• Racial & Ethnic Valuation Gaps in Home Purchase Appraisals - A Modeling Approach

    This Research Note builds on our previous Note published in September 2021 to report on a refined and expanded modeling approach that Freddie Mac adopted in the racial valuation gap context. Our first Note analyzed tract averages as little research existed on this important topic and we wanted to spark a discussion and receive feedback on our approach leading to subsequent work. This Note reflects much of the feedback we have received. More

  • Trends in Mortgage Refinancing Activity

    This Research Note covers recent developments in the U.S. mortgage market. We review trends in mortgage refinancing activity, including a detailed look at payment savings and equity extraction through cash-out refinances. We also examine recent trends in mortgage origination discount points and fees and close with a discussion of heterogeneity in the mortgage market. More