The U.S. Department of Housing and Urban Development (HUD) and the National Association of Real Estate Brokers (NAREB) have announced a collaboration to provide information on the hot topics of home appraisal bias. As part of the collaboration, HUD and NAREB will create educational materials, regional events, and other initiatives to raise awareness and communicate new tools and resources for addressing any biases found in the home appraisal process.
This collaboration is designed to foster equal access and opportunity for homebuyers. HUD and NAREB will strive to ensure all individuals, regardless of their race, ethnicity, or gender are afforded access to homeownership opportunities. This initiative is projected to provide homebuyers with resources and tools to help them complete their home purchases with ease and fairness.
Thanks to this collaboration, homebuyers and professionals in the home appraisal industry have access to the following resources:
– Educational materials: learn about appraisal bias, fair housing rights, and more
– Regional Events: attend events to learn best practices for lenders, mortgage lenders, appraisers, and more
– Resources: access statistics, tools, and training materials to help inform about the issues of home appraisal bias
– Increased Awareness: disseminate information and tools to help inform about the issues of appraisal bias
You can read this full article at: https://www.housingwire.com/articles/hud-partners-with-nareb-to-address-appraisal-bias/(subscription required)
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