Public Use Databases

The Housing and Economic Recovery Act (HERA) of 2008 requires certain information be made publicly available.  Sections 1126 and 1212 address the availability of a “public use database”.

PUBLIC USE DATABASE FOR FANNIE MAE AND FREDDIE MAC
Per Section 1126

Section 1323 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (42 U.S.C. 4543) is amended—

(1) in subsection (a)—

(A) by striking ‘‘(a) IN GENERAL.—The Secretary’’ and inserting the following:

‘‘(a) AVAILABILITY.—

‘‘(1) IN GENERAL.—The Director’’; and (B) by adding at the end the following new paragraph:

‘‘(2) CENSUS TRACT LEVEL REPORTING.—Such data shall include the data elements required to be reported under the Home Mortgage Disclosure Act of 1975, at the census tract level.’’;

(2) in subsection (b)(2), by inserting before the period at the end the following: ‘‘or with subsection (a)(2)’’; and

(3) by adding at the end the following new subsection:

‘‘(d) TIMING.—Data submitted under this section by an enterprise in connection with a provision referred to in subsection (a) shall be made publicly available in accordance with this section not later than September 30 of the year following the year to which the data relates.’’.

FOR MORE INFORMATION ON THE PUBLIC USE DATABASE FOR FANNIE MAE AND FREDDIE MAC go to:  http://www.fhfa.gov/Default.aspx?Page=137. 

FHLBANK PUBLIC USE DATABASE
Per Section 1212

(1) DATA.—Each Federal Home Loan Bank shall provide to the Director, in a form determined by the Director, census tract level data relating to mortgages purchased, if any, including—

(A) data consistent with that reported under section 1323 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992;

(B) data elements required to be reported under the Home Mortgage Disclosure Act of 1975; and

(C) any other data elements that the Director considers appropriate.

(2) PUBLIC USE DATABASE.—

(A) IN GENERAL.—The Director shall make available to the public, in a form that is useful to the public (including forms accessible electronically), and to the extent practicable, the data provided to the Director under paragraph (1).

(B) PROPRIETARY INFORMATION.—Not withstanding subparagraph (A), the Director may not provide public access to, or disclose to the public, any information required to be submitted under this subsection that the Director determines is proprietary or that would provide personally identifiable information and that is not otherwise publicly accessible through other forms, unless the Director determines that it is in the public interest to provide such information.

FOR MORE INFORMATION ON THE FHLBANK PUBLIC USE DATABASE go to: http://www.fhfa.gov/Default.aspx?Page=304.