March 25, 2024
Mortgage company loanDepot has agreed to make policy changes and pay an undisclosed amount to resolve a Black couple's lawsuit claiming their Baltimore home was undervalued because of their race, just a couple of weeks after plaintiff Shani Mott, a scholar at Johns Hopkins University, died of cancer.
August 04, 2023
A Maryland federal judge has mostly refused to dismiss a Black Baltimore couple's suit accusing an appraiser and a mortgage lender of undervaluing their home because of their race.
April 24, 2023
The Mortgage Bankers Association has filed an amicus brief supporting a lender defendant in relation to an appraisal discrimination lawsuit, saying lenders cannot be responsible for the alleged actions of an independent appraiser.
March 13, 2023
The federal government told a court Monday that a mortgage company incorrectly applied the Fair Housing and Equal Credit Opportunity Acts in a bid to dismiss a Black couple's lawsuit alleging the lender and others violated both laws when the homeowners sought to refinance their Baltimore home loan.
January 25, 2023
A Maryland appraiser is countersuing a couple for defamation and $500,000 in damages for allegedly appraising their Baltimore home at a lower value than it was worth because they are Black.
December 13, 2022
A Maryland-based home appraiser told a federal court that an African American couple did not adequately prove their allegations that they received a lower-than-expected appraisal on their home due to racial bias by him and his company.
August 18, 2022
A married couple from Baltimore have accused mortgage company loanDepot and a Maryland-based appraiser of racial discrimination, saying they only received a higher valuation on their house after "whitewashing" it to remove all indications that they and their three children are Black.