Government Data Shows Growing Racial Gap In Appraisals
Homes in white neighborhoods are assessed at double the value of comparable homes in communities of color.
Tagged: Appraisals
Veros Says It Study Shows AVM Eliminates Racial Bias
Reinforces previous conclusion from its first report that its AVM did not display racial bias.
How Do We Get Bias Out Of Appraisals?
A Baltimore study found appraisers showed bias in valuations and service, favoring white homeowners.
Federal Agencies Announce Threshold for Smaller Loan Exemption
The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.
Appraisers Share Biggest Challenges In Recent NAR Survey
Lack of inventory, declining housing affordability cited most often.
U.S. House Passes VA Appraisal Modernization Legislation
'This legislation is an important first step towards broad modernization of VA appraisal processes.'
Black Knight Launches Tool To Prevent Minority Bias In Appraisals
Appraisal bias has been the subject of discussion on a national level as research shows that inequities in home lending and appraisal processes disproportionately impact communities of color.