The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the ...

Explore how racial bias affects home appraisals, leading to devaluation and $156B in losses, and discover proposed solutions for equitable valuation.

Building on the 2021 announcement of the Interagency Task Force on Property Appraisal and Valuation Equity (“PAVE”) and a series of federal agency actions in the intervening months, 2024 brings new ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. The number of real estate appraisers basing a property's ...

Add Yahoo as a preferred source to see more of our stories on Google. Evidence in home price evaluations demonstrates racial bias in the appraisal process, leading to Black homes often being ...

The lender and consumers reached a settlement in an appraisal bias case, Nathan Connolly and Shani Mott v. Shane Lanham, 20/20 Valuations, LLC, and loanDepot.com, LLC, filed in Maryland District Court ...

A new pilot program at American University is trying to diversify the real estate industry and tackle appraisal bias. Across the landscape, the American dream can loom large, anchored by homeownership ...

Chicago appears to be turning the page on racial bias in real estate appraisals. The number of appraisals skewed by racial discrimination decreased by 80 percent between between 2021 and 2023, Crain’s ...

One of the country’s largest mortgage lenders settled a lawsuit with a college professor in Maryland, agreeing to policy changes the professor says are a fitting legacy to his late wife. Johns Hopkins ...

Eliminating appraisal bias from the housing market has seemingly been all but impossible. The appraisal industry, which is overwhelmingly white, is attempting to diversify. Government officials have ...

Fair lending and appraisal bias remain a continued focus for financial regulators. Creating a strong compliance framework in this area is paramount for mortgage lenders. This year, a national mortgage ...

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. Court documents filed on March 22 show that ...