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Home » Store » News » FHFA and CFPB Make Small Changes to NMDB Project

FHFA and CFPB Make Small Changes to NMDB Project

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The Federal Housing Finance Agency and the Consumer Financial Protection Bureau recently teamed up to release a joint technical report detailing the progress made so far in creating a National Mortgage Database. They also made a few changes including updating the sample design and merging with other data sources for more detailed information. The database has been in the works for 2.5 years but completion of the joint venture may still be a ways away. The NMDB will be a resource for research and analysis of the U.S. residential mortgage market. The database, the first mortgage data repository of its kind, according to the two agencies, includes information about the mortgage market based on a 5 percent sample of residential mortgages.
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