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I Understand that HUD is Adopting the HVCC Policy Soon

Profile picture for SDMortgagefinder
Saw a good piece on Active Rain from an appraiser that indicated HVCC adoption had been picked by HUD.   Anyone else heard of this?
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September 22 2009 - US
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Profile picture for SDMortgagefinder
Thanks everyone.  Appreciate the feedback.
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September 22 2009
Profile picture for Colorado Lender
Mortagee letter



Yep.  That sucks bigtime.
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September 22 2009
Profile picture for Christopher Jones
HVCC, no.  Most of the HVCC language, yes.  That is true.  Mortgagee letters 09-28 to 09-30 outline new appraisal independence language, and it's the same as HVCC in all material respects.
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September 22 2009
 

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