[Federal Register Volume 74, Number 194 (Thursday, October 8, 2009)]
[Notices]
[Pages 51871-51872]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-24298]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5281-N-72]


FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation 
Programs

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.
    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 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 charge 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, 2502-
0464 and 2502-0523.

DATES: Comments Due Date: November 9, 2009.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2539-0008) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806.

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

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: FHA-Insured Mortgage Loan Servicing Involving 
the Loss Mitigation Programs.
    OMB Approval Number: 2502-NEW.
    Form Numbers: HUD--1--Settlement Statement, HUD--27011--Single 
Family Application for 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.

Description of the Need for the Information and Its 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 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 charge 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, 2502-
0464 and 2502-0523.
    Frequency of Submission: On occasion, Monthly.

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                                   Number of        Annual                  Hours per
                                  respondents      responses       x        response        =      Burden hours
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Reporting Burden:.............          83,110            6.12  .......           1.527  .......         777,494
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[[Page 51872]]

    Total Estimated Burden Hours: 777,494.
    Status: New Collection.

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

    Dated: October 1, 2009.
Lillian Deitzer,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. E9-24298 Filed 10-7-09; 8:45 am]
BILLING CODE 4210-67-P