AIR Appraisal Guidelines – What to Know
The Appraisal Independence Requirements (AIR) were developed by Fannie Mae, the Federal Housing Finance Agency (FHFA), Freddie Mac, and key industry participants to replace the Home Valuation Code of Conduct (HVCC). They were implemented on October 15, 2010. The purpose of AIR is to provide important protections for mortgage investors, home buyers, and the housing …