Neighborhood Watch/Early Warning System Help - Output Table Column Explanations -- Single Lender


        A sequential ranking of records in the order listed.


        Indicates that the lender is on Credit Watch or Termination status within the displayed HUD Office jurisdiction. Refer to Mortgage Letter 99-15 for more details about the Credit Watch Termination initiative.


        The items being ranked to identify the Early Warnings.

Possible Items are:
  • United States
  • Homeownership Centers (HOC)
  • States
  • HUD Offices
  • Metropolitan Statistical Areas (MSA)
  • Counties
  • Cities
  • Zip Codes (City and State also displayed)


        (1) a HUD/FHA approved mortgage broker or mortgage company which, principally, originates mortgages for sale or transfer to a Sponsor or (2) a Supervised Mortgagee which applied for HUD/FHA approval as a Loan Correspondent. A non-supervised Loan Correspondent may only originate FHA mortgages and may not sell insured mortgages to any mortgagee other than an approved Sponsor. Non-supervised Loan Correspondents may not hold, purchase or service insured mortgages. A Supervised Loan Correspondent may originate FHA mortgages, hold and service insured mortgages in its own portfolio or sell insured mortgages to an approved sponsor.


        A mortgagee approved to participate in the Direct Endorsement Program which has formally established a relationship with one or more Loan Correspondents and notified HUD of the relationship. Sponsors perform the loan underwriting function on behalf of the Loan Correspondent and may close and submit the mortgage for insurance endorsement. Sponsors are required to supervise and perform quality control reviews of their Loan Correspondent(s).


        A HUD/FHA approved mortgagee designated by another approved mortgagee (Principal) to process, underwrite or submit insurance endorsement requests in the name of and on behalf of the Principal under a Principal-Agent relationship. An approved Supervised Mortgagee, Nonsupervised Mortgagee, or Governmental Institution may designate another approved mortgagee as its Authorized Agent. At least one the parties must be approved to participate in the Direct Endorsement program. All loans originated pursuant to this relationship must be closed in the name of the Principal. Loan Correspondents and Investing Mortgagees may not utilize or be Authorized Agents.


        Status of Lender as of last refresh date.

Possible entries are:
  • A -- Active
  • T -- Terminated
  • M -- Merged (i.e. acquired by another FHA-approved lender)


        The major groupings, or category names, for loan characterstics displayed in analysis results.

  • Liv Units -- Number of Living Units Within Property
  • Mortgage Amount -- Original Mortgage Amounts for all units (1, 2, 3 and 4). For all quarterly data prior to June 30, 2008, the mortgage amount category includes only 1-Unit properties. Quarterly data prior to June 30, 2008 will also include an item titled "Over 201,000 prior data." This reflects the old ceiling amount category that was used prior to the expansion of mortgage amount codes on May 16, 2008.
  • Program -- HUD Program Classification
  • Program Roll-Up -- HUD Program Roll-Up
  • Loan Purp -- Purpose of Mortgage
  • Fund Code -- Premiums and other income are placed
  • Underserved Tracts -- Underserved census tracts are those identified by OMB as meeting the definition found at 24 CFR 81.2. Underserved census tracts are:
    1) tracts in metropolitan areas
    a) having a median income of no more than 90% of the MSA as a whole or
    b) having a median income of no more than 120% and minorities comprise at least 30% of the tract's population;
    2) all tracts in any nonmetropolitan county which
    a) have a median income of no more than 95% of the nonmetropolitan part of the State or the Nation, whichever is greater, or
    b) have a median income of no more than 120% and minorities comprise at least 30% of the country's population.
  • Undesignated Tracts -- Undesignated census tracts which are in areas that local census tract authorities have not determined as served or underserved.


        The specific loan characteristic pertaining to each major grouping, or category. While most items listed in the output table are self-explanatory, those listed for the category Program or Program Roll-Up are often abbreviated.

Listed below are the most common abbreviations used:
  • 3DP -- 3% Down Payment
  • ARM -- Adjustable Rate Mortgage
  • COI -- Coinsured
  • DE -- Direct Endorsement
  • EC -- Escrow Commitment
  • FRM -- Fixed Rate Mortgage
  • GEM -- Growing Equity Mortgage
  • GI -- General Insurance Fund
  • GPM -- Graduated Payment Mortgage
  • HECM -- Home Equity Conversion Mortgage
  • HHL -- Hawaiian Homelands
  • IBD -- Interest Buy-Down
  • IL -- Indian Lands
  • MIA -- Military Impact Area
  • MMI -- Mutual Mortgage Insurance Fund
  • O -- Other (e.g. OGI)
  • OGI -- Other General Insurance
  • SRI -- Special Risk Insurance Fund


        Includes insured single family loans for a two year period by beginning amortization date and all quarter end dates available. Quarter end dates are March, June, September, and December.


