Domestic First Lien Residential Mortgage Data

ICR 201904-1557-001

OMB: 1557-0331

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
220369 Unchanged
213212 Removed
ICR Details
1557-0331 201904-1557-001
Active 201601-1557-001
Domestic First Lien Residential Mortgage Data
Revision of a currently approved collection   No
Approved without change 08/07/2019
Retrieve Notice of Action (NOA) 05/28/2019
  Inventory as of this Action Requested Previously Approved
08/31/2022 36 Months From Approved 08/31/2019
244 0 976
29,280 0 344,040
0 0 0

Comprehensive mortgage data is vital to assessing and monitoring credit quality and loss mitigation activities in the residential mortgage market and the federal banking system. This data is important and necessary to support supervisory activities to ensure the safety and soundness of the federal banking system. Section 104(a) of the Helping Families Save Their Homes Act of 2009 (12 U.S.C. 1715z-25(a) (Act), as amended by section 1493(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires the OCC to submit a quarterly report to Congress on mortgage modification activity in the federal banking system. Section 104(b) of the Act (12 U.S.C. 1715z-25(b)) requires the OCC to collect mortgage modification data from national banks and federal savings associations and provides for the collection of all data necessary to fulfill the reporting requirements of section 104(a). Those requirements include information on the number of mortgage modifications in each state that have certain characteristics, such as changes to the principal amount of a loan or changes to a homeowner’s total monthly principal and interest payment. The OCC currently collects aggregate data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios. The required aggregate data are industry standard measures of portfolio performance, including: (1) outstanding loan count and unpaid principal balance; (2) delinquency and liquidation ratios; and (3) the number of loss mitigation actions completed.

US Code: 12 USC 1 et seq. Name of Law: The National Bank Act

Not associated with rulemaking

  84 FR 1823 02/05/2019
84 FR 24596 05/28/2019

IC Title Form No. Form Name
Aggregate Data Collection
Loan Level Data Collection

  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 244 976 0 -732 0 0
Annual Time Burden (Hours) 29,280 344,040 0 -314,760 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
The decrease in burden is due to the discontinuance of the loan level data collection.

James Wilds 202 649-5006 [email protected]


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.

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