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  1. Home.
• Programs.
• National Mortgage Database Program
  
  National Mortgage Database Program
  
  The National Mortgage Database (NMDB ®) [1] program is collectively moneyed and managed by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB). This program is created to provide a rich source of information 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 enables 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 month-to-month mortgage market study. Specifically, FHFA must, through a study of the mortgage market, collect data on the characteristics of specific mortgages, including those eligible for purchase by Fannie Mae and Freddie Mac and those that are not, and including subprime and nontraditional mortgages. In addition, FHFA needs to gather details on the creditworthiness of borrowers, including a decision of whether subprime and nontraditional debtors would have gotten approved for prime financing. [4]
  For CFPB, the NMDB program supports policymaking and research study efforts and assists recognize and understand emerging mortgage and housing market trends. CFPB utilizes the NMDB, amongst other purposes, in support of the marketplace tracking required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including understanding how mortgage debt affects customers and for retrospective rule review needed by the statute.
  
  Safeguards
  
  No details on customer names, addresses, Social Security numbers, or dates of birth is ever utilized or saved by FHFA or CFPB as part of the NMDB program. Furthermore, safeguards remain in place to guarantee that details in the database is not utilized to identify individual borrowers or lending institutions 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 first component of the National Mortgage Database program. NMDB is updated 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 educate FHFA, CFPB and other federal agencies about lending products and mortgage market health. The database is thorough, and there are numerous possibilities for how it may be used. Some examples consist of:
  
  Studying the subprime mortgage crisis: Because the data goes back to 1998, the database can be used to evaluate possible causes of the recent subprime crisis.
  Monitoring new and emerging products in the mortgage market: The database enables agencies to keep an eye on volume and performance of products in the mortgage market and help regulators identify possible problems or new risks.
  Monitoring the relative health of mortgage markets and consumers: The database offers detailed mortgage loan efficiency details including whether payments are made on-time, along with details regarding loan adjustments, foreclosures, and personal bankruptcies. This can help policy makers much better comprehend how different products are being used and how they are carrying out.
  Evaluating loss mitigation, borrower counseling, and loan modification programs: The database can be utilized to assess the efficacy and potential impact of therapy programs.
  Monitoring affordable loaning: Since the database is upgraded quarterly, it provides details on mortgage access and mortgage terms for low-income borrowers and neighborhoods faster than information required by the Home Mortgage Disclosure Act, or HMDA. Currently, HMDA data does not appear until the year following origination.
  Performing tension tests and prepayment/default modeling: The database can be used by policy makers, scientists, and regulators to enhance prepayment and default modeling and to implement stress-test situations for the whole national mortgage market.
  Description
  
  The NMDB assembles credit, administrative, servicing, and residential or commercial property data for a nationally representative five percent sample of closed-end first-lien domestic mortgages in the United States. The database consists of the following info:
  
  - mortgage performance from origination to termination