[Federal Register Volume 87, Number 60 (Tuesday, March 29, 2022)]
[Notices]
[Pages 18026-18027]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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: http://www.regulations.gov. 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 http://www.regulations.gov. including any 
personal information provided.
    Docket: For access to the docket to read background documents or 
comments received go to http://www.regulations.gov.

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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