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Flagstar gives $1 million to fix appraisal industry's lack o
Flagstar gives $1 million to fix appraisal industry's lack o
Flagstar gives $1 million to fix appraisal industry's lack of diversity
More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."
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