§ 4544. Annual housing report
(a)
In general
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.
(b)
Contents
The report required under subsection (a) shall—
(1)
discuss—
(A)
the extent to and manner in which—
(ii)
each enterprise is complying with its duty to serve underserved markets, as established under section
4565 of this title;
(2)
aggregate and analyze relevant data on income to assess the compliance of each enterprise with the housing goals established under subpart 2;
(3)
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;
(4)
identify the extent to which each enterprise is involved in mortgage purchases and secondary market activities involving subprime and nontraditional loans;
(5)
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
(6)
compare the characteristics of high-cost loans purchased and securitized, where such securities are not held on portfolio to loans purchased and securitized, where such securities are either retained on portfolio or repurchased by the enterprise, including such characteristics as—
(c)
Data collection and reporting
(1)
In general
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.
(2)
Data points
Each monthly survey conducted by the Director under paragraph (1) shall collect data on—
(A)
the characteristics of individual mortgages that are eligible for purchase by the enterprises and the characteristics of individual mortgages that are not eligible for purchase by the enterprises including, in both cases, information concerning—
(B)
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