Mortgage giant Freddie Mac’s analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias. Source: Inman News
Posts published in “Marcia Fudge”
Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to…
In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving to rescind policies…
After throwing in the towel on a $2.7 billion merger, Genworth considering spinning off its mortgage insurance division. Source: Inman News
NAR looks forward to working with Fudge “to address racial disparities in real estate and our nation’s persistent housing affordability crisis.” Source: Inman News
Fudge, whose district includes parts of Cleveland and Akron, Ohio, lobbied to become the Secretary of the U.S. Department of Agriculture, according to Politico. Source:…