Bill would combat appraisal bias with new agency, public GSE database
Bill would combat appraisal bias with new agency, public GSE database
A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation, and replace it with an independent federal agency.
The post Bill would combat appraisal bias with new agency, public GSE database appeared first on HousingWire.
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A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation, and replace it with an independent federal agency.
The post Bill would combat appraisal bias with new agency, public GSE database appeared first on HousingWire.
A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation, and replace it with an independent federal agency.
The post Bill would combat appraisal bias with new agency, public GSE database appeared first on HousingWire.
To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5.
The post Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines appeared first on HousingWire.
To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5.
The post Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines appeared first on HousingWire.
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.“We looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,” Research Economist Reena Agrawal, said in an interview about the report sh...
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.“We looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,” Research Economist Reena Agrawal, said in an interview about the report sh...
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.
The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.
The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
Dive Brief:
Massachusetts recently became the 29th state or territory in the U.S. to have its own employee and health agency. The Department of Labor gave initial approval to the plan, which will be responsible for protecting state and local government workers, OSHA announced.
The program applies to more than 430,000 employees of the state and government municipalities such as counties, townships and school districts. The plan took effect Aug. 18.
Massachusetts joins Illinois, Maine, New Jersey...
Dive Brief:
Massachusetts recently became the 29th state or territory in the U.S. to have its own employee and health agency. The Department of Labor gave initial approval to the plan, which will be responsible for protecting state and local government workers, OSHA announced.
The program applies to more than 430,000 employees of the state and government municipalities such as counties, townships and school districts. The plan took effect Aug. 18.
Massachusetts joins Illinois, Maine, New Jersey...
VaCAP has been informed of a Discussion Draft of a Bill introduced into the US House of Representatives that will directly impact every appraiser, appraiser trainee, appraisal firm, and appraisal management company. From the discussion draft, the purpose of the Bill: “To establish an independent agency to be known as the Federal Valuation Agency and real estate valuation standards and appraiser criteria, including promoting a fair, unbiased, transparent, repeatable valuation process, and for ...
VaCAP has been informed of a Discussion Draft of a Bill introduced into the US House of Representatives that will directly impact every appraiser, appraiser trainee, appraisal firm, and appraisal management company. From the discussion draft, the purpose of the Bill: “To establish an independent agency to be known as the Federal Valuation Agency and real estate valuation standards and appraiser criteria, including promoting a fair, unbiased, transparent, repeatable valuation process, and for ...