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Home Values

Are new regulations causing home prices to decline?

Since May 1st, 2009, all mortgage loans that were sold to Fannie Mae or Freddie Mac, the government run mortgage giants, have had to comply with a new regulation, the HVCC, or Home Valuation Code of Conduct.  This regulation is leading to an unintended consequence of declining home values. The regulation, along with lender’s underwriting [...]

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