Notice of Proposed Information Collection: Comment Request; Mortgage Record Change, 35715 [E7-12580]
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Federal Register / Vol. 72, No. 125 / Friday, June 29, 2007 / Notices
Description of the need for the
information and proposed use: The
documents requested are used to
determine the eligibility of a reverse
mortgage loan application and property
requirements for FHA’s mortgage
insurance. This collection also ocntains
disclosure requirements that will
provide the prospective borrower with
statutory and regulatory information
needed to explain the financial
implications of and alternatives to a
HECM; the costs associated with
obtaining a reverse mortgage; due and
payable conditions and other relevant
information necessary to determine if
this type of mortgage transaction is for
the sole benefit of the borrower. Without
these documents, HUD would have
difficulty in determining the eligibility
of a loan application and property, thus,
jeopardize the insurance fund.
Agency form numbers, if applicable:
FNMA 1009 and 1003, HUD–92900–A,
HUD–92901, HUD–92902, HUD–1,
HUD–92051, HUD–92800.5B, HUD–
92561, FANNIE MAE 1004, FANNIE
MAE 1004C, FANNIE MAE 1073, and
FANNIE MAE 1025.
Estimation of the total numbers of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: This OMB
Information Collection has an estimated
total burden hours of 132,894.40, with
an estimated 2,020 respondents and a
total of 90,020 responses.
Status of the proposed information
collection: Reinstatement of a currently
approved collection OMB Control No.
(2502–0524).
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: June 20, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for
Housing—Deputy Federal Housing
Commissioner.
[FR Doc. 07–3214 Filed 6–28–07; 8:45 am]
BILLING CODE 4210–67–M
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5121–N–20]
mstockstill on PROD1PC66 with NOTICES
Notice of Proposed Information
Collection: Comment Request;
Mortgage Record Change
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: The proposed information
collection requirement described below
VerDate Aug<31>2005
16:20 Jun 28, 2007
Jkt 211001
will be submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act. The Department is
soliciting public comments on the
subject proposal.
DATES: Comments Due Date: August 28,
2007.
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:
Lillian Deitzer, Reports Management
Officer, Department of Housing and
Urban Development, 451 7th Street,
SW., L’Enfant Plaza Building, Room
8003, Washington, DC 20410 or
Lillian_L_Deitzer@hud.gov.
FOR FURTHER INFORMATION CONTACT:
Silas C. Vaughn, Jr., Single Family
Insurance Operations Division,
Department of Housing and Urban
Development, 451 7th Street, SW.,
Washington, DC 20410, telephone (202)
402–3545 (this is not a toll free number)
for copies of the proposed forms and
other available information.
SUPPLEMENTARY INFORMATION: The
Department is submitting the proposed
information collection to OMB for
review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
Chapter 35, as amended).
This Notice is soliciting comments
from members of the public and affected
agencies concerning the proposed
collection of information to: (1) Evaluate
whether the proposed collection is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (2) Evaluate the
accuracy of the agency’s estimate of the
burden of the proposed collection of
information; (3) Enhance the quality,
utility, and clarity of the information to
be collected; and (4) Minimize the
burden of the collection of information
on those who are to respond; including
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
This Notice also lists the following
information:
Title of Proposal: Mortgage Record
Change.
OMB Control Number, if applicable:
2502–0422.
Description of the need for the
information and proposed use: The
Mortgage Record Change information is
used by FHA-approved mortgagees to
comply with HUD requirements for
reporting the sale of a mortgage between
investors, the transfer of the mortgage
servicing responsibility, and a change in
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
35715
mortgagors, as appropriate. The
information required is used to update
HUD’s Insurance System and other
related systems. Current data is
necessary to establish mortgage
premium liability, forward annual
premium mortgage data to the
appropriate mortgagee/servicer, and
maintain premium receivables and
program data regarding investors/
servicer activity. Without the required
data, the premium collection/
monitoring function would be severely
impeded and program data would be
unreliable. This information is essential
because HUD does case level accounting
in recording premium payments by
mortgagees.
