Housing Wire
JULY 1, 2021
The difference in appraisals has led to a $156 billion cumulative loss in value nationwide for majority-Black neighborhoods, the study claimed. The lender’s offices were concentrated in white neighborhoods, and nearly all of its loan officers were white.
Housing Wire
APRIL 9, 2024
For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. From 2020 to 2030, the Urban Institute projects 8.5 The future of the mortgage industry is increasingly diverse.
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