Update from Shane Lanham

[Fernando]

Well I hope it's full waivers Ms. Pressley. No need for whitewashing, taking care of deffered maintenance, worrying about safety release latches for the bars on the windows. We'll just let the lender bear the full responsibility of what the value of your home is.

Another legislative act which puts more liability on appraisers. At this rate, only the poor appraisers can afford to continue appraising.

 

[djd09]

On National Housing Day, Pressley Unveils Bill to Promote Equity, End Bias in Home Valuations​

Studies Have Shown that Systemic Bias in Home Appraisal Processes Disadvantages Families of Color

“Lawyers for Civil Rights applauds Representative Pressley’s Appraisal Modernization Act, which aims to bring accountability, transparency, and fairness to the home appraisal process. Combating bias in home valuations is a key step towards closing the racial wealth gap and addressing discrimination against homeowners of color. It is past time that we begin to level the playing field by ensuring that all families have the same opportunity to build generational wealth through homeownership.” – Jillian Lenson, Senior Attorney, Lawyers for Civil Rights

“An appraisal has the power to determine the value of a consumer’s most important financial asset and can hold the key to determining whether the consumer is able to purchase a permanent home rather than rent, access credit on reasonable terms, and build wealth for generations to come,” said Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA). “NFHA commends Rep. Pressley and her colleagues for a common-sense bill designed to provide consumers with consistent standards for obtaining a fair and accurate home valuation.”

“The long history of bias in home appraisals has denied entire communities the full advantages of intergenerational wealth-building and economic development. The neighborhood impacts hurt everyone: renters, homeowners, and prospective homeowners alike. NLIHC applauds Rep. Pressley for addressing this injustice by introducing the Appraisal Modernization Act in the House.” – David Gonzalez Rice, Senior Vice President for Public Policy, National Low-Income Housing Coalition

“Fair housing requires fair appraisals,” said Demetria McCain, Director of Policy at the Legal Defense Fund. “Black households have been callously discriminated against in home appraisals, preventing them from building wealth and limiting their ability to start a business, pay for their children’s education, and access other economic opportunities. Appraisal discrimination has no place in the housing ecosystem. We are pleased at the introduction of this bill and urge the House to swiftly pass it.”

“For too long, biased appraisals have robbed families — especially Black and Brown families — of the opportunity to buy homes, build stability, and create generational wealth,” said Sakira Cook, Federal Policy Director at the Southern Poverty Law Center. “The Appraisal Modernization Act is a crucial step toward correcting decades of discrimination by bringing long-overdue transparency and accountability to the process. We applaud Congresswoman Pressley, Senator Warnock, and their colleagues for advancing this essential legislation to ensure every family is treated fairly — and that future generations can fully participate in the promise of homeownership.”

 

[Fernando]

On National Housing Day, Pressley Unveils Bill to Promote Equity, End Bias in Home Valuations​

Studies Have Shown that Systemic Bias in Home Appraisal Processes Disadvantages Families of Color

Why isn't Appraisal Institute defending appraisers there is no systemic bias in home appraisals?
Or maybe their internal analysis does indicate systemic bias and keeping quiet.

 

[djd09]

https://twitter.com/x/status/2000673733023821884

 

[Surf Cat]

https://twitter.com/x/status/2000673733023821884

Dang..... that girl looks like a raccoon. Ease up on the makeup Taya....