[Federal Register Volume 77, Number 115 (Thursday, June 14, 2012)]
[Notices]
[Pages 35707-35708]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-14510]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5603-N-41]


Notice of Submission of Proposed Information Collection to OMB; 
FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP 
Processing, Escrow Administration, Customer Service, Servicing Fees and 
235 Loans

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 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. This 
information collection request for OMB review is an extension of a 
currently approved collection.

DATES: Comments Due Date: July 16, 2012.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0583) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. Email: [email protected] fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Colette Pollard., Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street SW., Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone (202) 402-3400. This is not a 
toll-free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

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 for 
Performing Loans; MIP Processing, Escrow Administration, Customer 
Service, Servicing Fees and 235 Loans
    OMB Approval Number: 2502-0583.
    Form Numbers: HUD-300, HUD-93100, HUD-93114, HUD-93101a, HUD-93102, 
HUD-93101.

Description of the Need for the Information and Its Proposed

    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. This information co

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                                                                      Number of          Annual              Hours per
                                                                     respondents       responses      x       response      =         Burden hours
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Reporting Burden.................................................          11,940          6258.53   ...          0.0353   ...                2,644,446
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[[Page 35708]]

    Total Estimated Burden Hours: 2,644,446.
    Status: Revision of a currently approved collection.

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

    Dated: June 7, 2012.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2012-14510 Filed 6-13-12; 8:45 am]
BILLING CODE 4210-67-P