Reducing Valuation Bias by Addressing Appraiser and Property Valuation Commentary
Examples from FHFA Review
By Chandra Broadnax and James Wylie
Examples of overt references to race, ethnicity, and other prohibited bases under federal fair lending laws in appraisals and other property descriptions persist, indicating the continued presence of valuation bias. Ongoing failure to address appraiser consideration of prohibited factors like race, as indicated by prohibited basis commentary within the free-text...
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