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  1. Home.
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• National Mortgage Database Program
  
  National Mortgage Database Program
  
  The National Mortgage Database (NMDB ®) [1] program is collectively moneyed and handled by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB). This program is created to supply a rich source of info about the U.S. mortgage market. It has three primary parts:
  
  1. the National Mortgage Database (NMDB),.
  2. the quarterly National Survey of Mortgage Originations (NSMO), [2]
  3. the yearly American Survey of Mortgage Borrowers (ASMB). [3]
  Purpose
  
  The NMDB program makes it possible for FHFA to satisfy the statutory requirements of area 1324( c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as changed by the Housing and Economic Recovery Act of 2008, to conduct a regular monthly mortgage market survey. Specifically, FHFA must, through a study of the mortgage market, gather information on the attributes of individual mortgages, including those eligible for purchase by Fannie Mae and Freddie Mac and those that are not, and consisting of subprime and nontraditional mortgages. In addition, FHFA must collect info on the credit reliability of debtors, including a decision of whether subprime and nontraditional borrowers would have received prime financing. [4]
  For CFPB, the NMDB program supports policymaking and research efforts and helps recognize and comprehend emerging mortgage and housing market trends. CFPB utilizes the NMDB, amongst other purposes, in support of the marketplace tracking called for by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including understanding how mortgage debt affects customers and for retrospective guideline review needed by the .
  
  Safeguards
  
  No details on borrower names, addresses, Social Security numbers, or dates of birth is ever used or kept by FHFA or CFPB as part of the NMDB program. Furthermore, safeguards remain in place to ensure that details in the database is not utilized to determine specific debtors or lenders and is managed completely accordance with federal personal privacy laws and the Fair Credit Reporting Act (FCRA).
  
  National Mortgage Database
  
  The National Mortgage Database (NMDB) is the very first part of the National Mortgage Database program. NMDB is upgraded quarterly for a nationally representative five percent sample of closed-end first-lien residential mortgages in the United States.
  
  The purpose of NMDB is to inform and inform FHFA, CFPB and other federal agencies about financing items and mortgage market health. The database is detailed, and there are numerous possibilities for how it may be utilized. Some examples include:
  
  Studying the subprime mortgage crisis: Because the data goes back to 1998, the database can be utilized to evaluate possible causes of the recent subprime crisis.
  Monitoring new and emerging items in the mortgage market: The database allows firms to monitor volume and efficiency of products in the mortgage market and help regulators identify possible issues or brand-new threats.
  Monitoring the relative health of mortgage markets and customers: The database supplies comprehensive mortgage loan performance information consisting of whether payments are made on-time, in addition to info concerning loan adjustments, foreclosures, and personal bankruptcies. This can help policy makers much better understand how numerous items are being used and how they are carrying out.
  Evaluating loss mitigation, debtor counseling, and loan modification programs: The database can be utilized to evaluate the efficacy and potential effect of therapy programs.
  Monitoring inexpensive financing: Since the database is updated quarterly, it offers details on mortgage access and mortgage terms for low-income debtors and neighborhoods faster than information needed by the Home Mortgage Disclosure Act, or HMDA. Currently, HMDA data does not end up being available until the year following origination.
  Performing tension tests and prepayment/default modeling: The database can be used by policy makers, scientists, and regulators to improve prepayment and default modeling and to execute stress-test scenarios for the entire nationwide mortgage market.
  Description
  
  The NMDB puts together credit, administrative, servicing, and residential or commercial property information for a nationally representative 5 percent sample of closed-end first-lien property mortgages in the United States. The database consists of the following info:
  
  - mortgage efficiency from origination to termination