FHFA, CFPB To Team Up On National Mortgage Database

Law360, New York (November 1, 2012, 5:56 PM EDT) -- The Federal Housing Finance Agency and Consumer Financial Protection Bureau unveiled plans Thursday to create a national mortgage database, claiming it will help regulators follow trends in the mortgage and housing markets and aid policymaking efforts.

The database will include information that spans the life of a mortgage loan, from origination through servicing, and will include several borrower characteristics, the agencies said. Specifically, it will include loan-level data about the mortgage, including the borrower’s financial and credit profile, the mortgage product and terms, the property purchased...
To view the full article, register now.