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Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery; HVCC a problem, Says NAR

Dennis Norman

The best available tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, (expires November 30) and it is essential that Congress extend the credit into 2010, the National Association of Realtors® testified at a hearing of the U.S. House Small Business Committee yesterday.

NAR Regional Vice President Joseph [...]

Freddie Mac addresses appraisal issues in bulletin to servicers

By: Dennis Norman

Appraisals continue to be in the spotlight.  Investors, builders and other sellers are complaining of losing sales due to low appraisals and often cite HVCC (Home Valuation Code of Conduct) or AMC (appraisal management companies) as the problem.  One common complaint is that appraisers are being assigned to do appraisals on transactions in [...]