In a new article jointly authored by the Federal Home Loan Bank of San Francisco and the Urban Institute, new research examines the effects of Artificial Intelligence (AI) in helping level the playing field for minorities and borrowers of color, with the ultimate goal of advancing racial equity in homeownership.
Read More »Report: Could Appraisal Bias Be Explained by Other Factors?
A new report from the American Enterprise Institute found multiple pitfalls in current governmental and GSE data and recommends that they turn their eye to individual appraisers to get a better picture of potential racial bias.
Read More »Appraisal Bias: By the Numbers
Addressing the issue of appraisal bias is critical, and Jeffrey Hogan of Veros explains what can be done to identify and prevent this problem.
Read More »Report Examines Barriers Standing in the Way of Black Homeownership
“It is the sacred duty of community leaders, policy makers, and financial industry specialists to lift communities so that all children can thrive and grow up with opportunities for good health, wealth, and happiness in their lives,” said NAREB President Lydia Pope.
Read More »Properties in Minority Areas Still Suffering From Racial Undervaluation
“The Brookings Institute showed a robust relationship between lower valuations and Black neighborhoods,” wrote Jonathan Liles, Senior Financial Analyst for the FHFA.
Read More »New AVM Found to be Free of Racial Bias
“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.
Read More »Automated Valuation Models To Help Identify Home Appraisal Bias
According to a new study released today by Veros Real Estate Solutions (VEROS), Automated Valuation Models, or AVMs, may be the solution necessary to identify potential racial bias ...
Read More »Fannie Mae Examines Appraisal Inequality
In breaking down 1.8 million appraisals over 2019-2020, the GSE investigates divergent appraisal values among Black and white borrowers.
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