Federal Register: October 2, 2008 (Volume 73, Number 192)
DOCID: fr02oc08-102 FR Doc E8-23208
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Housing and Urban Development Department
Docket ID: [Docket No. FR-5191-N-30]
NOTICE: NOTICES
DOCID: fr02oc08-102
ACTION: Agency Information Collection Activities; Proposals, Submissions, and Approvals:
DOCUMENT ACTION: Notice.
SUBJECT CATEGORY:
Notice of Proposed Information Collection: Comment Request; FHA- Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans
DATES: Comments Due Date: December 1, 2008.
DOCUMENT SUMMARY:
The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.
SUMMARY:
FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans,
SUPPLEMENTAL INFORMATION
The Department is submitting the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses.
This Notice also lists the following information:
Title of Proposal: FHAInsured Mortgage Loan Servicing for
Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans.
OMB Control Number, if applicable: 2502NEW.
Description of the need for the information and proposed use: FHA
insurance is an important source of mortgage credit for low and
moderateincome borrowers and neighborhoods. Providing assistance, as
needed, to enable families to cure their delinquencies and retain their
homes stabilizes neighborhoods that might otherwise suffer from
deterioration and problems associated with vacant and abandoned
properties. Avoidance of foreclosure and the resultant costs also [[Page 57379]]
serve to further stabilize the mortgage insurance premiums charged by
FHA and the Federal budget receipts generated from those premiums. The
information collection request for OMB review seeks to combine the
requirements of one existing OMB collection under this collection; and is as follows OMB collection 25020235.
Agency form numbers, if applicable: None.
Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The number of burden hours is 1,500,234, the number of respondents is 4,441, the number of responses is 34,497,153, the frequency of response is on occasion, and the burden hour per response is from less than a minute to 40 hours depending upon the activity.
Status of the proposed information collection: This is a new collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: September 24, 2008.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing Deputy Federal Housing Commissioner.
[FR Doc. E823208 Filed 10108; 8:45 am]
BILLING CODE 421067P
FOR FURTHER INFORMATION CONTACT
Vance T. Morris, Director, Office of Single Family Program Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 7081672 x2419 (this is not a toll free number) for copies of the proposed forms and other available information.