[Federal Register Volume 77, Number 148 (Wednesday, August 1, 2012)]
[Notices]
[Page 45649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-18815]



[[Page 45649]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5607-N-23]


Notice of Proposed Information Collection: Comment Request Direct 
Endorsement Underwriter/HUD Reviewer--Analysis of Appraisal Report

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, 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: October 1, 2012.

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: Reports Liaison Officer, 
Department of Housing and Urban Development, 451 7th Street SW., 
Washington, DC 20410, Room 9120 or the number for the Federal 
Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: Karin Hill, 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: 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: Direct Endorsement Underwriter/HUD Reviewer--
Analysis of Appraisal Report.
    OMB Control Number, if applicable: 2502-0477.
    Description of the need for the information and proposed use: The 
Department requires Direct Endorsement Underwriters to maintain 
responsibility for the appraisal and the appraised value. When the DE 
Underwriter disagrees with the value conclusion and cannot reach the 
appraiser or the appraiser refuses to change the appraisal, the 
Department allows the DE Underwriter to make changes and requires the 
underwriter to do so on the HUD 54114. The information collected is 
used by FHA to monitor the quality of the lender's analysis of the 
appraisal report, identify areas of weakness for future training, and 
removing lenders that consistently exhibits careless underwriting and 
subsequently affect the risk to the Department.
    Agency form numbers, if applicable: HUD-54114.
    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 estimated total number of burden 
hours needed to prepare the information collection is 27,916; the 
number of respondents is 127,000 generating approximately 127,000 
annual responses; the frequency of response is on occasion; and the 
estimated time needed to prepare the response is .05 hour per response.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: July 24, 2012.
William A. Glavin,
Acting General Deputy Assistant Secretary for Housing-Acting General 
Deputy Federal Housing Commissioner.
[FR Doc. 2012-18815 Filed 7-31-12; 8:45 am]
BILLING CODE 4210-67-P