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Federal Agency Hub
Many agencies in the Federal Government are rich with information and opportunity
for Real Estate Appraisers. This section provides information explaining the mission
and purview of these agencies, identifies the key contacts at the agency for appraisal
related issues, summarizes important appraisal-related laws and regulations implemented
by the agency, and also provides links to the latest news and views.
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to Federal Agency Index
Employee Benefits Security Administration
Elaine Chao
Chairman
1200 K Street, NW
Washington, DC 20005
T 202-693-6000
www.pbgc.gov
About the Employee Benefits Security Administration
The Employee Benefits Security Administration (EBSA) is committed to educating and
assisting over 200 million pension, health and other employee benefit plan participants
and beneficiaries and more than 3 million plan sponsors and members of the employee
benefit community. EBSA promotes voluntary compliance and facilitates self-regulation,
working diligently to provide quality assistant to plan participants and beneficiaries.
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Environmental Protection Agency
Christine Todd Whitman
Administrator
1200 Pennsylvania Avenue, NW
Washington, DC 20460
T 202-564-4700
www.epa.gov
Lead Agencies/Offices
Climate Protection Partnerships Division
Key Appraisal Contact
Carol May
Climate Protection Partnerships Division
T 202-564-9787
may.carol@epa.gov
About the Environmental Protection Agency
EPA Climate Protection Partnerships Division
The EPA CPPD works with builders and building industry professionals to institute
energy efficient building practices. EPA strives to reach out to all parties involved
in the sales process, including lenders, realtors, sales people, investors, the
secondary mortgage market, among others, to educate them about the value of energy
efficient buildings and products.
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Fannie Mae
Franklin D. Raines
Chairman and Chief Executive Officer
3900 Wisconsin Avenue, N.W.
Washington, DC 20016
T 202-752-7000
www.fanniemae.com
www.efanniemae.com
Key Appraisal Contact
Mark Simpson
T 202-752-7526
mark_t_simpson@fanniemae.com
About Fannie Mae
Fannie Mae is a private, shareholder-owned company that works to make sure mortgage
money is available for people in communities all across America. Congress created
Fannie Mae in 1938 to bolster the housing industry during the Depression.
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Federal Deposit Insurance Corporation
Donald Powell
Chairman
1700 Pennsylvania Avenue, NW
Washington, DC 20429
T 202-898-6974
www.fdic.gov
Key Appraisal Contact
Steven D. Fritts
Associate Director, Risk Management/Examination Support
sfritts@fdic.gov
About the Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation's mission is to maintain the stability
of and public confidence in the nation's financial system. To achieve this goal,
the FDIC was created in 1933 to insure deposits and promote safe and sound banking
practices.
Laws and Regulations Impacting Real Estate Appraisers
Financial Institutions Reform, Recover and Enforcement Act of 1989
Requires that real estate appraisals utilized in connection with federally related
transactions are performed in writing, in accordance with uniform standards, by
individuals whose competency has been demonstrated and whose professional conduct
will be subject to effective supervision.
Truth in Lending Act of 1968
http://www4.law.cornell.edu/uscode/15/1601.html
Requires a copy of an appraisal be made available to all consumers within 30 days
of written request
Homeowners Protection Act of 1998
Provides for the cancellation of private mortgage insurance
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Federal Emergency Management Agency
Joe Albaugh
Director
500 C Street, SW
Washington, DC 27472
T 202-646-3923
www.fema.gov
About the Federal Emergency Management Agency
The Federal Emergency Management Agency is an independent agency reporting to the
President and tasked with responding to, planning for, recovering from and mitigating
against disaster. President Jimmy Carter's 1979 executive order merged many of the
separate disaster-related responsibilities into a new Federal Emergency Management
Agency (FEMA). Among other agencies, FEMA absorbed: the Federal Insurance Administration,
the National Fire Prevention and Control Administration, the National Weather Service
Community Preparedness Program, the Federal Preparedness Agency of the General Services
Administration and the Federal Disaster Assistance Administration activities from
HUD. Civil defense responsibilities were also transferred to the new agency from
the Defense Department's Defense Civil Preparedness Agency.
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Federal Reserve System
Alan Greenspan
Chairman
20th Street and Constitution Avenue, NW
Washington, DC 20551
T 202-542-3501
www.federalreserve.gov
Key Appraisal Contact
Virginia Gibbs
Senior Supervisory Financial Analyst
T 202-452-2521
gibbsv@frb.gov
About the Federal Reserve
The Federal Reserve, the central bank of the United States, was founded by Congress
in 1913 to provide the nation with a safer, more flexible, and more stable monetary
and financial system. Today the Federal Reserve's duties fall into four general
areas: (1) conducting the nation's monetary policy; (2) supervising and regulating
banking institutions and protecting the credit rights of consumers; (3) maintaining
the stability of the financial system; and (4) providing certain financial services
to the U.S. government, the public, financial institutions, and foreign official
institutions.
