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  1. Home.
• Programs.
• National Mortgage Database Program
  
  National Mortgage Database Program
  
  The National Mortgage Database (NMDB ®) [1] program is jointly moneyed and managed by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB). This program is developed to offer an abundant source of information about the U.S. mortgage market. It has 3 primary elements:
  
  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 allows FHFA to fulfill the statutory requirements of area 1324( c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, to carry out a regular monthly mortgage market research. Specifically, FHFA must, through a survey of the mortgage market, gather data on the characteristics of individual mortgages, consisting of 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 gather details on the creditworthiness of debtors, including a decision of whether subprime and nontraditional customers would have received prime lending. [4]
  For CFPB, the NMDB program supports policymaking and research study efforts and helps determine and understand emerging mortgage and housing market patterns. CFPB utilizes the NMDB, to name a few purposes, in assistance of the marketplace tracking called for by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including comprehending how mortgage debt impacts customers and for retrospective guideline evaluation required by the statute.
  
  Safeguards
  
  No details on customer 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 are in location to ensure that info in the database is not used to determine individual debtors or lenders and is handled 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 element of the National Mortgage Database program. NMDB is upgraded quarterly for a nationally representative 5 percent sample of closed-end first-lien property mortgages in the United States.
  
  The purpose of NMDB is to inform and educate FHFA, CFPB and other federal agencies about financing items and mortgage market health. The database is detailed, and there are lots of possibilities for how it might be utilized. Some examples include:
  
  Studying the subprime mortgage crisis: Because the information goes back to 1998, the database can be utilized to evaluate possible causes of the recent subprime crisis.
  Monitoring brand-new and emerging items in the mortgage market: The database allows agencies to monitor volume and performance of items in the mortgage market and aid regulators identify possible issues or brand-new dangers.
  Monitoring the relative health of mortgage markets and consumers: The database offers detailed mortgage loan efficiency details including whether payments are made on-time, in addition to details concerning loan modifications, foreclosures, and personal bankruptcies. This can assist policy makers much better understand how different products are being used and how they are performing.
  Evaluating loss mitigation, debtor counseling, and loan modification programs: The database can be used to evaluate the effectiveness and prospective effect of therapy programs.
  Monitoring inexpensive loaning: Since the database is upgraded quarterly, it supplies info on mortgage access and mortgage terms for low-income debtors and neighborhoods faster than information required 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, researchers, and regulators to improve prepayment and default modeling and to implement stress-test situations for the whole national mortgage market.
  Description
  
  The NMDB assembles credit, administrative, maintenance, and residential or commercial property information for a nationally representative 5 percent sample of closed-end first-lien residential mortgages in the United States. The database consists of the following details:
  
  - mortgage efficiency from origination to termination