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PRIVATE MORTGAGE INSURANCE AGGREGATE AND DISCLOSURE INFORMATION SHEET

PRIVATE MORTGAGE INSURANCE (PMI) COMPANIES HAVE ARRANGED THROUGH THE FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC) TO DISCLOSE INFORMATION TO THE PUBLIC ON THE DISPOSITION OF APPLICATIONS MORTGAGE INSURANCE.DISCLOSURES ARE BEING MADE PUBLICLY AVAILABLE ON CD-ROM AT THE COMPANIES' OWN OFFICES, AS WELL AS ON THE WEB (HTTP://WWW.FFIEC.GOV/REPORTS.HTM) AT A CENTRAL DEPOSITORY IN MOST METROPOLITAN STATISTICAL AREAS/METROPOLITAN DIVISIONS (MSA/MDS). THESE CENTRAL DEPOSITORIES SERVE 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 PMI COMPANIES IN A PARTICULAR MSA/MD.

THE PMI DATA ARE AVAILABLE ON CD-ROM AND THE WEB. BECAUSE BOTH DISTRIBUTION MEDIA CONTAIN DATA FROM THE UNIVERSE OF REPORTERS, USERS OF EITHER MEDIUM WILL HAVE ACCESS TO THE INDIVIDUAL DISCLOSURE STATEMENT FOR EACH PMI COMPANY REPORTING DATA AND AGGREGATE TABLES FOR EACH MSA/MD NATIONWIDE.

AS IN THE PAST, TO CATEGORIZE CENSUS TRACTS BY INCOME WE RELY ON THE 2000 CENSUS TO DETERMINE THE MEDIAN FAMILY INCOME FOR EACH MSA/MD. FOR CATEGORIZING APPLICANTS OR BORROWERS, WE RELY ON INFORMATION OBTAINED FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) FOR AN UPDATED ESTIMATE OF THE MEDIAN FAMILY INCOME FOR EACH MSA/MD.

CHANGES FOR 2004 DATA

THE HMDA REGULATIONS WERE REVISED TO REQUIRE CHANGES IN DATA REPORTING FOR DATA BEGINNING IN CALENDAR YEAR 2004. THE REVISIONS REQUIRE REPORTING OF NEW DATA AND SOME CHANGES IN THE REPORTING OF EXISTING DATA.IN ADDITION, THE FORMATS FOR THE PMI DISCLOSURE TABLES HAVE BEEN REVISED, AND NEW TABLES HAVE BEEN ADDED.

THE PRINCIPAL CHANGES TO THE PMI TABLE FORMATS ARE AS FOLLOW.TABLE 1 NOW INCLUDES SEPARATELY ITEMIZED DATA ON MANUFACTURED HOUSING LOANS.NEW TABLES 4-7, 5-7, 7-7, AND 8-7 SHOW DATA ON MANUFACTURED HOUSING LOANS.THE TABLE 6 SERIES IS DELETED. AGGREGATE TABLES 9 AND 10 INCLUDE SEPARATELY ITEMIZED DATA ON MANUFACTURED HOUSING LOANS. THE NEW TABLE 12-1 SHOWS DATA ON DISPOSITION OF APPLICATIONS FOR MANUFACTURED HOUSING LOANS.THE NEW SUMMARY TABLES A1 AND A2 SHOW DATA ON DISPOSITION OF APPLICATIONS, SUMMARIZED TO SHOW MSA/MD-LEVEL AND NATIONWIDE-LEVEL ACTIVITY OF THE PMI COMPANY.

IN ADDITION, THE DATA IN THE TABLES ARE AFFECTED BY REVISIONS TO THE DEFINITION OF "REFINANCING." ALSO, THROUGHOUT THE TABLES, THE RACE AND ETHNICITY CATEGORIES HAVE BEEN REVISED TO CONFORM TO GUIDANCE ADOPTED BY THE OFFICE OF MANAGEMENT AND BUDGET (OMB).

