[Federal Register Volume 68, Number 76 (Monday, April 21, 2003)]
[Notices]
[Page 19564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-9802]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-17]


Notice of Proposed Information Collection: Comment Request; 
Lender Qualifications for Multifamily Accelerated Processing (MAP)

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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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.

DATES: Comments Due Date: June 20, 2003.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW., L'Enfant Plaza Building, Room 8003, Washington, DC 20410 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Michael L. McCullough, Director, 
Office of Multifamily Development, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
708-1142 (this is not a toll free number) for copies of the proposed 
forms and other available information.

SUPPLEMENTARY 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: Lender Qualifications for Multifamily 
Accelerated Processing (MAP) and Changes to the MAP Program.
    OMB Control Number, if applicable: 2502-0541.
    Description of the need for the information and proposed use: 
Multifamily Accelerated Processing (MAP) is a procedure that permits 
approved lenders to prepare, process, and submit loan applications for 
Federal Housing Administration (FHA) multifamily mortgage insurance. In 
May 2000, MAP replaced existing ``fast-track`` procedures with a single 
national process for all multifamily offices of the U.S. Department of 
Housing and Urban Development (HUD). Changes are being implemented to 
improve monitoring and maintaining the integrity of the MAP procedures 
in part as a result of a General Accounting Office (GAO) audit of MAP's 
implementation. MAP underwriters and construction loan administrators 
will be tracked as they move from lender to lender. This will be 
accomplished through a registry of approved MAP underwriters and 
construction loan administrators. HUD Headquarters, Lender 
Qualifications and Monitoring Division (LQMD) will make the initial 
approval of the MAP Lender's underwriters and construction loan 
administrators. This will insure a uniform review standard as opposed 
to the individual field offices doing the initial approval. MAP Lenders 
will be required to notify HUD Headquarters (LQMD) immediately when 
there is any change in the MAP underwriting staff, construction loan 
administrators, and persons authorized to bind the lender on MAP loan 
applications. MAP Lenders will be required to annually provide a 
certification listing the names of the lender's approved MAP 
underwriters, construction loan administrators and persons authorized 
to bind the lender on MAP loan applications. All MAP Lenders must 
submit either a pre-application package or Firm Commitment application 
within 6 months of the latter of the date of the Mortgagee Letter 
(Changes to the MAP Program) or the date of their approval as a MAP 
Lender and every 18 months thereafter. Failure to do so will be a basis 
for removal as an approved MAP Lender. Lenders losing their MAP 
designation will still be able to use traditional application 
processing. This requirement is being imposed to keep lenders active 
and prevent a loss of MAP underwriting skills. MAP Lenders will be 
required to provide HUD Headquarters (LQMD) with either an electronic 
mailbox or an individual's e-mail address. Maintaining multiple e-mail 
addresses for an individual lender has become an unmanageable task. HUD 
will use the electronic address to continue to notify MAP Lenders of 
program changes and other items of interest.
    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 respondents is 25 for 
new MAP Lender approval applications and 130 for the Mortgagee Letter 
information request, the frequency of response is 1, the hours per 
response is 10 hours for the MAP Lender application, 1 hour for the 
Mortgagee Letter information request, and the total estimated annual 
burden hours is 380.
    Status of the proposed information collection: Revision of a 
currently approved collection.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., 
Chapter 35, as amended.

    Dated: April 11, 2003.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 03-9802 Filed 4-18-03; 8:45 am]
BILLING CODE 4210-27--M