Tag Archives: appraisal bias

Appraisal bias suit against Rocket Mortgage, Solidifi moves forward

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Judge rules that appraisal independence regulations do not preclude lenders and appraisal management companies from taking action to remedy biased appraisals. Continue reading →

Appraisal Institute rocked by NYT exposé, lawsuits by former execs

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Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive’s alleged sexual harassment of multiple employees. Continue reading →

Trump administration lifts FHA appraisal bias protections

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Lenders no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a “reconsideration of value.” Continue reading →

Name change, budget cuts at top of HUD secretary’s list

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Department of Urban Housing and Development Secretary Scott Turner put budget cuts and a department name change at the top of his list, while fair housing and diversity, equity, and inclusion programs were noticeably absent. Continue reading →

Rocket Mortgage sues HUD over alleged appraisal bias ‘tightrope’

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As part of its defense in an appraisal bias lawsuit, Rocket claims the government is requiring lenders to grant appraisers independence, and then holding them liable if those appraisers engage in discrimination. Continue reading →

Rocket Mortgage sues HUD over alleged appraisal bias ‘tightrope’

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As part of its defense in an appraisal bias lawsuit, Rocket claims the government is requiring lenders to grant appraisers independence, and then holding them liable if those appraisers engage in discrimination. Continue reading →

Rocket Mortgage sues HUD over alleged appraisal bias ‘tightrope’

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As part of its defense in an appraisal bias lawsuit, Rocket claims the government is requiring lenders to grant appraisers independence, and then holding them liable if those appraisers engage in discrimination. Continue reading →

Rocket Mortgage, Solidifi among defendants in appraisal bias suit

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Prosecutors allege appraisal that erased $220,000 from Denver duplex’s value discriminated against Black owner and thwarted her attempt to refinance at lower rates. Continue reading →

HUD: Appraisal that erased $220K in home value was discriminatory

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Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail. Continue reading →

4 ways homesellers can maximize their home’s appraisal value

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Fair housing expert Dr. Lee Davenport says that your low appraisal may have nothing to do with the lack of landscaping. Continue reading →