Privacy Act of 1974; System of Records, 52275-52279 [2015-21288]

Download as PDF Lhorne on DSK5TPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices Estimated Number of Respondents: 5135. Estimated Average Burden per Respondent: .5 hours. Estimated Total Annual Burden Hours: 2434 hours. General Description of Collection: This is a collection of information involving the submission of various forms by contractors doing business with the FDIC. FDIC Form 3700/59, Fair Inclusion of Minorities and Women, is a contract clause implementing Section 342 (c)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5452). The contract clause seeks a commitment from an FDIC Contractor to ensure, to the maximum extent possible consistent with applicable law, the fair inclusion of minorities and women in its workforce and the workforces of its applicable subcontractors. Further, the clause asserts the FDIC’s right to request documentation from the Contractor that demonstrates the Contractor’s good faith effort to include minorities and women in its workforce and subcontractors’ workforces, and requires the Contractor to annually certify that it has made such good faith efforts. FDIC Form 3700/04A, Contractor Representations and Certification, must be completed by any offeror that responds to a solicitation for an award over $100,000. The Form is being revised to add two certifications, ‘‘Certification Regarding Fair Inclusion of Minorities and Women’’ and ‘‘Representation by Corporations Regarding an Unpaid Delinquent Federal Tax Liability.’’ The ‘‘Certification Regarding Fair Inclusion of Minorities and Women’’ implements § 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5452) and requires an offeror to certify to its commitment to equal opportunity in employment and contracting and that it has made and will continue to make a good faith effort to ensure, to the maximum extent possible, the fair inclusion of minorities and women in its workforce and in the workforce of its applicable subcontractors. The ‘‘Representation by Corporations Regarding an Unpaid Delinquent Federal Tax Liability’’ implements Section 744 of Division E, Title VII, of the Consolidated and Further Continuing Appropriations Act, 2015 (Pub. L. 113–235)), by requiring an offeror to represent whether it is or is not ‘‘a corporation that has any unpaid Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 pursuant to an agreement with the authority responsible for collecting the tax liability.’’ Request for Comment Comments are invited on: (a) Whether the collections of information are necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the collections of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 25th day of August 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–21335 Filed 8–27–15; 8:45 am] BILLING CODE 6741–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2015–N–07] Privacy Act of 1974; System of Records Federal Housing Finance Agency. ACTION: Notice of revision to an existing system of records; request for comments. AGENCY: In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a (Privacy Act), the Federal Housing Finance Agency (FHFA) is reissuing the system of records entitled ‘‘National Mortgage Database Project’’ (FHFA–21). FHFA is re-issuing this notice in response to comments received on the Notice published on April 16, 2014 at 79 FR 21458. In reissuing this notice, FHFA requests further comments on the below revisions to the existing system of records. This revised system of records covers the National Mortgage Database Project (‘‘Project’’), which is comprised of three components: (1) The National Mortgage Database (‘‘NMDB’’); (2) the information used to create the NMDB but will not be contained within the NMDB; and (3) National Surveys of Mortgage Borrowers (‘‘Surveys’’). The Project is designed to SUMMARY: PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 52275 satisfy the Congressionally-mandated requirements of section 1324(c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. Under this statutory provision, FHFA must, through surveys of the mortgage market, collect information on the characteristics of individual mortgages, including those that are eligible for purchase by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) as well as those that are not, and subprime and nontraditional mortgages, including information on the creditworthiness of those borrowers sufficient to determine whether they would have qualified for prime lending. DATES: To be assured of consideration, comments must be received on or before October 27, 2015. The revisions to the existing system will become effective on November 6, 2015 unless comments necessitate otherwise. FHFA will publish a new notice if, in order to review comments, the effective date is delayed or if changes are made based on comments received. ADDRESSES: Submit comments, identified by ‘‘2015–N–07,’’ using only one of the following methods: • Agency Web site: www.fhfa.gov/ open-for-comment-or-input. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at RegComments@fhfa.gov to ensure timely receipt by FHFA. Please include ‘‘2015–N–07’’ in the subject line of the message. • Hand Delivered/Courier: The hand delivery address is: Alfred M. Pollard, General Counsel, Attention: Comments/ 2015–N–07, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. To ensure timely receipt of hand delivered package, please ensure that the package is delivered to the Seventh Street entrance Guard Desk, First Floor, on business days between 9 a.m. to 5 p.m. • U.S. Mail, United Parcel Service, Federal Express, or Other Mail Service: The mailing address for comments is: Alfred M. Pollard, General Counsel, Attention: Comments/2015–N–07, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. Please note that all mail sent to FHFA via the U.S. Postal Service is routed through a national irradiation facility, a process that may delay E:\FR\FM\28AUN1.SGM 28AUN1 52276 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices delivery by approximately two weeks. For any time-sensitive correspondence, please plan accordingly. See SUPPLEMENTARY INFORMATION for additional information on submission and posting of comments. FOR FURTHER INFORMATION CONTACT: Forrest Pafenberg, Program Manager, National Mortgage Database Project, Forrest.Pafenberg@fhfa.gov or (202) 649–3129; Stacy Easter, Privacy Act Officer, privacy@fhfa.gov or (202) 649– 3803; or David A. Lee, Senior Agency Official for Privacy, privacy@fhfa.gov or (202) 649–3803 (not toll-free numbers), Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Deaf is 800–877–8339. SUPPLEMENTARY INFORMATION: I. Comments FHFA seeks public comments on the revised system of records for the National Mortgage Database Project (FHFA–21) and will take all comments into consideration. See 5 U.S.C. 552a(e)(4) and (11). In addition to referencing ‘‘Comments/2015–N–07,’’ please reference ‘‘National Mortgage Database Project’’ (FHFA–21). All comments received will be posted without change on the FHFA Web site at https://www.fhfa.gov, and will include any personal information provided, such as name, address (mailing and email), and telephone numbers. In addition, copies of all comments received will be available without change for public inspection on business days between the hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20024. To make an appointment to inspect comments, please call the Office of General Counsel at (202) 649–3804. Lhorne on DSK5TPTVN1PROD with NOTICES II. Introduction This revised system of records covers the National Mortgage Database Project (‘‘Project’’), which is comprised of three components: (1) The National Mortgage Database (‘‘NMDB’’); (2) the information used to create the NMDB but will not be contained within the NMDB; and (3) National Surveys of Mortgage Borrowers (‘‘Surveys’’). Each of these components