The Unbiased Reality of Census Tract Data Dump… Open Letter to FHFA
Folks, the following letter was sent to FHFA by an appraiser I know.
It was sent in response to the ‘first’ data dump FHFA made which uses CENSUS TRACT data to try to convince others that appraisers are biased by using ‘people demographics’ contained in Census Bureau info.
You can find that ‘dump’ here.
The writer of that first FHFA dump was identified by name, and included an email address. So the appraiser wrote a respectful email to Mr. Russell. It turns out, shortly after this FHFA document was released, Mr. Russell left FHFA. So this nice letter sent several weeks after the FHFA posting, was never received at FHFA, because the incoming email from the appraiser was rejected as undeliverable!
Keep reading, there’s more below.
Now that the first ‘dump’ was made, and embraced by the media and others who have bought into the hype that appraisers are racially biased based on Census Tract data, FHFA doubled down and released a second, ‘updated’ dump of more data on August 8, 2023, again largely oriented around personal demographic Census Tract data that appraisers don’t use when determining which properties to use for comps.
You can read that highly informative ‘dump’ here.
But wait, there’s more.
This ‘dump’ has the name of the person who prepared the report, but no email address was included. Isn’t that just peachy?
- Mortgage Application Volume Nearing Historic Low - September 22, 2023
- The Unbiased Reality of Census Tract Data Dump… Open Letter to FHFA - August 15, 2023
- Isn’t that Just PAVEY! PAVE Response and Marcia Fudge - August 8, 2023