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Tag Archives: Dodd-Frank Act
GAO Report on Residential Appraisals Addresses Appraiser Compensation
As part of the Dodd-Frank Act it was mandated that the General Accountability Office (GAO) study the various valuation methods and the options available for selecting appraisers, as well as the Home Valuation code of Conduct (HVCC), which established appraiser independence requirements for mortgages sold to Fannie Mae and Freddie Mac. In July the report titled “Residential Appraisals – Opportunities to Enhance Oversight of an Evolving Industry” was released. The… Continue reading
Posted in Appraising, FNC
Tagged appraiser compensation, Dodd-Frank Act, Fannie Mae, Freddie Mac, General Accountability Office, HVCC
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