‘Thousands of Potential Race-Related Flags’: Biden Administration Wants to Root Out Racial Bias in Home Appraisals–But Research Suggests It’s Endemic

MarketWatch, March 28, 2022–Jacob Passy
The Biden administration has laid out a sweeping plan that aims to increase oversight of the real-estate appraisal industry in an effort to reduce the frequency of racially biased home valuations. Mortgage Bankers Association President and CEO Bob Broeksmit welcomed the report’s release, but cautioned that government agencies should “provide ample notice and comment opportunities for stakeholders during the implementation process.”