What component of the Mortgage Call Report is due annually?

The component of the Mortgage Call Report that is due annually is the Financial Condition. This section provides essential data regarding a mortgage company's financial status, including assets, liabilities, and capital. It allows regulators to assess the financial health of the institution and ensure that it adheres to prudential standards.

Annual reporting of the Financial Condition is crucial because it helps to maintain transparency and accountability within the mortgage industry. By requiring this information on a yearly basis, regulatory bodies are able to monitor trends over time, identify potential financial risks, and ensure that lending practices align with regulatory requirements.

Other components may have different reporting frequencies. For example, the Residential Mortgage Loan Activity is typically reported more frequently (quarterly) to provide timely insights into the volumes and performance of loan originations. A market analysis or a loan performance review may also have specific reporting requirements, but these would not align with the annual schedule of the Financial Condition component.