• Jesse Ledbetter

Racist Appraisals... or Racist Lending, again.

Recent accusations of racism in appraising have brought to light increasingly questionable lending practices as records have become public. As non-regulated lenders engage in "debt traps," "affinity scams" and "churning" in minority neighborhoods, they attempt to blame their fraudulent behavior away by blaming the appraiser. As markets around the country turn negative this "churning" strategy will hit the wall first, with these sub-prime mortgages turning negative and causing severe stress to borrowers.

Read more here: https://appraisersblogs.com/appraiser-bias-allegations-unmask-nonbank-lenders-debt-traps

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...but have they removed it from themselves? In the lead up to 2008 their racist practices lead to the death of this renter, and historically racism has been in the governments and lending corners of