Local Appeals to Single-Family Mortgage Limits

ICR 200612-2502-007

OMB: 2502-0302

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2006-12-18
IC Document Collections
IC ID
Document
Title
Status
27106
Modified
ICR Details
2502-0302 200612-2502-007
Historical Active 200511-2502-003
HUD/OH
Local Appeals to Single-Family Mortgage Limits
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/16/2007
Retrieve Notice of Action (NOA) 12/18/2006
The request is approved with the understanding that there is no change in policy with regards to the collection of new construction sales data. New construction data is already included in the median sales price data provided to HUD when a request for an increase in mortgage limits is made. When an interested party submits median sales price data to the HOC to request mortgage limits be increased in a particular county, an analyst in the HOC looks at the data and separates out the new construction data and determines the median sales price. Secondly, the analyst determines the median sales price for everything else and comes up with an average of the two medians that will be the base for our calculations FHA Mortgage Limits. There is no impact on petitioning parties because the new construction data is already part of the closed sales data that we would normally get.
  Inventory as of this Action Requested Previously Approved
12/31/2008 12/31/2008 12/31/2008
140 0 140
5,600 0 5,600
0 0 0

Housing industry groups may appeal for increases in FHA's maximum mortgage limits for specific counties or metropolitan statistical areas (MSA's).

US Code: 12 USC 1709 Name of Law: National Housing
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Local Appeals to Single-Family Mortgage Limits

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 140 140 0 0 0 0
Annual Time Burden (Hours) 5,600 5,600 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Margaret Burns 202 708-2121

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/18/2006


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