US Code
SUBCHAPTER V— MISCELLANEOUS
§ 1735f–18. Information regarding early defaults and foreclosures on insured mortgages

(a) In generalThe Secretary of Housing and Urban Development shall collect and maintain information regarding early defaults on mortgages as provided under this section. The Secretary shall make such information available for public inspection upon request. Information shall be collected quarterly with respect to each applicable collection period (as such term is defined in subsection (c)) and shall be available for inspection not more than 30 days after the conclusion of the calendar quarter relating to each such period. Information shall first be made available under this section for the applicable collection period relating to the first calendar quarter ending more than 180 days after November 28, 1990.
(b) Contents(1) Mortgage lender analysisInformation collected under this section shall include, for each lender originating mortgages during the applicable collection period that are insured pursuant to section 1709 of this title and secured by property in a designated census tract, the following information with respect to such mortgages:(A) The name of the lender and the number of each designated census tract in which the lender originated 1 or more such mortgages during the applicable collection period.
(B) The total number of such mortgages originated by such lender during the applicable collection period in each designated census tract and the number of mortgages originated each year in each designated census tract.
(C) The total number of defaults and foreclosures on such mortgages during the applicable collection period in each designated census tract and the number of defaults and foreclosures in each designated census tract in each year of the period.
(D) For each designated census tract, the percentage of such lender’s total insured mortgages originated during each year of the applicable collection period (with respect to properties within such census tract) on which defaults or foreclosures have occurred during the applicable collection period.
(E) The total of all such originations, defaults, and foreclosures on insured mortgages originated by such lender during the applicable collection period for all designated census tracts and the percentage of the total number of such lender’s insured mortgage originations on which defaults or foreclosures have occurred during the applicable collection period.
(2) Other informationInformation collected under this section shall also include the following:(A) For each lender referred to under paragraph (1), the total number of insured mortgages originated by the lender secured by properties not located in a designated census tract, the total number of defaults and foreclosures on such mortgages, and the percentage of such mortgages originated on which defaults or foreclosures occurred during the applicable collection period.
(B) For each designated census tract, the total number of mortgages originated during the applicable collection period that are insured pursuant to section 1709 of this title, the number of defaults and foreclosures occurring on such mortgages during such period, and the percentage of the total insured mortgage originations during the period on which defaults or foreclosures occurred.
(c) Annual reportsThe Secretary shall submit to the Congress annually a report containing the information collected and maintained under subsection (b) for the relevant year.
(d) DefinitionsFor purposes of this section:(1) Applicable collection periodThe term “applicable collection period” means the 5-year period ending on the last day of the calendar quarter for which information under this section is collected.
(2) Designated census tractThe term “designated census tract” means a census tract located within a metropolitan statistical area, as defined pursuant to regulations issued by the Secretary of Commerce.

Structure US Code

US Code

Title 12— BANKS AND BANKING

CHAPTER 13— NATIONAL HOUSING

SUBCHAPTER V— MISCELLANEOUS

§ 1731. Repealed. , , eff.

§ 1731a. Penalties

§ 1731b. Prohibition against transient housing

§ 1732. Separability

§ 1733. Application of other laws

§ 1734. Amendment, extension, or increase of commitment amounts

§ 1735. Payment of certain funds to Treasury

§ 1735a. Prepayment of mortgages by nonprofit educational institutions; refunds

§ 1735b. Expenditures to correct or reimburse for structural or other major defects in mortgaged homes

§ 1735c. General Insurance Fund

§ 1735d. Payment of insurance benefits in cash or debentures; borrowing money from Treasury to make payments

§ 1735e. Acceptance of materials or products used in structures

§ 1735e–1. Use of American materials and products

§ 1735f. Water and sewerage facilities

§ 1735f–1. Waiver of deduction on assignment of property to Secretary in lieu of foreclosure

§ 1735f–2. Uniform rehabilitation standards for housing within and without urban renewal areas

§ 1735f–3. Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

§ 1735f–4. Minimum property standards

§ 1735f–5. Prohibition against discrimination on account of sex in extension of mortgage assistance; consideration of combined income of husband and wife for purpose of extending mortgage credit; definitions

§ 1735f–6. Secondary mortgages held by State or local governmental agency on insured properties

§ 1735f–7. Exemption from State usury laws; applicability

§ 1735f–7a. State constitution or laws limiting mortgage interest, discount points, and finance or other charges; exemption for obligations made after

§ 1735f–8. Time of payment of premium charges

§ 1735f–9. Limitation on commitments to insure loans and mortgages

§ 1735f–10. Change of mortgagee status

§ 1735f–11. Review of mortgagee performance and authority to terminate

§ 1735f–12. Assurance of adequate processing of applications for loan and mortgage insurance

§ 1735f–13. Prohibition of requirement of minimum principal loan amount

§ 1735f–14. Civil money penalties against mortgagees, lenders, and other participants in FHA programs

§ 1735f–15. Civil money penalties against multifamily mortgagors

§ 1735f–16. Annual audited financial statements

§ 1735f–17. Examinations and sanctions for certain violations

§ 1735f–18. Information regarding early defaults and foreclosures on insured mortgages

§ 1735f–19. Partial payment of claims on defaulted mortgages and in connection with mortgage restructuring

§ 1735f–20. Authorization of appropriations for General and Special Risk Insurance Funds

§ 1735g. Mortgage relief for homeowners who are unemployed as result of closing of Federal installation

§ 1735h. Repealed. , ,