A quarter of US mortgage customers dispute property appraisals, often finding miscalculations. Trump’s rollback of appraisal guidelines may not impact lenders, as many big names like JPMorgan Chase and Bank of America maintain current practices. New American Funding, disclosing disputed valuations, saw 22% needing adjustment.

Trump’s changes to appraisal directives aim to combat diversity initiatives. Black homeowners face appraisal bias, impacting property values. Biden administration reforms aim to make the appraisal process fairer for minorities. Senator Warnock proposed a bill to make lenders’ reconsideration of value policies mandatory to ensure fairness for homebuyers.

Read more at Yahoo Finance: Why Mortgage Lenders Are Ignoring Trump’s Rollback on Home Appraisal Reviews