Race-based appraisal gaps have narrowed in recent years: FHFA
Appraisal gaps between white, Hispanic/Latino, and Black households decreased post-Interagency Task Force action plan, signaling progress in addressing racial bias in home valuations. [ more ]
Tracy Stephan appointed as FHFA's Chief Artificial Intelligence Officer (CAIO) alongside existing role in Office of Financial Technology.
Stephan's appointment aligns with President Biden's executive order to establish policies, standards, and risk management strategies for AI in government agencies. [ more ]