Home Valuation Code of Conduct or simply known as HVCC is a new implementation regulated by the federal government that makes sure the downfall felt with the subprime crisis will never again happen in the contemporary real estate industry. HVCC was recently created to cater to issues affecting the mortgage or lending sector particularly in terms of home appraisal. Studies and analysis show that the occurrence of subprime crisis as well as the credit crunch that follows is due to the overpricing and inaccurate home appraisal system conducted in the previous years.
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HVCC - Its Essence and Significance For Consumers
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