FRB Issues Interim Final Rule to Replace HVCC

The Federal Reserve has passed an interim rule (read more here) that effectively eliminates the controversial HVCC (Home Valuation Code of Conduct).Many originators and industry professionals agree that appraisal independence is needed but not on how to achieve that end.

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Here is your chance to comment on the HVCC replacement rule put forth by the Fed. The Federal Reserve issued an "interim final rule" for real estate appraiser. declaring that it had found no.

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from the Board of Governors of the Federal Reserve System (Board) to the. comment an interim final rule establishing a new Regulation B,. thresholds under the Title XIV Rulemakings in connection with any change in the calculation of. effect no later than one year after the Bureau issues them.

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The Federal Reserve issued an interim final rule seeking to establish real estate appraiser independence and replacing the Home Valuation Code of Conduct. Federal Reserve replaces HVCC Sign In

By preventing mortgage brokers, Realtors, and loan-production staffers from selecting appraisers, the HVCC was designed to. Last week, the Board of Governors of the Federal Reserve System announced.

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