The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Appraisals & ValuationsBlack HomeownershipReal Estate EnthusiastsReal Estate

Sizing up claims of appraisers’ racial bias

The value gap between white and minority-owned homes has grown in the last 40 years. What role do appraisers have in that?

HW+ appraisal inspection

This is Part II of HousingWire’s deep dive into the appraisal profession, and the wave of racial bias claims that has rocked it. In Part I, we looked at the origins of the profession, its present demographic makeup and leadership, and the many struggles of appraisers. In Part II, we examine the evidence around race-based discrimination by appraisers. 

The news reports and horror stories of residential appraisers undervaluing a home because the homeowner is Black would presumably lead to a trail of formal complaints, federal investigations and lawsuit payouts.

They do not.

In fact, a review of court documents, and interviews with dozens of industry experts, housing officials and researchers, revealed little hard evidence of appraiser bias. 

The U.S. Department of Housing and Urban Development can receive allegations of appraisal discrimination. But from 2019 to 2020, the Washington Post reported, HUD received just 12. For this story, a spokesperson for HUD declined to specify how many complaints it has received this year, or any details about the complaints.

“There are a number of cases before HUD related to bias in appraisals,” a HUD spokesperson said. “We do not disclose the complaint and responses provided by the respondent while an investigative matter is still pending at HUD.”

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