Description

The National Association of Mortgage Brokers (NAMB) called on its members to lobby their Senators and / or Representatives to halt the Home Valuation Code of Conduct.

This was set to be implemented May 1.

After recently dumping its lawsuit against the FHFA over the proposed changes, the NAMB stepped up its political fight against the key appraisal changes.

The agreement eliminates mortgage broker-ordered appraisals, prohibits appraiser coercion, and reduces the use of in-house appraisals and captive appraisal management companies.