80 FR 52275 - Privacy Act of 1974; System of Records

FEDERAL HOUSING FINANCE AGENCY

Federal Register Volume 80, Issue 167 (August 28, 2015)

Page Range		52275-52279
FR Document		2015-21288

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.

Federal Register, Volume 80 Issue 167 (Friday, August 28, 2015)

[Federal Register Volume 80, Number 167 (Friday, August 28, 2015)]
[Notices]
[Pages 52275-52279]
From the Federal Register Online  [www.thefederalregister.org]
[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: http://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 [email protected] 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, [email protected] or (202) 
649-3129; Stacy Easter, Privacy Act Officer, [email protected] or (202) 
649-3803; or David A. Lee, Senior Agency Official for Privacy, 
[email protected] 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 http://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

[[Page 52277]]

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 
http://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 http://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 http://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

Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices 52275

Estimated Number of Respondents: pursuant to an agreement with the satisfy the Congressionally-mandated
5135. authority responsible for collecting the requirements of section 1324(c) of the
Estimated Average Burden per tax liability.’’ Federal Housing Enterprises Financial
Respondent: .5 hours. Safety and Soundness Act of 1992, as
Estimated Total Annual Burden Request for Comment
amended by the Housing and Economic
Hours: 2434 hours. Comments are invited on: (a) Whether Recovery Act of 2008. Under this
General Description of Collection: the collections of information are statutory provision, FHFA must,
This is a collection of information necessary for the proper performance of through surveys of the mortgage market,
involving the submission of various the FDIC’s functions, including whether collect information on the
forms by contractors doing business the information has practical utility; (b) characteristics of individual mortgages,
with the FDIC. the accuracy of the estimates of the including those that are eligible for
FDIC Form 3700/59, Fair Inclusion of burden of the collections of information, purchase by the Federal National
Minorities and Women, is a contract including the validity of the Mortgage Association (Fannie Mae) and
clause implementing Section 342 (c)(2) methodology and assumptions used; (c) the Federal Home Loan Mortgage
of the Dodd-Frank Wall Street Reform ways to enhance the quality, utility, and Corporation (Freddie Mac) as well as
and Consumer Protection Act (12 U.S.C. clarity of the information to be those that are not, and subprime and
5452). The contract clause seeks a collected; and (d) ways to minimize the nontraditional mortgages, including
commitment from an FDIC Contractor to burden of the collections of information information on the creditworthiness of
ensure, to the maximum extent possible on respondents, including through the those borrowers sufficient to determine
consistent with applicable law, the fair use of automated collection techniques whether they would have qualified for
inclusion of minorities and women in or other forms of information prime lending.
its workforce and the workforces of its technology. All comments will become
applicable subcontractors. Further, the DATES: To be assured of consideration,
a matter of public record. comments must be received on or before
clause asserts the FDIC’s right to request
documentation from the Contractor that Dated at Washington, DC, this 25th day of October 27, 2015. The revisions to the
August 2015. existing system will become effective on
demonstrates the Contractor’s good faith
effort to include minorities and women Federal Deposit Insurance Corporation. November 6, 2015 unless comments
in its workforce and subcontractors’ Robert E. Feldman, necessitate otherwise. FHFA will
