Filtered by tag: Diversity Remove Filter

Non-white and LGBTQ+ Americans Face Discrimination When House Hunting: Report

Originally published on September 28, 2023, by Kenneth Applewhaite for Redfin.

Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they may have been discriminated against. That’s according to a survey from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher for Hispanic Americans: 36% experienced discrimination and an additional 22% believe they may have been discriminated against.

Read More

OCC Plans to Review Fair Lending, Appraisal Bias in 2024

Originally published on September 28, 2023, by Stephanie Collins for the Office of the Comptroller of the Currency.

The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2024.

Read More

Some Lenders Discriminated Against Protected Classes: CFPB

Originally published in July 2023 by the Consumer Financial Protection Bureau. 

The Consumer Financial Protection Bureau stated in a July 26 supervisory highlights report that it found some mortgage lenders violated the Equal Credit Opportunity Act by discriminating against borrowers in protected classes, such as race, national origin, sex and age. The CFPB directed lenders to review, identify and provide relief to any applicant negatively affected by these violations.

Read More

Racial bias often creeps into home appraisals. Here's what's happening to change that

Originally published on March 13, 2023, by Jennifer Ludden for NPR.

Years of homeowner horror stories and a growing body of research has cast a harsh light on how frequently racial bias can skew home appraisals. It's an industry that's dominated by white men whose methods for valuing homes haven't changed much in decades.

Read More

Appraisal Institute Releases Podcast on the Appraiser Diversity Initiative

Originally aired on November 4, 2022, by Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS for the Appraisal Institute's Face Value.

The Appraisal Institute on Nov. 4 released its latest episode of the Face Value podcast, “Appraiser Diversity Initiative: Helping Aspiring Appraisers Find a Path to Success.” Host Tonia Vailas, MAI, AI-GRS, chats with Bill Garber, director of government and external relations for AI, and two AI professionals about the Appraiser Diversity Initiative, their personal experiences with the program, and how to get involved.

Listen Now

Women, Millennials Driving Black Homeownership: Realtor.com

Originally published on February 9, 2022, Jiayi Xu for Realtor.com.

Highlights

Black homebuyers:

Read More