Cooperative Share Loan Insurance, 9246-9247 [2010-4155]

Download as PDF 9246 Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices needed to assist HUD in determining the Owner’s eligibility and capacity to finalize the development of a housing project under the Section 202 and Section 811 Capital Advance Programs. A thorough evaluation of an Owner’s capabilities is critical to protect the Government’s financial interest and to mitigate any possibility of fraud, waste and mismanagement of public funds. Agency form numbers, if applicable: HUD–: 2328; 2530; 2554; 2880; 935.2; 9832; 9839–A; 9839–B; 9839–C; 51994; 90163–CA; 90163.1–CA; 90164–CA; 90165–CA; 90167–CA; 90169–CA; 90169.a–CA; 90170–CA; 90171–CA; 90172–A–CA; 90172–B–CA; 90173–A– CA; 90173–B–CA; 90173–C–CA; 90175– CA; 90175.1–CA; 90176–CA; 90177–CA; 90178–CA; 91732–A–CA; 92013; 92013– SUPP; 92264; 92330; 92330–A; 92329; 92331; 92403.1; 92403–CA; 92433–CA; 92434–CA; 92435–CA; 92437; 92442; 92442–A–CA; 92443–CA; 92448; 92450– CA; 92452–A; 92452–A–CA; 92457; 92458; 92464; 92466–CA; 92466.1–CA; 92476–A; 92476–A–CA; 92485; 92580; 93432–CA; 93479; 93480; 93481; 93566– CA; 93566.1–CA; 27054; 50080–CAH; SF–269; SF–1199; SF–LL; and FM– 1006. Estimation of the total number of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The number of burden hours is 8,973. The number of respondents is 260, the number of responses is 9,079, the frequency of response is on occasion, and the burden hour per response is 60. Status of the proposed information collection: Extension of 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. 2010–4145 Filed 2–26–10; 8:45 am] BILLING CODE 4210–27–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5376–N–14] mstockstill on DSKH9S0YB1PROD with NOTICES Cooperative Share Loan Insurance AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. VerDate Nov<24>2008 16:46 Feb 26, 2010 Jkt 220001 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. New guidance for cooperative housing loan insurance will be published to update existing policies, and better enable mortgagees to submit cooperative share loans for FHA insurance. This new publication will provide instructions to lenders to ensure compliance with project requirements, origination, servicing, and claims. The guidance includes matters concerning forward and reverse (HECM) mortgages, as well as compatible insurance programs. Mortgagees must collect documents and information about the cooperative corporation and housing project, which are needed to evaluate the share loans’ eligibility, and ensure compliance with security and project, requirements. Additionally, the new instructions require a Cooperative Project Questionnaire, which will be used by lenders and FHA to document critical information relevant to the structure of the cooperative corporation and its eligibility for FHA insurance. Also required is a form Mortgagee Certification of Cooperative Eligibility, which is to be signed by the Mortgagee/ Lender. 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 (2502–NEW) 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 PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 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: Cooperative Share Loan Insurance. OMB Approval Number: 2502–NEW. Form Numbers: HUD–92270, HUD– 92271, HUD–92270–G. Description of the Need for the Information and Its Proposed Use: New guidance for cooperative housing loan insurance will be published to update existing policies, and better enable mortgagees to submit cooperative share loans for FHA insurance. This new publication will provide instructions to lenders to ensure compliance with project requirements, origination, servicing, and claims. The guidance includes matters concerning forward and reverse (HECM) mortgages, as well as compatible insurance programs. Mortgagees must collect documents and information about the cooperative corporation and housing project, which are needed to evaluate the share loans’ eligibility, and ensure compliance with security and project, requirements. Additionally, the new instructions require a Cooperative Project Questionnaire, which will be used by lenders and FHA to document critical information relevant to the structure of the cooperative corporation and its eligibility for FHA insurance. Also required is a form Mortgagee Certification of Cooperative Eligibility, which is to be signed by the Mortgagee/ Lender. Frequency of Submission: On occasion. E:\FR\FM\01MRN1.SGM 01MRN1 9247 Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices Number of respondents Annual responses 12,670 12.670 Reporting Burden: ............................................................................. Total Estimated Burden Hours: 2,000. Status: New Collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: February 23, 2010. Leroy McKinney, Jr., Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2010–4155 Filed 2–26–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5376–N–12] Multifamily Default Status Report 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. Mortgagees use this report to notify HUD that a project owner has defaulted on their mortgage and that an assignment of mortgage will result if HUD and the mortgagor do not develop a plan for reinstating the loan. 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 (2502–0041) 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 63 119 Total Estimated Burden Hours: 1,256. Status: Extension of a currently approved collection. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. [Docket No. FR–5376–N–13] mstockstill on DSKH9S0YB1PROD with NOTICES Single Family Mortgage Insurance Premium, Single Family AGENCY: Office of the Chief Information Officer, HUD. Notice. [FR Doc. 2010–4152 Filed 2–26–10; 8:45 am] 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. BILLING CODE 4210–67–P VerDate Nov<24>2008 16:46 Feb 26, 2010 Jkt 220001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 = Burden hours 2,000 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: Multifamily Default Status Report. OMB Approval Number: 2502–0041. Form Numbers: HUD–92426. Description of the Need for the Information and its Proposed Use: Mortgagees use this report to notify HUD that a project owner has defaulted on their mortgage and that an assignment of mortgage will result if HUD and the mortgagor do not develop a plan for reinstating the loan. Frequency of Submission: On occasion, Other Reporting required when default occurs. Annual responses Reporting Burden .............................................................................. ACTION: Hours per response 2 Number of respondents Dated: February 22, 2010. Leroy McKinney, Jr., Departmental Reports Management Officer, Office of the Chief Information Officer. x x Hours per response 0.167 = Burden hours 1,256 Lenders use the Single Family Premium Collection Subsystem-Upfront (SFPCS–U) to remit the upfront premium to obtain mortgage insurance for the homeowner. The information strengthens HUD’s ability to manage and to manage and process upfront single family mortgage insurance premium collections and corrections to submit data. It also improves data integrity for the Single Family Mortgage Insurance Program. 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 (2502–0423) and should be sent to: HUD Desk Officer, E:\FR\FM\01MRN1.SGM 01MRN1

