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

Forms and Documents

Document	Type	Status	Availability
2502-0595 (F).docx	Supporting Statement A	Uploaded 2017-01-31	Available
60 day Federal Register 0595.pdf	Supplementary Document	Uploaded 2017-01-14	Available
2502-0595 Laws & Regs.zipx	Supplementary Document	Uploaded 2013-09-26	Repair queued

IC Document Collections

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: 201701-2502-001
Status: Historical Active	Previous ICR Reference No: 201308-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/11/2017
	Date Received in OIRA: 02/01/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2020	36 Months From Approved	04/30/2017
Responses	97,254,142	0	51,681,867
Time Burden (Hours)	68,019	0	981,067
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:
	81 FR 186	08/26/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 8947	02/01/2017
Did the Agency receive public comments on this ICR? No

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

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 ,   Request for Credit Approval ,   HUD/VA Addendum to Uniform Residential Loan Application ,   Assistance Payment Contract

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ICR Summary 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	97,254,142	51,681,867	0	45,572,275	0	0
Annual Time Burden (Hours)	68,019	981,067	0	-913,048	0	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: Miscellaneous Actions

Short Statement: This is a revision of a currently approved collection. There have been no program changes. FHA has been busy over the past 3 years due to the growth in the number of FHA-insured mortgage loans. FHA-insured mortgage loan products have become the “only game in town” for new homeowners since the private sector has tightened lending requirements on the conventional loan market. The FHA-insured mortgage loan portfolio grew increasing from 5.2 million in 2009 to 7.7 million in 2015. The FHA market share is still increasing as evidenced by our approval of new originators and servicers/Respondents. This is why numbers of respondents and number of responses in the information collection below have increased. And the decreases associated with the burden hours and costs due to Forms HUD-27050-A and HUD-92080 information collections covered under existing OMB control numbers 2502-0414 and 2502-0422. The last PRA information collection report submitted under this OMB Number 2502-0595 included Forms HUD-27050-A and HUD-92080.

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Annual Cost to Federal Government: $234,783

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: 02/01/2017

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