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.
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.
CFPB to Consider Rules for Automated Home Appraisals
Citing concerns about biases in automated home appraisal models, the Consumer Financial Protection Bureau could create rules to ensure that computer models determining home valuations are accurate and fair. The CFPB said in a statement yesterday that it has created...
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.
