Search
Close this search box.

HUD Alleges Discrimination in Denver Property Appraisal and Loan Denial | WATCH

*The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged several entities with housing discrimination for issuing a biased appraisal and subsequently denying a refinance loan application in Denver, Colorado. The entities charged include appraiser Maksym Mykhailyna, appraisal company Maverick Appraisal Group, appraisal management company Solidifi U.S. Inc., and lender Rocket Mortgage, LLC.

According to HUD’s Charge, the appraiser, Maksym Mykhailyna, is accused of undervaluing a Black homeowner’s property based on her race. This undervaluation led to the homeowner’s refinance loan application being denied. When the homeowner raised concerns about the discriminatory appraisal, Rocket Mortgage allegedly insisted on proceeding with her application based solely on the disputed appraisal value.

The Fair Housing Act prohibits discrimination in real estate-related transactions, including appraisals, on the basis of race. It also protects individuals from retaliation when they exercise their fair housing rights, such as reporting instances of discrimination. HUD’s Charge highlights the importance of ensuring fair treatment in housing transactions and holding entities accountable for discriminatory practices.

This case underscores the ongoing challenges faced by minority homeowners in obtaining fair appraisals and accessing refinancing options. HUD’s action aims to address these inequities and reinforce the principles of the Fair Housing Act, ensuring that all individuals receive equal treatment in housing-related matters.

HUD accuses entities of housing bias in Denver loan denial // HUD Discrimination Charge - via EURai
HUD Discrimination Charge – via EURai

For more details, you can read the full Charge on HUD’s official website, HERE.

MORE NEWS ON EURWEB.COM: Housing Discrimination Complaints Reach a 24-year High, While HUD Rolls Back Fair Housing Rules

We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!

Mick Hunt
Kim Johnson - courtesy photo
Donald Trump (Michael M Santiago-Getty Images via CNN Newsource)
Hulu’s “How to Die Alone”
DirecTV - screenshot
DeWanda Wise and Blair Underwood
Tyrese - screenshot
Bounty Tank
Actor James Earl Jones
Apple logo on iPhone - Depositphotos
Tyrese Gibson
Read More
Lizzo (Getty)
Read More
Steve Harvey
Read More
Tim Walz at 2024 DNC - screenshot
Read More
Ghostface Killah
Read More
Kamala Harris - via CBM
Read More
Monica and Brandy
Read More
Sean Diddy Combs Beyonce Jay-Z / GettyImages
Read More
Lori Harvey
Read More
Don Lemon on CNN - screenshot
Read More

POPULAR

Mick Hunt
Mick Hunt: The 5 Truths Entrepreneurs NEED to Know in the Modern World | VIDEO
Kim Johnson - courtesy photo
Gov. Newsom Replaces Mark Ghaly w/Kim Johnson + Vetoes Homebuying Bill for undocumented People | CBM Political Playback
Donald Trump (Michael M Santiago-Getty Images via CNN Newsource)
Trump's Delayed Sentencing: What Happened? - The Journal of Steffanie Rivers | WATCH
Hulu’s “How to Die Alone”
Natasha Rothwell’s Dream Come True with Hulu's 'How to Die Alone' | WATCH
DirecTV - screenshot
Wait. What?! DirecTV Now PAYING Customers to Subscribe to COMPETITORS As Disney Battle Escalates | VIDEO
DeWanda Wise and Blair Underwood
DeWanda Wise and Blair Underwood Discuss Dynamic in Provocative New Series 'Three Women' | EUR Video Exclusive
Tyrese - screenshot
Tyrese Gibson Arrested for Child Support Non-Payment: A Legal Battle Unfolds | VIDEO
Bounty Tank
Bounty Tank Talks Success of Hit Bounty Hunting Series on YouTube
Actor James Earl Jones
James Earl Jones: The Legendary Voice Behind Darth Vader and Mufasa Dies at 93
1 2 3 8,282