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Delivering Demographic Information

Starting May 20, 2019, all loans delivered to Fannie Mae will be required to include new data points to capture Demographic Information as required by updates to the Home Mortgage Disclose Act (HMDA). Loan Delivery has the ability to accept these data points. Visit the CFPB website for additional information, including details of the September 20, 2017 final ruling.

Delivering New Demographic Information Through MISMO File

When delivering a loan through a MISMO file, it is important to remember that all borrowers within that file must use the same data construct. If any borrower on a loan submits the new demographic information, ALL borrowers on that loan must also do so.

Delivering New Demographic Information through Manual Entry

Loan Delivery is designed to allow the new demographic information to be entered exactly as the borrower submitted it. Borrowers have the right to decline to provide any or all of the demographic information. However, for loan applications taken in person, the originating financial institution is required collect this information based on visual observation or surname, if the borrower refuses to provide it.

Determining How to Deliver Demographic Information Based on Borrower Type

Use the table below to determine how to deliver demographic data for all borrower types.

Delivering Demographic Information Based on Borrower Type
If Borrower Type is:	Then:
Legal entity, such as a non-profit corporation*	Report Not Applicable for Gender, Race, and Ethnicity Type.
Tax or estate planning trust, such as an inter vivos (living) trust*	Report Demographic Information for the individual(s) who established the trust using the same guidance provided for individual borrowers.
Individual borrower	Report the Demographic Information collected on the loan application.

*See Fannie Mae’s Selling Guide for additional information related to non-individual borrower eligibility and/or delivery requirements.