Which organization released the 2021 study indicating the average distance between subject and comparables is different in Black/Latino tracts compared with White tracts?

• A. Freddie Mac
• B. Fannie Mae
• C. HUD
• D. Federal Reserve

Answer: (A)

The question tests knowledge of which organization published a 2021 study on how the distance to comparables in a property appraisal differs by neighborhood racial composition. Freddie Mac released this study, showing that the average distance from the subject to its used comparables was not the same in Black/Latino tracts compared with White tracts. This kind of finding is used to explore potential appraisal bias, as systematic differences in how far back appraisers look for comps can influence valuations and, in turn, lending decisions. The other organizations listed conduct housing and policy research, but the 2021 distance-difference study in this context was released by Freddie Mac.