Tag Archives: Uniform Appraisal Dataset

Kenon Chen of Clear Capital sat down with MortgagePoint to discuss the elimination of appraisal bias in the industry, HUD’s PAVE Action Plan, and the state of the appraisal marketplace.

According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families had about $150,000 in wealth.

“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.