Agencies

[Federal Register Volume 75, Number 39 (Monday, March 1, 2010)]
[Notices]
[Pages 9246-9247]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4155]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5376-N-14]


Cooperative Share Loan Insurance

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.
    New guidance for cooperative housing loan insurance will be 
published to update existing policies, and better enable mortgagees to 
submit cooperative share loans for FHA insurance. This new publication 
will provide instructions to lenders to ensure compliance with project 
requirements, origination, servicing, and claims. The guidance includes 
matters concerning forward and reverse (HECM) mortgages, as well as 
compatible insurance programs. Mortgagees must collect documents and 
information about the cooperative corporation and housing project, 
which are needed to evaluate the share loans' eligibility, and ensure 
compliance with security and project, requirements. Additionally, the 
new instructions require a Cooperative Project Questionnaire, which 
will be used by lenders and FHA to document critical information 
relevant to the structure of the cooperative corporation and its 
eligibility for FHA insurance. Also required is a form Mortgagee 
Certification of Cooperative Eligibility, which is to be signed by the 
Mortgagee/Lender.

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 (2502-NEW) 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: Cooperative Share Loan Insurance.
    OMB Approval Number: 2502-NEW.
    Form Numbers: HUD-92270, HUD-92271, HUD-92270-G.
    Description of the Need for the Information and Its Proposed Use:
    New guidance for cooperative housing loan insurance will be 
published to update existing policies, and better enable mortgagees to 
submit cooperative share loans for FHA insurance. This new publication 
will provide instructions to lenders to ensure compliance with project 
requirements, origination, servicing, and claims. The guidance includes 
matters concerning forward and reverse (HECM) mortgages, as well as 
compatible insurance programs. Mortgagees must collect documents and 
information about the cooperative corporation and housing project, 
which are needed to evaluate the share loans' eligibility, and ensure 
compliance with security and project, requirements. Additionally, the 
new instructions require a Cooperative Project Questionnaire, which 
will be used by lenders and FHA to document critical information 
relevant to the structure of the cooperative corporation and its 
eligibility for FHA insurance. Also required is a form Mortgagee 
Certification of Cooperative Eligibility, which is to be signed by the 
Mortgagee/Lender.
    Frequency of Submission: On occasion.

[[Page 9247]]



----------------------------------------------------------------------------------------------------------------
                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
----------------------------------------------------------------------------------------------------------------
Reporting Burden:...................          12,670           12.670   ..               2   ..           2,000
----------------------------------------------------------------------------------------------------------------

    Total Estimated Burden Hours: 2,000.
    Status: New Collection.

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

    Dated: February 23, 2010.
Leroy McKinney, Jr.,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 2010-4155 Filed 2-26-10; 8:45 am]
BILLING CODE 4210-67-P