[Federal Register Volume 73, Number 99 (Wednesday, May 21, 2008)]
[Notices]
[Page 29530]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-11413]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5191-N-04]


Notice of Proposed Information Collection: Comment Request; FHA-
Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs

AGENCY: Office of the Assistant Secretary for Housing, 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 21, 2008.

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, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
[email protected] or telephone (202) 402-8048.

FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-1672 x2419 (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: FHA-Insured Mortgage Loan Servicing Involving 
the Loss Mitigation Programs.
    OMB Control Number, if applicable: 2502-NEW.
    Description of the need for the information and proposed use: FHA 
insurance is an important source of mortgage credit for low and 
moderate-income borrowers and neighborhoods. Providing assistance, as 
needed, to enable families to cure their delinquencies and retain their 
homes stabilizes neighborhoods that might otherwise suffer from 
deterioration and problems associated with vacant and abandoned 
properties. Avoidance of foreclosure and the resultant costs also serve 
to further stabilize the mortgage insurance premiums charged by FHA and 
the Federal budget receipts generated from those premiums.
    The information collection request for OMB review seeks to combine 
the requirements of several existing OMB collections under one 
collection; they are as follows OMB collections 2502-0301, 0464 and 
0523.
    Agency form numbers, if applicable: HUD-1 Settlement Statement, 
HUD-27011 Single Family Application for Insurance Benefits, HUD-90035 
Information/Disclosure, HUD-90041 Request for Variance, Pre-foreclosure 
sale procedure, HUD-90045 Approval to Participate, HUD-90051 Sale 
Contract Review, HUD-90052 Closing Worksheet, HUD-92068 F Request for 
Financial Information, HUD-PA-426 How to Avoid Foreclosure.
    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 number of burden hours is 777,494, 
the number of respondents is 83,110, the number of responses is 
508,883, the frequency of response is on occasion, and the burden hour 
per response is from 15 minutes to 4 hours depending upon the activity.
    Status of the proposed information collection: This is a new 
collection.

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

    Date: May 16, 2008.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
 [FR Doc. E8-11413 Filed 5-20-08; 8:45 am]
BILLING CODE 4210-67-P