is described below. The revised system of records, ‘‘National Mortgage Database Project’’ (FHFA–21), will contain records related to the creation of the NMDB. The core data for the NMDB are drawn from data maintained by one of the three national credit repositories as well as data to be drawn from: (1) Administrative data VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 sources including existing mortgage data from Fannie Mae, Freddie Mac, the Federal Home Loan Banks (Banks), the Federal Housing Administration (FHA), the United States Department of Veterans Affairs (VA), and other government agencies; (2) Home Mortgage Disclosure Act (HMDA) data; and (3) other commercially available mortgage, property, and appraisal sources. Data from these various sources will be used to create and update the NMDB. Once the NMDB has been created from these sources, the input datasets will be permanently deleted and will not be maintained by the Project. The NMDB does not contain and is not a credit report or set of credit reports as defined under the Federal Credit Report Act, 15 U.S.C. 1681 et seq. Any information on borrower(s) in the NMDB that is available to FHFA, the Consumer Financial Protection Bureau (CFPB), or other authorized users of the NMDB is de-identified and does not include directly-identifiable information, such as borrower/coborrower name, address, Social Security number or date of birth. Construction of the NMDB begins with a random 1-in-20 sample of all first lien mortgages in the credit repository’s files that were outstanding at any time between January 1998 (the start date of the data collection at the credit repository) and June 2012 (the start date of the Project). Each quarter a random 1in-20 sample of mortgages that are newly reported to the credit repository is added. Currently the NMDB has been updated with this credit repository data through June 2015 and it will continue to be updated in the future. Mortgages remain in the NMDB until they terminate through prepayment (including refinancing), foreclosure or maturity. Information from credit repository files on each borrower associated with the mortgages in the NMDB will be collected from one year prior to origination to one year after termination of the mortgage. In addition to the creation of the NMDB, the Project includes voluntary surveys of mortgage borrowers as part of the Surveys. The Surveys’ target universe is first-lien closed-end residential mortgages and the associated borrowers. The Surveys supplement the NMDB with information not currently available through existing data sources. To achieve this objective, the Surveys draw their samples from mortgages that are part of the NMDB. Responses to the Surveys will be maintained in de-identified form as part of the Project. Individuals contacted by the Surveys may choose to opt out of any future communications about the PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 Surveys. Participation in the Surveys and opt-out list is voluntary and the optout list is kept separate from the NMDB by a third party vendor. The opt-out list contains the name and address of those individuals who have opted out of receiving communications about the Surveys in order to ensure that these individuals do not receive any future communications about the Surveys after opting out. FHFA and CFPB employees will not have access to this list. This notice satisfies the Privacy Act requirement that an agency publishes a system of records notice in the Federal Register when there is an addition or change to the agency’s systems of records. Although Congress established general exemptions and specific exemptions that could be used to exempt records from provisions of the Privacy Act, the Director of FHFA has determined that records and information in this system of records are not exempt from the requirements of the Privacy Act. As required by the Privacy Act, 5 U.S.C. 552a(r), and pursuant to paragraph 4c of Appendix I to OMB Circular No. A–130, ‘‘Federal Agency Responsibilities for Maintaining Records About Individuals,’’ dated February 8, 1996 (61 FR 6427, 6435 (February 20, 1996)), FHFA has submitted a report describing the system of records covered by this notice to the Committee on Oversight and Government Reform of the House of Representatives, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Office of Management and Budget. III. Revised System of Records The revised system of records notice is set out in its entirety and described in detail below. The revisions from the previous SORN that FHFA issued in April 2014 include: (1) Deleting certain data fields that will not be collected and will not be part of the Project (i.e., language, religion, census block, telephone number, and latitude/ longitude); (2) clearly delineating the individuals covered by the system; (3) deleting various routine uses and adding one where de-identified data may be shared with federal financial regulators and other U.S. Government agencies for supervisory purposes and for conducting research and analysis related to the mortgage markets; (4) clearly articulating that for purposes of updating the database, information will be updated through a de-identified database-specific constructed loan identifier or encrypted unique identification numbers that will be used solely to aid in the compiling and E:\FR\FM\28AUN1.SGM 28AUN1 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices tracking of the data used from other matching datasets; and (5) notifying the public of the existence of an opt-out list and the information contained therein. FHFA–21 SYSTEM NAME: National Mortgage Database Project. SECURITY CLASSIFICATION: Sensitive but unclassified. SYSTEM LOCATION: Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024, and Experian Information Solutions Inc., 475 Anton Blvd., Costa Mesa, CA 92626. CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM: Across the three components of the National Mortgage Database Project, information about individuals in the system will contain records that have been collected from: (1) Credit repository data; (2) administrative data sources including existing mortgage data from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal Home Loan Banks (Banks), the Federal Housing Administration (FHA), the United States Department of Veterans Affairs (VA), and other government agencies; (3) Home Mortgage Disclosure Act (HMDA) data; (4) members of the public as part of the National Surveys of Mortgage Borrowers; and (5) other commercially available mortgage, property, and appraisal sources. Lhorne on DSK5TPTVN1PROD with NOTICES CATEGORIES OF RECORDS IN THE SYSTEM: This revised system of records covers the National Mortgage Database Project (‘‘Project’’), which is comprised of three components: (1) The National Mortgage Database (‘‘NMDB’’); (2) the information used to create the NMDB but will not be contained within the NMDB; and (3) National Surveys of Mortgage Borrowers (‘‘Surveys’’). Across these three components of the NMDB Project, records include five forms of loan-level data: mortgage record, real estate transaction, household demographic data on the borrower(s), physical characteristics of the house and neighborhood, and performance data on the mortgage and credit lines (i.e., credit cards, student loans, auto loans, and other loans reported to credit bureaus) of the mortgage borrower(s). The three components are described below. Under the first component and when the development phase of the NMDB is completed, the NMDB will contain deidentified records of borrowers and VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 properties associated with a 1-in-20 nationally representative random sample of mortgages. These deidentified records may include: (1) Borrower(s) information (age, ZIP Code, race/ethnicity, gender, presence of children by various age categories, household