National Survey of Mortgage Originations

OMB 2590-0012

The Federal Housing Finance Agency (FHFA) is required to conduct a monthly mortgage market survey under section 1324 of the Housing and Economic Recovery Act of 2008 (HERA). As part of that mandate, FHFA must collect information on the characteristics of individual subprime and nontraditional mortgages, as well as on the characteristics of borrowers on such mortgages, including information on the creditworthiness of those borrowers and information sufficient to determine whether those borrowers would have qualified for prime lending. The National Survey of Mortgage Originations (NSMO) questionnaire is designed to elicit this information directly from borrowers, who are likely to be the most reliable and accessible-and, in some cases, the only-source for this information. In addition, the questionnaire is designed to elicit more complete information on mortgage terms, mortgaged properties, and borrowers' household demographics than can be obtained from the existing sources. FHFA's intention is that the information obtained from the NSMB, in combination with that obtained from the existing sources, will make the National Mortgage Database a high quality, and timely resource for information on developments in the residential mortgage finance market. The NSMB will be especially critical in ensuring that the National Mortgage Database contains uniquely comprehensive information on the range of nontraditional and subprime mortgage products being offered, the methods by which these mortgages are being marketed and the characteristics, and particularly creditworthiness, of borrowers for these types of loans. These data will enable FHFA to fulfill its regulator mandate set out in HERA and support general rulemaking.

The latest form for National Survey of Mortgage Originations expires 2023-06-30 and can be found here.

Latest Forms, Documents, and Supporting Material

Document Name
Form OMB 2590-0012 Pre-Testing of Survey Materials Form and Instruction
Form OMB No. 2590-0012 National Survey of Mortgage Originations (NSMO) Form and Instruction
NSMO Supporting Statement.docx Supporting Statement B
NSMO Supporting Statement.docx Supporting Statement A
4 NSMO Communication Package (in English and Spanish) for 2023 Q1.pdf Supplementary Document
2 60-Day PRA Notice 87 FR 74616 (Dec 6, 2022).pdf Supplementary Document
3b NMDB SORN Revision, 81 FR 95595 (Dec. 28, 2016).pdf Supplementary Document
1 FHFA_NSMO_Q123_Questionnaire_FINAL_01_31_22.pdf Supplementary Document
5 List of National Mortgage Database stakeholders.pdf Supplementary Document
3a NMDB SORN, 80 FR 52225 (Aug. 28, 2015).pdf Supplementary Document
NSMO SS#03--Section 1324 of Safety & Soundness Act (12 USC 4544).pdf Supplementary Document
Pre-Testing of Survey Materials Form and Instruction
National Survey of Mortgage Originations (NSMO) Form and Instruction

All Historical Document Collections

202304-2590-001 Approved without change	Revision of a currently approved collection	2023-04-14
202003-2590-007 Approved without change	Extension without change of a currently approved collection	2020-04-03
201612-2590-001 Approved without change	Revision of a currently approved collection	2016-12-28
201306-2590-001 Approved with change	New collection (Request for a new OMB Control Number)	2013-07-01

OMB Details

National Survey of Mortgage Originations (NSMO)

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight

Form OMB No. 2590-0012

National Survey of Mortgage Originations

www.NSMOsurvey.com

Form and instruction

Review document collections for all forms, instructions, and supporting documents - including paper/printable forms.