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Articles

NFHA's President and CEO Discusses Groundbreaking Report on Appraisal Bias in Real Estate (ABC7 San Francisco)

A groundbreaking report released by the National Fair Housing Alliance on January 19, 2022, is calling for sweeping reforms in the appraisal industry and highlights a lack of diversity in the field, among other challenges.

Articles

LendingTree: "32% of Black Homeowners Believe Their Home’s Value Was Unfairly Appraised"

Written byDENNY CEIZYK | Edited by DAN SHEPARD and PEARLY HUANG Updated on: February 15, 2022 | READ THE FULL ARTICLE HERE Black Americans frequently face challenges achieving homeownership, even in areas with large Black populations, according to a 2021 LendingTree study. Those fortunate enough to overcome financial hurdles to become homeowners may face a different […]

Articles

CFPB: "Appraisal discrimination is illegal under federal law"

Patrice Alexander Ficklin | Feb. 4, 2022 View the full blog on CFPB’s website Home ownership is one of the best paths for building intergenerational wealth. But for some homebuyers and owners, a home’s valuation may be skewed by one’s skin color or the demographics of the surrounding community. A biased home appraisal can worsen […]

Documents

DOJ, HUD, FHFA, Federal Financial Regulators Comment Letter to The Appraisal Foundation

February 4, 2022

Documents

Statement of Interest on Appraisal Discrimination, Department of Justice

March 25, 2022

Reports & Research

Identifying Bias and Barriers, Promoting Equity: An Analysis of the USPAP Standards and Appraiser Qualifications Criteria

The appraiser has the power to determine the value of a mortgage borrower’s most important financial asset, which can hold the key to determining whether that borrower’s family can purchase a permanent home rather than rent, access credit on reasonable terms, or build wealth for their family and generations to come. Over time, Americans have […]