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The Home Valuation Code of Conduct (HVCC or the 'Code') is an American document created jointly by members of Freddie Mac, the Federal Housing Finance Agency (FHFA), and the New York State Attorney General.〔(Home Valuation Code Of Conduct, Full Text, Retrieved August 16, 2009 )〕 The document states effective May 1, 2009, Freddie Mac will no longer purchase mortgages from Sellers that do not adopt the Code with respect to single-family mortgages that are delivered to Freddie Mac. Also, effective for single-family mortgages made after May 1, 2009, Freddie Mac Seller/Servicers must represent and warrant that the appraisal report is obtained in a manner consistent with the Code. Certain types of mortgages are excluded from the Code, including: FHA/VA Mortgages, Section 184 Native American Mortgages, and Section 502 Guaranteed Rural Housing Mortgages. The code has not been well accepted by the most experienced Real Estate Appraisers as the code eliminated constructive working relationships with lenders and brokers that had been in place and working well for decades in some instances, therefore forcing appraisers to work for Appraisal Management Companies〔Note: The National Association of Realtors has some material online that relates to Appraisal Management Companies; see, for example, this web page: http://www.realtor.org/appraisal/nar-issue-brief-appraisal-management-company-qa which seems to be a list of FAQs, with answers. ((SUB-note: That URL does not have a (webcite) "archiveurl" to go with it, because apparently the URL (shown above) lacks the proper kind of suffix to allow the webcite web site, to determine a proper "file type" to go with that web page. However, the Wayback machine does have an (archived copy ) of that web page.)) Here is another web page that is related, and might be of interest: http://www.realtor.org/articles/proposed-rule-issued-on-amcs . Also, a search such as (this ) might yield some more hits, which might also be helpful. USA Today had (this ) article, (dated 06-Dec-2014) entitled "Appraisal hypocrisy hits home", which might help also.〕 that generally pay only 50% of the fee that was once paid to the appraisers. == References == 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Home valuation code of conduct」の詳細全文を読む スポンサード リンク
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