Lenders are facing increasing pressure to modernize their home lending operations, lower costs, and reduce risk following a rapid rise of interest rates and resulting cooling of the housing market.
You have your accepted contract in hand, a closing date, and many things to do before your loan is approved. One of these items is the appraisal, which if not everything works out properly can quash ...
Credit unions and their regulators are weighing next steps in a federal-agency push to tackle biases in the housing appraisal and valuation process known to discriminate against people of color.