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Around 97 percent of outstanding first-lien, closed-end residential mortgages in the United States, and 98.5 percent of those the Enterprises acquired, have home equity above 10 percent. Only 0.2 percent of these mortgages have negative equity, the lowest level in the past 10 years.
Although an appraisal valuation gap continues to exist between white and minority population tracts, data indicate a reduced gap following actions by stakeholders and federal, state, and local agencies, including the release of the PAVE Action Plan. More analysis is needed to determine whether this is a causal relationship.
As Director of FHFA’s Office of Minority and Women Inclusion (OMWI), I am pleased to issue our 2017 Annual Report to Congress detailing the results of FHFA’s diversity and inclusion initiatives. This is the fourth Report FHFA has issued since I became the Agency’s OMWI Director. The report reflects the hard work of the OMWI team and the entire Agency in meeting our statutory obligations.
FHFA's 2020 OMWI Annual Report to Congress comes as the nation is still reeling from the dual headwinds of a pandemic and a racial reckoning sweeping the country.
FHFA's 2018 OMWI Annual Report to Congress describes the measures taken under the Dodd-Frank Act to increase diversity and ensure inclusion throughout the FHFA workforce and in our business activities, including procurement. The Report describes how we've accomplished this by continuing existing programs that have been effective, as well as developing and implementing new strategies and initiatives to support a diverse workforce and maintain an inclusive organizational culture. I
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, FHFA’s Office of Minority and Women Inclusion (OMWI) submits an annual report to Congress detailing initiatives and accomplishments undertaken during the year to increase diversity and ensure inclusion throughout its workforce and business activities of the Agency, including procurement.
How much is the land under a house worth? For researchers, this simple question has been difficult to answer for one main reason: for a typical residential property, the land and the house are purchased at the same time, for a single price.
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 transparency and supports the public in analyzing potential valuation bias and discrimination.
Fannie Mae and Freddie Mac (the Enterprises) engaged extensively with stakeholders to develop their respective Duty to Serve Plans (DTS), which went into effect on January 1, 2018. The Plans provide detailed information on how the Enterprises will provide leadership and facilitate a secondary market for very low-, low-, and moderate-income families in three specified areas as directed by statute: manufactured housing, affordable housing preservation, and rural housing.
