Back in January we discussed the Home Valuation Code of Conduct (HVCC) in THIS POST. Additional information about opposition to the HVCC from Federal Bank Regulators was provided HERE.
Now, we provide this release from the National Association of Mortgage Brokers:
“The HVCC does nothing but drive up costs for consumers and push small businesses out of the market,” said NAMB President, Marc Savitt. “The HVCC will drastically reduce the ability of mortgage brokers to provide consumers with an efficient and cost-effective means of obtaining a mortgage.”