The Federal Housing Administration has no plans to implement the Home Valuation Code of Conduct, Commissioner David Stevens told a delegation from the National Association of Mortgage Brokers.
I'll see if I can find the whole speech.
Tuesday, August 25, 2009
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This news item seems to be in the spirit of "the more things change the more things stay the same"...HVCC threatens the feeding frenzy in low priced housing...the FHA/US government have now become a pbulic, taxpayer funded version of Angelo Mozillo...FHA loans are once again turing low priced housing into essentially costless at-the-money call options
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