12 U.S.C. § 4544: Annual housing report

After reviewing and analyzing the reports submitted under section 1723a(n) of this title and section 1456(f) of this title , the Director shall submit a report, not later than October 30 of each year, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, on the activities of each enterprise. each enterprise is achieving the annual housing goals established under subpart 2; each enterprise is complying with its duty to serve underserved markets, as established under section 4565 of this title ; each enterprise is complying with section 4567 of this title ; each enterprise received credit towards achieving each of its goals resulting from a transaction or activity pursuant to section 4561(b)(2) of this title ; and each enterprise is achieving the purposes of the enterprise established by law; and the actions that each enterprise could undertake to promote and expand the purposes of the enterprise; aggregate and analyze relevant data on income to assess the compliance of each enterprise with the housing goals established under subpart 2; aggregate and analyze data on income, race, and gender by census tract and other relevant classifications, and compare such data with larger demographic, housing, and economic trends; identify the extent to which each enterprise is involved in mortgage purchases and secondary market activities involving subprime and nontraditional loans; compare the characteristics of subprime and nontraditional loans both purchased and securitized by each enterprise to other loans purchased and securitized by each enterprise; and the purchase price of the property that secures the mortgage; the loan-to-value ratio of the mortgage, which shall reflect any secondary liens on the relevant property; the terms of the mortgage; the creditworthiness of the borrower; and any other relevant data, as determined by the Director. To assist the Director in analyzing the matters described in subsection (b), the Director shall conduct, on a monthly basis, a survey of mortgage markets in accordance with this subsection. the price of the house that secures the mortgage; the loan-to-value ratio of the mortgage, which shall reflect any secondary liens on the relevant property; the terms of the mortgage; the creditworthiness of the borrower or borrowers; and whether the mortgage, in the case of a conforming mortgage, was purchased by an enterprise; the characteristics of individual subprime and nontraditional mortgages that are eligible for purchase by the enterprises and the characteristics of borrowers under such mortgages, including the creditworthiness of such borrowers and determination whether such borrowers would qualify for prime lending; and such other matters as the Director determines to be appropriate. is not released in an identifiable form; and is not otherwise obtainable from other publicly available data sets. For purposes of this subsection, the term “identifiable form” means any representation of information that permits the identity of a borrower to which the information relates to be reasonably inferred by either direct or indirect means.