60 day FR

60 day FR.pdf

Quality Control Requirements for Direct Endorsement Lenders

60 day FR

OMB: 2502-0600

Document [pdf]
Download: pdf | pdf
10820

Federal Register / Vol. 79, No. 38 / Wednesday, February 26, 2014 / Notices

Information collection

Number of
respondents

Capacity—Partner Organization Chart .......
Capacity—Local government ....................
Capacity—Partnership
commitments documentation ..................
Total ......................

Frequency of
response

Hourly cost
per response

Annual cost

1

3

900

40

36,000

300

1

1

3

900

40

36,000

300

1

1

10

3000

40

120,000

300

1

1

60

18000

40

720,000

Dated: February 19, 2014.
Merrie Nichols-Dixon,
Deputy Director, Office of Policy, Programs
and Legislative Initiatives.
[FR Doc. 2014–04200 Filed 2–25–14; 8:45 am]
BILLING CODE 4210–67–P

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5756–N–05]

60-Day Notice of Proposed Information
Collection: Quality Control
Requirements for Direct Endorsement
Lenders
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
tkelley on DSK3SPTVN1PROD with NOTICES

Annual burden
hours

1

Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C., Chapter 35.

HUD is seeking approval from
the Office of Management and Budget
(OMB) for the information collection
described below. In accordance with the

SUMMARY:

17:24 Feb 25, 2014

Burden hour
per response

300

B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond; including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.

VerDate Mar<15>2010

Responses
per annum

Jkt 232001

Paperwork Reduction Act, HUD is
requesting comment from all interested
parties on the proposed collection of
information. The purpose of this notice
is to allow for 60 days of public
comment.
DATES:

Comments Due Date: April 28,

2014.
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW., Room 4176, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at [email protected] for a copy of
the proposed forms or other available
information. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339.
FOR FURTHER INFORMATION CONTACT:
Justin D. Burch, Director, Quality
Assurance Division, Office of Lender
Activities and Program Compliance,
Department of Housing and Urban
Development, 451 7th Street SW., Room
B133–P3214, Washington, DC 20410,
telephone 202–708–1515 (this is not a
toll-free number). Persons with hearing
or speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339. Copies of available documents
submitted to OMB may be obtained
from Mr. Burch.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
ADDRESSES:

A. Overview of Information Collection
Title of Information Collection:
Quality Control Requirements for Direct
Endorsement Lenders.
OMB Approval Number: 2502–0600.
Type of Request: Extension of a
currently approved collection.

PO 00000

Frm 00058

Fmt 4703

Sfmt 4703

Form Number: N/A.
Description of the need for the
information and proposed use: Under
24 CFR 202.8(3), Direct Endorsement
(DE) lenders which sponsor third-party
originators (TPOs) are responsible to the
Secretary for the actions of TPOs or
mortgagees in originating loans or
mortgages, unless applicable law or
regulation requires specific knowledge
on the part of the party to be held
responsible. As a result, DE lenders are
responsible for conducting quality
control on TPO originations of FHAinsured mortgage loans, and ensuring
that their quality control plans contain
appropriate oversight provisions. This
creates an information collection burden
on DE lenders, since these institutions
must conduct quality control on all
loans they originate and underwrite. In
addition, under 24 CFR 203.255(c) and
(e), HUD conducts both pre- and postendorsement reviews of loans submitted
for FHA insurance by DE lenders. As
part of those reviews, the Secretary is
authorized to determine if there is any
information indicating that any
certification or required document is
false, misleading, or constitutes fraud or
misrepresentation on the part of any
party, or that the mortgage fails to meet
a statutory or regulatory requirement. In
order to assist the Secretary with this
directive, FHA requires that lenders
self-report all findings of fraud and
material misrepresentation, as well any
material findings concerning the
origination, underwriting, or servicing
of the loan that the lender is unable to
mitigate or otherwise resolve. The
obligation to self-report these findings
creates an additional information
collection burden on DE lenders.
In accordance with the requirements
of 5 CFR 1320.8(d), a Notice soliciting
comments on this collection of
information was initially published in
the Federal Register on December 21,
2010 (Volume 75, Number 244, page
80066). At that time, FHA still allowed
for loan correspondents to participate in
its programs and had not yet
transitioned to the use of TPOs.
Therefore, FHA estimated information

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Federal Register / Vol. 79, No. 38 / Wednesday, February 26, 2014 / Notices
collection burdens based on the
expected used of TPOs by DE lenders.
Three years later, FHA has revised these
estimates with real data, which has
substantially reduced the information
collection burden associated with OMB
Control Number 2502–0600.
Respondents: Business or other forprofit
Estimated Number of Respondents:
1,831.
Estimated Number of Responses:
135,682.
Frequency of Response: Annually.
Average Hours per Response: .52.
Total Estimated Burdens: 71,017.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond; including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Form/document

Number of
respondents

Dated: February 20, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary
for Housing-Associate Deputy Federal
Housing Commissioner.
[FR Doc. 2014–04198 Filed 2–25–14; 8:45 am]
BILLING CODE 4210–67–P

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5752–N–23]

30-Day Notice of Proposed Information
Collection: Capital Fund Community
and Education Training Facilities
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:

HUD has submitted the
proposed information collection
requirement described below to the
Office of Management and Budget
(OMB) for review, in accordance with
the Paperwork Reduction Act. The
purpose of this notice is to allow for an
additional 30 days of public comment.
DATES: Comments Due Date: March 28,
2014.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
HUD Desk Officer, Office of
Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–5806. Email:
[email protected].
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
Persons with hearing or speech
impairments may access this number
SUMMARY:

Total
responses

Frequency

Hours per
response

19
19
19

1
1
1

19
19
19

.5
0.25
0.25

Totals ................

........................

........................

19

1.00

through TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
This is not a toll-free number. Copies of
available documents submitted to OMB
may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD has
submitted to OMB a request for
approval of the information collection
described in Section A. The Federal
Register notice that solicited public
comment on the information collection
for a period of 60 days was published
on December 18, 2013.
A. Overview of Information Collection
Title of Information Collection:
Capital Fund Community and Education
Training Facilities.
OMB Approval Number: 2577–0268.
Type of Request: Revision of a
currently approved collection.
Form Number: HUD–27061, HUD–
50075.1.
Description of the need for the
information and proposed use: The
Department of Housing and Urban
Development awarded grant funds to 19
Public Housing Authorities (PHAs) in
2010 and 2011 for the development of
facilities to provide early childhood
education, adult education, and/or job
training programs for public housing
residents based on an identified need.
These facilities will offer
comprehensive, integrated supportive
services to help public housing
residents achieve better educational and
economic outcomes resulting in longterm economic self-sufficiency. This
collection of information will enable
HUD to determine if the PHAs are
making efficient use of the funds
awarded.
Respondents (i.e. affected public):
Individuals or households, State, Local,
or Tribal Government.
Estimated Annual Reporting and
Recordkeeping Burden:
Total hours

Cost per hour

Total cost

1

tkelley on DSK3SPTVN1PROD with NOTICES

Two-page summary of development activity .........
2 HUD–27061 ........
3 HUD–50075.1 .....

10821

B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:

VerDate Mar<15>2010

18:48 Feb 25, 2014

Jkt 232001

(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s

PO 00000

Frm 00059

Fmt 4703

Sfmt 4703

9.5
4.75
4.75
19

$40.58
40.58
40.58

$385.50
192.75
192.75

........................

771.00

estimate of the burden of the proposed
collection of information; (3) Ways to
enhance the quality, utility, and clarity
of the information to be collected; and
(4) Ways to minimize the burden of the
collection of information on those who

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