The inspector general said FHFA should formally file complaints about appraisal bias with state regulators. A new report from the Office of Inspector General (OIG) for the Federal Housing Finance ...
The home appraisal process aims to be fair and objective. By law, home appraisers should never consider race, national origin, gender or religion when estimating the value of a property. Yet homes in ...
“Why did I let myself forget that I live in America as a Black person?" This report is part of "Turning Point," a groundbreaking series by ABC News examining the racial reckoning sweeping the United ...
Bias in the appraisal process strips homeowners of wealth and hurts the values of neighboring homes. Studies show that homes in areas with mostly residents of color are often undervalued compared to ...
AVM stands for automated valuation model, a computer algorithm that uses available data to estimate a home’s value. Different ...
During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech ...
For all the talk about how critical it is to end biased and discriminatory language in home appraisals, there was little mention of how it would be accomplished during the GSE Update session at the ...
Carlette Duffy's tidy, three-bedroom home is in a historic Black neighborhood in Indianapolis. It has been completely renovated and sits across the street from a park and lush greenspace. She bought ...
On March 23 rd, the Interagency Task Force on Property Appraisal and Valuation Equity, which is composed of thirteen federal agencies and offices, released its report entitled “Action Plan to Advance ...