VT Mortgage Bankers Association Mortgage Compliance Conference Friday, March 4, 2011 Lake Morey Resort, Fairlee, VT

NMLS Mortgage Call Report (MCR) Purpose  Timely and uniform company mortgage activity and financial condition reporting through the NMLS  Mortgage Call Report will provide state mortgage regulators with the data necessary for effective monitoring of their licensees and mortgage activities in their state  The NMLS Mortgage Call Report will also provide companies with uniform reporting requirements across state lines

The Basics  Standard Section  All companies  Expanded Section  Companies that are approved Fannie Mae or Freddie Mac Sellers/Servicers or are Ginnie Mae Issuers

Standard Section  Production activity submitted on a calendar quarterly basis  Activity segregated by each state  Financial information submitted on annual fiscal basis

Expanded Section  Includes data elements of Standard Section  Information collected on the Mortgage Bankers’ Financial Reporting Form (MBFRF)  Production activity submitted on a calendar quarterly basis  Activity segregated by each state  Financial information submitted on a calendar quarterly basis

General Information  Terms and instructions are same as HMDA and MBFRF  Must reflect the complete residential mortgage activity of the company by state  Must include all data for the MLOs employed by a company  Information is reflective of quarter and is not cumulative  Due within 45 days of end of quarter

General Information  Financial condition report of the Standard Section is due annually 90 days from company’s fiscal year  Not all information on forms is applicable to every company, can provide a N/A or 0 (zero) value  Text box is available for company to provide explanatory notes

Standard - RMLA Section I  Application Data Categories  Directly received from borrower  Received from 3 rd party  Closed Loan Data Categories  Brokered  Closed – Retail Application  Closed – Wholesale Application  Mortgage Loan Originator Data  Name & NMLS ID #  Amount & count

Standard - RMLA Section I  Application Data  Applications In Process at the Beginning of the Period  Applications Received  Applications Approved but not Accepted  Applications Denied  Applications Withdrawn  File Closed for Incompleteness  Loans Originated  Applications in Process at the End of the Period

Standard - RMLA Section I  Closed Loan Data  Loan Type  Property Type  Purpose of Loan or Application  HOEPA  Lien Status  Fee Information

Standard - RMLA Section I  Reverse Mortgages  Loan Type  Purpose of Reverse Mortgage  Fee Information  Repurchase Information  Lines of Credit

Expanded - RMLA Section II  Residential First Mortgage (1-4 Unit Residential ONLY)  Other Mortgages

Expanded - RMLA Section II  First Residential Mortgages  Retail, Wholesale Correspondent, Wholesale Broker  Fixed Rate, ARM  Jumbo, Non-Jumbo  Interest Only  Option ARMS  Loans with Prepayment Penalties

Expanded - RMLA Section II  First Residential Mortgages (cont.)  Purchase, Refi, Cash Out, Restructure  Owner-Occupied  Loans with PMI  Loans with Piggyback Seconds  Borrowers with FICO Scores  LTV ratios  Investors

Expanded - RMLA Section III  Modifications  Contracted for by Lienholder/Servicer  Delinquency Status  Foreclosure Status

Important Reminders  All licenses must submit on or before April 1, 2010, the Annual Report of Licensee for Year Ending December 31, 2010 to the Vermont Banking Division  Complete MCR within 45 days of end of calendar quarter  Submit financial reports within 90 days of end of licensee’s fiscal year in addition to reporting requirements of MCR

Important Links  Vermont Banking Division  NMLS Resource Center