[Federal Register Volume 75, Number 236 (Thursday, December 9, 2010)]
[Notices]
[Page 76749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-30982]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5380-N-45]


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

AGENCY: Office of the Chief Information Officer, HUD.

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 23, 2010.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within seven (14) days from 
the date of this Notice. Comments should refer to the proposal by name/
or OMB approval number (2502-0579) and should be sent to: Ross A. 
Rutledge, HUD Desk Officer, Office of Management and Budget, New 
Executive Office Building, Washington, DC 20503; e-mail: [email protected]; fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Karin Hill, Director, Office of Single 
Family Program Development, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
708-2121 (this is not a toll free number) for copies of the proposed 
forms and other available information.

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, an information collection package with respect to this 
information is collected on new mortgages offered by FHA approved 
mortgagees to mortgagors who are at risk of losing their homes to 
foreclosure through the HOPE for Homeowners Program, and to those who 
owe more than the value of their homes through the FHA Refinance of 
Borrowers in Negative Equity Positions. The new FHA insured mortgages 
refinance the borrowers existing mortgage at a significant writedown. 
Under the HOPE for Homeowners program the mortgagors share the new 
equity with FHA.
    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: This information is 
collected on new mortgages offered by FHA approved mortgagees to 
mortgagors who are at risk of losing their homes to foreclosure through 
the HOPE for Homeowners Program, and to those who owe more than the 
value of their homes through the FHA Refinance of Borrowers in Negative 
Equity Positions. The new FHA insured mortgages refinance the borrowers 
existing mortgage at a significant writedown. Under the HOPE for 
Homeowners program the mortgagors share the new equity with FHA.
    OMB Control Number: 2502-0579.
    Agency Form Numbers: HUD92900-H4H, HUD92915-H4H, HUD92916-H4H and 
HUD92917-H4H, and HUD-92918.
    Members of Affected Public: Private sector, Small businesses and 
other for profits.
    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 number of burden hours is 
146,096. The number of respondents is 11,000, the number of responses 
is 882,242, the frequency of response is once per loan, and the burden 
hour per response is 4.05.

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

    Dated: December 3, 2010.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2010-30982 Filed 12-8-10; 8:45 am]
BILLING CODE 4210-67-P