The NRMLA has urged HUD to align its cybersecurity reporting requirements with Ginnie Mae's longer timeline of 48 hours instead of the proposed 36 hours.
The draft Mortgagee Letter provides clear guidelines for FHA-approved lenders to report cyber incidents within 36 hours of detection, enhancing cybersecurity compliance.
Aligning HUD's reporting cronology with Ginnie Mae's 48-hour window is seen by NRMLA as a better response to the complex nature of cyber threats.
NRMLA's desire for a longer reporting window stems from feedback highlighting the challenges of immediate reporting during a suspected cyber breach.
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