[Federal Register Volume 68, Number 151 (Wednesday, August 6, 2003)]
[Notices]
[Pages 46653-46654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-20040]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4815-N-54]


Notice of Submission of Proposed Information Collection to OMB: 
Direct Endorsement Underwriter/HUD Reviewer--Analysis of Appraisal 
Report

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
requesting the reinstatement, without change, of a previously approved 
collection for which approval has expired.
    The information is to be provided by lenders or FHA staff reviewers 
and collected for the review of deficient information contained in the 
appraisal report. The information is used by FHA in monitoring the 
quality of the lender's analysis of the appraisal report, identifying 
areas of weakness for future training, and removing lenders that 
consistently exhibit careless underwriting and subsequently pose a 
financial risk to the Department.
    The Department is soliciting public comments on the subject 
proposal.

DATES: Comments Due Date: September 5, 2003.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval number (2502-0477) and should be sent to: Lauren Wittenberg, 
OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503; Fax number (202) 395-
6974; e-mail: [email protected].

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management

[[Page 46654]]

Officer, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, Southwest, Washington, DC 20410; e-mail: [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of the 
proposed forms and other available documents submitted to OMB may be 
obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. chapter 
35). The Notice lists the following information: (1) The title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the name and telephone 
number of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.
    This Notice also lists the following information:
    Title of Proposal: Direct Endorsement Underwriter/HUD Reviewer--
Analysis of Appraisal Report.
    OMB Approval Number: 2502-0477.
    Form Numbers: HUD-54114.
    Description of the Need for the Information and its Proposed Use: 
The information collected is for the review of appraisal reports 
considered deficient by the underwriter, and to document efforts to 
resolve any discrepancies. The basic respondents are lender 
underwriters.
    Respondents: Business or other for-profit.
    Frequency of Submission: On occasion.

----------------------------------------------------------------------------------------------------------------
                                       Number of          Annual              Hours per
                                      respondents       responses      x       response      =     Burden hours
----------------------------------------------------------------------------------------------------------------
Reporting Burden..................         375,000          375,000                  0.05                18,750
----------------------------------------------------------------------------------------------------------------

    Total Estimated Burden Hours: 18,750.
    Status: Reinstatement, without change, of previously approved 
collection for which approval has expired.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: July 31, 2003.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 03-20040 Filed 8-5-03; 8:45 am]
BILLING CODE 4210-72-P