[Federal Register Volume 76, Number 239 (Tuesday, December 13, 2011)]
[Notices]
[Pages 77533-77534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-31946]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2011-N-13]


Notice of Order: Revisions to Enterprise Public Use Database 
Incorporating High-Cost Single-Family Securitized Loan Data Fields and 
Technical Data Field Changes

AGENCY: Federal Housing Finance Agency.

ACTION: Supplementary notice.

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SUMMARY: This document updates information that appeared in the Notice 
of Order published in the Federal Register on September 28, 2011.

FOR FURTHER INFORMATION CONTACT: For questions on data or methodology, 
contact: Ian Keith, Senior Program Analyst, (202) 408-2949, Office of 
Housing & Regulatory Policy, 1625 Eye Street NW., Washington, DC 20006. 
mailto: [email protected]. For legal questions, contact: Sharon Like, 
Managing Associate General Counsel, (202) 414-8950, Office of General 
Counsel, 1700 G Street NW., Fourth Floor, Washington, DC 20552. These 
are not toll free numbers. The telephone number for the 
Telecommunications Device for the Hearing Impaired is (800) 877-8339.

SUPPLEMENTARY INFORMATION: The Federal Housing Finance Agency (FHFA) 
published a Notice of Order in the Federal Register of September 28, 
2011 at 76 FR 60031, regarding FHFA's adoption of an Order revising 
FHFA's Public Use Database matrices to include certain data fields for 
high-cost single-family loans purchased and securitized by the Federal 
National Mortgage Association (Fannie Mae) and the Federal Home Loan 
Mortgage Corporation (Freddie Mac). The SUPPLEMENTARY INFORMATION in 
the Notice of Order stated that, based on data reported by Fannie Mae 
and Freddie Mac, in 2010, Freddie Mac did not purchase and securitize 
any first mortgages with a Home Mortgage Disclosure Act rate spread at 
or above 1.5 percent. (Id. at 60033). In reaching this determination, a 
multiplier factor should have been applied to the reported rate spread 
decimal values. Applying the multiplier factor to 2010 data, Freddie 
Mac purchased and securitized a total of 6,030 first mortgages (with an 
unpaid principal balance (UPB) of $897.6 million) with a valid Home 
Mortgage Disclosure Act rate spread. Of these total loans, 75 loans 
(with a UPB of $13.2 million) were repurchased as of year-end, and 
5,955 loans (with a UPB of $884.4 million) were not repurchased as of 
year-end. The 75 loans repurchased represent 1.2 percent of the total 
loans (1.5 percent of UPB) with a validly identified rate spread that 
were purchased and securitized during 2010.
    Based on this updated data, Freddie Mac's 2010 high-cost 
securitized loan data has been released in the National File C Data 
Set, and the rate spread field has been corrected in the Single Family 
Census Tract Data Set. Both files are available at http://www.fhfa.gov/Default.aspx?Page=367.


[[Page 77534]]


    Dated: December 7, 2011.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2011-31946 Filed 12-12-11; 8:45 am]
BILLING CODE 8070-01-P