[Federal Register Volume 72, Number 125 (Friday, June 29, 2007)]
[Notices]
[Page 35715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-12580]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5121-N-20]


Notice of Proposed Information Collection: Comment Request; 
Mortgage Record Change

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: August 28, 2007.

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: Lillian Deitzer, 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: Silas C. Vaughn, Jr., Single Family 
Insurance Operations Division, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
402-3545 (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: Mortgage Record Change.
    OMB Control Number, if applicable: 2502-0422.
    Description of the need for the information and proposed use: The 
Mortgage Record Change information is used by FHA-approved mortgagees 
to comply with HUD requirements for reporting the sale of a mortgage 
between investors, the transfer of the mortgage servicing 
responsibility, and a change in mortgagors, as appropriate. The 
information required is used to update HUD's Insurance System and other 
related systems. Current data is necessary to establish mortgage 
premium liability, forward annual premium mortgage data to the 
appropriate mortgagee/servicer, and maintain premium receivables and 
program data regarding investors/servicer activity. Without the 
required data, the premium collection/monitoring function would be 
severely impeded and program data would be unreliable. This information 
is essential because HUD does case level accounting in recording 
premium payments by mortgagees.
    Agency form numbers, if applicable: HUD-92080 is used for 
multifamily loans only. Information for single family loans is 
collected 100% electronically.
    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 public reporting burden for this 
collection of information is estimated to be 160,025 hours annually. An 
estimated 2,600 respondents file 1,600,025 responses annually, and the 
time needed to provide the information is 6 minutes on average.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: June 22, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
[FR Doc. E7-12580 Filed 6-28-07; 8:45 am]
BILLING CODE 4210-67-P