The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

@inproceedings{Ding2014TheIO,
  title={The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes},
  author={Lei Ding and Leonard I. Nakamura},
  year={2014}
}
Supersedes Working Paper 14-23. The accuracy of appraisals came into scrutiny during the housing crisis, and a set of policies and regulations was adopted to address the conflict-of-interest issues in the appraisal practices. In response to an investigation by the New York State Attorney General’s office, the Home Valuation Code of Conduct (HVCC) was agreed to by Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency. Using unique data sets that contain both approved and nonapproved… CONTINUE READING