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Rising Resistance to GSE HVCC Results in Legislation
The residential mortgage finance industry has been able to leverage growing industry dissatisfaction with the Home Valuation Code of Conduct into the introduction of federal legislation that would impose an 18-month moratorium on the controversial code, which has been administered by Fannie Mae and Freddie Mac since its May 1 effective date. Late last week, Reps. Travis Childers, D-KS, and...
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