Federal Register: December 16, 2008 (Volume 73, Number 242)
DOCID: fr16de08-73 FR Doc E8-29678
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Housing and Urban Development Department
Docket ID: [Docket No. FR-5187-N-71]
ACTION: Agency Information Collection Activities; Proposals, Submissions, and Approvals:
DOCUMENT ACTION: Notice of proposed information collection.
Notice of Submission of Proposed Information Collection to OMB; Emergency Comment Request; Application for HUD/FHA Insured Mortgage ``HOPE for Homeowners''
DATES: Comments Due Date: December 30, 2008.
The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for emergency review and approval, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.
Application for HUD/FHA Insured Mortgage “HOPE for Homeowners”,
This Notice informs the public that the U.S. Department of Housing and Urban Development (HUD) has submitted to OMB, for emergency processing, a proposed information collection requirement as described below. This Notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information 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 through 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: Application for HUD/FHA Insured Mortgage ``HOPE for Homeowners''.
Description of Information Collection: Information is needed to
determine the eligibility of the borrower and proposed mortgage
transaction for FHA's insurance endorsement under the HOPE for
Homeowners Program. Lenders seeking FHA's insurance prepare these forms.
OMB Control Number: 2502Pending.
Agency Form Numbers: Model HOPE for Homeowners Consumer Disclosure and Certification form, Model Understanding Key Provisions of Appreciations sharing, Model Appreciation Sharing Worksheet and Certification, Shared Equity Note and Mortgage, Shared Appreciation Note and Mortgage.
Members of Affected Public: Business or other forprofit.
Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of responses, and hours of response: The estimated total number of burden hours needed to prepare the information collection is 915,040; the number of respondents is 8,000; the frequency of response is 158.
Status: This is a request for a new collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended.
Dated: December 9, 2008.
Departmental Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. E829678 Filed 121508; 8:45 am]
BILLING CODE 421067P
FOR FURTHER INFORMATION CONTACT
Lillian Deitzer, Paperwork Reduction Act Officer, QDAM Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email Lillian_ Deitzer@hud.gov, telephone (202) 4028048. This is not a tollfree number. Copies of documentation submitted to OMB may be obtained from Ms. Deitzer.