Archive · 3 Aug 2025
Lenders Overlook Trump's Appraisal Rollback, Prioritize Homeowner Fairness
The US government made changes to how home values are checked.
The old rules made it easier for people to question how much their home is worth, especially if they felt the value was unfair.
Some big banks aren't changing their rules.
Appraisals are important because they affect how much money people can borrow to buy a home, and some groups of people may be unfairly affected by them.
A new bill wants to make sure lenders have to let homeowners question their appraisal results, and share more information with the public.
Trump rolled back home appraisal review guidelines from the Biden administration.
Major lenders like JPMorgan Chase & Co. and Bank of America Corp. are not changing policies.
Minority homeowners are often disadvantaged by inaccurate home appraisals.
A significant percentage of disputed appraisals are adjusted, according to one lender.
A bill is proposed to mandate lenders' reconsideration of value policies and increase data transparency.
- Who
- Trump administration, Biden administration, major lenders, and homeowners
- What
- Trump rolled back home appraisal review guidelines, but many lenders are keeping the same policies.
- When
- The changes were implemented recently, following Biden-era regulations.
- Where
- United States
- Why
- Trump rolled back the guidelines to end what he saw as initiatives supporting diversity, equity, and inclusion.
Advocates for Fairness and Transparency
Those Against the Bill
Mandatory ROV Policies
Advocates for Fairness and Transparency
Support the bill to make reconsideration of value policies mandatory and increase data sharing for mortgage appraisals.
Those Against the Bill
The opposing side may disagree with such requirements due to the costs of implementation and administrative burden on businesses.
Home Appraisal Standards
Advocates for Fairness and Transparency
Favor more robust home appraisal practices and value transparency to benefit homebuyers, especially those of color.
Those Against the Bill
The other side might not favor this stance as they focus on profit maximization, rather than promoting fairness.
- Lender with Valuation Info
- New American Funding
- Monthly Disputes
- 2.5% of customers
- Adjusted Appraisals
- 22% of disputed appraisals
- Homes in Black Neighborhoods
- Valued 21%-23% lower
- Bill Proposer
- Senator Raphael Warnock