income, credit score(s) of borrower(s) at origination, deceased indicator, and marital status); (2) Mortgage Information (current balance, actual monthly payment, delinquency grid, scheduled monthly payment, refinanced amount, and bankruptcy information); (3) Credit card/other loan information (account type, credit amount, account balance amount, account past due amount, account minimum payment amount, account actual payment amount, account high balance amount, account charge off amount, and second mortgage); (4) Property Attributes (property type, number of bedrooms and bathrooms, square footage, lot size, year built/age of structure, units in structure, most recent assessed value (per tax roll), year of most recent assessed value, effective age of structure, project name, and neighborhood name); (5) Real Estate Transaction Attributes (sales price, down payment, occupancy status (own, rent), new versus existing home, county, census tract, and date purchased); and (6) Mortgage Characteristics Attributes (mortgage product and purpose, origination date, acquisition date, amount of mortgage, refinanced amount, amount of down payment, term of mortgage, interest rate of mortgage, source of mortgage/mortgage channel, mortgage insurance type, loan to value at origination, origination amount/credit limit, originator, servicer(s), debt to income ratio at origination, number of borrower(s), number of units covered by the mortgage and the total number of units in the associated property, presence of prepayment penalty, origination points paid by borrower(s), discount points paid by borrower(s), balloon payment date/amount, percent of down payment, and secondary market indicator). Under the second component, and solely for the purposes of matching records in the NMDB with other datasets as part of the construction of the NMDB, records may include: borrower(s) information such as name, address, Social Security number, date of birth, and mortgage account number. Records with direct identifying information, including name, address, Social Security numbers, date of birth, and mortgage account numbers, will be used solely by a credit repository behind a firewall for purposes of PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 52277 matching the records with other datasets, which will better enable FHFA to perform the statutory functions identified below. FHFA and Consumer Financial Protection Bureau (CFPB) employees will not have access to this direct identifying information. The matching will be conducted by a credit repository. The matching will be conducted behind a firewall using a blind matching process on a 1-in-20 nationally representative random sample. FHFA and CFPB employees will not have access to this blind matching process. After the matching is complete, the records with direct identifying information (name, Social Security number, date of birth, and mortgage account number) will be permanently destroyed by the credit repository and will not be maintained. A de-identified dataset, as described above, will be used for conducting research on and analysis of the mortgage markets. FHFA may obtain updates or supplements to this de-identified dataset and, in those circumstances, may use record locaters unique to the source providing the update in order to update or supplement records. In these instances, FHFA’s credit repository vendor may retain property address solely for the purpose of updating matches or conducting future matches with new data sets. FHFA and CFBP employees will not have access to this information. Under the third component, the Surveys will collect and maintain records on demographic information from a subset of individuals who voluntarily respond to the Surveys to include: education status, military status, financial events and life events in the last couple of years, and assets and wealth. An opt-out list will be maintained by a third party vendor containing the name and address for those individuals who have opted-out in order to ensure that they do not receive future communications from the Surveys. FHFA and CFPB employees will not have access to this list. AUTHORITY FOR MAINTENANCE OF THE SYSTEM: 12 U.S.C. 4511, 4513, 4543, and section 1324 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) as amended by section 1125 of the Housing and Economic Recovery Act of 2008 (12 U.S.C. 4544 and 4544(c)). PURPOSE(S): The records in this system of records are collected and maintained in order to facilitate mandatory reporting under the E:\FR\FM\28AUN1.SGM 28AUN1 52278 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices Safety and Soundness Act as well as to conduct research, performance modeling, and examination monitoring. The statutory mandate for a monthly mortgage market survey requires FHFA to survey the full breadth of the mortgage market, including mortgages that are eligible for purchase by Fannie Mae and Freddie Mac and those that are not. Under this statutory mandate, FHFA is required to collect data on the characteristics of individual mortgages including, among other items, the price of the property, the terms of mortgages, and the creditworthiness of borrowers. The records in the opt-out list are maintained by a third party vendor in order to ensure that those individuals who have opted out of receiving communications about the Surveys do not receive any further communications. Lhorne on DSK5TPTVN1PROD with NOTICES ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES OF USERS AND THE PURPOSES OF SUCH USES: In addition to those disclosures generally permitted under 5 U.S.C. 552a(b) of the Privacy Act, these records or information contained therein may specifically be disclosed outside FHFA as a routine use pursuant to 5 U.S.C. 552a(b)(3) as follows: (1) When (a) it is suspected or confirmed that the security or confidentiality of information in the system of records has been compromised; (b) FHFA has determined that as a result of the suspected or confirmed compromise there is a risk of harm to economic or property interests, identity theft or fraud, or harm to the security or integrity of this system or other systems or programs (whether maintained by FHFA or another agency or entity) that rely upon the compromised information; and (c) the disclosure is made to such agencies, entities, and persons who are reasonably necessary to assist in connection with FHFA’s efforts to respond to the suspected or confirmed compromise and prevent, minimize, or remedy such harm. (2) To members of advisory committees that are created by FHFA or by Congress to render advice and recommendations to FHFA or to Congress, to be used solely in connection with their official, designated functions. (3) To contractor personnel and other authorized individuals working on a contract, cooperative agreement, or project for FHFA or CFPB related to the NMDB. (4) To the Office of Management and Budget, Department of Justice, Department of Homeland Security, or other federal financial regulatory VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 agencies to obtain advice regarding statutory, regulatory, policy, and other requirements related to the purpose for which FHFA collected the records. (5) To the National Archives and Records Administration or other federal agencies pursuant to records management inspections being conducted under the authority of 44 U.S.C. 2904 and 2906. (6) To a federal agency, organization, or individual for the purpose of performing audit or oversight operations as authorized by law, but only such information as is necessary and relevant to such audit or oversight function. (7) To an FHFA regulated entity. (8) De-identified, anonymized data with the CFPB in order to facilitate reporting under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111–203), as well as to conduct research, performance modeling, and market monitoring. (9) De-identified, anonymized