An apparent cyberattack on title company First American is also disrupting life for a significant number of appraisers in Massachusetts thanks to a key piece of appraisal software the company makes.
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.
The local real estate and banking industries are big ships that turn slowly. But when they begin to move, as the many actions featured in this week’s issue of Banker & Tradesman show, the results are impressive.
Today, many of these neighborhoods house Black and immigrant populations that have been excluded from an aspect of the American dream – building wealth through equity. Most recently, the spotlight came down on the role real estate appraisers might play in perpetuating undervaluation of homes in some neighborhoods or owned by people of color.
Massachusetts’ housing appraisers are concerned inaction by Fannie Mae and Freddie Mac is leaving them – and homebuyers – vulnerable to the coronavirus.
The Association for Valuation Professionals announced today that Paul A. Giroux, MRA, the longest tenured member of the MBREA and a member of the Appraisal Hall of Fame, died at the age of 94 on Wednesday.
The Massachusetts Board of Real Estate Appraisers today announced the death of Richard D. Simmons Sr. on Aug. 2. Simmons, 95, was a MBREA past-president and a member of the Appraisal Hall of Fame.