workforces, and requires the Contractor Executive Secretary. publish a new notice if, in order to
to annually certify that it has made such [FR Doc. 2015–21335 Filed 8–27–15; 8:45 am] review comments, the effective date is
good faith efforts. BILLING CODE 6741–01–P
delayed or if changes are made based on
FDIC Form 3700/04A, Contractor comments received.
Representations and Certification, must ADDRESSES: Submit comments,
be completed by any offeror that FEDERAL HOUSING FINANCE identified by ‘‘2015–N–07,’’ using only
responds to a solicitation for an award AGENCY one of the following methods:
over $100,000. The Form is being • Agency Web site: www.fhfa.gov/
revised to add two certifications, [No. 2015–N–07] open-for-comment-or-input.
‘‘Certification Regarding Fair Inclusion • Federal eRulemaking Portal: http://
of Minorities and Women’’ and Privacy Act of 1974; System of www.regulations.gov. Follow the
‘‘Representation by Corporations Records instructions for submitting comments. If
Regarding an Unpaid Delinquent AGENCY: Federal Housing Finance you submit your comment to the
Federal Tax Liability.’’ The Agency. Federal eRulemaking Portal, please also
‘‘Certification Regarding Fair Inclusion ACTION: Notice of revision to an existing send it by email to FHFA at
of Minorities and Women’’ implements system of records; request for RegComments@fhfa.gov to ensure
§ 342 of the Dodd-Frank Wall Street comments. timely receipt by FHFA. Please include
Reform and Consumer Protection Act ‘‘2015–N–07’’ in the subject line of the
(12 U.S.C. 5452) and requires an offeror SUMMARY: In accordance with the message.
to certify to its commitment to equal requirements of the Privacy Act of 1974, • Hand Delivered/Courier: The hand
opportunity in employment and as amended, 5 U.S.C. 552a (Privacy delivery address is: Alfred M. Pollard,
contracting and that it has made and Act), the Federal Housing Finance General Counsel, Attention: Comments/
will continue to make a good faith effort Agency (FHFA) is reissuing the system 2015–N–07, Federal Housing Finance
to ensure, to the maximum extent of records entitled ‘‘National Mortgage Agency, 400 Seventh Street SW.,
possible, the fair inclusion of minorities Database Project’’ (FHFA–21). FHFA is Washington, DC 20024. To ensure
and women in its workforce and in the re-issuing this notice in response to timely receipt of hand delivered
workforce of its applicable comments received on the Notice package, please ensure that the package
subcontractors. The ‘‘Representation by published on April 16, 2014 at 79 FR is delivered to the Seventh Street
Corporations Regarding an Unpaid 21458. In reissuing this notice, FHFA entrance Guard Desk, First Floor, on
Delinquent Federal Tax Liability’’ requests further comments on the below business days between 9 a.m. to 5 p.m.
implements Section 744 of Division E, revisions to the existing system of • U.S. Mail, United Parcel Service,
Title VII, of the Consolidated and records. Federal Express, or Other Mail Service:
Further Continuing Appropriations Act, This revised system of records covers The mailing address for comments is:
2015 (Pub. L. 113–235)), by requiring an the National Mortgage Database Project Alfred M. Pollard, General Counsel,
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offeror to represent whether it is or is (‘‘Project’’), which is comprised of three Attention: Comments/2015–N–07,
not ‘‘a corporation that has any unpaid components: (1) The National Mortgage Federal Housing Finance Agency, 400
Federal tax liability that has been Database (‘‘NMDB’’); (2) the information Seventh Street SW., Washington, DC
assessed, for which all judicial and used to create the NMDB but will not be 20024. Please note that all mail sent to
administrative remedies have been contained within the NMDB; and (3) FHFA via the U.S. Postal Service is
exhausted or have lapsed, and that is National Surveys of Mortgage Borrowers routed through a national irradiation
not being paid in a timely manner (‘‘Surveys’’). The Project is designed to facility, a process that may delay

