Reported 27 days 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