FHFA identifies “thousands” of potential appraisal bias cases
Realty Biz
DECEMBER 19, 2021
Following a lengthy investigation, the Federal Housing Finance Agency says it has identified thousands of cases of “potential bias” in neighborhood descriptions written by appraisers and used in their home valuation process. “From millions of appraisals submitted annually, a keyword search resulted in thousands of potential race-related flags,” wrote Chandra Broadnax, senior examination specialist, and James Wylie, an associate director, in an FHFA blog post presenting the findings of its resear
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