data to federal financial regulators and other U.S. Government agencies for conducting research and analysis related to the mortgage markets and for supervisory purposes; servicers are not identified and information cannot be used for enforcement actions against servicers. DISCLOSURE TO CONSUMER REPORTING AGENCIES: None. POLICIES AND PRACTICE FOR STORING, RETRIEVING, ACCESSING, RETAINING AND DISPOSING OF RECORDS IN THE SYSTEM: component of the Project for the Surveys opt-out list, information will be held by a third party vendor and may be retrieved by that vendor by name or address. SAFEGUARDS: Records are safeguarded in a secured environment. Buildings where records are stored have security cameras and 24hour security guard service. Computerized records are safeguarded through use of access codes and other information technology security measures. Paper records are safeguarded by locked file rooms, locked file cabinets, or locked safes. Access to the records is restricted to those individuals who require access to the records in the performance of official duties related to the purposes for which the system is maintained and who have agreed, in writing, to maintain the confidentiality and integrity of the data. RETENTION AND DISPOSAL: Records are maintained in accordance with National Archives and Records Administration and FHFA retention schedules. Records are disposed of according to accepted techniques. SYSTEM MANAGER(S) AND ADDRESS: Project Manager, National Mortgage Database Project, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. NOTIFICATION PROCEDURES: Records are maintained in electronic format, paper form, and magnetic disk or tape. Electronic records are stored in computerized databases. Paper and magnetic disk or tape records are stored in locked file rooms, locked file cabinets, or locked safes. Direct inquiries as to whether this system contains a record pertaining to an individual to the Privacy Act Officer. Inquiries may be mailed to the Privacy Act Officer, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024, or electronically at https://www.fhfa.gov/AboutUs/ FOIAPrivacy/Pages/Privacy.aspx in accordance with the procedures set forth in 12 CFR part 1204. RETRIEVABILITY: RECORD ACCESS PROCEDURES: For the purposes of compiling data from the data sources under the second component of the Project, the records may contain anonymized personal identifiers (i.e., a database-specific constructed loan identifier or encrypted unique identification numbers) for purposes of matching the records with other datasets. After the matching is complete, a de-identified copy of the matched dataset will be used under the first component of the Project for conducting research and analysis as described above. FHFA may retain these anonymized personal identifiers after the matching, but only for the purpose of performing similar matches on future data acquisitions. Under the third Direct requests for access to the Privacy Act Officer. Requests may be mailed to the Privacy Act Officer, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024, or can be submitted electronically at https://www.fhfa.gov/ AboutUs/FOIAPrivacy/Pages/ Privacy.aspx in accordance with the procedures set forth in 12 CFR part 1204. STORAGE: PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 CONTESTING RECORD PROCEDURES: Direct requests to contest or appeal an adverse decision for a record to the Privacy Act Appeals Officer. Requests may be mailed to the Privacy Act Appeals Officer, Federal Housing E:\FR\FM\28AUN1.SGM 28AUN1 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices Finance Agency, 400 Seventh Street SW., Washington, DC 20024, or can be submitted electronically at https:// www.fhfa.gov/AboutUs/FOIAPrivacy/ Pages/Privacy.aspx in accordance with the procedures set forth in 12 CFR part 1204. RECORD SOURCE CATEGORIES: The information in this system will be obtained from: (1) Credit repository data; (2) administrative data sources, including mortgage data from Fannie Mae, Freddie Mac, the Banks, FHA, VA, and other government agencies; (3) HMDA data; (4) other commerciallyavailable mortgage, property, and appraisal sources; and (5) individuals who voluntarily respond to the Surveys. EXEMPTIONS CLAIMED FOR THE SYSTEM: None. Dated: August 20, 2015. Melvin L. Watt, Director, Federal Housing Finance Agency. [FR Doc. 2015–21288 Filed 8–27–15; 8:45 am] BILLING CODE 8070–01–P Board of Governors of the Federal Reserve System, August 25, 2015. Michael J. Lewandowski, Associate Secretary of the Board. FEDERAL RESERVE SYSTEM Lhorne on DSK5TPTVN1PROD with NOTICES Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company [FR Doc. 2015–21313 Filed 8–27–15; 8:45 am] The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than September 14, 2015. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. William M. Pfeffer, New Berlin, Illinois, individually and acting in concert with Mary Bobett Gerlach, Springfield, Illinois; Betsy Pech, Lincoln, Illinois; and Barbara Pfeffer, Herrin, Illinois, as beneficiaries of the Robert Pfeffer Trust, as amended June 14, 1999; to acquire voting shares of WB Bancorp, Inc., and thereby indirectly acquire VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 voting shares of Warren-Boynton State Bank, both in New Berlin, Illinois. B. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community Development Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: 1. Smith Stock Ownership Trust, Guy Richard Smith and Courtney B. Smith Miller as trustees; all of Hot Springs, Arkansas; to acquire voting shares of Smith Associated Banking Corporation, Hot Springs, Arkansas, and thereby indirectly acquire voting shares of Bank of Salem, Salem, Arkansas, and Security Bank, Stephens, Arkansas. C. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Cheryl A. Carr, Brett S. Carr, both of Wichita, Kansas; Nancy B. Carr, Terry L. Carr, both of Leawood, Kansas; and Erin B. Hamell, Andover, Kansas; to become part of the Carr family group acting in concert, and to acquire voting shares of Community State Bancshares, Inc., and thereby indirectly acquire voting shares of Community Bank of Wichita, Inc., both in Wichita, Kansas. BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance AGENCY: PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 52279 Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Report Report title: Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau’s (CFPB) Regulation E (Electronic Fund Transfer Act). Agency form number: Reg E. OMB control number: 7100–0200. Frequency: Event-generated. Reporters: State member banks, their subsidiaries, subsidiaries of bank holding companies, U.S. branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act (12 U.S.C. 601–604a; 611–631). Estimated annual reporting hours: Initial disclosures, 6,363 hours; Changein-terms, 5,769 hours; Periodic statements, 15,960 hours; Error resolution, 15,270 hours; Gift card exclusion policies and procedures, 8,144 hours; Gift card policy and procedures, 8,144 hours; Remittance transfer disclosures (one-time), 122,160 hours; Remittance transfer disclosures (ongoing), 97,728 hours; Error notice from sender (consumers)(ongoing), 61,083 hours; Time limits and extent of investigation (ongoing), 54,972 hours; Transmitter error resolution standards and recordkeeping requirements (onetime), 40,720 hours; Transmitter error resolution standards and recordkeeping requirements (ongoing), 8,144 hours; Acts of agents (one-time), 40,720 hours; Acts of agents (ongoing), 8,144 hours. Estimated average hours per response: Initial disclosures, 1.5 minutes; Changein-terms, 1 minute; Periodic statements, 7 hours; Error resolution, 30 minutes; Gift card exclusion policies and procedures, 8 hours; Gift card policy and procedures, 8 hours; Remittance transfer disclosures (one-time), 120 E:\FR\FM\28AUN1.SGM 28AUN1

