[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR81.62]



[Page 457-458]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 81_THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL 

MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE 

CORPORATION (FREDDIE MAC)--Table of Contents

 

                    Subpart E_Reporting Requirements

 

Sec.  81.62  Mortgage reports.



    (a) Loan-level data elements. To implement the data collection and 

submission requirements for mortgage data and to assist the Secretary in 

monitoring the GSEs' housing goal activities, each GSE shall collect and 

compile computerized loan-level data on each mortgage purchased in 

accordance with 12 U.S.C. 1456(e) and 1723a(m). The Secretary may, from 

time-to-time, issue a list entitled ``Required Loan-level Data 

Elements'' specifying the loan-level data elements to be collected and 

maintained by the GSEs and provided to the Secretary. The Secretary may 

revise the list by written notice to the GSEs.

    (b) Quarterly Mortgage reports. Each GSE shall submit to the 

Secretary



[[Page 458]]



quarterly a Mortgage Report. The fourth quarter report shall serve as 

the Annual Mortgage Report and shall be designated as such.

    (1) Each Mortgage Report shall include:

    (i) Aggregations of the loan-level mortgage data compiled by the GSE 

under paragraph (a) of this section for year-to-date mortgage purchases, 

in the format specified in writing by the Secretary; and

    (ii) Year-to-date dollar volume, number of units, and number of 

mortgages on owner-occupied and rental properties purchased by the GSE 

that do and do not qualify under each housing goal as set forth in this 

part.

    (2) To facilitate the Secretary's monitoring of the GSE's housing 

goal activities, the Mortgage Report for the second quarter shall 

include year-to-date computerized loan-level data consisting of the data 

elements required under paragraph (a) of this section.

    (3) To implement the data collection and submission requirements for 

mortgage data and to assist the Secretary in monitoring the GSE's 

housing goal activities, each Annual Mortgage Report shall include year-

to-date computerized loan-level data consisting of the data elements 

required by under paragraph (a) of this section.

    (c) Timing of Reports. The GSEs shall submit the Mortgage Report for 

each of the first 3 quarters of each year within 60 days of the end of 

the quarter. Each GSE shall submit its Annual Mortgage Report within 75 

days after the end of the calendar year.

    (d) Revisions to Reports. At any time before submission of its 

Annual Mortgage Report, a GSE may revise any of its quarterly reports 

for that year.

    (e) Format. The GSEs shall submit to the Secretary computerized 

loan-level data with the Mortgage Report, in the format specified in 

writing by the Secretary.