Wednesday, January 21, 2009

Bank Regulators - Concerned About Home Valuation Code of Conduct

As reported by the Appraisal Institute - Appraisal News Online

Four of the five federal bank regulators have called for the withdrawal of the Home Valuation Code of Conduct and the Home Valuation Protection Program and Cooperation Agreements saying they could “unnecessarily undermine the safe and sound extension of mortgage credit, reduce the availability of mortgage credit to many consumers, and ultimately lead to less reliability and accuracy in real estate appraisals.”


There may be some sense out there after all!