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Contemplating the Code
March 19th, 2008 9:41 AM

As much as the current mortgage crisis put a fire under Fannie Mae and Freddie Mac to tighten standards, it’s put stress on everyone involved with valuing homes and structuring loans. Cuomo’s Home Valuation Code of Conduct attempts to solve the problem of independent appraisals, but the fine tuning still needs serious attention. Appraisal Scoop, a blog on appraising, addresses some of the issues, if you’re interested in our side of the issue. But the 90-day comment period has been cut to 45 days! Our deadline for comments is now April 30.

Next week I’ll discuss my thoughts on this code and will encourage everyone to respond. Between now and then, if you have any ideas or comments, email me or fire your ideas directly to the review board. Until next week…

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Posted by J.R. Cabai on March 19th, 2008 9:41 AMPost a Comment

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