Government Weighs In On Legal Questions Posed In Appraisal Discrimination Suit

Mealey's (April 21, 2023, 9:34 AM EDT) -- BALTIMORE — The U.S. government filed a statement of interest in Maryland federal court addressing questions raised by a mortgage lender in a lawsuit brought by minority homeowners who allege that a real estate appraisal company and the 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 that undervaluation, respectively....