[Federal Register Volume 73, Number 242 (Tuesday, December 16, 2008)]
[Notices]
[Page 76372]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-29678]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5187-N-71]


Notice of Submission of Proposed Information Collection to OMB; 
Emergency Comment Request; Application for HUD/FHA Insured Mortgage 
``HOPE for Homeowners''

AGENCY: Office Housing, Office of Single Family Program Development.

ACTION: Notice of proposed information collection.

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SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for emergency review and approval, as required by the Paperwork 
Reduction Act. The Department is soliciting public comments on the 
subject proposal.

DATES: Comments Due Date: December 30, 2008.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within fourteen (14) days from 
the date of this Notice. Comments should refer to the proposal by name 
and should be sent to: HUD Desk Officer, Office of Management and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Paperwork Reduction 
Act Officer, QDAM Department of Housing and Urban Development, 451 
Seventh Street, SW., Washington, DC 20410; e-mail [email protected], telephone (202) 402-8048. This is not a toll-free 
number. Copies of documentation submitted to OMB may be obtained from 
Ms. Deitzer.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, a proposed information collection requirement 
as 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 HUD/FHA Insured Mortgage ``HOPE 
for Homeowners''.
    Description of Information Collection: Information is needed to 
determine the eligibility of the borrower and proposed mortgage 
transaction for FHA's insurance endorsement under the HOPE for 
Homeowners Program. Lenders seeking FHA's insurance prepare these 
forms.
    OMB Control Number: 2502-Pending.
    Agency Form Numbers: Model HOPE for Homeowners Consumer Disclosure 
and Certification form, Model Understanding Key Provisions of 
Appreciations sharing, Model Appreciation Sharing Worksheet and 
Certification, Shared Equity Note and Mortgage, Shared Appreciation 
Note and Mortgage.
    Members of Affected Public: Business or other for-profit.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
responses, and hours of response: The estimated total number of burden 
hours needed to prepare the information collection is 915,040; the 
number of respondents is 8,000; the frequency of response is 158.
    Status: This is a request for a new collection.

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

    Dated: December 9, 2008.
Lillian Deitzer,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. E8-29678 Filed 12-15-08; 8:45 am]
BILLING CODE 4210-67-P