Notice of Proposed Information Collection: Comment Request; Owner of Record and Re-Sale Data To Preclude Predatory Lending Practices (Property Flipping) on FHA Insured Mortgages, 9244-9245 [2010-4143]

Download as PDF 9244 Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices (c) Business records; (d) Evidence, contraband, and other seized material; and (e) Public and commercial sources. EXEMPTIONS CLAIMED FOR THE SYSTEM: The Secretary of Homeland Security has exempted portions of this system of records from subsections (c)(3) and (4); (d); (e)(1), (e)(2), (e)(3), (e)(4)(G), (e)(4)(H), (e)(5), and (e)(8); and (g) of the Privacy Act pursuant to 5 U.S.C. 552a(j)(2). In addition, the Secretary of Homeland Security has exempted portions of this system of records from subsections (c)(3); (d); (e)(1), (e)(4)(G), and (e)(4)(H) of the Privacy Act pursuant to 5 U.S.C. 552a(k)(2). These exemptions apply only to the extent that records in the system are subject to exemption pursuant to 5 U.S.C. 552a(j)(2) and (k)(2). In addition, to the extent a record contains information from other exempt systems of records, DHS will rely on the exemptions claimed for those systems. Dated: February 24, 2010. Mary Ellen Callahan, Chief Privacy Officer, Department of Homeland Security. [FR Doc. 2010–4099 Filed 2–26–10; 8:45 am] BILLING CODE 9111–28–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5376–N–15] Fungibility Plan and Follow-Up Reporting To Implement Section 901 on Voucher Funds for Displaced Hurricane Katrina and Rita Families AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. SUMMARY: The proposed information collection requirement described below has been 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. Eligible PHAs in areas most heavily impacted by Hurricanes Katrina and Rita will submit a Notice of Intent and Section 901 Fungibility Plan to inform HUD they will exercise funding flexibility and describe how program funds will be used. PHAs will submit quarterly and annual reports on fund utilization. DATES: Comments Due Date: March 31, 2010. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2577–0245) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202–395–5806. FOR FURTHER INFORMATION CONTACT: Leroy McKinney Jr., Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail Leroy McKinney Jr. at Leroy.McKinneyJr@hud.gov or telephone (202) 402–5564. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Mr. McKinney. SUPPLEMENTARY INFORMATION: This notice informs the public that the Department of Housing and Urban Development has submitted to OMB a request for approval of the Information collection described below. This notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate 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) 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 through 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: Notice of Intent and Fungibility Plan and Follow-Up Reporting to Implement Section 901 of 2006 Supplemental Emergency Appropriations authorizing PHAs to Combine or Use Public Housing Capital or Operating Funds, or Housing Choice Voucher Funds for other program purposes to Aid Formerly Assisted Families Displaced by Hurricanes Katrina and Rita. OMB Approval Number: 2577–0245. Form Numbers: None. Description of the Need for the Information and its Proposed Use: Eligible PHAs in areas most heavily impacted by Hurricanes Katrina and Rita will submit a Notice of Intent and Section 901 Fungibility Plan to inform HUD they will exercise funding flexibility and describe how program funds will be used. PHAs will submit quarterly and annual reports on fund utilization. Frequency of Submission: Quarterly, Annually, Other one-time upfront fungibility plan submission-annual reporting for 5 years, one final report. Number of respondents Annual responses 12 6 23.33 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ACTION: Reporting Burden ..... mstockstill on DSKH9S0YB1PROD with NOTICES Total Estimated Burden Hours: 1,680. Status: Extension of a currently approved collection. Dated: February 23, 2010. Leroy McKinney, Jr., Departmental Reports Management Officer, Office of the Chief Information Officer. BILLING CODE 4210–67–P VerDate Nov<24>2008 16:46 Feb 26, 2010 Jkt 220001 Hours per response = Burden hours 1,680 Notice. Notice of Proposed Information Collection: Comment Request; Owner of Record and Re-Sale Data To Preclude Predatory Lending Practices (Property Flipping) on FHA Insured Mortgages 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. AGENCY: Office of the Assistant Secretary for Housing, HUD. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. [FR Doc. 2010–4158 Filed 2–26–10; 8:45 am] × 2010. [Docket No. FR–5380–N–11] PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 DATES: E:\FR\FM\01MRN1.SGM Comments Due Date: April 30, 01MRN1 Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices 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: Leroy McKinney Jr., Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; e-mail Leroy.McKinneyJr@HUD.gov or telephone (202) 402–8048 or the number for the Federal Information Relay Service (1–800–877–8339). FOR FURTHER INFORMATION CONTACT: Program Contact, Director, Office of Single Family Program Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 708–2121 (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: Owner of Record and Re-sale Data to Preclude Predatory Lending Practices (Property Flipping) on FHA Insured Mortgages. OMB Control Number, if applicable: 2502–0547. Description of the need for the information and proposed use: HUD is committed to preventing predatory sales practices. To do so, a permanent policy provides that FHA will not insure mortgages on properties re-sold within 90 days and will require that only the owner-of-record be permitted to sell the property if FHA will insure the subsequent mortgage. However, in order to accommodate current market mstockstill on DSKH9S0YB1PROD with NOTICES ADDRESSES: VerDate Nov<24>2008 16:46 Feb 26, 2010 Jkt 220001 conditions, FHA has established a waiver to this 90-days regulation, which will expire after a one-year period. Lenders will be required to provide evidence of the date of the last resale and the date it occurred. If the resale exceeds area price thresholds established by FHA, FHA requires an additional appraisal to establish value. Agency form numbers, if applicable: None. 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 estimated total number of hours needed to prepare the information collection is 43,500; the number of respondents is 13,000 generating approximately 1,150,000 annual responses; the frequency of response is on occasion; and the estimated time needed to prepare the response is less than 1 minute for clerical data and 1 hour for ARM Disclosure review. 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: February 23, 2010. Ronald Y. Spraker, Associate General Deputy Assistant Secretary for Housing. [FR Doc. 2010–4143 Filed 2–26–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5380–N–12] Notice of Proposed Information Collection: Comment Request; Submission Requirements for the Section 202 Supportive Housing for the Elderly and the Section 811 Supportive Housing for Persons With Disabilities Capital Advance Program 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: April 30, 2010. ADDRESSES: Interested persons are invited to submit comments regarding PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 9245 this proposal. Comments should refer to the proposal by name and/or OMB Control Number and should be sent to: Leroy McKinney, Jr., Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; e-mail Leroy.McKinneyJr@HUD.gov or telephone (202) 402–8048 or the number for the Federal Information Relay Service (1–800–877–8339). FOR FURTHER INFORMATION CONTACT: Willie Spearmon, Director, Office of Housing Assistance and Grant Administration, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 708–3000 (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: Capital Advance Program Submission Requirements for Firm Commitment Through Final Closing. Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons With Disabilities. OMB Control Number, if applicable: 2502–0470. Description of the need for the information and proposed use: This submission, for which the Department is requesting clearance, is to permit the continued processing of all Sections 202 and 811 capital advance projects that have not yet been finally closed. The submission includes processing of the application for firm commitment to final closing of the capital advance. It is E:\FR\FM\01MRN1.SGM 01MRN1

