A new lawsuit filed in Florida state court challenges the appraisal-related fees charged by residential appraisal management companies (AMCs) as deceptive under Florida consumer protection laws. The complaint names two AMCs and one of the country’s biggest residential lenders as Read more
After 4 years of heightened focus on the issue of appraisal discrimination, HUD has issued its first Charge of Discrimination in relation to one of the 200+ appraisal-related complaints HUD has received from consumers. The legal significance of a Charge Read more
Unresolved complaints filed with HUD alleging Fair Housing Act violations about appraisals have become a serious problem – the lack of resolution is a concern for the parties involved (on all sides), fair housing advocates and defense counsel. HUD has Read more
You’ll find below: Upcoming California-Specific CE Classes If you are licensed/certified in California and need to take either: (1) Elimination of Bias/Developing Cultural Competency (3 hours total) or (2) Federal and California Laws and Regulations for your renewal with BREA, Read more
Connolly and Mott v. Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland. This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. A Black couple in Baltimore – Read more
Efforts to regulate the provision and use of “property data collectors” in connection with appraisals are being made in some states. In Mississippi, a bill was introduced last month that would have required the state’s appraiser board to license and Read more
Registration: Webinar Link. I’m hosting a free webinar with Eval.com and its CEO Deb Clark, MAI about “Solving the Mystery of Evaluations.” Eval.com is a national provider of evaluations – and I serve on its corporate board. In this 30-minute Read more
On October 7, I presented a 4-hour class entitled “Appraisal Discrimination Investigation Training” to state appraiser regulators (board members, administrators and counsel) at the Association of Appraiser Regulatory Officials (AARO) meeting in Salt Lake City. My goal was to offer Read more
Updated to reflect new “guidance” from the Appraisal Subcommittee on September 27, 2023. What if a state dropped its appraisal management company law and no longer regulated AMCs? That’s exactly what’s happened in Hawaii – maybe by accident. The state Read more
How many discrimination cases have been filed against appraisers? What’s really happening in the courts and in investigations with respect to alleged bias? Those are questions I cover in my presentations and classes for appraisers. But, I will tell you Read more