Fannie Mae is working with the Federal Housing Finance Agency (FHFA) to develop and adopt appraiser independence requirements that will replace the Home Valuation Code of Conduct (HVCC). Until the revised requirements are released, the existing HVCC provisions in the Fannie Mae Selling Guide continue to apply. Updated requirements are expected to be substantially similar to the current provisions. Fannie Mae expects to announce the revised appraiser independence requirements in an upcoming Selling Guide announcement. For more information regarding these developing requirements, please click here.