Agencies

[Federal Register Volume 80, Number 167 (Friday, August 28, 2015)]
[Notices]
[Pages 52275-52279]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-21288]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2015-N-07]


Privacy Act of 1974; System of Records

AGENCY: Federal Housing Finance Agency.

ACTION: Notice of revision to an existing system of records; request 
for comments.

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SUMMARY: In accordance with the requirements of the Privacy Act of 
1974, as amended, 5 U.S.C. 552a (Privacy Act), the Federal Housing 
Finance Agency (FHFA) is reissuing the system of records entitled 
``National Mortgage Database Project'' (FHFA-21). FHFA is re-issuing 
this notice in response to comments received on the Notice published on 
April 16, 2014 at 79 FR 21458. In reissuing this notice, FHFA requests 
further comments on the below revisions to the existing system of 
records.
    This revised system of records covers the National Mortgage 
Database Project (``Project''), which is comprised of three components: 
(1) The National Mortgage Database (``NMDB''); (2) the information used 
to create the NMDB but will not be contained within the NMDB; and (3) 
National Surveys of Mortgage Borrowers (``Surveys''). The Project is 
designed to satisfy the Congressionally-mandated requirements of 
section 1324(c) of the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992, as amended by the Housing and Economic Recovery 
Act of 2008. Under this statutory provision, FHFA must, through surveys 
of the mortgage market, collect information on the characteristics of 
individual mortgages, including those that are eligible for purchase by 
the Federal National Mortgage Association (Fannie Mae) and the Federal 
Home Loan Mortgage Corporation (Freddie Mac) as well as those that are 
not, and subprime and nontraditional mortgages, including information 
on the creditworthiness of those borrowers sufficient to determine 
whether they would have qualified for prime lending.

DATES: To be assured of consideration, comments must be received on or 
before October 27, 2015. The revisions to the existing system will 
become effective on November 6, 2015 unless comments necessitate 
otherwise. FHFA will publish a new notice if, in order to review 
comments, the effective date is delayed or if changes are made based on 
comments received.

ADDRESSES: Submit comments, identified by ``2015-N-07,'' using only one 
of the following methods:
     Agency Web site: www.fhfa.gov/open-for-comment-or-input.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments. If you submit your 
comment to the Federal eRulemaking Portal, please also send it by email 
to FHFA at RegComments@fhfa.gov to ensure timely receipt by FHFA. 
Please include ``2015-N-07'' in the subject line of the message.
     Hand Delivered/Courier: The hand delivery address is: 
Alfred M. Pollard, General Counsel, Attention: Comments/2015-N-07, 
Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 
20024. To ensure timely receipt of hand delivered package, please 
ensure that the package is delivered to the Seventh Street entrance 
Guard Desk, First Floor, on business days between 9 a.m. to 5 p.m.
     U.S. Mail, United Parcel Service, Federal Express, or 
Other Mail Service: The mailing address for comments is: Alfred M. 
Pollard, General Counsel, Attention: Comments/2015-N-07, Federal 
Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. 
Please note that all mail sent to FHFA via the U.S. Postal Service is 
routed through a national irradiation facility, a process that may 
delay

[[Page 52276]]

delivery by approximately two weeks. For any time-sensitive 
correspondence, please plan accordingly.
    See SUPPLEMENTARY INFORMATION for additional information on 
submission and posting of comments.

FOR FURTHER INFORMATION CONTACT: Forrest Pafenberg, Program Manager, 
National Mortgage Database Project, Forrest.Pafenberg@fhfa.gov or (202) 
649-3129; Stacy Easter, Privacy Act Officer, privacy@fhfa.gov or (202) 
649-3803; or David A. Lee, Senior Agency Official for Privacy, 
privacy@fhfa.gov or (202) 649-3803 (not toll-free numbers), Federal 
Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., 
Washington, DC 20024. The telephone number for the Telecommunications 
Device for the Deaf is 800-877-8339.

SUPPLEMENTARY INFORMATION: 

I. Comments

    FHFA seeks public comments on the revised system of records for the 
National Mortgage Database Project (FHFA-21) and will take all comments 
into consideration. See 5 U.S.C. 552a(e)(4) and (11). In addition to 
referencing ``Comments/2015-N-07,'' please reference ``National 
Mortgage Database Project'' (FHFA-21).
    All comments received will be posted without change on the FHFA Web 
site at https://www.fhfa.gov, and will include any personal information 
provided, such as name, address (mailing and email), and telephone 
numbers. In addition, copies of all comments received will be available 
without change for public inspection on business days between the hours 
of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, 400 
Seventh Street, SW., Washington, DC 20024. To make an appointment to 
inspect comments, please call the Office of General Counsel at (202) 
649-3804.

