[Federal Register Volume 70, Number 142 (Tuesday, July 26, 2005)]
[Notices]
[Pages 43167-43168]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3964]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-21]


Notice of Proposed Information Collection: Comment Request HUD-
FHA Title I/Title II Lender Approval, Annual Recertification, 
Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit 
Watch Termination Reinstatement

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: September 26, 2005.

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 and Program Compliance, 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).
    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: HUD-FHA Title I/Title II Lender Approval, Annual 
Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer 
Approval, and Credit Watch Termination Reinstatement.
    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 Ginnie Mae mortgage-backed securities issuers. 
Specific information must be obtained and

[[Page 43168]]

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, voluntary terminate their FHA approval, and submit 
reinstatement requests from mortgagees whose origination approval 
agreements were terminated per HUD's Credit Watch Termination 
Initiative.
    Agency Form Numbers, if Applicable: HUD-11701, HUD-11701-A, HUD-
11701-B, HUD-11701-C, HUD-11701-D, HUD-11701-E, HUD-92001-B, and HUD-
56005.
    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 estimated total number of hours 
needed to prepare the information collection is 28,410; the number of 
respondents is 13,514 generating approximately 41,164 annual responses; 
the frequency of response is on occasion and annually; and the number 
of hours per response varies from 3 minutes to 8 hours.
    Status of the Proposed Information Collection: Revision of a 
currently approved collection to incorporate reinstatement submissions 
from lenders whose origination approval agreements were terminated per 
HUD's Credit Watch Termination Initiative.

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

    Dated: July 18, 2005.
Brian D. Montgomery,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. E5-3964 Filed 7-25-05; 8:45 am]
BILLING CODE 4210-27-P