,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fhce ,,in ,,the ,,house ,,of ,,representatives ,may #ab1 #bjbj,ms4 ,porter introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to require residential mortgage servicers receiving certain emergency relief under the ,,cares ,act to provide reports on loan-level data1 and for other purposes4 #a4 ,mortgage performance data ,section #djjc7;c7 of the ,,cares ,act 7,public ,law #aaf-acf7 is amended by adding at the end the following3 7#d7 ,mortgage performance data 7,a7 ,monthly report 7i7 ,in general ,a servicer of a residential mortgage loan receiving a loan1 loan guarantee1 or any other investment under this section shall1 beginning in the first month in which the loan1 loan guarantee1 or investment was received1 collect and provide loan-level data to the ,bureau of ,consumer ,financial ,protection on a monthly basis with respect to all residential mortgage loans serviced by the servicer4 7ii7 ,contents ,each monthly report required under this subparagraph shall contain identifying information and loan performance data for the most recent month as well as cumulative data since the servicer began reporting under this paragraph4 7iii7 ,time period for reports ,reports under this paragraph shall be provided by a servicer every month in which a loan1 loan guarantee1 or any other investment under this section has been received and for #b years following such receipt4 7,b7 ,identifying information ,each monthly report required under subparagraph 7,a7 shall include the following loan-level identifying information3 7i7 ,demographic data1 for each borrower1 including race1 ethnicity1 sex1 and age4 7ii7 ,the location of the property1 including by ,state1 ,metropolitan ,statistical ,area1 postal code1 census tract1 and ,metropolitan ,district1 if applicable4 7iii7 ,loan origination information1 including original unpaid principal balance1 original interest rate1 first payment date1 original loan term1 and lien status 7first or subordinate74 7iv7 ,loan type and type of loan purchaser1 as described under section #cjd of the ,home ,mortgage ,disclosure ,act of #aige 7#ab ,u4,s4,c4 #bhjc7 and the rules issued to carry out such section74 7,c7 ,loan performance data ,each monthly report required under subparagraph 7,a7 shall include the following loan-level loan performance data3 7i7 ,current loan information1 including current actual unpaid principal balance1 current interest rate1 current loan delinquency status 7based on the number of days the borrower is delinquent in payments based on the due date of the last paid loan payment71 loan performance status 7including current1 forbearance1 repayment plan1 referred to foreclosure1 trial modification1 permanent modification1 or foreclosed71 and the date of the event leading to such status4 7ii7 ,loss mitigation information1 including-- 7,i7 whether the loan is currently being evaluated for loss mitigation1 and if so1 the date upon which the current loss mitigation process was initiated and the date of complete application1 if any2 7,,ii7 the disposition of any previous loss mitigation evaluation reported pursuant to subclause 7,i7 and the date of disposition1 including-- 7aa7 denied2 7bb7 temporary or short-term agreement1 such as a repayment agreement or forbearance1 and the length of such agreement 7in months72 7cc7 trial loan modification2 7dd7 permanent loan modification2 or 7ee7 other type of loss mitigation2 and 7,,iii7 for each permanent modification-- 7aa7 whether the permanent modification included one or more of-- 7,,aa7 additions of delinquent payments and fees to loan balances2 7,,bb7 interest rate reductions and freezes2 7,,cc7 term extensions2 7,,dd7 reductions of principal2 or 7,,ee7 deferrals of principal2 and 7bb7 whether the total monthly principal and interest payment1 as a result of the permanent modification-- 7,,aa7 increased2 7,,bb7 remained the same2 7,,cc7 decreased less than #aj percent2 7,,dd7 decreased between #aj and #bj percent2 or 7,,ee7 decreased #bj percent or more4 7,d7 ,forbearance data ,each monthly report required under subparagraph 7,a7 shall include1 with respect to each loan for which a forbearance has been reported under subparagraph 7,c77i71 forbearance-specific data1 including-- 7i7 the total months of total forbearance granted to date2 and 7ii7 the number of renewals of forbearance to date4 7,e7 ,public availability of aggregate data 7i7 ,in general ,using data submitted by servicers under this paragraph1 the ,director of the ,bureau of ,consumer ,financial ,protection shall make available aggregate data by servicer for each ,state1 ,metropolitan ,statistical ,area1 and ,metropolitan ,division1 as defined by the ,office of ,management and ,budget4 ,such aggregate data shall be provided monthly by the ,director to ,congress and posted on the ,bureau of ,consumer ,financial ,protection's website4 7ii7 ,exception for certain personally identifiable data ,if aggregate data described under clause 7i7 is nonetheless reasonably personally identifiable1 the ,director may report the aggregate data by servicer on the next larger geographic unit 7such that1 for example1 data would not be reported by ,municipal ,division but only by ,metropolitan ,statistical ,area and ,state74 7,f7 ,implementation ,the ,director of the ,bureau of ,consumer ,financial ,protection shall1 within #fj days of the date of enactment of this paragraph1 and in consultation with the ,director of the ,federal ,housing ,finance ,agency and the ,comptroller of the ,currency1 prescribe the format and method of submission of the data required under this paragraph4 ,the ,director of the ,bureau may prescribe rules for the collection of the data in order to ensure accuracy1 transparency1 and complete data collection1 including the collection and reporting of additional data elements1 but may not require reporting of fewer data elements than prescribed by this paragraph nor less frequent reporting than required by this paragraph4 7,g7 ,definitions ,in this paragraph3 7i7 ,,covid-#ai emergency ,the term ,,covid-#ai emergency means the national emergency concerning the novel coronavirus disease 7,,covid-#ai7 outbreak declared by the ,president on ,march #ac1 #bjbj1 under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq474 7ii7 ,residential mortgage loan ,the term residential mortgage loan has the meaning given that term under section #ajc7;dd7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afjb7;dd774 7iii7 ,servicer ,the term servicer has the meaning given in section #f7;i7 of the ,real ,estate ,settlement ,procedures ,act of #aigd 7#ab ,u4,s4,c4 #bfje7;i774 4