II. Introduction

    This revised system of records covers the National Mortgage 
Database Project (``Project''), which is comprised of three components: 
(1) The National Mortgage Database (``NMDB''); (2) the information used 
to create the NMDB but will not be contained within the NMDB; and (3) 
National Surveys of Mortgage Borrowers (``Surveys''). Each of these 
components is described below.
    The revised system of records, ``National Mortgage Database 
Project'' (FHFA-21), will contain records related to the creation of 
the NMDB. The core data for the NMDB are drawn from data maintained by 
one of the three national credit repositories as well as data to be 
drawn from: (1) Administrative data sources including existing mortgage 
data from Fannie Mae, Freddie Mac, the Federal Home Loan Banks (Banks), 
the Federal Housing Administration (FHA), the United States Department 
of Veterans Affairs (VA), and other government agencies; (2) Home 
Mortgage Disclosure Act (HMDA) data; and (3) other commercially 
available mortgage, property, and appraisal sources. Data from these 
various sources will be used to create and update the NMDB. Once the 
NMDB has been created from these sources, the input datasets will be 
permanently deleted and will not be maintained by the Project. The NMDB 
does not contain and is not a credit report or set of credit reports as 
defined under the Federal Credit Report Act, 15 U.S.C. 1681 et seq.
    Any information on borrower(s) in the NMDB that is available to 
FHFA, the Consumer Financial Protection Bureau (CFPB), or other 
authorized users of the NMDB is de-identified and does not include 
directly-identifiable information, such as borrower/co-borrower name, 
address, Social Security number or date of birth.
    Construction of the NMDB begins with a random 1-in-20 sample of all 
first lien mortgages in the credit repository's files that were 
outstanding at any time between January 1998 (the start date of the 
data collection at the credit repository) and June 2012 (the start date 
of the Project). Each quarter a random 1-in-20 sample of mortgages that 
are newly reported to the credit repository is added. Currently the 
NMDB has been updated with this credit repository data through June 
2015 and it will continue to be updated in the future. Mortgages remain 
in the NMDB until they terminate through prepayment (including 
refinancing), foreclosure or maturity. Information from credit 
repository files on each borrower associated with the mortgages in the 
NMDB will be collected from one year prior to origination to one year 
after termination of the mortgage.
    In addition to the creation of the NMDB, the Project includes 
voluntary surveys of mortgage borrowers as part of the Surveys. The 
Surveys' target universe is first-lien closed-end residential mortgages 
and the associated borrowers. The Surveys supplement the NMDB with 
information not currently available through existing data sources. To 
achieve this objective, the Surveys draw their samples from mortgages 
that are part of the NMDB.
    Responses to the Surveys will be maintained in de-identified form 
as part of the Project. Individuals contacted by the Surveys may choose 
to opt out of any future communications about the Surveys. 
Participation in the Surveys and opt-out list is voluntary and the opt-
out list is kept separate from the NMDB by a third party vendor. The 
opt-out list contains the name and address of those individuals who 
have opted out of receiving communications about the Surveys in order 
to ensure that these individuals do not receive any future 
communications about the Surveys after opting out. FHFA and CFPB 
employees will not have access to this list.
    This notice satisfies the Privacy Act requirement that an agency 
publishes a system of records notice in the Federal Register when there 
is an addition or change to the agency's systems of records. Although 
Congress established general exemptions and specific exemptions that 
could be used to exempt records from provisions of the Privacy Act, the 
Director of FHFA has determined that records and information in this 
system of records are not exempt from the requirements of the Privacy 
Act.
    As required by the Privacy Act, 5 U.S.C. 552a(r), and pursuant to 
paragraph 4c of Appendix I to OMB Circular No. A-130, ``Federal Agency 
Responsibilities for Maintaining Records About Individuals,'' dated 
February 8, 1996 (61 FR 6427, 6435 (February 20, 1996)), FHFA has 
submitted a report describing the system of records covered by this 
notice to the Committee on Oversight and Government Reform of the House 
of Representatives, the Committee on Homeland Security and Governmental 
Affairs of the Senate, and the Office of Management and Budget.

III. Revised System of Records

    The revised system of records notice is set out in its entirety and 
described in detail below. The revisions from the previous SORN that 
FHFA issued in April 2014 include: (1) Deleting certain data fields 
that will not be collected and will not be part of the Project (i.e., 
language, religion, census block, telephone number, and latitude/
longitude); (2) clearly delineating the individuals covered by the 
system; (3) deleting various routine uses and adding one where de-
identified data may be shared with federal financial regulators and 
other U.S. Government agencies for supervisory purposes and for 
conducting research and analysis related to the mortgage markets; (4) 
clearly articulating that for purposes of updating the database, 
information will be updated through a de-identified database-specific 
constructed loan identifier or encrypted unique identification numbers 
that will be used solely to aid in the compiling and

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tracking of the data used from other matching datasets; and (5) 
notifying the public of the existence of an opt-out list and the 
information contained therein.
FHFA-21

SYSTEM NAME:
    National Mortgage Database Project.

SECURITY CLASSIFICATION:
    Sensitive but unclassified.

SYSTEM LOCATION:
    Federal Housing Finance Agency, 400 Seventh Street SW., Washington, 
DC 20024, and Experian Information Solutions Inc., 475 Anton Blvd., 
Costa Mesa, CA 92626.

CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM:
    Across the three components of the National Mortgage Database 
Project, information about individuals in the system will contain 
records that have been collected from: (1) Credit repository data; (2) 
administrative data sources including existing mortgage data from the 
Federal National Mortgage Association (Fannie Mae), the Federal Home 
Loan Mortgage Corporation (Freddie Mac), the Federal Home Loan Banks 
(Banks), the Federal Housing Administration (FHA), the United States 
Department of Veterans Affairs (VA), and other government agencies; (3) 
Home Mortgage Disclosure Act (HMDA) data; (4) members of the public as 
part of the National Surveys of Mortgage Borrowers; and (5) other 
commercially available mortgage, property, and appraisal sources.

