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.
Click here
for the Public Site. Click here
for Lender/HUD site.
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