26 June 2009 ? The National Association of Realtors responds to problems with appraisals causing deals to be delayed or canceled altogether. Charles McMillan, 2009 NAR President will be in New York on Monday, June 29 meeting with the Deputy Attorney General and his staff who worked directly on the Home Valuation Code of Conduct (HVCC) adapted by Fannie Mae and Freddie Mac that went into effect May 1, 2009. He will be sharing Realtor® concerns and stories regarding the problems they have been experiencing and asking for their assistance in resolving problems related to the HVCC. On Tuesday, June 30th, McMillan will travel to Washington, D.C. to meet with the Director of the Federal Housing Finance Agency to discuss ways Realtors® can work with Fannie Mae, Freddie Mac and lenders to ensure that appraisals are accurate. NAR is working to find quick resolution to these issues. The Association is reaching out to its members to continue to share issues resulting from the HVCC with them.Email This Post To a Friend.
June 26, 2009
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