On a Web-based e-mail client or they have to purchase Outlook 2011 separately.Single-Family Division Insights, products, and technology to help you grow your business.Stellar Phoenix OLM to PST Converter is an ideal for converting the Outlook for Mac file to the corresponding MS Outlook data files with all the mail components and their properties intact. Both include 60 days of Microsoft support at no additional cost.However, users of Office for Mac 2011 will be able to get SP1 even sooner. The Microsoft Office license gives you the choice of installing the software on one computer, with the choice of either a Windows 10 PC or a Mac. Each is a one-time purchase that includes classic desktop versions of the most popular MS Office apps: Word, Excel, PowerPoint and Outlook.Optigo together.Optigo Academy One-stop learning for Optigo lenders. Easy to install - simply buy, install then activate Benefit from security/quality updates.Client Resource Center Resources, training, System Status, and FAQ to help you run your business.Seller/Servicer Guide Learn how to work with us with our Guide Bulletins and Industry Letters.Multifamily Division For Optigo® lenders, investors and borrowers.Optigo.com Here for you. PST Import, OS X integration, and other emailing features, proves toFull product details will be sent to your e-mail after your purchase.In the third section, we test whether the observed gaps are driven by only a few appraisers. Second, we examine the raw differences in the percentage of applicants that receive an appraisal value lower than the contract price and find that minority applicants are more likely to receive an appraisal value lower than the contract price.After observing these gaps, we conduct exploratory research to begin to understand what causes the valuation gaps for minority versus White tracts. 4 We find substantial appraisal valuation gaps 5 for minority versus White tracts. 3First, we examine the raw differences in the percentage of properties that receive an appraisal value lower than the contract price in minority tracts compared to those in White tracts.The term "appraisal gap" has been used in various papers with varying meanings. In this Research Note, we use the term "appraisal value lower than contract price" to refer to appraised values that are lower than the contract price for home purchases.We analyze the percentage of properties or applicants receiving "appraisal value lower than contract price." The metric is calculated separately for Black and Latino versus White groups. 8 With these assumptions, we compare the appraisal value to the contract price, which we take as the benchmark in purchase transactions. Our research is based on two assumptions: (1) markets for home sales are functioning well, regardless of the share of minority people living in a neighborhood and (2) the contract price is a reasonable benchmark in purchase transactions. The focus of our research is to study whether the appraisal outcome is different for minority groups versus the White group.
Purchase Outlook Separately Mac File ToWhen examining whether appraisal gaps exist, we consider the race and ethnicity of both the tracts in which the properties being appraised are located and of the applicants applying for a loan to buy the property. We focus on four race and ethnicity groups for this analysis: Black, Latino, White, and Overall. A positive gap means that a minority group is more likely to receive an appraised value lower than contract price relative to the White group. In addition, to see how the gaps change as the share of minority people increases, we further classify Black (or Latino) tracts as follows: Specifically, if the share of Black (or Latino) people in a tract is 50% or more, this tract is categorized as Black (or Latino). We use 50% as the threshold to define minority tracts. Tracts are classified according to the minority share of the population in that tract according to the 2010 census data. Download firefox for mac 105For example, the gap for properties in Latino tracts increases from 7.7% in the bucket to 9.4% in the bucket.To check whether the appraisal gap patterns in Exhibit 1 are consistent and robust, we perform numerous robustness checks from different perspectives, including by appraisal type (appraisal with interior inspection vs. For example, 12.5% of the properties in Black tracts receive "appraisal value lower than contract price," compared to 7.4% for those in White tracts, leading to a gap of 5.2%.In addition, as the concentration of Black or Latino in a census tract increases, the appraisal valuation gap increases. If the minority group has a higher percent than the White group, that gap is highlighted in orange, indicating an unfavorable outcome for that minority group. if the Black (or Latino) share is ≥ 80%.If the overall minority share 9 in a tract is below 50%, the tract is flagged as White.Exhibit 1, based on data for more than 12 million appraisals for purchase transactions submitted to Freddie Mac from January 1, 2015, to Decemthrough the Uniform Collateral Data Portal (UCDP), 10 shows that properties in Black and Latino tracts receive appraisal values lower than the contract price more often than those in White tracts. For example, 9.5% of the Latino applicants receive “appraisal value lower than contract price”, compared to 6.5% of White applicants, resulting in a gap of 2.9%.3. Exhibit 2 shows that Black and Latino applicants receive “appraisal value lower than contract price” more often than White applicants. This merge reduces the UCDP dataset from 12+ million to less than 2 million (due to missing values in the merge field and thus a low merge rate) and includes appraisals from 2016 to 2020 instead of the original time period (2015 to 2020). The x-axis shows the appraisal gap, and the y-axis presents the percentage of the 934 appraisers who exhibit that gap. Exhibit 3 shows the distribution of the 934 appraisers’ gaps. In addition, we perform one-sided t-tests to examine which gaps are statistically larger than zero.Based on our dataset, 21,058 appraisers submitted appraisal reports in both Black and White tracts out of this group, 934 appraisers have statistical power and qualify as the Black versus White sample for t-test. 11To know whether a small fraction of appraisers is generating the observed gaps, we calculate the gaps for each individual appraiser who submitted appraisals for properties in both minority tracts and White tracts.
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