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

ICR 202007-2502-008

OMB: 2502-0583

Federal Form Document

ICR Details
2502-0583 202007-2502-008
Received in OIRA 201704-2502-007
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 09/29/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
73,801,022 77,491,074
1,489,563 3,064,042
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

  85 FR 30980 05/21/2020
85 FR 51747 08/21/2020
No

  Total Request 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 73,801,022 77,491,074 0 0 -3,690,052 0
Annual Time Burden (Hours) 1,489,563 3,064,042 0 0 -1,574,479 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Due to conditions in the mortgage industry, foreclosures, claims, and conveyances have decreased. With this decrease, the information collection results in a decrease in the estimated number of respondents, responses and annual burden hours.

$228,296
No
    Yes
    Yes
No
No
No
No
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.
09/29/2020


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