HUD Probe into Valuation Bias Focuses on Appraisal Foundation

National Mortgage News, Sept. 15, 2022–Kyle Campbell (subscription)
HUD is investigating allegations of discriminatory policymaking by one of the appraisal profession’s key quasi-regulatory bodies. The probe is centered on the Appraisal Foundation, according to multiple sources directly familiar with the investigation and an inquiry email from a HUD lawyer reviewed by American Banker this week.