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52278 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices

Safety and Soundness Act as well as to agencies to obtain advice regarding component of the Project for the
conduct research, performance statutory, regulatory, policy, and other Surveys opt-out list, information will be
modeling, and examination monitoring. requirements related to the purpose for held by a third party vendor and may
The statutory mandate for a monthly which FHFA collected the records. be retrieved by that vendor by name or
mortgage market survey requires FHFA (5) To the National Archives and address.
to survey the full breadth of the Records Administration or other federal
SAFEGUARDS:
mortgage market, including mortgages agencies pursuant to records
that are eligible for purchase by Fannie management inspections being Records are safeguarded in a secured
Mae and Freddie Mac and those that are conducted under the authority of 44 environment. Buildings where records
not. Under this statutory mandate, U.S.C. 2904 and 2906. are stored have security cameras and 24-
FHFA is required to collect data on the (6) To a federal agency, organization, hour security guard service.
characteristics of individual mortgages or individual for the purpose of Computerized records are safeguarded
including, among other items, the price performing audit or oversight operations through use of access codes and other
of the property, the terms of mortgages, as authorized by law, but only such information technology security
and the creditworthiness of borrowers. information as is necessary and relevant measures. Paper records are safeguarded
The records in the opt-out list are to such audit or oversight function. by locked file rooms, locked file
maintained by a third party vendor in (7) To an FHFA regulated entity. cabinets, or locked safes. Access to the
order to ensure that those individuals (8) De-identified, anonymized data records is restricted to those individuals
who have opted out of receiving with the CFPB in order to facilitate who require access to the records in the
communications about the Surveys do reporting under the Dodd-Frank Wall performance of official duties related to
not receive any further communications. Street Reform and Consumer Protection the purposes for which the system is
Act (Pub. L. 111–203), as well as to maintained and who have agreed, in
ROUTINE USES OF RECORDS MAINTAINED IN THE
conduct research, performance writing, to maintain the confidentiality
SYSTEM, INCLUDING CATEGORIES OF USERS AND and integrity of the data.
modeling, and market monitoring.
THE PURPOSES OF SUCH USES:
(9) De-identified, anonymized data to RETENTION AND DISPOSAL:
In addition to those disclosures federal financial regulators and other
generally permitted under 5 U.S.C. U.S. Government agencies for Records are maintained in accordance
552a(b) of the Privacy Act, these records conducting research and analysis with National Archives and Records
or information contained therein may related to the mortgage markets and for Administration and FHFA retention
specifically be disclosed outside FHFA supervisory purposes; servicers are not schedules. Records are disposed of
as a routine use pursuant to 5 U.S.C. identified and information cannot be according to accepted techniques.
552a(b)(3) as follows: used for enforcement actions against SYSTEM MANAGER(S) AND ADDRESS:
(1) When (a) it is suspected or
servicers. Project Manager, National Mortgage
confirmed that the security or
confidentiality of information in the DISCLOSURE TO CONSUMER REPORTING Database Project, Federal Housing
system of records has been AGENCIES: Finance Agency, 400 Seventh Street
compromised; (b) FHFA has determined None. SW., Washington, DC 20024.
that as a result of the suspected or NOTIFICATION PROCEDURES:
confirmed compromise there is a risk of POLICIES AND PRACTICE FOR STORING,
RETRIEVING, ACCESSING, RETAINING AND Direct inquiries as to whether this
harm to economic or property interests, system contains a record pertaining to
DISPOSING OF RECORDS IN THE SYSTEM:
identity theft or fraud, or harm to the an individual to the Privacy Act Officer.
security or integrity of this system or STORAGE:
Inquiries may be mailed to the Privacy
other systems or programs (whether Records are maintained in electronic Act Officer, Federal Housing Finance
maintained by FHFA or another agency format, paper form, and magnetic disk Agency, 400 Seventh Street SW.,
or entity) that rely upon the or tape. Electronic records are stored in Washington, DC 20024, or electronically
compromised information; and (c) the computerized databases. Paper and at http://www.fhfa.gov/AboutUs/
disclosure is made to such agencies, magnetic disk or tape records are stored FOIAPrivacy/Pages/Privacy.aspx in
entities, and persons who are reasonably in locked file rooms, locked file accordance with the procedures set
necessary to assist in connection with cabinets, or locked safes. forth in 12 CFR part 1204.
FHFA’s efforts to respond to the
RETRIEVABILITY:
suspected or confirmed compromise RECORD ACCESS PROCEDURES:
and prevent, minimize, or remedy such For the purposes of compiling data Direct requests for access to the
harm. from the data sources under the second Privacy Act Officer. Requests may be
(2) To members of advisory component of the Project, the records mailed to the Privacy Act Officer,
committees that are created by FHFA or may contain anonymized personal Federal Housing Finance Agency, 400
by Congress to render advice and identifiers (i.e., a database-specific Seventh Street SW., Washington, DC
recommendations to FHFA or to constructed loan identifier or encrypted 20024, or can be submitted
Congress, to be used solely in unique identification numbers) for electronically at http://www.fhfa.gov/
connection with their official, purposes of matching the records with AboutUs/FOIAPrivacy/Pages/
designated functions. other datasets. After the matching is Privacy.aspx in accordance with the
(3) To contractor personnel and other complete, a de-identified copy of the procedures set forth in 12 CFR part
authorized individuals working on a matched dataset will be used under the 1204.
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contract, cooperative agreement, or first component of the Project for
project for FHFA or CFPB related to the conducting research and analysis as CONTESTING RECORD PROCEDURES:
NMDB. described above. FHFA may retain these Direct requests to contest or appeal an
(4) To the Office of Management and anonymized personal identifiers after adverse decision for a record to the
Budget, Department of Justice, the matching, but only for the purpose Privacy Act Appeals Officer. Requests
Department of Homeland Security, or of performing similar matches on future may be mailed to the Privacy Act
other federal financial regulatory data acquisitions. Under the third Appeals Officer, Federal Housing

