appraisal bias

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Pennsylvania Lender To Pay More Than $3M in DOJ Redlining Settlement

Dive Brief: Stroudsburg, Pennsylvania-based ESSA Bank & Trust will pay more than $3 million to settle redlining allegations, the Justice Department announced Wednesday. The bank, between 2017 and 2021, “failed to provide mortgage...

Ohio Bank Reaches $9M Redlining Settlement With DOJ

As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area

FFIEC Subcommittee Hearing on Appraisal Bias

Jan. 26, 2023 — To root out racial bias in the U.S. appraisal system, some experts say there’s no point in nibbling at the edges. Instead, they suggest tearing the...