Notice2022-06545
Privacy Act of 1974; System of Records
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 29, 2022
Issuing agencies
Housing and Urban Development Department
Abstract
HUD staff and lenders use the Single Family Neighborhood Watch Early Warning (SFNW) system to monitor default and claim rates on Fair Housing Administration (FHA) insured loans originated, underwritten, and serviced by FHA approved mortgagees. Pursuant to the provisions of the Privacy Act of 1974, as amended, the Department of the Housing and Urban Development (HUD) is issuing a public notice of its intent to rescind the Deputy Assistant Secretary for Single Family Housing, Office of Lender Activities and Program Compliance, Privacy Act system of record, HUD/HS-16: Single Family Neighborhood Watch Early Warning System" (SFNW), after further evaluation determined the system does not qualify as a Privacy Act System of Record.
Full Text
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<title>Federal Register, Volume 87 Issue 60 (Tuesday, March 29, 2022)</title>
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[Federal Register Volume 87, Number 60 (Tuesday, March 29, 2022)]
[Notices]
[Pages 18026-18027]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-06545]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7062-N-03]
Privacy Act of 1974; System of Records
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice of a rescindment of a system of record.
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SUMMARY: HUD staff and lenders use the Single Family Neighborhood Watch
Early Warning (SFNW) system to monitor default and claim rates on Fair
Housing Administration (FHA) insured loans originated, underwritten,
and serviced by FHA approved mortgagees. Pursuant to the provisions of
the Privacy Act of 1974, as amended, the Department of the Housing and
Urban Development (HUD) is issuing a public notice of its intent to
rescind the Deputy Assistant Secretary for Single Family Housing,
Office of Lender Activities and Program Compliance, Privacy Act system
of record, HUD/HS-16: Single Family Neighborhood Watch Early Warning
System'' (SFNW), after further evaluation determined the system does
not qualify as a Privacy Act System of Record.
DATES: This System of Records rescindment is effective upon
publication. The specific date for when this system ceased to be a
Privacy Act System of Records is 07/30/2021.
ADDRESSES: You may submit comments, identified by docket number and
title, by any of the following methods:
Federal e-Rulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>. Follow the
instructions provided on that site to submit comments electronically.
Fax: 202-619-8365.
Email: <a href="/cdn-cgi/l/email-protection#4f383838613f3d26392e2c360f273a2b61282039"><span class="__cf_email__" data-cfemail="e2959595cc92908b9483819ba28a9786cc858d94">[email protected]</span></a>.
Mail: Attention: Privacy Office; LaDonne White, Chief Privacy
Officer, The Executive Secretariat, 451 Seventh Street SW, Room 10139;
Washington, DC 20410-0001.
Instructions: All submissions received must include the agency name
and docket number for this rulemaking. All comments received will be
posted without change to <a href="http://www.regulations.gov">http://www.regulations.gov</a>. including any
personal information provided.
Docket: For access to the docket to read background documents or
comments received go to <a href="http://www.regulations.gov">http://www.regulations.gov</a>.
FOR FURTHER INFORMATION CONTACT: Ladonne White, Chief Privacy Officer,
The Privacy Office, 451 Seventh Street SW, Room 10139, Washington, DC
20410-0001; telephone number 202-708-3054 (this is not a toll-free
number). Individuals who are hearing- or speech-impaired may access
this telephone number via TTY by calling the Federal Relay Service at
800-877-8339 (this is a toll-free number).
SUPPLEMENTARY INFORMATION: The Single Family Neighborhood Watch Early
Warning System was evaluated and identified for rescindment from the
Single Family Housing, Office of Lender Activities and Program
Compliance Privacy Act systems of records inventory. The Single Family
Neighborhood Watch Early Warning System (Neighborhood Watch) is used to
monitor default and claim rates on FHA insured loans originated,
underwritten and serviced by FHA that is reported to FHA by its
mortgage servicers. The system provides a critical component for FHA's
risk management strategy by allowing for in depth analysis to be
performed on lending institution performance based on trends in the
number of defaults and claims over time, among geographic areas, and
across product types. Neighborhood Watch also allows for analysis to be
carried out on the nature of the delinquencies that are reported to FHA
by its servicers, the period of the mortgage lifecycle in which those
delinquencies took place and the success rate of loss mitigation
actions in bringing mortgagors current on their loans. Both of these
capabilities better position FHA to manage current and future risk to
its insurance funds by providing the means for evaluating the causes
for delinquencies. This information assists lenders improve their
origination, underwriting, and
[[Page 18027]]
servicing practices, and helps prevent unnecessary foreclosures and
insurance claims. The SORN retrieval practice was evaluated, and it was
determined that records within the system are not retrieved by an
individual's personal unique identifier that qualifies for as SORN
under the Privacy Act. The Department's FHA Case Number and other
retrieval practices mentioned in the existing SORN does not constitute
a retrieval for purpose of the Privacy Act. Records that are used for
reviewing the default and claim rates of mortgages originated,
underwritten, and serviced by FHA-approved lending institutions will
continue to be maintained by SFNW.
SYSTEM NAME AND NUMBER:
HUD/HS-16: Single Family Neighborhood Watch Early Warning System''
(SFNW).
HISTORY:
HUD/HS-16: Single Family Neighborhood Watch Early Warning System
(December 19, 2003).
Ladonne White,
Departmental Privacy Officer.
[FR Doc. 2022-06545 Filed 3-28-22; 8:45 am]
BILLING CODE 4210-67-P
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