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.
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.