PRIVATE MORTGAGE INSURANCE INFORMATION SHEET

PRIVATE MORTGAGE INSURANCE COMPANIES HAVE ARRANGED THROUGH THE FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC) TO DISCLOSE INFORMATION TO THE PUBLIC ON THE DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE. DISCLOSURES ARE BEING MADE PUBLICLY AVAILABLE NOT ONLY AT THE COMPANIES' OWN OFFICES, BUT ALSO AT A CENTRAL DEPOSITORY IN EACH METROPOLITAN STATISTICAL AREA (MSA). THE CENTRAL DEPOSITORY SERVES ON A VOLUNTARY BASIS. IN ADDITION TO EACH PRIVATE MORTGAGE INSURANCE COMPANY'S INDIVIDUAL DISCLOSURE STATEMENT, THE CENTRAL DEPOSITORY HAS AGGREGATE DATA TABLES COVERING THE MORTGAGE INSURANCE ACTIVITY OF ALL ACTIVE COMPANIES IN A PARTICULAR MSA.

THE MORTGAGE INSURANCE DATA ARE AVAILABLE ON CD-ROM AND THE WEB AS WELL. BECAUSE BOTH DISTRIBUTION MEDIA CONTAIN DATA FROM THE UNIVERSE OF REPORTERS, USERS OF EITHER MEDIUM WILL HAVE ACCESS TO THE DISCLOSURE STATEMENTS AND AGGREGATE TABLES FOR EACH MSA NATIONWIDE.

AS IN THE PAST, TO CATEGORIZE CENSUS TRACTS BY INCOME WE RELY ON THE 1990 CENSUS TO DETERMINE THE MEDIAN FAMILY INCOME FOR EACH MSA, AND FOR CATEGORIZING APPLICANTS OR BORROWERS WE RELY ON INFORMATION OBTAINED FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR AN UPDATED ESTIMATE OF THE MEDIAN FAMILY INCOME FOR EACH MSA.

RESPONSIBILITIES OF CENTRAL DEPOSITORIES

CENTRAL DEPOSITORIES ARE ASKED TO KEEP THE DATA TABLES TOGETHER IN ONE LOCATION TO THE EXTENT POSSIBLE. THE CENTRAL DEPOSITORIES ARE RESPONSIBLE FOR: RECEIVING AND STORING THE DATA AS FORWARDED FROM THE FFIEC; RETAINING THE DATA FOR PUBLIC DISCLOSURE FOR A PERIOD OF FIVE YEARS; AND MAKING THE DATA AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR OFFICE HOURS AND ALLOWING THE PUBLIC TO OBTAIN OR MAKE COPIES OF THE DATA AT THE COPYING RATE NORMALLY CHARGED.
THE DEPOSITORY PERFORMS A VALUABLE PUBLIC SERVICE BY PROVIDING, ON A VOLUNTARY BASIS, A PHYSICAL LOCATION FOR STORAGE OF THE DATA. ANY QUESTIONS OR COMMENTS ABOUT THE DATA SHOULD BE DIRECTED IN WRITING TO THE EXECUTIVE SECRETARY, FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL, 2000 K STREET, NW, SUITE 310, WASHINGTON, DC 20006.

CONTENT OF 2001 DISCLOSURES

THE FOLLOWING IS A LIST OF THE TABLES THAT HAVE BEEN PREPARED COVERING THE DATA FOR CALENDAR YEAR 2001 FOR PRIVATE MORTGAGE INSURANCE:

TABLE 1 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY LOCATION OF PROPERTY AND TYPE OF LOAN

TABLES 4-2, 4-3, AND 4-6 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY RACE, GENDER AND INCOME OF APPLICANT (ONE TABLE FOR EACH OF THE FOLLOWING LOAN TYPES: CONVENTIONAL HOME PURCHASE, REFINANCING, AND NONOCCUPANT)

TABLES 5-2, 5-3, AND 5-6 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY INCOME AND RACE OF APPLICANT (ONE TABLE FOR EACH OF THE FOLLOWING LOAN TYPES: CONVENTIONAL HOME PURCHASE, REFINANCING, AND NONOCCUPANT)

TABLES 6-2, 6-3, AND 6-6 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY INCOME AND GENDER OF APPLICANT (ONE TABLE FOR EACH OF THE FOLLOWING LOAN TYPES: CONVENTIONAL HOME PURCHASE, REFINANCING, AND NONOCCUPANT)

TABLES 7-2, 7-3, AND 7-6 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY CHARACTERISTICS OF CENSUS TRACT IN WHICH PROPERTY IS LOCATED, (ONE TABLE FOR EACH OF THE FOLLOWING LOAN TYPES: CONVENTIONAL HOME PURCHASE, REFINANCING, AND NONOCCUPANT)

TABLES 8-2, 8-3, AND 8-6 - REASONS FOR DENIAL OF APPLICATIONS FOR MORTGAGE INSURANCE, BY RACE, GENDER, AND INCOME OF APPLICANT (ONE TABLE FOR EACH OF THE FOLLOWING LOAN TYPES: CONVENTIONAL HOME PURCHASE, REFINANCING, AND NONOCCUPANT)

TABLE 9 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY MEDIAN AGE OF HOMES IN CENSUS TRACT IN WHICH PROPERTY IS LOCATED AND TYPE OF LOAN (AGGREGATE DATA ONLY)

TABLE 10 - DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY CENTRAL CITY VERSUS NON-CENTRAL CITY PROPERTY LOCATION AND TYPE OF LOAN (AGGREGATE DATA ONLY)