CATEGORIES OF RECORDS IN THE SYSTEM:
    This revised system of records covers the National Mortgage 
Database Project (``Project''), which is comprised of three components: 
(1) The National Mortgage Database (``NMDB''); (2) the information used 
to create the NMDB but will not be contained within the NMDB; and (3) 
National Surveys of Mortgage Borrowers (``Surveys''). Across these 
three components of the NMDB Project, records include five forms of 
loan-level data: mortgage record, real estate transaction, household 
demographic data on the borrower(s), physical characteristics of the 
house and neighborhood, and performance data on the mortgage and credit 
lines (i.e., credit cards, student loans, auto loans, and other loans 
reported to credit bureaus) of the mortgage borrower(s). The three 
components are described below.
    Under the first component and when the development phase of the 
NMDB is completed, the NMDB will contain de-identified records of 
borrowers and properties associated with a 1-in-20 nationally 
representative random sample of mortgages. These de-identified records 
may include: (1) Borrower(s) information (age, ZIP Code, race/
ethnicity, gender, presence of children by various age categories, 
household income, credit score(s) of borrower(s) at origination, 
deceased indicator, and marital status); (2) Mortgage Information 
(current balance, actual monthly payment, delinquency grid, scheduled 
monthly payment, refinanced amount, and bankruptcy information); (3) 
Credit card/other loan information (account type, credit amount, 
account balance amount, account past due amount, account minimum 
payment amount, account actual payment amount, account high balance 
amount, account charge off amount, and second mortgage); (4) Property 
Attributes (property type, number of bedrooms and bathrooms, square 
footage, lot size, year built/age of structure, units in structure, 
most recent assessed value (per tax roll), year of most recent assessed 
value, effective age of structure, project name, and neighborhood 
name); (5) Real Estate Transaction Attributes (sales price, down 
payment, occupancy status (own, rent), new versus existing home, 
county, census tract, and date purchased); and (6) Mortgage 
Characteristics Attributes (mortgage product and purpose, origination 
date, acquisition date, amount of mortgage, refinanced amount, amount 
of down payment, term of mortgage, interest rate of mortgage, source of 
mortgage/mortgage channel, mortgage insurance type, loan to value at 
origination, origination amount/credit limit, originator, servicer(s), 
debt to income ratio at origination, number of borrower(s), number of 
units covered by the mortgage and the total number of units in the 
associated property, presence of prepayment penalty, origination points 
paid by borrower(s), discount points paid by borrower(s), balloon 
payment date/amount, percent of down payment, and secondary market 
indicator).
    Under the second component, and solely for the purposes of matching 
records in the NMDB with other datasets as part of the construction of 
the NMDB, records may include: borrower(s) information such as name, 
address, Social Security number, date of birth, and mortgage account 
number. Records with direct identifying information, including name, 
address, Social Security numbers, date of birth, and mortgage account 
numbers, will be used solely by a credit repository behind a firewall 
for purposes of matching the records with other datasets, which will 
better enable FHFA to perform the statutory functions identified below. 
FHFA and Consumer Financial Protection Bureau (CFPB) employees will not 
have access to this direct identifying information.
    The matching will be conducted by a credit repository. The matching 
will be conducted behind a firewall using a blind matching process on a 
1-in-20 nationally representative random sample. FHFA and CFPB 
employees will not have access to this blind matching process.
    After the matching is complete, the records with direct identifying 
information (name, Social Security number, date of birth, and mortgage 
account number) will be permanently destroyed by the credit repository 
and will not be maintained. A de-identified dataset, as described 
above, will be used for conducting research on and analysis of the 
mortgage markets.
    FHFA may obtain updates or supplements to this de-identified 
dataset and, in those circumstances, may use record locaters unique to 
the source providing the update in order to update or supplement 
records. In these instances, FHFA's credit repository vendor may retain 
property address solely for the purpose of updating matches or 
conducting future matches with new data sets. FHFA and CFBP employees 
will not have access to this information.
    Under the third component, the Surveys will collect and maintain 
records on demographic information from a subset of individuals who 
voluntarily respond to the Surveys to include: education status, 
military status, financial events and life events in the last couple of 
years, and assets and wealth. An opt-out list will be maintained by a 
third party vendor containing the name and address for those 
individuals who have opted-out in order to ensure that they do not 
receive future communications from the Surveys. FHFA and CFPB employees 
will not have access to this list.

AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
    12 U.S.C. 4511, 4513, 4543, and section 1324 of the Federal Housing 
Enterprises Financial Safety and Soundness Act of 1992 (Safety and 
Soundness Act) as amended by section 1125 of the Housing and Economic 
Recovery Act of 2008 (12 U.S.C. 4544 and 4544(c)).

PURPOSE(S):
    The records in this system of records are collected and maintained 
in order to facilitate mandatory reporting under the

[[Page 52278]]

Safety and Soundness Act as well as to conduct research, performance 
modeling, and examination monitoring. The statutory mandate for a 
monthly mortgage market survey requires FHFA to survey the full breadth 
of the mortgage market, including mortgages that are eligible for 
purchase by Fannie Mae and Freddie Mac and those that are not. Under 
this statutory mandate, FHFA is required to collect data on the 
characteristics of individual mortgages including, among other items, 
the price of the property, the terms of mortgages, and the 
creditworthiness of borrowers. The records in the opt-out list are 
maintained by a third party vendor in order to ensure that those 
individuals who have opted out of receiving communications about the 
Surveys do not receive any further communications.

ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES 
OF USERS AND THE PURPOSES OF SUCH USES:
    In addition to those disclosures generally permitted under 5 U.S.C. 
552a(b) of the Privacy Act, these records or information contained 
therein may specifically be disclosed outside FHFA as a routine use 
pursuant to 5 U.S.C. 552a(b)(3) as follows:
    (1) When (a) it is suspected or confirmed that the security or 
confidentiality of information in the system of records has been 
compromised; (b) FHFA has determined that as a result of the suspected 
or confirmed compromise there is a risk of harm to economic or property 
interests, identity theft or fraud, or harm to the security or 
integrity of this system or other systems or programs (whether 
maintained by FHFA or another agency or entity) that rely upon the 
compromised information; and (c) the disclosure is made to such 
agencies, entities, and persons who are reasonably necessary to assist 
in connection with FHFA's efforts to respond to the suspected or 
confirmed compromise and prevent, minimize, or remedy such harm.
    (2) To members of advisory committees that are created by FHFA or 
by Congress to render advice and recommendations to FHFA or to 
Congress, to be used solely in connection with their official, 
designated functions.
    (3) To contractor personnel and other authorized individuals 
working on a contract, cooperative agreement, or project for FHFA or 
CFPB related to the NMDB.
    (4) To the Office of Management and Budget, Department of Justice, 
Department of Homeland Security, or other federal financial regulatory 
agencies to obtain advice regarding statutory, regulatory, policy, and 
other requirements related to the purpose for which FHFA collected the 
records.
    (5) To the National Archives and Records Administration or other 
federal agencies pursuant to records management inspections being 
conducted under the authority of 44 U.S.C. 2904 and 2906.
    (6) To a federal agency, organization, or individual for the 
purpose of performing audit or oversight operations as authorized by 
law, but only such information as is necessary and relevant to such 
audit or oversight function.
    (7) To an FHFA regulated entity.
    (8) De-identified, anonymized data with the CFPB in order to 
facilitate reporting under the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Pub. L. 111-203), as well as to conduct 
research, performance modeling, and market monitoring.
    (9) De-identified, anonymized data to federal financial regulators 
and other U.S. Government agencies for conducting research and analysis 
related to the mortgage markets and for supervisory purposes; servicers 
are not identified and information cannot be used for enforcement 
actions against servicers.

DISCLOSURE TO CONSUMER REPORTING AGENCIES:
    None.

POLICIES AND PRACTICE FOR STORING, RETRIEVING, ACCESSING, RETAINING AND 
DISPOSING OF RECORDS IN THE SYSTEM:
STORAGE:
    Records are maintained in electronic format, paper form, and 
magnetic disk or tape. Electronic records are stored in computerized 
databases. Paper and magnetic disk or tape records are stored in locked 
file rooms, locked file cabinets, or locked safes.

RETRIEVABILITY:
    For the purposes of compiling data from the data sources under the 
second component of the Project, the records may contain anonymized 
personal identifiers (i.e., a database-specific constructed loan 
identifier or encrypted unique identification numbers) for purposes of 
matching the records with other datasets. After the matching is 
complete, a de-identified copy of the matched dataset will be used 
under the first component of the Project for conducting research and 
analysis as described above. FHFA may retain these anonymized personal 
identifiers after the matching, but only for the purpose of performing 
similar matches on future data acquisitions. Under the third component 
of the Project for the Surveys opt-out list, information will be held 
by a third party vendor and may be retrieved by that vendor by name or 
address.

SAFEGUARDS:
    Records are safeguarded in a secured environment. Buildings where 
records are stored have security cameras and 24-hour security guard 
service. Computerized records are safeguarded through use of access 
codes and other information technology security measures. Paper records 
are safeguarded by locked file rooms, locked file cabinets, or locked 
safes. Access to the records is restricted to those individuals who 
require access to the records in the performance of official duties 
related to the purposes for which the system is maintained and who have 
agreed, in writing, to maintain the confidentiality and integrity of 
the data.

RETENTION AND DISPOSAL:
    Records are maintained in accordance with National Archives and 
Records Administration and FHFA retention schedules. Records are 
disposed of according to accepted techniques.

SYSTEM MANAGER(S) AND ADDRESS:
    Project Manager, National Mortgage Database Project, Federal 
Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024.

NOTIFICATION PROCEDURES:
    Direct inquiries as to whether this system contains a record 
pertaining to an individual to the Privacy Act Officer. Inquiries may 
be mailed to the Privacy Act Officer, Federal Housing Finance Agency, 
400 Seventh Street SW., Washington, DC 20024, or electronically at 
https://www.fhfa.gov/AboutUs/FOIAPrivacy/Pages/Privacy.aspx in 
accordance with the procedures set forth in 12 CFR part 1204.

RECORD ACCESS PROCEDURES:
    Direct requests for access to the Privacy Act Officer. Requests may 
be mailed to the Privacy Act Officer, Federal Housing Finance Agency, 
400 Seventh Street SW., Washington, DC 20024, or can be submitted 
electronically at https://www.fhfa.gov/AboutUs/FOIAPrivacy/Pages/Privacy.aspx in accordance with the procedures set forth in 12 CFR part 
1204.

CONTESTING RECORD PROCEDURES:
    Direct requests to contest or appeal an adverse decision for a 
record to the Privacy Act Appeals Officer. Requests may be mailed to 
the Privacy Act Appeals Officer, Federal Housing

[[Page 52279]]

Finance Agency, 400 Seventh Street SW., Washington, DC 20024, or can be 
submitted electronically at https://www.fhfa.gov/AboutUs/FOIAPrivacy/Pages/Privacy.aspx in accordance with the procedures set forth in 12 
CFR part 1204.

RECORD SOURCE CATEGORIES:
    The information in this system will be obtained from: (1) Credit 
repository data; (2) administrative data sources, including mortgage 
data from Fannie Mae, Freddie Mac, the Banks, FHA, VA, and other 
government agencies; (3) HMDA data; (4) other commercially-available 
mortgage, property, and appraisal sources; and (5) individuals who 
voluntarily respond to the Surveys.

EXEMPTIONS CLAIMED FOR THE SYSTEM:
    None.

    Dated: August 20, 2015.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2015-21288 Filed 8-27-15; 8:45 am]
 BILLING CODE 8070-01-P
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