Fannie Mae ‘Moving Away’ from Appraisal Requirements
Saying it needs to modernize the way it values properties, Fannie Mae announced significant changes yesterday to the appraisal process for single-family mortgages it buys on the secondary market.
Appraisal Ethics Rule Revamp Delayed
An important revamp of the appraisal industry’s standards guidelines – including an important update to an ethics policy meant to address racial bias concerns – has been delayed by a full year.
Feds Target Bias in Home Appraisals
The real estate appraisal industry could be in for some significant changes as the Biden administration looks to make good on a campaign pledge to root out racial discrimination in the housing industry.
Biden Admin to Release Plan to Stop Bias in Home Appraisals
Vice President Kamala Harris will announce an action plan to stop racial discrimination in the appraisal of home values, according to senior Biden administration officials.
Realtor.com, Redfin Say ‘No’ to Crime Stats on Listings Sites
Both companies said they were concerned crime statistics on listings pages promoted racial bias and may not be reliable.
