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HUD Settles with JPMorgan Over Appraisal Bias Case

Apr 02, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

Under the conciliation agreement, JPMorgan will pay the homeowner $50,000.

Click here to read the full article by Tim Glaze in the Housing Wire.