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FHFA Publishes 2023Q2 UAD Aggregate Statistics
While the number of U.S. home appraisals and median appraised values declined year-over-year between the second quarters of 2022 and 2023, both indicators increased between the first and second quarters of 2023. This blog summarizes key findings from the Federal Housing Finance Agency’s (FHFA)...
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Homeowners’ Equity Remains High
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....
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The Need to Address Climate Risk
Introduction Climate risk poses a serious threat to the housing finance system in the United States, and its effects are being felt in CLIMATE RISK TO HOUSING FINANCE The Need to Address Climate Risk Understanding the Climate’s Impact on Vulnerable Populations communities across the country...
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New Measures in the UAD Aggregate Statistics: Opportunities to Explore Data on Comparable Properties and Structural, Lot, and Neighborhood Characteristics
Introduction The Uniform Appraisal Dataset (UAD) Aggregate Statistics are the first comprehensive publicly available data on appraisals. The data from the first quarter of 2023, released in June 2023, provide new statistics and new property characteristics for the first time since the data were...
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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...