Agency form numbers, if applicable:
HUD–92080 is used for multifamily
loans only. Information for single family
loans is collected 100% electronically.
Estimation of the total numbers of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: The public reporting
burden for this collection of information
is estimated to be 160,025 hours
annually. An estimated 2,600
respondents file 1,600,025 responses
annually, and the time needed to
provide the information is 6 minutes on
average.
Status of the proposed information
collection: Extension of a currently
approved collection.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: June 22, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for
Housing—Deputy Federal Housing
Commissioner.
[FR Doc. E7–12580 Filed 6–28–07; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5121–N–24]
Notice of Proposed Information
Collection: Comment Request;
Minimum Property Standards for
Housing
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: The proposed information
collection requirement described below
will be submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act. The Department is
E:\FR\FM\29JNN1.SGM
29JNN1
]]>Agencies
[Federal Register Volume 72, Number 125 (Friday, June 29, 2007)]
[Notices]
[Page 35715]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-12580]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5121-N-20]
Notice of Proposed Information Collection: Comment Request;
Mortgage Record Change
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The proposed information collection requirement described
below will be submitted to the Office of Management and Budget (OMB)
for review, as required by the Paperwork Reduction Act. The Department
is soliciting public comments on the subject proposal.
DATES: Comments Due Date: August 28, 2007.
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: Lillian Deitzer, Reports
Management Officer, Department of Housing and Urban Development, 451
7th Street, SW., L'Enfant Plaza Building, Room 8003, Washington, DC
20410 or Lillian--L--Deitzer@hud.gov.
FOR FURTHER INFORMATION CONTACT: Silas C. Vaughn, Jr., Single Family
Insurance Operations Division, Department of Housing and Urban
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202)
402-3545 (this is not a toll free number) for copies of the proposed
forms and other available information.
SUPPLEMENTARY INFORMATION: The Department is submitting the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
This Notice is soliciting comments from members of the public and
affected agencies concerning the proposed collection of information to:
(1) Evaluate whether the proposed collection is necessary for the
proper performance of the functions of the agency, including whether
the information will have practical utility; (2) Evaluate the accuracy
of the agency's estimate of the burden of the proposed collection of
information; (3) Enhance the quality, utility, and clarity of the
information to be collected; and (4) Minimize the burden of the
collection of information on those who are to respond; including the
use of appropriate automated collection techniques or other forms of
information technology, e.g., permitting electronic submission of
responses.
This Notice also lists the following information:
Title of Proposal: Mortgage Record Change.
OMB Control Number, if applicable: 2502-0422.
Description of the need for the information and proposed use: The
Mortgage Record Change information is used by FHA-approved mortgagees
to comply with HUD requirements for reporting the sale of a mortgage
between investors, the transfer of the mortgage servicing
responsibility, and a change in mortgagors, as appropriate. The
information required is used to update HUD's Insurance System and other
related systems. Current data is necessary to establish mortgage
premium liability, forward annual premium mortgage data to the
appropriate mortgagee/servicer, and maintain premium receivables and
program data regarding investors/servicer activity. Without the
required data, the premium collection/monitoring function would be
severely impeded and program data would be unreliable. This information
is essential because HUD does case level accounting in recording
premium payments by mortgagees.
Agency form numbers, if applicable: HUD-92080 is used for
multifamily loans only. Information for single family loans is
collected 100% electronically.
Estimation of the total numbers of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The public reporting burden for this
collection of information is estimated to be 160,025 hours annually. An
estimated 2,600 respondents file 1,600,025 responses annually, and the
time needed to provide the information is 6 minutes on average.
Status of the proposed information collection: Extension of a
currently approved collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,
Chapter 35, as amended.
Dated: June 22, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing
Commissioner.
[FR Doc. E7-12580 Filed 6-28-07; 8:45 am]
BILLING CODE 4210-67-P
