Regulation of Real Estate Appraisers and the Home Valuation Code of Conduct (HVCC).
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 Agree...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
2009.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| 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. |
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| Item Description: | 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. Electronic resource. |
| Physical Description: | 1 online resource. |