Government Allowed To File Interest Statement In Appraisal Discrimination Suit

Mealey's (April 6, 2023, 8:15 AM EDT) -- BALTIMORE — According to a docket entry, a federal judge in Maryland on March 30 granted the U.S. government’s request to filed a statement of interest in a lawsuit brought by minority homeowners who allege that a real estate appraisal company and their mortgage lender violated the Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) by undervaluing their home in an appraisal based on the borrowers’ race and denying them a refinance loan based on the undervaluation, respectively....