1srelluc
Diamond Member
"Because their homes are undervalued, Black and Latino people often have to pay more for their mortgage, receive less when they sell the home and are less able to access home equity lines of credit," Harris said. "Systemic bias in home evaluations widens the racial wealth gap and deepens the longstanding financial inequities that divide our communities."
Under the plan the administration will commit federal agencies to enhance oversight of the appraisal industry and improve coordination and collaboration with federal enforcement agencies "to better identify and redress discrimination in appraisals."
It will also seek to diversify the appraiser/assessor profession, which is currently 97% White -- making it among the least diverse in the country -- by removing "unnecessary educational and experience requirements" and requiring anti-bias, fair housing and fair lending training of current appraisers.
White House releases plan to combat racial discrimination in housing appraisals
LOL....Raise home values in the bad part of town through bogus appraisals, sell them on HELOCs, homes go into foreclosure, Black Rock rents them back......Sounds like one hell of a plan and just like the rest....Follow the money.
Oh wait, who does Black Rock donate mostly to again, that's right, mostly to dems.
BlackRock Inc Profile: Recipients
Under the plan the administration will commit federal agencies to enhance oversight of the appraisal industry and improve coordination and collaboration with federal enforcement agencies "to better identify and redress discrimination in appraisals."
It will also seek to diversify the appraiser/assessor profession, which is currently 97% White -- making it among the least diverse in the country -- by removing "unnecessary educational and experience requirements" and requiring anti-bias, fair housing and fair lending training of current appraisers.
White House releases plan to combat racial discrimination in housing appraisals
LOL....Raise home values in the bad part of town through bogus appraisals, sell them on HELOCs, homes go into foreclosure, Black Rock rents them back......Sounds like one hell of a plan and just like the rest....Follow the money.
Oh wait, who does Black Rock donate mostly to again, that's right, mostly to dems.
BlackRock Inc Profile: Recipients