Allegations of Appraiser racism

[NC Appraising]

Appraisals undervalue refis for Black borrowers: Fannie Mae

The researchers found that the disparities that emerged from the analysis of 1.8 million appraisals from 2019 and 2020 were statistically significant.

www.nationalmortgagenews.com

Appraisal gaps are more prevalent in Black, Latino areas: Freddie Mac

The difference between purchase contract prices and valuations was consistently wider than in white neighborhoods, according to a recent analysis of 12 million appraisals from the Uniform Collateral Data Portal.

www.nationalmortgagenews.com

It never stops.

I guess we are giving Asians and Indians (from India) a free pass.....never hear about those groups being targeted.
Sorry, I missed this: https://www.pbs.org/newshour/education/supreme-court-to-hear-challenge-to-race-in-college-admissions
The court said it will take up lawsuits claiming that Harvard University, a private institution, and the University of North Carolina, a state school, discriminate against Asian American applicants.

Personal responsibility?

 

[Mejappz]

Low energy Jim Parks and the corrupt ASC blaming appraisers.

Appraisers Blogs - Appraisal News and Tips for Real Estate Appraisers

Appraisal news, discussions of appraisal issues, appraisers opinions, and technology solutions for real estate appraisers

appraisersblogs.com

 

[Elliott]

From The Appraiser Blog (above):

The conclusion from the 84-page report: "An appraiser has the unique power to determine the value of a home, which for most Americans, is their single most important financial asset and holds the key to wealth, stability, and opportunity for their family and generations to come."

So guys, after you've inspected the house and you've been given enough information about the property involving people with 'equity' issues. That's when you take it on yourself to correct the problem and make things better. Your job is to help some out because it is, as you know, the single most important financial asset that holds wealth and opportunity for that family. Nudge those numbers to make it right.

But wait there's more:

....."16 local Assessors across the US have requested to FHFA that the GSE’s UAD property rating data be provided to Assessors, with the belief that UAD will help them be more accurate in their local tax assessments."

So don't go and tell the HO that the information isn't be sent to the Assessor. Yeah FHFA and GSE's get all the private information from that refi, probably the pictures too. Big Government on the March.

--I happened to catch the new FHFA director get asked softball questions by the Senate committee. "So after 13-years how are you coming in getting the GSE's out of the their conservatorship?" "We'll we are still looking for some direction from Congress." "So what isn't clear about how you were to take them out of conservatorship?" "We are still looking for direction from Congress."

 

[OSU Beavers]

These jokers are putting on a Zoom event tomorrow if anyone wants to chime in:

Home Mortgage Lending During the Pandemic

Interest rates hit historic lows in 2020. Who benefited? Were BIPOC communities able to take advantage?

www.eventbrite.com

I've got work.