Quiz: HVCC Guidelines

Since it took effect May 1, 2009, the Home Valuation Code of Conduct (HVCC) has generated significant commentary among real estate professionals, appraisers, and lenders—as well as plenty of uncertainty over exactly what the agreement does and does not allow. The HVCC is a set of guidelines to curb inaccurate appraisals developed by New York Attorney General Andrew Cuomo and the two secondary mortgage market companies Fannie Mae and Freddie Mac, with support from their regulator, the Federal Housing Finance Agency. In general, the guidelines seek to ensure an arm’s length relationship between the lender making a loan and the appraiser who assigns a value to the house. It also sets forth a process for addressing incidences in which appraisal misconduct is suspected. Test how much you know about the new appraisal guidelines.

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MCR CEO Sees "Rich" Acquisition Environment for Hotel Real Estate

Tyler Morse, CEO of MCR Development, joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2015 Washington Leadership Forum.

MCR Development maintains an active renovation platform and is currently renovating approximately 30 hotels in its portfolio. Morse said the firm is focusing on renovations that “impact the consumers most directly.” These include changes to rooms to accommodate personal electronic devices.

Tyler Morse

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