Appraisers did not Cause Racial Wealth Gap by Jeremy Bagott, Mary Cummins

I'm so glad Jeremy Baggott wrote an article about this case. He's such a wonderful writer who can so eloquently and effectively put this insane false narrative into words. In this case the black plaintiffs were the racists discriminating against the white appraiser. They defamed the appraiser with false claims of discrimination and racism. Baggot talks about how the lending industry has used this false narrative to subvert mortgage safeguards and make more money. Below are just first few paragraphs.

"FEDERAL BENCH: NO, APPRAISERS DIDN’T CAUSE AMERICA’S RACIAL WEALTH GAP

VENTURA, Calif. (July 25, 2025) – After years of feckless payouts by insurance companies and corporations, the era of using the courts to harass appraisers for their value opinions has ended.

Last week, a U.S. District Court judge in Maryland threw out a discrimination lawsuit on summary judgment. It was brought against an appraiser by a militant professor at Johns Hopkins University and his wife, who passed away since the filing of the suit. She, too, was a professor at Hopkins.

The Maryland appraiser, Shane Lanham, relied partly on crowdfunding to stitch together a successful defense against the spurious allegations. He received an assist by a key ruling in April in which a U.S. District Court judge in Ohio dismissed a similar meritless discrimination lawsuit against an appraiser. Both lawsuits were based on hunches and disparate-impact quackery. The lawsuits were so flawed as to be shocking.

The two dismissals were a blow to the deep-pocketed housing lobby – the Realtors, homebuilders and lenders – and their captured patrons in government. The housing lobby has sought to delegitimize and sideline third-party appraisers for decades. Cheerleading these lawsuits seemed like a new low, even for this bunch. It was a scorched-earth campaign that inflicted severe harm on random individuals for simply doing their jobs. For a subset of academics and agitators, the lawsuits were about providing justification for radical mortgage-lending policies grounded in the tenets of DEI and critical-race theory."

@jbagott Link to full article

https://mailchi.mp/541adc35f58a/federal-bench-no-appraisers-didnt-cause-americas-racial-wealth-gap

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.

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