Tag Archives: Appraisal bias

The American Enterprise Institute has analyzed the FHFA’s appraisal-level dataset, digging deeper into a selected set of data fields found in appraisal reports. Click through to find out some of AEI’s findings regarding valuation bias.

The Federal Financial Institutions Examination Council’s Appraisal Subcommittee will host a panel of federal officials discussing residential appraisal review, and how to better understand the challenges and potential solutions related to appraisal bias.

New partnership will increase education, outreach, and efforts geared to tackle appraisal bias and discrimination in the housing marketplace.

A series of actions set forth by the Biden Administration aims to strike out appraisal bias and level the playing field in building generational wealth via homeownership.

The FHFA will host a hybrid hearing of the Appraisal Subcommittee exploring the appraisal regulatory system focusing on appraisal standards, appraiser qualification criteria, and barriers to entry into the profession, appraisal practice and State regulation.

The MBA has filed an amicus brief arguing against lenders being held liable for the actions of independent appraisers in instances where bias is concerned.

Donation to the Appraiser Diversity Initiative will address the lack of racial, ethnic, and gender diversity in appraisal field.

Fannie Mae’s Jake Williamson and Appraisal Institute President Craig Steinley share their perspective with MReport about how the industry is working to improve the appraisal process in 2023.

“HUD is committed to making the appraisal process fair nationwide. We must eliminate bias in home valuations so that everyone can equally reap the benefit of wealth—and intergenerational wealth—that come along with homeownership,” said HUD Secretary Marcia L. Fudge.

“It is crucial to utilize professional-grade AVMs that can help identify potential racial bias in home valuations and to flag concerns of potential undervaluation of minority-owned properties,” said Eric Fox, Chief Economist at Veros.