To help enhance the integrity of the home appraisal process in the mortgage finance industry, in March 2008, Fannie Mae entered into an agreement with our regulator—the Federal Housing Finance Agency (then the Office of Federal Housing Enterprise Oversight)—and the New York Attorney General's office to adopt certain policies relating to appraisals for loans delivered to us.

Following a public comment period, the Home Valuation Code of Conduct has been modified and will be effective for single-family mortgage loans (except government-insured loans) that are originated on or after May 1, 2009, and delivered to Fannie Mae.

For implementation details and supporting information, please refer to the Announcement and FAQs.

• Home Valuation Code of Conduct (.pdf, 31K, 6 pages)
• Announcement 09-01, Home Valuation Code of Conduct (.pdf, 41K, 2 pages)
• FAQs (.pdf, 39K, 6 pages)