WASHINGTON— The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO).
The CFPB and FHFA said the data also provide updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021.
The CFPB and FHFA noted that since 2014, they have sent quarterly surveys to borrowers who recently obtained mortgages, with the surveys gathering feedback on borrowers’ experiences during the mortgage process, their perceptions of the mortgage market, and their future expectations.
The new release adds one additional year of new mortgage data through 2021 and features data on three new survey questions first asked of mortgage borrowers in 2021.
The Findings
According to the CFPB and FHFA:
- When asked about appraisal satisfaction, 70% of respondents reported being very satisfied with their property appraisal, 23% reported being somewhat satisfied, and 6% were not at all satisfied.
- When questioned on their willingness to move from their primary residence, 50% of respondents reported being unwilling to move, 20% were unsure about moving, 25% were willing and able to move, and 5% were willing but unable to move.
- When prompted to select from a list of factors important to borrowers choosing a mortgage lender/broker, 8% of respondents selected accommodations for people with disabilities as an important factor in their choice.
The NSMO is a component of the National Mortgage Database (NMDB).