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 ...

While the mortgage industry continues to evaluate the nature and extent of bias in the home appraisal process, no one has yet come up with a solution for detecting and addressing it. Our Financial ...

Expanded rules for appraisal waivers take effect on purchase transactions starting the first quarter of 2025. Announcements were made on October 28, 2024 by Fannie Mae and Freddie Mac, as well as the ...

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. Black ...

Home appraisals are critical to the home buying and selling process. While they’re one of the best opportunities for an objective party outside the deal to assess a home’s true value, they can also ...

SANTA ANA, Calif.--(BUSINESS WIRE)--Automated Valuation Models, or AVMs, can be the solution needed to identify potential racial bias in home appraisals, according to a study released today by Veros ...