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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 handled by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB). This program is created to offer an abundant source of information about the U.S. mortgage market. It has 3 main parts:
  
  1. the National Mortgage Database (NMDB),.
  2. the quarterly National Survey of Mortgage Originations (NSMO), [2]
  3. the annual American Survey of Mortgage Borrowers (ASMB). [3]
  Purpose
  
  The NMDB program allows FHFA to satisfy the statutory requirements of section 1324( c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as modified by the Housing and Economic Recovery Act of 2008, to conduct a monthly mortgage market survey. Specifically, FHFA must, through a survey of the mortgage market, collect information on the qualities of private mortgages, including those qualified for purchase by Fannie Mae and Freddie Mac and those that are not, and including subprime and nontraditional mortgages. In addition, FHFA must gather details on the creditworthiness of customers, consisting of a determination of whether subprime and nontraditional debtors would have certified for prime lending. [4]
  For CFPB, the NMDB program supports policymaking and research efforts and helps recognize and understand emerging mortgage and housing market trends. CFPB utilizes the NMDB, amongst other purposes, in support of the marketplace monitoring called for by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including comprehending how mortgage financial obligation affects consumers and for retrospective rule review needed by the statute.
  
  Safeguards
  
  No information on debtor names, addresses, Social Security numbers, or dates of birth is ever used 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 specific debtors or loan providers 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 function of NMDB is to inform and educate FHFA, CFPB and other federal firms about financing products and mortgage market health. The database is thorough, and there are numerous possibilities for how it may be utilized. Some examples include:
  
  Studying the subprime mortgage crisis: Because the information goes back to 1998, the database can be used to examine possible reasons for the current 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 aid regulators identify prospective problems or brand-new risks.
  Monitoring the relative health of mortgage markets and customers: The database offers comprehensive mortgage loan performance information including whether payments are made on-time, along with information concerning loan adjustments, foreclosures, and personal bankruptcies. This can assist policy makers much better comprehend how different items are being utilized and how they are carrying out.
  Evaluating loss mitigation, customer counseling, and loan adjustment programs: The database can be utilized to assess the efficacy and potential effect of therapy programs.
  Monitoring affordable loaning: Since the database is updated quarterly, it offers information on mortgage gain access to and mortgage terms for low-income debtors and communities faster than data required by the Home Mortgage Disclosure Act, or HMDA. Currently, HMDA data does not appear up until the year following origination.
  Performing stress tests and prepayment/default modeling: The database can be utilized by policy makers, scientists, and regulators to enhance prepayment and default modeling and to implement stress-test scenarios for the entire national mortgage market.
  Description
  
  The NMDB puts together credit, administrative, maintenance, and residential or commercial property data for a nationally representative 5 percent sample of closed-end first-lien residential mortgages in the United States. The database includes the following details:
  
  - mortgage performance from origination to termination