The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Appraisal-Level Public Use File (PUF).
“As accurate home valuations are vital to the mortgage market, publishing transparent data on appraisals while protecting borrowers’ personally identifiable information provides useful information to the public in a responsible manner,” said FHFA Director Sandra L. Thompson. “Today’s announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing finance.”
The UAD Appraisal-Level PUF gives stakeholders and the public new access to a broad set of data points and trends found in appraisal reports. It contains appraisal-level data from a nationally representative 5 percent sample of appraisals conducted between 2013 and 2021 and associated with mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises). The dataset can be used to, among other things, study housing valuation, housing market disparities and inequities, and consumer preferences.
FHFA used UAD appraisal records collected from January 1, 2013, through December 31, 2021, on single-family properties associated with mortgages acquired by the Enterprises to create an appraisal-level data file in a manner that protects borrower privacy. Each UAD appraisal record includes information reported by appraisers on the Uniform Residential Appraisal Report (URAR). The current version of the URAR for single-family homes is Fannie Mae Form 1004 and Freddie Mac Form 70.