Call Reports Will Require More Mortgage Data

Federal regulators will be collecting more information about the mortgage banking activities of commercial banks, including single-family originations and earnings, under new revisions to the bank call reports.Commercial banks with at least $1 billion or more in assets will be required to report originations, purchases and sales of 1-4 family loans starting with Sept. 30 call reports. Smaller banks with at least $10 million in single-family originations, purchases and sales over two consecutive quarters also have to report these mortgage banking activities on the new Schedule RC-P of the call report. Meanwhile, the regulators delayed the reporting of net income from servicing fees, securitization income and gains (losses) on loan sales until the first quarter of 2007. Revisions to the March 31, 2007 call report also require lenders to report their 1-4 family construction loans and commitments separately from commercial real estate construction loans and commitments.