In Depth: The Home Valuation Code of Conduct
NAR One-Page Summary: REALTORS® Concerns with HVCC
According to a July 2009 survey of REALTORS®, 76 percent of respondents said the length of time to obtain a completed appraisal report increased after May 1, 2009. More than one third of REALTORS® have lost at least one sale because of a delay in the appraisal process.
Download the summary> (PDF: 130K)
Federal Housing Finance Agency (FHFA) Latest Guidance on HVCC
On July 22, 2009, the Federal Housing Finance Agency (FHFA) released a notice on the Home Valuation Code of Conduct (HVCC). The purpose of the notice is to clarify some misconceptions around the HVCC.
Download the notice> (PDF: 83K)
NAR HVCC State Action Info Pack
NAR has created a comprehensive package to help with your advocacy efforts in your State.
Download NAR's HVCC State Action Info Pack> (PDF: 285K)
NAR Research: The Impact of HVCC
An analysis by the National Association of REALTORS® indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets.
Download the flyer> (PDF: 293K)
Read NAR economist's commentary>
NAR Regulatory Issue Brief
On May 1, 2009, the Home Valuation Code of Conduct (HVCC) went into effect. The HVCC establishes standards on solicitation, selection, compensation, conflicts of interest and appraiser independence. However, the current appraisal process remains largely intact. This paper briefly discusses how the HVCC impacts various stakeholders in the mortgage transaction.
Continue reading> (PDF: 264K)
HVCC FAQs
NAR has put together a list of FAQs to help REALTORS® navigate through the new code. Fannie Mae and Freddie Mac have also released a set of FAQs, which are listed below.
NAR's HVCC FAQs> (PDF: 269K)
Fannie Mae FAQs> (PDF: 55K)
Freddie Mac FAQs>
HVCC Talking Points
NAR has compiled a list of important points to be stressed when visiting with your Congressional or Senate Offices.
Download the talking points> (PDF: 118K)
HVCC Myths and Facts
REALTORS® are increasingly vocal about the implementation of the Home Valuation Code of Conduct (HVCC). NAR prepared a flyer to dispel the myths and present the facts about HVCC.
Download the flyer> (PDF: 344K)
