Mortgage Lenders Overlook Trump's Changes to Home Appraisal Reviews

Reported about 22 hours ago

Despite President Trump's rollback of guidelines for home appraisals, mortgage lenders are largely maintaining their practices, particularly concerning dispute resolution for property valuations. Industry leaders like JPMorgan Chase and Bank of America have stated they will not alter policies due to Trump's changes. The Biden administration's reforms aimed at addressing appraisal biases, particularly affecting minority homeowners, continue to support transparency and borrower rights in disputes, keeping lenders from succumbing to pressures to lower appraisal standards.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis