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Congresswoman urges federal investigation of appraisals
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Monday, February 28, 2022
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Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, sent a letter to HUD Secretary Marcia Fudge, the Appraisal Subcommittee, The Appraisal Foundation, and the Appraisal Institute regarding ongoing appraisal bias and discrimination. Waters is urging a federal investigation of appraiser misconduct and potential illegal discrimination.
Valuation Review obtained a response to Waters’ letter from Appraisal Institute President Pledger (Jody) Bishop, as well as a joint statement from several appraisal organizations.
Read on to find out more.
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