30-Day Notice of Proposed Information Collection: Mortgage Credit Analysis for Loan Guarantee Program, 16362 [2014-06561]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 79, Number 57 (Tuesday, March 25, 2014)]
[Notices]
[Page 16362]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-06561]



[[Page 16362]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-29]


30-Day Notice of Proposed Information Collection: Mortgage Credit 
Analysis for Loan Guarantee Program

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: April 24, 2014.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street, SW., Washington, DC 20410; email Colette Pollard at 
Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on January 17, 2014.

A. Overview of Information Collection

    Title of Information Collection: Mortgage Credit Analysis for Loan 
Guarantee Program.
    OMB Approval Number: 2577-0200.
    Type of Request: Revision of a currently approved collection.
    Form Number: HUD-50127, HUD-50132
    Description of the need for the information and proposed use: The 
information collected from lenders is used to determine a borrower's 
credit worthiness and ability to pay for a home loan as well as to 
ensure that lenders comply with the program requirements.
    Respondents (i.e. affected public): 6,750.
    Estimated Number of Respondents: 600.
    Estimated Number of Responses: 6,750.
    Frequency of Response: 1.
    Average Hours per Response: 33 hours.
    Total Estimated Burdens:

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                                                                                                      Burden hour     Annual    Hourly cost
                  Information collection                       Number of     Frequency    Responses       per         burden        per      Annual cost
                                                              respondents   of response   per annum     response      hours       response
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Mortgage Credit Analysis Worksheet........................             250            1         2750          .50         1375          $25      $34,375
Rider For Section 184-Tribal Trust........................              50            1          500          .50          250           18         4500
Firm Commitment Submission Checklist......................             250            1         3000          .15          450           18         8100
Checklist for Proposed Transactions Less Than 1 Year Old..              50            1          500          .15           75           18         1350
                                                           ---------------------------------------------------------------------------------------------
    Total.................................................             600  ...........         6750  ...........         2150  ...........       48,325
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B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility; (2) The accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) Ways to minimize the burden of 
the collection of information on those who are to respond; including 
through the use of appropriate automated collection techniques or other 
forms of information technology, e.g., permitting electronic submission 
of responses. HUD encourages interested parties to submit comment in 
response to these questions.

     Authority:  Section 3507 of the Paperwork Reduction Act of 
1995, 44 U.S.C. Chapters 35.

    Dated: March 20, 2014.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2014-06561 Filed 3-24-14; 8:45 am]
BILLING CODE 4210-67-P