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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices 52279

Finance Agency, 400 Seventh Street voting shares of Warren-Boynton State Officer—Nuha Elmaghrabi—Office of
SW., Washington, DC 20024, or can be Bank, both in New Berlin, Illinois. the Chief Data Officer, Board of
submitted electronically at http:// B. Federal Reserve Bank of St. Louis Governors of the Federal Reserve
www.fhfa.gov/AboutUs/FOIAPrivacy/ (Yvonne Sparks, Community System, Washington, DC 20551 (202)
Pages/Privacy.aspx in accordance with Development Officer) P.O. Box 442, St. 452–3829. Telecommunications Device
the procedures set forth in 12 CFR part Louis, Missouri 63166–2034: for the Deaf (TDD) users may contact
1204. 1. Smith Stock Ownership Trust, Guy (202) 263–4869, Board of Governors of
Richard Smith and Courtney B. Smith the Federal Reserve System,
RECORD SOURCE CATEGORIES:
Miller as trustees; all of Hot Springs, Washington, DC 20551.
The information in this system will be Arkansas; to acquire voting shares of OMB Desk Officer—Shagufta
obtained from: (1) Credit repository Smith Associated Banking Corporation, Ahmed—Office of Information and
data; (2) administrative data sources, Hot Springs, Arkansas, and thereby Regulatory Affairs, Office of
including mortgage data from Fannie indirectly acquire voting shares of Bank Management and Budget, New
Mae, Freddie Mac, the Banks, FHA, VA, of Salem, Salem, Arkansas, and Security Executive Office Building, Room 10235,
and other government agencies; (3) Bank, Stephens, Arkansas. 725 17th Street NW., Washington, DC
HMDA data; (4) other commercially- C. Federal Reserve Bank of Kansas 20503.
available mortgage, property, and City (Dennis Denney, Assistant Vice
appraisal sources; and (5) individuals Final Approval Under OMB Delegated
President) 1 Memorial Drive, Kansas Authority of the Extension for Three
who voluntarily respond to the Surveys. City, Missouri 64198–0001: Years, With Revision, of the Following
EXEMPTIONS CLAIMED FOR THE SYSTEM:
1. Cheryl A. Carr, Brett S. Carr, both Report
of Wichita, Kansas; Nancy B. Carr, Terry
None. L. Carr, both of Leawood, Kansas; and Report title: Recordkeeping and
Dated: August 20, 2015. Erin B. Hamell, Andover, Kansas; to Disclosure Requirements Associated
Melvin L. Watt, become part of the Carr family group with the Consumer Financial Protection
Director, Federal Housing Finance Agency. acting in concert, and to acquire voting Bureau’s (CFPB) Regulation E
shares of Community State Bancshares, (Electronic Fund Transfer Act).
[FR Doc. 2015–21288 Filed 8–27–15; 8:45 am]
Inc., and thereby indirectly acquire Agency form number: Reg E.
BILLING CODE 8070–01–P
voting shares of Community Bank of OMB control number: 7100–0200.
Frequency: Event-generated.
Wichita, Inc., both in Wichita, Kansas. Reporters: State member banks, their
Board of Governors of the Federal Reserve subsidiaries, subsidiaries of bank
FEDERAL RESERVE SYSTEM System, August 25, 2015. holding companies, U.S. branches and
Change in Bank Control Notices; Michael J. Lewandowski, agencies of foreign banks (other than
Acquisitions of Shares of a Bank or Associate Secretary of the Board. federal branches, federal agencies, and
Bank Holding Company [FR Doc. 2015–21313 Filed 8–27–15; 8:45 am] insured state branches of foreign banks),
BILLING CODE 6210–01–P commercial lending companies owned
The notificants listed below have or controlled by foreign banks, and
applied under the Change in Bank organizations operating under section
Control Act (12 U.S.C. 1817(j)) and FEDERAL RESERVE SYSTEM 25 or 25A of the Federal Reserve Act (12
§ 225.41 of the Board’s Regulation Y (12 U.S.C. 601–604a; 611–631).
CFR 225.41) to acquire shares of a bank Agency Information Collection Estimated annual reporting hours:
