Browse: Departments   Dates   Agencies  

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Housing and Urban Development Department

Docket ID: [Docket No. FR-4456-N-29]

NOTICE: NOTICES

ACTION: Privacy Act:

DOCUMENT ACTION: Notification of the establishment of a new system of records.

SUBJECT CATEGORY: Privacy Act of 1974; Establishment of a New System of Records

DATES: Effective Date: This proposal shall become effective without further notice on January 20, 2004, unless comments are received on or before that date which would result in a contrary determination.

Comments Due Date: January 20, 2004.

DOCUMENT SUMMARY: Pursuant to the provision of the Privacy Act of 1974 (5 U.S.C. 552a), HUD is giving notice that it proposes to establish a new system of records entitled the ``Single Family Neighborhood Watch Early Warning System'' (NW). HUD staff and lenders use NW to monitor default and claim rates on FHA insured loans for FHAapproved lenders and FHA programs. The system includes records from individuals who have obtained a mortgage insured under HUD/FHA's singlefamily mortgage insurance programs. It also includes records from individuals involved in the HUD/FHA singlefamily loan origination process. Specifically, records contained in the system include borrowers' name, property address, Social Security Number or other identifying numbers. NW is a Webbased query tool that displays summary and loan level origination, default and claim information by originating, sponsoring, principal, and agent lenders for twoyear periods by beginning amortization date for FHA insured loans, etc.

SUMMARY: Systems of records,

SUPPLEMENTAL INFORMATION

HUD's Office of Lender Activities and Program Compliance (LAPC) is responsible for monitoring FHA approved lenders to ensure that they follow HUD guidelines when they originate, sponsor, and/or service FHA insured loans. In addition, LAPC is responsible for implementing HUD's Credit Watch Termination initiative that allows HUD to terminate the origination approval agreement of lender branches whose default and claim rate exceeds the field offices default and claim rate by 200% or more. HUD staff use NW to target FHA approved lenders for onsite monitoring reviews and to evaluate lender performance relative to HUD's Credit Watch Termination initiative. HUD also uses the Appraiser performance information that is currently only available to HUD staff, to evaluate Appraiser performance.

Authority: 5 U.S.C. 552a; 88 Stat. 1896; 42 U.S.C. 3535(d).

Dated: December 4, 2003.
Gloria R. Parker,
Chief Technology Officer.
HUD/HS16

FOR FURTHER INFORMATION CONTACT For Privacy Act Information: Jeanette Smith, Departmental Privacy Act Officer, Telephone Number (202) 708 2374. For Housing, Single Family Neighborhood Watch Early Warning System information, Phillip Murray, Director, Office of Lender Activities and Program Compliance, Office of Housing, Department of Housing and Urban Development, 451 7th Street, SW., Room B133, Washington, DC 204108000; telephone (202) 7081515 (this is not a tollfree number). Persons with hearing or speechimpairments may access this number via TTY by calling the tollfree Federal Information Relay Services at 18008778339.