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33 Journal appraisers to conduct the appraisal process when the information is not included in the property's MLS listing. We see the adoption being a gradual process. Lenders will need to work with suppliers to ensure they can provide all the documentation an appraiser needs to complete the desktop appraisal, and, as property listings become more consistent in the data and information provided, this will only help expedite the adoption and efficiency of the desktop appraisal. What are your thoughts about the PAVE action plan published earlier this year, and specifically its recommendations on sharing of GSE appraisal data? Fannie Mae supports the objectives of the PAVE Task Force and their action plan. We were excited to see PAVE reference and highlight critical efforts like valuation modernization and the initiatives that aim to foster diversity in the appraiser profession through programs such as the Appraiser Diversity Initiative program. Regarding publicly sharing of historical GSE appraisal data, there are both benefits and risks that should be considered when thinking through this potential action. Without aggregating or obfuscating the data in some fashion, publicly sharing appraisal data could lead to loss of homeowner privacy and other unintended risks to homeowners. As an example, property valuation activities encouraged by this more robust data could lead to higher values determined by taxing authorities and insurances companies resulting in higher taxes and insurance costs for homeowners. Secondly, this data could be leveraged by institutional investors and sophisticated real estate property management firms which could disadvantage owner-occupant purchasers and first-time buyers as they compete on precious affordable supply. Lastly, we could see legal activities increase for breach of contract, privacy violations, or misappropriation of work product claims. Fannie Mae continues to support fostering diversity in the mortgage industry with programs such as Future Housing Leaders and the Appraiser Diversity Initiative. What role do you see the Appraiser Diversity Initiative playing in the broader context of valuation modernization? Appraisers are essential to the mortgage origination process. But the future of the profession may be strained by inconsistent coverage and a lack of diversity among its practitioners. is is why we and other industry participants continue to support and invest in programs such as ADI to attract and train the next generation of appraisers. In 2018, we collaborated with the National Urban League to launch ADI, and now, the program has a multitude of partners and supports including the Appraisal Institute and Freddie Mac. e initiative is designed to attract new entrants to the residential appraisal field by helping them navigate education, training, and experience requirements. We are proud to say that the ADI is successfully attracting diverse, aspiring appraisers, awarding them education scholarships, and seeing them launch their careers. Jessica Brown and Marcus Knight, two ADI scholarship winners, represent a new generation of appraisers. ese new appraiser trainees not only contribute to their supervisors' firms by providing high-quality reports, but we also observe that trainees bring fresh insights and skills such as innovative business practices, technologies, or analytical tools to the appraisal process and profession. We continue to encourage the housing industry to better reflect the diversity of the nation and communities we serve through ongoing efforts such as ADI and Future Housing Leaders®.