the loan, including any payments for insurance, 
taxes, and any other amounts escrowed under the 
loan, and making payments of principal and interest 
and such other payments with respect to such 
amounts received from the borrower as may be re-
quired under the terms of the loan.’’. 
SEC. 5. NATIONAL HOME MORTGAGE AND LOAN PERFORM-
ANCE REGISTRY. 
The Home Mortgage Disclosure Act of 1975 (12 
U.S.C. 2801 et seq.) is amended by adding at the end 
the following new section: 
‘‘SEC. 312. NATIONAL HOME MORTGAGE AND LOAN PER-
FORMANCE REGISTRY. 
‘‘(a) ESTABLISHMENT.—The Board shall establish a 
National Home Mortgage and Loan Performance Registry 
(in this section referred to as the ‘Registry’) to compile 
and make available information collected under this Act 
regarding the making of mortgage loans and the perform-
ance of such loans, including information regarding de-
fault and foreclosure occurrences and rates, for mortgage 
loans for single-family housing, multifamily housing, and 
small farms. 
‘‘(b) QUARTERLY REPORTS.— 
‘‘(1) IN GENERAL.—Using information collected 
in the Registry, the Board shall submit a report for 
VerDate Nov 24 2008 
05:24 Jul 15, 2009
Jkt 079200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H3195.IH
H3195
smartinez on DSKB9S0YB1PROD with BILLS
each calendar quarter as promptly as possible after 
the conclusion of such quarter to the Congress, the 
Secretary of the Treasury, and the Secretary of 
Housing and Urban Development regarding the per-
formance of mortgage loans outstanding during such 
quarter in the United States. 
‘‘(2) INFORMATION.—Each report under this 
subsection for a calendar quarter shall provide ag-
gregate data regarding mortgage loans originated 
during the quarter, mortgage loan defaults and de-
fault rates during the quarter, and mortgage loan 
foreclosures and foreclosure rates during the quarter 
and such other data as the Board considers appro-
priate to assist the housing industry, the Federal 
Government, and State and local governments to 
make effective decisions regarding the provision of 
housing and Federal housing assistance. Such data 
shall be provided for mortgage loans for each census 
tract, zip code, county, metropolitan area, and State, 
based on the location of the property securing the 
loan. 
‘‘(3) REVIEW AND CERTIFICATION.—The Board 
shall review and certify the accuracy of the data in-
cluded in each quarterly report under this subsection 
VerDate Nov 24 2008 
05:24 Jul 15, 2009
Jkt 079200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H3195.IH
H3195
smartinez on DSKB9S0YB1PROD with BILLS
before submitting such report in accordance with 
paragraph (1). 
‘‘(4) PUBLIC AVAILABILITY.—The Board shall 
make each report under this subsection publicly 
available upon submission in accordance with para-
graph (1).’’. 
SEC. 6. REPORT TO CONGRESS ON IMPROVING REGISTRY. 
Not later than the expiration of the 18-month period 
beginning on the date of the enactment of this Act, the 
Board of Governors of the Federal Reserve System, the 
Secretary of the Treasury, and Secretary of Housing and 
Urban Development shall jointly submit a report to the 
Congress setting forth any additional actions or authority 
necessary to provide for the National Home Mortgage and 
Loan Performance Registry (as established under the 
amendment made by section 5 of this Act) to— 
(1) more accurately determine and report fore-
closure rates for residential mortgages, including 
mortgage statistics, for single-family and multifamily 
housing and small farms in the United States; and 
(2) obtain information sufficient to allow— 
(A) more effective use of the Registry to 
evaluate existing Federal housing programs; 
and 
VerDate Nov 24 2008 
05:24 Jul 15, 2009
Jkt 079200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H3195.IH
H3195
smartinez on DSKB9S0YB1PROD with BILLS
(B) more effective use of the Registry to 
evaluate mortgage lending practices; and 
(3) to improve the function and purpose of the 
Registry. 
SEC. 7. REGULATIONS. 
Not later than the expiration of the 18-month period 
beginning on the date of the enactment of this Act, the 
Board of Governors of the Federal Reserve System shall 
commence a rulemaking proceeding to issue any regula-
tions necessary to amend, modify, and update the regula-
tions of the Board regarding home mortgage disclosure 
(12 C.F.R. part 203; known as regulation C) in accord-
ance with this Act and the amendments made by this Act. 
Æ 
VerDate Nov 24 2008 
21:16 Jul 15, 2009
Jkt 079200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6301
E:\BILLS\H3195.IH
H3195
smartinez on DSKB9S0YB1PROD with BILLS