Question

What information does the Mortgage Call Report (MCR) contain?

A) The MCR contains detailed information about mortgage loan origination and servicing activities, including data on loan volume, delinquencies, and foreclosures.
B) The MCR primarily focuses on credit scores and credit history of mortgage borrowers.
C) The MCR provides information about the real estate market, including property values and rental rates.
D) The MCR is a report that assesses the creditworthiness of mortgage lenders and banks.

Answer 1

The Mortgage Call Report (MCR) contains detailed information about mortgage loan origination and servicing activities, including data on loan volume, delinquencies, and foreclosures.

Step-by-step explanation:

The Mortgage Call Report (MCR) contains detailed information about mortgage loan origination and servicing activities, including data on loan volume, delinquencies, and foreclosures.

This report provides important insights into the mortgage market and helps regulators and policymakers monitor the activities of mortgage lenders and banks.

It does not primarily focus on credit scores and credit history of mortgage borrowers or provide information about the real estate market.