Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM)
Reinstatement without change of a previously approved collection
No
Regular
09/03/2026
table that charts list comparision
Requested
Previously Approved
36 Months From Approved
9,588,425
0
1,503,629
0
0
0
This information collection request for OMB review seeks to combine the requirements of several existing OMB collections under this comprehensive collection for mortgagees that service Home Equity Conversion Mortgages (HECM) and for mortgagors who are HECM program participants.
Reinstatement with change, and the collection faced extenuating circumstances which resulted in the collectionâs expiration before timely renewal. However, the 30-day Notice is being processed to reinstate the expired collection. Due to conditions in the mortgage banking industry, the HECM loan portfolio activity has been updated with new figures to represent the current activity. As a result of this activity a decrease in estimated annual burden hours and number of responses occurred. There are no substantive changes made to the forms.
$3,915,050
No
No
No
No
No
No
No
Venida Brown 202 708-0614 ext. 2456
Reginfo record details
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.