General Discussion

Gormy Cuss

(30,884 posts)

22. AFAIK, it's a gross misrepresentation of the notice.

Sat May 31, 2014, 11:49 AM

May 2014

The goal is to collect individually identifiable data on a random subset of individuals. The notice is a request for comment.
I don't know what the n is but the notice clearly states that it's a database of 1 in 20 first lien, single family residence mortgages, which probably translates into far fewer than 5% of individuals with mortgages.

III. Revised System of Records

The revised system of records, ``National Mortgage Database
Project'' (FHFA-21), will contain records related to loan-level
information on first lien single-family mortgages in existence at any
point in time from January 1998 to the present (and continuing on into
the future). It is designed to be a nationally representative random
sample (1-in-20) rather than a universal registry. The National
Mortgage Database Project will be built from representative credit
repository data and data from other administrative data sources,
including the National Survey of Mortgage Borrowers.

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New Federal Database Will Track Americans' Credit Ratings, Other Financial Information [View all] eridani May 2014 OP

Oh, wait - this is not an egregious outrage because all the information was available elsewhere, djean111 May 2014 #1

Thought NSA already had all of that. Downwinder May 2014 #2

NSA has access to all that, certainly. djean111 May 2014 #3

And this has the effect of making it normal. zeemike May 2014 #6

no, it just means you've been hoodwinked by libertarians. geek tragedy Jun 2014 #41

Um, guess I forgot the sarcasm thingy, so this - djean111 Jun 2014 #43

no, you've been hoodwinked by a prisonplanet story about a SURVEY geek tragedy Jun 2014 #44

The government has yout tax data anyway. It's needed to track financial industry abuses. TheBlackAdder May 2014 #4

Ah, the 'if you have nothing to hide' response..... blackspade May 2014 #9

I would have assumed that they tracked this already. Orrex May 2014 #5

.... DeSwiss May 2014 #7

That ought to piss off the companies that make you pay for it... Historic NY May 2014 #8

"including their Social Security numbers" jberryhill May 2014 #10

Glad you don't mind having yours available to any motivated hacker eridani May 2014 #29

You can do limited datamining of e-verify jberryhill May 2014 #31

If you don't mind your Social security number being PUBLISHED-- eridani May 2014 #33

"as far as I know, is pretty much aware of my social security number" George II Jun 2014 #35

That was sort of my point jberryhill Jun 2014 #36

I see you are still refusing to see the difference between HAVING the SocSec number-- eridani Jun 2014 #42

We are now ruled by fascists. woo me with science May 2014 #11

Now? We've been ruled by fascists for a long time. Initech May 2014 #28

If they are gong to compile it all in one place, shouldn't they then be responsible for safeguarding silvershadow May 2014 #12

I am not kidding Leme May 2014 #17

If this is portrayed correctly, which I think it isn't (there just are too few facts given).... George II May 2014 #13

The agency is collecting credit info on every person JimDandy May 2014 #18

According to the 2010 census... George II May 2014 #19

Dead people with previous mortgages JimDandy May 2014 #21

AFAIK, it's a gross misrepresentation of the notice. Gormy Cuss May 2014 #22

Thanks for adding some common sense to this. George II May 2014 #23

Gee, what a surprise jberryhill Jun 2014 #37

By the way, when I went to the link provided, Norton detected several attempted virus attacks!!! George II May 2014 #14

They already have this information LittleGirl May 2014 #15

Risky. davidthegnome May 2014 #16

The census information is released after 72 years, I don't think this is realtime information. Thinkingabout May 2014 #27

Yeah, because identity theft thankfully has not been a problem until now. nt geek tragedy Jun 2014 #39

And the actual point of this???? Half-Century Man May 2014 #20

I have zero faith that this is good for America. nt Leme May 2014 #24

+10000 That's exactly the relevant point. woo me with science May 2014 #25

Too much government! yallerdawg May 2014 #26

The government does not PUBLISH Social Security numbers eridani May 2014 #30

please provide an actual site with actual information rather than clickbait nonsense. geek tragedy Jun 2014 #40

You've seen this movie before, eh? jberryhill May 2014 #32

At the risk of being alerted for posting a cartoon, woo me with science May 2014 #34

libertarians of the world, unite against the evils of big gubmint including the horrible CFPB! geek tragedy Jun 2014 #38

Valuable info for mortgage company spammers too L0oniX Jun 2014 #45