Domestic First Lien Residential Mortgage Data

ICR 202205-1557-014

OMB: 1557-0331

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
220369 Modified
ICR Details
1557-0331 202205-1557-014
Received in OIRA 201904-1557-001
Domestic First Lien Residential Mortgage Data
Extension without change of a currently approved collection   No
Regular 06/17/2022
  Requested Previously Approved
36 Months From Approved 08/31/2022
28 244
576 29,280
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

  87 FR 18070 03/29/2022
87 FR 36583 06/17/2022

IC Title Form No. Form Name
Aggregate Data Collection

  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 28 244 0 0 -216 0
Annual Time Burden (Hours) 576 29,280 0 0 -28,704 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Bradley Biedermann 801 844-8463 [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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