[Federal Register Volume 77, Number 170 (Friday, August 31, 2012)]
[Notices]
[Pages 53209-53210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-21603]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5607-N-28]


Notice of Proposed Information Collection: Comment Request; Home 
Equity Conversion Mortgage (HECM) Insurance Application for the 
Origination of Reverse Mortgages and Related Documents

AGENCY: Office of the Assistant Secretary for Housing, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

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 30, 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, Director, Office of Single 
Family Program Development, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
708-4308 (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: Home Equity Conversion Mortgage (HECM) Insurance 
Application for the Origination of Reverse Mortgages (and Related 
Documents) and the Home Equity Reverse Mortgage Information Technology 
System (HERMIT).
    OMB Control Number, if applicable: 2502-0524.
    Description of the need for the information and proposed use: The 
Residential Loan Application for Reverse Mortgages and related 
documents are used to determine borrower eligibility, property 
analysis, underwriting analysis, and collection of mortgage insurance 
premiums for loans that meet statutory, regulatory, state and FHA 
requirements. HUD's Home Equity Reverse Mortgage Information Technology 
(HERMIT) System is HUD's system of record for the HECM program and it 
interfaces with other HUD systems.
    Agency form numbers, if applicable: HUD-92900-A, Fannie Mae 1009, 
HUD-92901, HUD-1, HUD-1 Addendum, HUD-92051, HUD-92561, HUD 92800.5B, 
Fannie Mae 1004, Fannie Mae 1004C, Fannie Mae 1025, Fannie Mae 1073,
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of

[[Page 53210]]

respondents, frequency of response, and hours of response: The number 
of burden hours is 284,728. The number of respondents is 6,010, the 
number of responses is 997,050, the frequency of response is on 
occasion, and the burden hour per response is 3.753.
    Status of the proposed information collection: This is a revision 
of a currently approved collection.

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

    Dated: August 27, 2012.
Laura M. Marin,
Acting General Deputy Assistant Secretary for Housing-Acting General 
Deputy Federal Housing Commissioner.
[FR Doc. 2012-21603 Filed 8-30-12; 8:45 am]
BILLING CODE 4210-67-P