or bank holding company. The factors Activities: Announcement of Board Initial disclosures, 6,363 hours; Change-
that are considered in acting on the Approval Under Delegated Authority in-terms, 5,769 hours; Periodic
notices are set forth in paragraph 7 of and Submission to OMB statements, 15,960 hours; Error
the Act (12 U.S.C. 1817(j)(7)). resolution, 15,270 hours; Gift card
The notices are available for AGENCY: Board of Governors of the
exclusion policies and procedures,
immediate inspection at the Federal Federal Reserve System.
8,144 hours; Gift card policy and
Reserve Bank indicated. The notices SUMMARY: Notice is hereby given of the procedures, 8,144 hours; Remittance
also will be available for inspection at final approval of proposed information transfer disclosures (one-time), 122,160
the offices of the Board of Governors. collections by the Board of Governors of hours; Remittance transfer disclosures
Interested persons may express their the Federal Reserve System (Board) (ongoing), 97,728 hours; Error notice
views in writing to the Reserve Bank under OMB delegated authority. Board- from sender (consumers)(ongoing),
indicated for that notice or to the offices approved collections of information are 61,083 hours; Time limits and extent of
of the Board of Governors. Comments incorporated into the official OMB investigation (ongoing), 54,972 hours;
must be received not later than inventory of currently approved Transmitter error resolution standards
September 14, 2015. collections of information. Copies of the and recordkeeping requirements (one-
A. Federal Reserve Bank of Chicago Paperwork Reduction Act Submission, time), 40,720 hours; Transmitter error
(Colette A. Fried, Assistant Vice supporting statements and approved resolution standards and recordkeeping
President) 230 South LaSalle Street, collection of information instrument(s) requirements (ongoing), 8,144 hours;
Chicago, Illinois 60690–1414: are placed into OMB’s public docket Acts of agents (one-time), 40,720 hours;
1. William M. Pfeffer, New Berlin, files. The Federal Reserve may not Acts of agents (ongoing), 8,144 hours.
Illinois, individually and acting in conduct or sponsor, and the respondent Estimated average hours per response:
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concert with Mary Bobett Gerlach, is not required to respond to, an Initial disclosures, 1.5 minutes; Change-
Springfield, Illinois; Betsy Pech, Lincoln, information collection that has been in-terms, 1 minute; Periodic statements,
Illinois; and Barbara Pfeffer, Herrin, extended, revised, or implemented on or 7 hours; Error resolution, 30 minutes;
Illinois, as beneficiaries of the Robert after October 1, 1995, unless it displays Gift card exclusion policies and
Pfeffer Trust, as amended June 14, 1999; a currently valid OMB control number. procedures, 8 hours; Gift card policy
to acquire voting shares of WB Bancorp, FOR FURTHER INFORMATION CONTACT: and procedures, 8 hours; Remittance
Inc., and thereby indirectly acquire Federal Reserve Board Clearance transfer disclosures (one-time), 120

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Document Created: 2015-12-15 11:04:34
Document Modified: 2015-12-15 11:04:34

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of revision to an existing system of records; request for comments.
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.
Contact		Forrest Pafenberg, Program Manager, National Mortgage Database Project, [email protected] or (202) 649-3129; Stacy Easter, Privacy Act Officer, [email protected] or (202) 649-3803; or David A. Lee, Senior Agency Official for Privacy, [email protected] 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.
FR Citation		80 FR 52275