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A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.
December 14 -
One in eight appraisal-related fees are covered by lenders, a survey conducted by Stratmor Group found.
August 9 -
Nationwide Property & Appraisal Services announced Friday the purchase of Integrity Appraisal Management.
July 7 -
Under guidelines proposed this month, credit unions would see changes in the quality standards for computer-generated appraisal systems, along with when and how financial institutions and consumers can request reconsiderations of value.
June 22 -
Six regulatory agencies are seeking public comment on a proposed rule that would establish best practices for using automated valuation models to assess collateral.
June 2 -
In an amicus brief, the trade group voiced concern over a statement recently provided by government agencies in a lawsuit involving loanDepot.
April 24 -
The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.
April 6 -
The government-sponsored enterprise took the next step towards allowing lenders to implement its property valuation modernization plans.
March 21 -
The filing is the most recent accusation of discrimination in the field, an issue that has drawn attention from the White House last year.
March 1 -
Its "enhanced" oversight procedures now include a multilayered review process and if discriminatory bias is confirmed, an appraiser "will be subject to removal," the department said
January 24