Laws and Regulations Impacting Real Estate Appraisers
Financial Institutions Reform, Recover and Enforcement Act of 1989
Requires that real estate appraisals utilized in connection with federally related
transactions are performed in writing, in accordance with uniform standards, by
individuals whose competency has been demonstrated and whose professional conduct
will be subject to effective supervision.
Truth in Lending Act of 1968
http://www4.law.cornell.edu/uscode/15/1601.html
Requires a copy of an appraisal be made available to all consumers within 30 days
of written request
Homeowners Protection Act of 1998
Provides for the cancellation of private mortgage insurance
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Federal Trade Commission
Timothy Muris
Chairman
600 Pennsylvania Avenue, NW
Washington, DC 20580
T 202-326-2100
www.ftc.gov
Key Appraisal Contact
Joel Winston
Associate Director, Division of Financial Practices
T 202-326-3153
jwinston@ftc.gov
About the Federal Trade Commission
The Federal Trade Commission enforces a variety of federal antitrust and consumer
protection laws. The Commission seeks to ensure that the nation's markets function
competitively, and are vigorous, efficient, and free of undue restrictions. The
Commission also works to enhance the smooth operation of the marketplace by eliminating
acts or practices that are unfair or deceptive. In general, the Commission's efforts
are directed toward stopping actions that threaten consumers' opportunities to exercise
informed choice. Finally, the Commission undertakes economic analysis to support
its law enforcement efforts and to contribute to the policy deliberations of the
Congress, the Executive Branch, other independent agencies, and state and local
governments when requested.
Laws and Regulations Impacting Real Estate Appraisers
Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley)
Sets requirements for use of non-public personal information by lending institutions
and third parties
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Freddie Mac
Leland C. Brendsel
Chairman and Chief Executive Officer
8200 Jones Branch Drive
McLean, VA 22102
T 703-903-2000
www.freddiemac.com
Key Appraisal Contact
Robert L. Parson
T 571-382-3456
Robert_Parson@freddiemac.com
About Freddie Mac
Congress created Freddie Mac in 1970 to ensure a stable and reliable supply of mortgage
money nationwide. Money is raised in the world’s capital markets to buy loans from
lenders across the country. The result is that America’s families have access to
low cost mortgage money available to make the American Dream a reality.
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General Services Administration
Lurita A. Doan
Administrator
18th and F Streets, NW
Washington, DC 20405
T 202-501-0800
www.gsa.gov
Key Appraisal Contact
Nicholas S. Hufford, MAI, CAE
Property Utilization and Disposal
T 202-501-2055
nicholas.hufford@gsa.gov
About the General Services Administration
The GSA Office of Property Disposal conducts sales of surplus federal real property
nationwide through negotiated sales to public bodies and through public sales. Sales
prices are supported by approved appraised value obtained by PR’s appraisal staff.
The assignments often involve unique and complex properties such as federal buildings.
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National Credit Union Administration
Dennis Dollar
Chairman
1775 Duke Street
Alexandria, VA 22314
T 202-518-3600
www.ncua.gov
Key Appraisal Contact
Larry Fazio
Vice President, Central Liquidation Facility
lfazio@ncua.gov
About the National Credit Union Administration
The National Credit Union Administration, governed by a three-member board appointed
by the President and confirmed by the U.S. Senate, is the independent federal agency
that charters and supervises federal credit unions. NCUA, with the backing of the
full faith and credit of the U.S. government, operates the National Credit Union
Share Insurance Fund (NCUSIF), insuring the savings of 80 million account holders
in all federal credit unions and many state-chartered credit unions.
Laws and Regulations Impacting Real Estate Appraisers
Financial Institutions Reform, Recover and Enforcement Act of 1989
Requires that real estate appraisals utilized in connection with federally related
transactions are performed in writing, in accordance with uniform standards, by
individuals whose competency has been demonstrated and whose professional conduct
will be subject to effective supervision.
Truth in Lending Act of 1968
http://www4.law.cornell.edu/uscode/15/1601.html
Requires a copy of an appraisal be made available to all consumers within 30 days
of written request
Homeowners Protection Act of 1998
Provides for the cancellation of private mortgage insurance
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Securities and Exchange Commission
Vacant
Chairman
450 5th Street, NW
Washington, DC 20549
T 202-942-0100
www.sec.gov
Key Appraisal Contact
Samuel L. Burke
Associate Chief Accountant
T 202-942-4400
burkes@sec.gov
About the Securities and Exchange Commission
The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect
investors and maintain the integrity of the securities markets. As more and more
first-time investors turn to the markets to help secure their futures, pay for homes,
and send children to college, these goals are more compelling than ever.
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Small Business Administration
Hector Barreto, Jr.
Administrator
409 3rd Street, SW
Washington, DC 20416
T 202-205-6605
www.sba.gov
Key Appraisal Contact
James Hammersley
Director, Loan Programs Division
T 202-205-6490
james.hammersley@sba.gov
About the Small Business Administration
In the Small Business Act of 1953, Congress created the Small Business Administration,
whose function was to "aid, counsel, assist and protect, insofar as is possible,
the interests of small business concerns." The charter also stipulated that the
SBA would ensure small businesses a "fair proportion" of government contracts and
sales of surplus property.
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