[Federal Register Volume 68, Number 94 (Thursday, May 15, 2003)]
[Notices]
[Pages 26328-26329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-12124]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-24]


Notice of Proposed Information Collection: Comment Request; 
Application for Approval--FHA Lender and/or Ginnie Mae Mortgage-Backed 
Securities Issuer Branch Office Notification--Title I/Title II

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: July 14, 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: Phillip A. Murray, Director, Office of 
Lender Activities, Assistant Secretary for Housing, Department of 
Housing and Urban Development, 451 7th Street SW., Washington, DC 
20410, telephone (202) 708-1515 (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).
    The 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.
    The Notice also lists the following information:
    Title of Proposal: Application for Approval--FHA Lender and/or 
Ginnie Mae Mortgage-Backed Securities Issuer Branch Office 
Notification--Title I/Title II.
    OMB Control Number, if applicable: 2502-0005.
    Description of the need for the information and proposed use: The 
Federal Housing Administration (FHA) and the Government National 
Mortgage Association (Ginnie Mae) of the Department of Housing and 
Urban Development approve entities to participate as Title I lenders, 
Title II mortgagees, and the Ginnie Mae mortgage-backed securities 
issuers. Specific information must be obtained and reviewed to 
determine if an entity meets the criteria to obtain the requested 
approval. In addition, this submission covers subsequent information 
required by FHA in order for entities to maintain their approval, 
update information previously submitted on the entity, report any non-
compliances, and voluntarily terminate their FHA approval.
    Agency form numbers, if applicable: HUD-11701 and HUD-92001-B.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

[[Page 26329]]



                                       Information Collection Burden Hour
----------------------------------------------------------------------------------------------------------------
                                                     Number of
        Item No.          Information collection     expected      Total annual      Hours per     Total annual
                                                    respondents      responses       response          hours
----------------------------------------------------------------------------------------------------------------
1......................  HUD-11701--Application            2,000           2,000            2.00           4,000
                          for FHA Approval, by
                          paper (including
                          attachments).
1......................  HUD-11701 Application                50              50            1.25              63
                          for Ginnie Mae
                          Approval, by paper
                          (including
                          attachments).
2......................  HUD-92100-B Application           1,000           1,500             .50             750
                          for New Branch by loan
                          correspondents, by
                          paper (including
                          attachments).
3......................  Electronic Registration           1,500           2,500             .10             250
                          of New Branch by
                          Mortgages via FHA
                          Connection.
4......................  Electronic Termination            1,000           3,000             .05             150
                          of Existing Branch by
                          all lenders via FHA
                          Connection.
5......................  Cover Sheet for                     200             200             .05              10
                          Application Fee or
                          Conversion of
                          Mortgagee Type for
                          Title I Approval (by
                          paper).
5......................  Cover Sheet for                   1,800           1,800             .05              90
                          Application Fee or
                          Conversion of
                          Mortgagee Type for
                          Title II Approval (by
                          paper).
5......................  Application Fee for               2,500           4,000             .05             200
                          Branch registration
                          electronically or
                          request for approval
                          in paper using HUD
                          92001-B.
6......................  Annual Verification              11,500          11,500             .10           1,150
                          Report by all approved
                          lenders (by paper).
7......................  Non-Address Business                600             600             .50             300
                          Change Notification
                          (by paper).
8......................  Address Updates via FHA           1,500           3,000             .25             750
                          Connection.
9......................  Personnel Change                  1,000           1,000             .50             500
                          Notification of new
                          owners, officers,
                          directors or partners
                          (by paper).
10.....................  Non-Compliance                      300             600            1.00             600
                          Notification pursuant
                          to Lender Quality
                          Control Plans (by
                          paper).
11.....................  Voluntary Termination               500             500             .25             125
                          by a Lender (by
                          letter).
                        --------------------------
    Total..............  .......................          25,450          32,250  ..............           8,938
----------------------------------------------------------------------------------------------------------------

    Status of the proposed information collection: Revision of a 
currently approved collection.

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

    Dated: May 8, 2003.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 03-12124 Filed 5-14-03; 8:45 am]
BILLING CODE 4210-27-M