---
kind: "section"
citation: "12 U.S.C. § 4544"
title: "12"
title_heading: "Banks and Banking"
number: "4544"
heading: "Annual housing report"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4544"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter I — Supervision and Regulation of Enterprises"
  - "Part B — Additional Authorities of the Director"
  - "Subpart 1 — general authority"
---

# §4544. Annual housing report

- (a) **In general—** After reviewing and analyzing the reports submitted under [section 1723a(n) of this title](/usc/12/1723a.md?p=n) and [section 1456(f) of this title](/usc/12/1456.md?p=f), the [Director](/usc/12/4502.md?p=9) shall submit a report, not later than October 30 of each year, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, on the activities of each [enterprise](/usc/12/4502.md?p=10).
- (b) **Contents—** The report required under [subsection (a)](#a) shall—
  - (1) discuss—
    - (A) the extent to and manner in which—
      - (i) each [enterprise](/usc/12/4502.md?p=10) is achieving the annual housing goals established under subpart 2;
      - (ii) each [enterprise](/usc/12/4502.md?p=10) is complying with its duty to serve underserved markets, as established under [section 4565 of this title](/usc/12/4565.md);
      - (iii) each [enterprise](/usc/12/4502.md?p=10) is complying with [section 4567 of this title](/usc/12/4567.md);
      - (iv) each [enterprise](/usc/12/4502.md?p=10) received [credit](/usc/12/5481.md?p=7) towards achieving each of its goals resulting from a transaction or activity pursuant to [section 4561(b)(2) of this title](/usc/12/4561.md); and
      - (v) each [enterprise](/usc/12/4502.md?p=10) is achieving the purposes of the [enterprise](/usc/12/4502.md?p=10) established by law; and
    - (B) the actions that each [enterprise](/usc/12/4502.md?p=10) could undertake to promote and expand the purposes of the [enterprise](/usc/12/4502.md?p=10);
  - (2) aggregate and analyze relevant data on income to assess the compliance of each [enterprise](/usc/12/4502.md?p=10) with the housing goals established under subpart 2;
  - (3) aggregate and analyze data on income, race, and gender by census tract and other relevant classifications, and compare such data with larger demographic, housing, and economic trends;
  - (4) identify the extent to which each [enterprise](/usc/12/4502.md?p=10) is involved in [mortgage purchases](/usc/12/4502.md?p=17) and secondary market activities involving subprime and nontraditional loans;
  - (5) compare the characteristics of subprime and nontraditional loans both purchased and securitized by each [enterprise](/usc/12/4502.md?p=10) to other loans purchased and securitized by each [enterprise](/usc/12/4502.md?p=10); and
  - (6) compare the characteristics of high-cost loans purchased and securitized, where such securities are not held on portfolio to loans purchased and securitized, where such securities are either retained on portfolio or repurchased by the [enterprise](/usc/12/4502.md?p=10), including such characteristics as—
    - (A) the purchase price of the property that secures the [mortgage](/usc/12/1707.md?p=a);
    - (B) the loan-to-value ratio of the [mortgage](/usc/12/1707.md?p=a), which shall reflect any secondary liens on the relevant property;
    - (C) the terms of the [mortgage](/usc/12/1707.md?p=a);
    - (D) the creditworthiness of the borrower; and
    - (E) any other relevant data, as determined by the [Director](/usc/12/4502.md?p=9).
- (c) **Data collection and reporting—**
  - (1) **In general—** To assist the [Director](/usc/12/4502.md?p=9) in analyzing the matters described in [subsection (b)](#b), the [Director](/usc/12/4502.md?p=9) shall conduct, on a monthly basis, a survey of [mortgage](/usc/12/1707.md?p=a) markets in accordance with this subsection.
  - (2) **Data points—** Each monthly survey conducted by the [Director](/usc/12/4502.md?p=9) under [paragraph (1)](#c-1) shall collect data on—
    - (A) the characteristics of individual [mortgages](/usc/12/1707.md?p=a) that are eligible for purchase by the [enterprises](/usc/12/4502.md?p=10) and the characteristics of individual [mortgages](/usc/12/1707.md?p=a) that are not eligible for purchase by the [enterprises](/usc/12/4502.md?p=10) including, in both cases, information concerning—
      - (i) the price of the house that secures the [mortgage](/usc/12/1707.md?p=a);
      - (ii) the loan-to-value ratio of the [mortgage](/usc/12/1707.md?p=a), which shall reflect any secondary liens on the relevant property;
      - (iii) the terms of the [mortgage](/usc/12/1707.md?p=a);
      - (iv) the creditworthiness of the borrower or borrowers; and
      - (v) whether the [mortgage](/usc/12/1707.md?p=a), in the case of a [conforming mortgage](/usc/12/4502.md?p=26), was purchased by an [enterprise](/usc/12/4502.md?p=10);
    - (B) the characteristics of individual subprime and nontraditional [mortgages](/usc/12/1707.md?p=a) that are eligible for purchase by the [enterprises](/usc/12/4502.md?p=10) and the characteristics of borrowers under such [mortgages](/usc/12/1707.md?p=a), including the creditworthiness of such borrowers and determination whether such borrowers would qualify for prime lending; and
    - (C) such other matters as the [Director](/usc/12/4502.md?p=9) determines to be appropriate.
  - (3) **Public availability—** The [Director](/usc/12/4502.md?p=9) shall make any data collected by the [Director](/usc/12/4502.md?p=9) in connection with the conduct of a monthly survey available to the public in a timely manner, provided that the [Director](/usc/12/4502.md?p=9) may modify the data released to the public to ensure that the data—
    - (A) is not released in an identifiable form; and
    - (B) is not otherwise obtainable from other publicly available data sets.
  - (4) **Definition—** For purposes of this subsection, the term “identifiable form” means any representation of information that permits the identity of a borrower to which the information relates to be reasonably inferred by either direct or indirect means.

## Source credit

(Pub. L. 102–550, title XIII, § 1324, as added Pub. L. 110–289, div. A, title I, § 1125(b), July 30, 2008, 122 Stat. 2693.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 4544, Pub. L. 102–550, title XIII, § 1324, Oct. 28, 1992, 106 Stat. 3954, related to annual housing report, prior to repeal by Pub. L. 110–289, div. A, title I, § 1125(a), July 30, 2008, 122 Stat. 2693.