Web page Federal Housing Administration National Mortgage News Jerome Nagy 202-383-1233 back to top Go to archived weekly reports >> Last Updated: 08/28/2009 Bira de Aquino |
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