FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
2502-0595 Laws & Regs.zipx	Supplementary Document	Uploaded 2013-09-26	Available
Supporting_Statement_A2.docx	Supporting Statement A	Uploaded 2014-01-02	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
193765	Payments Prepayments Terminations Assumptions Transfers	Other-Screenshot	Modified

ICR Details

OMB Control No: 2502-0595	ICR Reference No: 201308-2502-002
Status: Historical Active	Previous ICR Reference No: 201007-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers
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: 01/02/2014
	Date Received in OIRA: 11/05/2013
Terms of Clearance: HUD shall continue to accurately account for burden, describe all burden changes, and upload screenshots of electronic forms.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2017	36 Months From Approved	12/31/2013
Responses	51,681,867	0	43,844
Time Burden (Hours)	981,067	0	833,250
Cost Burden (Dollars)	0	0	0

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Abstract: Information is collected from respondents who are companies (mortgagees) servicing FHA-Insured mortgage loans. This collection concerns detailed loan information regarding homeowners (mortgagors) and their FHA-Insured mortgage loan. The data and information is essential for managing HUD's programs and FHA's Mutual Mortgage Insurance Fund.

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Authorizing Statute(s): US Code: 12 USC 1703 Name of Law: Natioinal 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:
	78 FR 36230	06/17/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 64147	10/25/2013
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
Payments Prepayments Terminations Assumptions Transfers	HUD Form 92210.1, HUD-92210, HUD-92900-a, HUD-93114	Approval of Purchaser and Release of Seller ,   HUD/VA Addendum to Uniform Residential Loan Application ,   Assistance Payment Contract ,   Request for Credit Approval

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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	51,681,867	43,844	0	0	51,638,023	0
Annual Time Burden (Hours)	981,067	833,250	0	0	147,817	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 annual numbers of delinquent, defaulted and foreclosed mortgage loans in the industry have increased significantly since the last PRA information collection report submitted under OMB Number 2502-0595. These increases are generally related to the state of the economy, and the state of the housing market, in particular the portfolio of delinquent, defaulted and foreclosed FHA-insured mortgages in the interim from 2010-2013. During that time, approximately the same number of servicers provides the information collected annually by the forms in this package, but for a much larger number of mortgages. The result is an increase in the total annual burden hours and an increase in the total annual costs to respondents.

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Annual Cost to Federal Government: $9,676,736

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 11/05/2013

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