[Federal Register Volume 70, Number 44 (Tuesday, March 8, 2005)]
[Notices]
[Pages 11256-11257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-4395]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4971-N-14]


Notice of Submission of Proposed Information Collection to OMB; 
Application for Approval as FHA Title I/II Lender/GNMA Mortgage-Backed 
Securities Issuer

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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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 
is soliciting public comments on the subject proposal.
    HUD is requesting approval to consolidate the two currently 
approved information collections for Application for Approval as FHA 
Title I/II Lender/GNMA Mortgage-Backed Securities Issuer and the Annual 
Financial Statements from Title I/II Nonsupervised Mortgagees/Loan 
Correspondents.

DATES: Comments Due Date: April 7, 2005.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0005) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail [email protected]; or 
Lillian Deitzer at [email protected] or telephone (202) 708-
2374. This is not a toll-free number. Copies of available documents 
submitted to OMB may be obtained from Mr. Eddins or Ms Deitzer and at 
HUD's Web site at http://www5.hud.gov:63001/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION: This notice informs the public that the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the information collection 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 Approval as FHA Title I/II 
Lender/GNMA Mortgage-Backed Securities Issuer.
    OMB Approval Number: 2502-0005.
    Form Numbers: HUD-11701, HUD-11701-A, HUD-11701-B, HUD-11701-C, 
HUD-11701-D, HUD-11701-E, HUD-92001-B, and HUD-56005.
    Description of the Need for the Information and Its Proposed Use: 
This information is required for approval of FHA Title I lenders and 
Title II mortgagees and for issuers of Ginnie Mae mortgage-backed 
securities. Additional information is then required of all FHA approved 
Title I lenders and Title II mortgagees to: (1) Maintain their approval 
(annual Recertification); (2) add/delete branches; (3) pay additional 
fees to FHA for annual Recertification, new branches, and business 
conversions; (4) report business changes of lender or mortgagee 
including structure, addresses, and principal owners and officers; (5) 
report non-compliances detected by lender and mortgagee quality control 
plans; and (6) voluntarily terminate FHA approval. HUD is requesting 
approval to consolidate the two currently approved information 
collections for Application for Approval as FHA Title I/II Lender/GNMA 
Mortgage-Backed Securities Issuer and the Annual Financial Statements 
from Title I/II Nonsupervised Mortgagees/Loan Correspondents.
    Frequency of Submission: On occasion.

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                                       Number of          Annual              Hours per
                                      respondents       responses      x       response      =     Burden hours
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Reporting Burden..................          13,500           41,150   ...             0.7   ...          28,298
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[[Page 11257]]

    Total Estimated Burden Hours: 28,298.
    Status: Revision of a currently approved collection.

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

    Dated: March 2, 2005.
Wayne Eddins,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. 05-4395 Filed 3-7-05; 8:45 am]
BILLING CODE 4210-72-P