FOR FURTHER INFORMATION ON THE REVISIONS IN THE DATA REPORTING REQUIREMENTS, SEE THE FEDERAL RESERVE'S NOTICES PUBLISHED IN THE FEDERAL REGISTER ON FEBRUARY 15, 2002 (67 FR 7222), MAY 8, 2002 (67 FR 30771), AND JUNE 27, 2002 (67 FR 43218).FOR FURTHER INFORMATION ABOUT THE REVISED TABLE FORMATS, SEE THE NOTICE PUBLISHED DECEMBER 20, 2004(69 FR 76189).FOR FURTHER INFORMATION ABOUT THE OMB GUIDANCE, SEE THE NOTICE PUBLISHED OCTOBER 30, 1997 (62 FR 58782).

FINALLY, NOTE THAT THE TABLES ARE BASED ON THE REVISED MSA/MD BOUNDARIES THAT WERE ANNOUNCED BY THE OFFICE OF MANAGEMENT AND BUDGET IN BULLETINS PUBLISHED ON JUNE 6, 2003 AND FEBRUARY 18, 2004, AND THAT TOOK EFFECT, FOR HMDA PURPOSES, STARTING IN 2004.THE REVISIONS MAY AFFECT YEAR-OVER-YEAR COMPARISONS OF DATA IN SOME CASES.

THE FEDERAL REGISTER NOTICES AND BULLETINS MENTIONED ABOVE ARE AVAILABLE ON THE FEDERAL RESERVE'S WEBSITE, AT WWW.FEDERALRESERVE.GOV/BOARDDOCS/PRESS/BCREG/2005/, AND ON OMB'S WEBSITE, AT WWW.WHITEHOUSE.GOV/OMB/BULLETINS/ AND WWW.WHITEHOUSE.GOV/OMB/FEDREG/1997STANDARDS.HTML.

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 HMDA DATA AS FORWARDED FROM THE FFIEC; RETAINING THE DATA FOR PUBLIC DISCLOSURE FOR A PERIOD OF 5 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. TO FIND OUT WHERE CENTRAL DEPOSITORIES ARE LOCATED, CONTACT THE FFIEC. THE AGGREGATE TABLES AND DISCLOSURE STATEMENTS OF THE PMI COMPANIES WILL ALSO BE AVAILABLE ON THE WEB AT WWW.FFIEC.GOV.  ANY QUESTIONS OR COMMENTS ABOUT THE DATA MAY BE DIRECTED IN WRITING TO THE EXECUTIVE SECRETARY, FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL, 3510 FAIRFAX DRIVE, ROOM 3086, ARLINGTON, VA 22226.

CONTENT OF 2004 AGGREGATE AND DISCLOSURE STATEMENT TABLES

A DISCLOSURE STATEMENT MAY CONTAIN UP TO 20 TABLES FOR EACH MSA/MD.IN ADDITION, A DISCLOSURE STATEMENT MAY CONTAIN ONE SUPPLEMENTAL TABLE, AND SUMMARY TABLES A-1 AND A-2 (SUMMARIZED AT THE NATIONWIDE LEVEL OF THE PMI COMPANY). ALSO, IT WILL CONTAIN AN INSTITUTION REGISTER SUMMARY (IRS) REPORT, WHICH REFLECTS ALL THE DATA REPORTED BY A PMI INSTITUTION FOR SPECIFIC LOAN/APPLICATION REGISTER (LAR) FIELDS IN A SUMMARY REPORT.

THE INCLUSION OF A TABLE IN THE DISCLOSURE DATA FOR A PARTICULAR PMI COMPANY DEPENDS ON THE INSTITUTION'S MORTGAGE INSURANCE ACTIVITY. FOR EXAMPLE, IF DURING 2004 THE INSTITUTION DID NOT REPORT REASONS FOR DENIALS ON APPLICATIONS FOR INSURANCE, ITS DISCLOSURE STATEMENT WILL NOT INCLUDE TABLES 8-2, 8-3, 8-6 OR 8-7.

AGGREGATE TABLES SHOW THE AGGREGATE LENDING ACTVITY FOR ALL PMI companies COVERED BY HMDA FOR EACH MSA/MD FOR THE ENTIRE NATION. ONE MSA/MD AGGREGATE TABLE DOCUMENT MAY CONTAIN UP TO 23 TABLES.

