The Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) held a hearing about appraisal bias.
This first-ever ASC hearing was led by Deputy Director Martinez and ASC Executive Director Jim Park. HUD Secretary Marcia L. Fudge, CFPB Director Rohit Chopra, and FHFA Director Sandra Thompson also participated in the hearing. Panel witnesses included:
- Dr. Junia Howell, Visiting Assistant Professor of Sociology at the University of Illinois Chicago;
- Paul Austin and Tenisha Tate-Austin, homeowners from Marin, California;
- Michael Fratantoni, Senior Vice President of Research and Technology and Chief Economist, the Mortgage Bankers Association;
- Craig Steinley, President, the Appraisal Institute;