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Measures of Home Retention Following a Loan Modification
This blogpost offers a potential measure of the effectiveness of two retired Fannie Mae and Freddie Mac (the Enterprises) loan modification programs: the Home Affordable Modification Program (HAMP) and the Standard/Streamlined modification program. i The first section of the blog discusses the two...
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The Value of Intermediaries for GSE Loans
Prevailing credit profiles in the mortgage market can influence access to housing credit. Among loans securitized by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, two factors influence such access: the GSEs’ underwriting criteria as implemented through their...
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Using the New UAD Aggregate Statistics Top 100 Metro Areas Dashboard to Explore Changes in Median Appraisal Values
Introduction On October 24, 2022, the Federal Housing Finance Agency (FHFA) released the Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File and Dashboards. This marked the first time borrower data (with privacy protections) on appraisal reports for Enterprise single-family properties...
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How Similar Are Appraisal Values and House Prices?
Introduction As the nation's first publicly available dataset of aggregate statistics on appraisal records, the Federal Housing Finance Agency's (FHFA's) new Data Files and Dashboards give the public access to a broad set of data points and trends found in appraisal reports. In our latest...
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What Do the UAD Aggregate Statistics Reveal About Home Sizes During the Pandemic?
Introduction As we noted in our last blogpost about rising home appraisals during the pandemic, the Federal Housing Finance Agency’s (FHFA’s) new Uniform Appraisal Dataset (UAD) Aggregate Statistics Advanced Analytics Dashboard and the underlying data file make single-family home data easier to...
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What Do the UAD Aggregate Statistics Reveal About Rising Home Appraisals During the Pandemic?
Introduction The Federal Housing Finance Agency’s (FHFA’s) new Uniform Appraisal Dataset (UAD) Aggregate Statistics Advanced Analytics Dashboard and the underlying data file make single-family home data easier to access and interpret. Available information includes appraisal values for...
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Exploring Appraisal Bias Using UAD Aggregate Statistics
FHFA recently published its Uniform Appraisal Data (UAD) Aggregate Statistics Data File and Dashboards. The aggregate statistics in the Data File and Dashboards are derived from more than 47 million appraisals conducted between 2013 and June 30, 2022. This blog highlights how the new...
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FHFA Uniform Appraisal Dataset Aggregate Statistics: A New Resource to Provide Insights on Home Valuation
Introduction Home valuation through the appraisal process is a vital component of the home purchase, mortgage lending, and equity-building processes. The public release of appraisal data may offer a new resource to generate valuable insights. Publicly sharing appraisal data improves market...
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Reducing Valuation Bias by Addressing Appraiser and Property Valuation Commentary
Key Takeaways Examples of overt references to race, ethnicity, and other prohibited bases under federal fair lending laws in appraisals and other property descriptions persist, indicating the continued presence of valuation bias. Ongoing failure to address appraiser consideration of prohibited...
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What Types of Mortgages Do Fannie Mae and Freddie Mac Acquire?
The Housing and Economic Recovery Act of 2008 (HERA) imposes several important data requirements on FHFA. Section 1324 requires FHFA to provide to Congress an Annual Housing Report on the performance of Freddie Mac and Fannie Mae (the Enterprises) in the previous year. As an input to FHFA's Annual...