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The Home Valuation Code of Conduct (HVCC) is the result of a joint agreement between Freddie Mac, The Federal Housing Finance Agency (FHFA), and The New York State Attorneys General to enhance the independence and accuracy of the appraisal process, and provide added protections for homebuyers, mortgage investors, and the housing market. Effective May 1st, 2009, Freddie Mac will no longer purchase martgages from sellers that do not adopt the code (HVCC) with respect to single-family mortgages that are delivered to Freddie Mac. Also, effective for single-family mortgages with loan application dates on or after May 1st, 2009, Freddie Mac seller/services must represent and warrant that the appraisal report is obtained in a manner consistant with the code. For more information: Download HVCC fact sheet Download the Home Valuation Code of Conduct |
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