The Neighborhood Watch system is a web-based software application that displays loan performance data for lenders and appraisers, by loan types and geographic areas using FHA-insured single family loan information.
The loan information is displayed for a two-year origination period and is updated on a monthly basis. The default data includes current defaults, and defaults within the first year and first two years from endorsement. A defaulted loan is one that is 90 or more days delinquent. First defaults are when the loan went into default the first time and could have subsequently cured. Current defaults are loans that were 90 days or more delinquent as of the date reported and have an active FHA insurance status. These loans are displayed in the statistics because it is important to note that a loan went into early default within the first 24 months of its origination.
Note: Statistics are based on loan volume by lender; therefore users should be careful when viewing the data for low volume lenders with high default and claim percentages.
The Neighborhood Watch system has an extensive Help feature. Please review the help menu before attempting to operate the system.
There are two ways to access Neighborhood Watch. The first way is through the Public Site, which provides general information accessible by anyone in the general public. It does not provide access to loan-level data. Click here for the Public Site.
The second way is through the Lender/HUD site. Because this option provides access to granular data at a loan level, access to this option is limited to employees of the querying institution and requires a user ID and password issued by HUD. Click here for Lender/HUD site.