        The percentage of originations which are seriously delinquent or were claim terminated divided by the percent of originations which are seriously delinquent or were claim terminated for the selected geographic area. Compare ratio is the value that reveals the largest discrepancies between the subject's seriously delinquent and claim percentage and the seriously delinquent and claim percentage to which it is being compared.


        Percentage of Originations which had delinquencies (i.e. became 90 days delinquent) during the applicable delinquent period.

Delinquent Periods are:
  • Seriously Delinquent within the first year -- Percentage of Originations which had delinquencies reported by the servicing lender during the first year of origination. These delinquencies may have been subsequently cured.


        Percentage of Originations which are seriously delinquent or were claim terminated.


        Total number of originations during the timeframe specified at the top of each report. Example: Format appears as: Loans with beginning amortization date between [month year] and [month year]. Beginning of amortization is one month prior to the first payment due date. All loans are included even if they have terminated or gone to claim.


        Dollar amount based on original mortgage amount of total number of originations during the timeframe specified at the top of each report. Example: Format appears as: Loans with beginning amortization date between [month year] and [month year]. Beginning of amortization is one month prior to the first payment due date. All loans are included even if they have terminated or gone to claim. (K) = Cumulative Mortgage Amounts displayed in thousand(s) - e.g. $21,000,000 displayed as $21,000.


        Total number of originations that had delinquencies during the applicable delinquent period. Delinquent periods are:
  • Seriously Delinquent within the first year -- Percentage of Originations which had first delinquencies reported by the servicing lender during the first year of origination. These delinquencies may have been subsequently cured.



        Seriously Delinquent loans were reported as 90 days or more delinquent by the servicing lender as of the last reporting cycle updated in Neighborhood Watch.


        Dollar amount based on original mortgage amount of seriously delinquent loans that were reported as 90 days or more delinquent by the servicing lender as of the last reporting cycle updated in Neighborhood Watch. (K) = Cumulative Mortgage Amounts displayed in thousand(s) - e.g. $21,000,000 displayed as $21,000.


        The sum of the seriously delinquent loans and claims.


        Percentage of Seriously Delinquent loans within the delinquent period that ended as claims. Example: % Seriously Delinquent by 1 Year to Claim is the percentage of those loans that became delinquent within the first year that ended as claims.


        Number of Seriously Delinquent loans within the delinquent period that ended as claims. Example: Seriously Delinquent by 1 Year to Claim is the number of originations that became delinquent within the first year that ended as claims.


        HUD/FHA loans that were claim terminated. (HUD has paid the Part A claim request).


        Dollar amount based on original mortgage amount of HUD/FHA loans that were claim terminated as of the last reporting cycle updated in Neighborhood Watch. (K) = Cumulative Mortgage Amounts displayed in thousand(s) - e.g. $21,000,000 displayed as $21,000.


        The sum of the seriously delinquent loans and claims amounts. (K) = Cumulative Mortgage Amounts displayed in thousand(s) - e.g. $21,000,000 displayed as $21,000.


        The Department's regulations at 24 CFR 202.3 provides authority to place mortgagees with excessive delinquent and claim rates on Credit Watch status, in cases of more severe performance deficiencies, terminate mortgagee's loan origination approval authority.

A credit watch termination status "P" indicates that a lender is proposed to be terminated, a "T" indicates that a lender's origination approval/underwriting authority is terminated, a "W" or a "Z" means that a lender is no longer on a proposed termination status, and a "R" means that a lender's origination approval/underwriting authority is reinstated. Lenders and the public can view only termination data, and HUD staff can view all. Those lenders whose origination approval agreement was terminated "T", and subsequently reinstated "R", can be viewed by HUD staff, Lenders and the public at http://www.hud.gov/hudportal/documents/huddoc?id=Term_Web.pdf.

Refer to Mortgagee Letter 99-15 for clarification of the Credit Watch Termination initiative. Effective November 1, 2001, the Department will no longer place lenders on Credit Watch status. Refer to Mortgagee Letter 01-23. Refer to Mortgagee Letter 10-03 dated January 21, 2010 for clarification of Credit Watch Termination for Direct Endorsement.

        The lender's % seriously delinquent loans and claims divided by the % mix-adjusted seriously delinquent loans and claims.


        The lender's % of loans within each credit band multiplied by the benchmark FHA default rates of each respective credit band.


        The Area % Seriously Delinquent and Claims divided by the FHA Portfolio Benchmark SDQ Rate.


        A Benchmark default and claim rate established by FHA which factors in three credit bands with respective default and claim rates. This rate is subject to periodic revision by FHA.


        A Benchmark default and claim rate established by FHA which factors in three credit bands with respective default and claim rates. This rate is subject to periodic revision by FHA.