On the 1003, what information is asked for government monitoring purposes?

The information requested for government monitoring purposes on the Uniform Residential Loan Application, commonly referred to as the 1003 form, includes details regarding the borrower's race and sex. This demographic data is collected to ensure compliance with various fair lending regulations, including the Home Mortgage Disclosure Act (HMDA). The purpose of collecting this information is to monitor lending practices and ensure that all individuals, regardless of race or gender, have fair access to mortgage loans. This data helps regulators and lawmakers identify potential discrimination and enforce equitable lending practices across the industry.

While the other pieces of information listed, such as income and employment status, social security number, and property address, are vital for processing mortgage applications and assessing creditworthiness, they are not collected specifically for monitoring purposes in the same way that demographic data is. Thus, the correct answer focuses on the demographic aspects that serve a broader regulatory purpose within the financial lending landscape.