News

This year’s report follows up on whether the FHFA addressed examples of valuation bias they found. The OIG found that, throughout all of 2022, the FHFA made 17 referrals and provided 25.6 million ...
So, another appraisal was ordered. The second appraisal came back at 1.3 million, but it was still lower than their total construction costs by nearly $500,000 dollars.
Rolling back PAVE signals a return to evidence-based housing policy and a rejection of flawed claims of systemic appraisal ...
Family claims racial bias affected housing appraisal because of wife's race: Part 1 After receiving a low appraisal, Abena Horton, who is Black, and her husband, who is white, asked for a second ...
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.
Home appraisal discrimination is also called appraisal bias. Put simply: It's assigning a lower value to a home because of the race of the person who lives there, and it can happen consciously or ...
Last week, its task force on property appraisal and valuation equity hosted a closed-press industry listening session with 70 leaders from industry, advocacy, fair housing and academia organizations.
Black couple says home value was underestimated by half a million dollars because of their race A Black couple settled a federal housing discrimination lawsuit with a White licensed real estate ...
The first appraisal came back at $125,000 and she was shocked. After an independent market analysis estimated her home at $187,000, she tried again. "Then to get the second one and it's $15,000 ...
A 20 per cent increase in judicial review challenges this year has been identified as a key barrier to timely completion of ...