THE FOLLOWING IS A LIST OF THE AGGREGATE AND DISCLOSURE TABLES THAT HAVE BEEN PREPARED COVERING THE PMI DATA FOR CALENDAR YEAR 2004. TABLES INCLUDED IN THE AGGREGATE DATA ONLY OR DISCLOSURE DATA ONLY ARE IDENTIFIED.

TABLE NUMBER DESCRIPTION
TABLE i REPORTING INSTITUTIONS WHO HAVE A HOME OR BRANCH OFFICE IN THE MSA/MD (AGGREGATE DATA ONLY)
TABLE 1 DISPOSITION OF LOAN APPLICATIONS FOR MORTGAGE INSURANCE, BY LOCATION OF PROPERTY AND TYPE OF LOAN, 2004
TABLES 4-2, 4-3, 4-6 AND 4-7 DISPOSITION OF APPLICATIONS LOANS FOR MORTGAGE INSURANCE FOR LOANS, BY RACE, ETHNICITY, GENDER AND INCOME OF APPLICANT, 2004 (ONE FOR EACH TYPE OF LOAN: CONVENTIONAL HOME PURCHASE; REFINANCING; NONOCCUPANT; AND MANUFACTURED HOME DWELLINGS)
TABLES 5-2, 5-3, 5-6 AND 5-7 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE FOR LOANS, BY INCOME, RACE AND ETHNICITY OF APPLICANT, 2004 (ONE FOR EACH TYPE OF LOAN)
TABLES 7-2, 7-3, 7-6 AND 7-7 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE FOR LOANS, BY CHARACTERISTICS OF CENSUS TRACT IN WHICH PROPERTY IS LOCATED, 2004 (ONE FOR EACH TYPE OF LOAN)
TABLES 8-2, 8-3, 8-6 AND 8-7 REASONS FOR DENIAL OF MORTGAGE INSURANCE OF APPLICATIONS, BY RACE, ETHNICITY, GENDER AND INCOME OF APPLICANT, 2004 (ONE FOR EACH TYPE OF LOAN)
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, 2004 (AGGREGATE DATA ONLY)
TABLE 10 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE, BY PRINCIPAL CITY VERSUS NON-PRINCIPAL CITY PROPERTY LOCATIONS AND TYPE OF LOAN, 2004 (AGGREGATE DATA ONLY)
TABLES 12-1 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE FOR CONVENTIONAL MANUFACTURED HOME-PURCHASE LOANS, FIRST LIEN, OWNER-OCCUPIED DWELLING, BY BORROWER OR CENSUS TRACT CHARACTERISTICS, 2004
SUMMARY TABLE A-1 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE BY LOAN TYPE ON 1- TO 4-FAMILY DWELLINGS (EXCLUDES MANUFACTURED HOMES), 2004
SUMMARY TABLE A-2 DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE BY LOAN TYPE, MANUFACTURED HOMES, 2004

INSTITUTION LEVEL REPORTS
TABLE NUMBER DESCRIPTION
SUPPLEMENTAL TABLE 1 DISPOSITION OF LOAN APPLICATIONS FOR MORTGAGE INSURANCE, BY LOCATION OF PROPERTY AND TYPE OF LOAN, 2004 (FOR PROPERTY NOT LOCATED IN MSA/MDS WHERE INSTITUTION HAS HOME OR BRANCH OFFICES) (DISCLOSURE DATA ONLY)
SUMMARY TABLE A-1W DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE BY LOAN TYPE, 1- TO 4-FAMILIES (EXCLUDES MANUFACTURED HOMES), 2004 (REFLECTS INSTITUTION'S TOTAL ACTIVITY NATIONWIDE) (DISCLOSURE DATA ONLY)
SUMMARY TABLE A-2W DISPOSITION OF APPLICATIONS FOR MORTGAGE INSURANCE BY LOAN TYPE, MANUFACTURED HOME, 2004 (REFLECTS INSTITUTION'S TOTAL ACTIVITY NATIONWIDE) (DISCLOSURE DATA ONLY)
IRS REPORT INSTITUTION REGISTER SUMMARY REPORT (INCLUDES ALL DATA) (DISCLOSURE DATA ONLY)