Application for HUD/FHA Insured Mortgage “Hope for Homeowners”

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form HUD 92917 HFH Application for HUD/FHA Insured Mortgage “Hope for Homeowners”	Form and Instruction	Modified	Available
83i-2502-0579 rev 10.29.09.docx	Supporting Statement A	Uploaded 2009-10-29	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
187611	Application for HUD/FHA Insured Mortgage “Hope for Homeowners”	Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0579	ICR Reference No: 200908-2502-004
Status: Historical Active	Previous ICR Reference No: 200812-2502-007
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Application for HUD/FHA Insured Mortgage “Hope for Homeowners”
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 with change	Conclusion Date: 11/03/2009
	Date Received in OIRA: 08/27/2009
Terms of Clearance: This ICR should be classified as an ICR Revision.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	486,313	0	1,266,160
Time Burden (Hours)	339,549	0	915,040
Cost Burden (Dollars)	0	0	0

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Abstract: This information is collected on new mortgages offered by FHA approved mortgagees to mortgagors who are at risk of losing their homes to foreclosure. The new FHA insured mortgages refinance the borrowers existing mortgage at a significatnt writedown. Under the program the mortgagors share the newly created equity (Exit Premium) with FHA.

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Authorizing Statute(s): PL: Pub.L. 110 - 289 2654 Name of Law: Housing and Economic Recovery Act
   US Code: 12 USC 1701z-22 Name of Law: zfederal Housing Administration (FHA)
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2580-AA00	Final or interim final rulemaking	73 FR 194	10/06/2008

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 64	04/06/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 153	08/11/2009
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Application for HUD/FHA Insured Mortgage “Hope for Homeowners”	HUD 92900, HUD 92917 HFH, HUD 92915	Subordinate Lien Upfront Payment Worksheet ,   Hope for Homeowners Consumer Disclosure and Certification Form ,   FHA Hope for Homeowner attachment to FHA Loan Underwriting and Transmittal Summary

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ICR Summary of Burden

table that charts list 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	486,313	1,266,160	0	-601,160	-178,687	0
Annual Time Burden (Hours)	339,549	915,040	0	-345,800	-229,691	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: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The program revisions resulting from the additional legislation have decreased the responses per annum and annual burden hours by 666,285 and 346,121 respectively. Additionally, the estimated number of responses has decreased. The reduction in the responses per annum and annual burden hours are further reduced by 254,750 and 105,151 respectively. The information collection is required to meet the statutory and regulatory requirements of the HOPE for Homeowners Program established in Title IV of the Housing and Economic Recovery Act of 2008.

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Annual Cost to Federal Government: $1,869,674

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)? No

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: 08/27/2009

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