FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans

ICR 201704-2502-007

OMB: 2502-0583

Federal Form Document

ICR Details
2502-0583 201704-2502-007
Active 201310-2502-013
HUD/OH
FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans
Revision of a currently approved collection   No
Regular
Approved without change 09/14/2017
Retrieve Notice of Action (NOA) 06/30/2017
  Inventory as of this Action Requested Previously Approved
09/30/2020 36 Months From Approved 09/30/2017
77,491,074 0 74,726,967
3,064,042 0 2,644,446
0 0 0

This information collection involves mortgage loan servicers, "mortgagees" that service Federal Housing Administration "FHA" insured mortgage loans and the home owners, "mortgagors" who are involved with those activities. The information collection request for OMB review seeks to combine the requirements of an existing OMB collection under this collection.

None
None

Not associated with rulemaking

  82 FR 8837 01/31/2017
82 FR 27858 06/19/2017
No

  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 77,491,074 74,726,967 0 2,764,107 0 0
Annual Time Burden (Hours) 3,064,042 2,644,446 0 419,596 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a revision of currently approved collection. Due to conditions in the mortgage banking industry, foreclosures, claims, and the increased popularity of the FHA-insured loan program the loan portfolio has increased. With this increase, the information collection results in an increase in the estimated annual responses and annual burden hours. Because of the activities, such as escrow administration that are standard practices within the mortgage industry on all FHA, Veterans Administration (VA) and conventional loans, HUD ascribes no burden hours. However, because HUD removed the regulations for its Section 235 Program, the number of respondents decreased.

$280,697
No
    Yes
    Yes
No
No
No
Uncollected
Venida Brown 202 708-0614 ext. 2456

  No

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.
06/30/2017


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