FHA-Insured Mortgage Loan Servicing of Delinquent, Default and Foreclosure with Service Members Act

ICR 202011-2502-006

OMB: 2502-0584

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-03-19
Supplementary Document
2021-03-01
Supporting Statement A
2021-03-01
ICR Details
2502-0584 202011-2502-006
Received in OIRA 201706-2502-012
HUD/OH
FHA-Insured Mortgage Loan Servicing of Delinquent, Default and Foreclosure with Service Members Act
Revision of a currently approved collection   No
Regular 03/24/2021
  Requested Previously Approved
36 Months From Approved 03/31/2021
37,756,732 38,291,776
4,456,637 4,448,210
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 new information request for OMB review seeks to combine a couple of existing OMB collections under one comprehensive collection for mortgagees that service FHA-insured mortgage loans and the mortgagors who are the home owners.

US Code: 12 USC 1703 Name of Law: The National Housing Act
  
None

Not associated with rulemaking

  85 FR 220 11/13/2020
86 FR 14596 03/19/2021
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 37,756,732 38,291,776 0 0 -535,044 0
Annual Time Burden (Hours) 4,456,637 4,448,210 0 0 8,427 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This comprehensive PRA involves all mortgage loan servicing activity of delinquent, defaulted, and foreclosed mortgage loans. Due to conditions in the mortgage industry, foreclosures have decrease. With this decrease, the information collection results in a slight decrease in the estimated number of responses, and a slight increase in annual burden hours. The estimated number of respondents increased because of a calculation error with the last reporting.

$28,961,734
No
    No
    No
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.
03/24/2021


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