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

The Mortgage Call Report (MCR) is a regulatory compliance tool that provides a detailed overview of the mortgage activities of a lender during a specific timeframe, usually a quarter. It includes data on all transactions that have been originated, closed, or denied within that time period, which gives regulators insight into a company's lending practices and performance.

By including all transactions, the MCR allows for a comprehensive analysis of a lender's activities, helping to ensure transparency and accountability in the mortgage industry. This information is crucial for monitoring risk and compliance with federal regulations, particularly under the auspices of the Consumer Financial Protection Bureau (CFPB).

The other options, while relating to various aspects of mortgage regulation and reporting, do not capture the full scope of the data contained in the MCR, which centers specifically on transactional information in a quarterly format. This focus on transactions is key to understanding the overall performance of mortgage operations across the industry.