This information collection documents
the native status of Hawaiian borrowers to meet statutory
requirements of the single-family mortgage insurance program for
Hawaiian Homelands and to assist borrowers in resolving
defaults.
None
US Code: 12 USC 1709 Name of Law: Insurance
of Mortgages
US Code: 12 USC 1715z-12 Name of Law: Single Family Mortgage
Insurance on Hawaiian Home Lands
The number of respondents has
decreased as lenders have gone out of business in the current
mortgage environment, and the number of HHL loans originated over
the past few years has declined. Notices of default have increased
to 290 from the previous submission of 108 as more homeowners
experience financial difficulties and the portfolio of mortgages
has grown.
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.