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FHFA, CFPB release new dataset from National Survey of Mortgage Originations
On February 20, the FHFA and the CFPB announced the release of a new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO). Since 2014, every quarter the FHFA and the CFPB send the NSMO survey to borrowers who recently obtained a mortgage to gather feedback on their experiences, perceptions, and future expectations of the mortgage market. This is the second public use file release of the compiled NSMO data and includes an additional year of mortgage data (2017) as well as information through the third quarter of 2019. The NSMO is a component of the National Mortgage Database, which the FHFA and the CFPB launched in 2012 to help regulators better understand mortgage market trends. The NSMO supports policymaking and research efforts and fulfills the mortgage survey and mortgage market monitoring requirements of the Housing and Economic Recovery Act and the Dodd-Frank Act.