Realtors, homebuilders, mortgage brokers and the
appraisal industry itself all agree the rules are causing problems.
Some are backing a bill in Congress ...
rules governing appraisals on loans slated for purchase by Fannie Mae
and Freddie Mac are also affecting valuations conducted for loans
guaranteed by the Federal Housing Administration, trade groups
representing appraisers say.
The Home Valuation Code of Conduct,
which went into effect May 1 for loans ...