HUD Upgrades Neighborhood Watch/Early Warning System

The Neighborhood Watch Early Warning system is a web-based software application that helps HUD staff andlenders identify originating and sponsoring lenders, loan characteristics and geographic areas that have a highincidence of single family insured m

1 minute read

October 29, 2000, 5:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Housing and Urban Development Secretary Andrew Cuomo today announced that HUD?sNeighborhood Watch/Early Warning system has been upgraded to include the availability of lender branch levelsummary data and case level detail. This system was initially developed to aid HUD staff in evaluating its programs and in monitoring the originationperformance of lenders (at the institution level) approved to originate loans that are insured by the Federal HousingAuthority (FHA), which is part of HUD. The system was made available to lenders in March 1999 via the FHAConnection, so that lenders can police themselves and each other. Usage continues to grow each day, with as manyas 500 lenders accessing the system daily.

Thanks to Abhijeet Chavan

FULL STORY: HUD No. 00-313

Friday, October 27, 2000 in HUD News

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