Authorized under the Emergency
Economic Stabilization Act (EESA) of 2008 (Public Law 110-343), the
Department of the Treasury has implemented several aspects of the
Troubled Asset Relief Program. Among these components is a
voluntary foreclosure prevention program Making Home Affordable
(MHA) program, under which the Department will use TARP capital to
lower the mortgage payments of qualifying borrowers. The Treasury
will do this through agreements with mortgage servicers to modify
loans on their systems. All servicers are eligible to participate
in the program
The Department of
Treasury requests emergency approval for this collection activity.
The collection of information is needed to fulfill Treasurys
responsibilities under the Emergency Economic Stabilization Act
(EESA) of 2008 (Public Law 110-343; approved October 3, 2008.
Treasury cannot reasonably comply with the normal clearance
procedures under 5 C.F.R. Part 1320 because of the current uproar
in the financial markets and the immediate need for this
application.
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.