FHA TOTAL Mortgage Scorecard

Forms and Documents

Document Name	Status
ICR2_502-0556.DOC Supporting Statement A	0000-00-00

IC Document Collections

IC ID	Document Title	Status
27350	FHA TOTAL Mortgage Scorecard	Modified

ICR Details

OMB Control No: 2502-0556	ICR Reference No: 200703-2502-005
Status: Historical Active	Previous ICR Reference No: 200312-2502-003
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA TOTAL Mortgage Scorecard
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/29/2007
	Date Received in OIRA: 03/28/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2010	36 Months From Approved	05/31/2007
Responses	452	0	6,052
Time Burden (Hours)	908	0	1,000
Cost Burden (Dollars)	0	0	0

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Abstract: The data collection requirements consist of an electronic lender certification process and requirements to provide reports and loan samples at FHA's request, and appeals in writing for loss of privilege to use the scorecard.

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Authorizing Statute(s): US Code: 12 USC 1709, Sec 203 Name of Law: National Housing Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 248	12/27/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 59	03/28/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FHA TOTAL Mortgage Scorecard

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ICR Summary of Burden

	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	452	6,052	0	0	-5,600	0
Annual Time Burden (Hours)	908	1,000	0	0	-92	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The number of respondents has increased to include all potential respondents. The total number of FHA lenders is approximately 12,000, but only about 3,500 have entered certifications to date, leaving roughly 8,500 potential respondents. The numbers of responses and total burden hours have decreased due to the lower expected number of new certifications.

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Annual Cost to Federal Government: $53,250

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/28/2007

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