Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vice President Kamala Harris will announce an action …
New York CNN Business — JPMorgan Chase is throwing its considerable weight behind efforts to root out racial bias in the appraisal of homes in America. It’s an industry that really needs to be revamped, utilizing less judgment and more data,” Mark O'Donovan, CEO of Chase Home Lending “There are systematic barriers in housing — and we have a role …
A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal Enlarge this image toggle caption Les Hirondelles Photography/Getty Images Les Hirondelles Photography/Getty Images Carlette Duffy's tidy, three-bedroom home is in a historic Black neighborhood in Indianapolis. "Then to get the second one and it's $15,000 lower just a few months later, I just could …
When Carlette Duffy had her Indianapolis home appraised as part of a refinance application last year, it kept getting valued much lower than she expected. Duffy purchased her home for about $100,000 three years ago and, given home price appreciation in her area, she expected her home’s value to be about $185,000 when she applied to refinance her loan in …