On April 6, 2010, the National Association of REALTORS (NAR)^® President Vicki Cox Golder sent a letter to Federal Housing Finance Agency (FHFA) Interim Director Edward J. DeMarco asking that the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, implement the Independent Valuation Protection Institute (IVPI).

"Stating that the IVPI is a critical part of the HVCC, NAR said that it would complement already existing appraisal regulatory bodies at the state and federal levels.  The IVPI should be implemented to fulfill the implementation of HVCC and to help address unintended consequences created by the Code.  Further, the IVPI will be positioned to work with appraisal organizations and state regulatory agencies to ensure the independence of appraisers and the integrity of the appraisal process."

Source: NAR Appraisal Insight Blog