Agencies

[Federal Register Volume 75, Number 39 (Monday, March 1, 2010)]
[Notices]
[Pages 9244-9245]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4143]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5380-N-11]


Notice of Proposed Information Collection: Comment Request; Owner 
of Record and Re-Sale Data To Preclude Predatory Lending Practices 
(Property Flipping) on FHA Insured Mortgages

AGENCY: Office of the Assistant Secretary for Housing, 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: April 30, 2010.

[[Page 9245]]


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: Leroy McKinney Jr., Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
Leroy.McKinneyJr@HUD.gov or telephone (202) 402-8048 or the number for 
the Federal Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: Program Contact, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-2121 (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: Owner of Record and Re-sale Data to Preclude 
Predatory Lending Practices (Property Flipping) on FHA Insured 
Mortgages.
    OMB Control Number, if applicable: 2502-0547.
    Description of the need for the information and proposed use: HUD 
is committed to preventing predatory sales practices. To do so, a 
permanent policy provides that FHA will not insure mortgages on 
properties re-sold within 90 days and will require that only the owner-
of-record be permitted to sell the property if FHA will insure the 
subsequent mortgage. However, in order to accommodate current market 
conditions, FHA has established a waiver to this 90-days regulation, 
which will expire after a one-year period. Lenders will be required to 
provide evidence of the date of the last resale and the date it 
occurred. If the resale exceeds area price thresholds established by 
FHA, FHA requires an additional appraisal to establish value.
    Agency form numbers, if applicable: None.
    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 estimated total number of hours 
needed to prepare the information collection is 43,500; the number of 
respondents is 13,000 generating approximately 1,150,000 annual 
responses; the frequency of response is on occasion; and the estimated 
time needed to prepare the response is less than 1 minute for clerical 
data and 1 hour for ARM Disclosure review.
    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: February 23, 2010.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2010-4143 Filed 2-26-10; 8:45 am]
BILLING CODE 4210-67-P