Quality Control Requirements for Direct Endorsement Lenders; Notice of Proposed Information Collection: Comment Request, 80066 [2010-32015]
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80066
Federal Register / Vol. 75, No. 244 / Tuesday, December 21, 2010 / Notices
Status of the proposed information
collection: This is an extension of a
currently approved collection.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: December 16, 2010.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary
for Housing.
[FR Doc. 2010–32012 Filed 12–20–10; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5380–N–50]
Quality Control Requirements for
Direct Endorsement Lenders; Notice of
Proposed Information Collection:
Comment Request
Office of the Assistant
Secretary for Housing, HUD.
ACTION: Notice.
AGENCY:
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: February 22, 2011.
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:
Reports Liaison Officer, Department of
Housing and Urban Development, 451
7th Street, SW., Washington, DC 20410,
Room 9120 or the number for the
Federal Information Relay Service (1–
800–877–8339).
FOR FURTHER INFORMATION CONTACT: Tom
Cook, Housing Program Policy
Specialist, Single Family Housing,
Office of Lender Activities and Program
Compliance, Department of Housing
and Urban Development, 451 7th Street,
SW., Washington, DC 20410, telephone
(202) 708–2830 (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
srobinson on DSKHWCL6B1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
20:40 Dec 20, 2010
Jkt 223001
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: Quality Control
Requirements for Direct Endorsement
Lenders.
OMB Control Number, if applicable:
2502—NEW.
Description of the need for the
information and proposed use: As of
January 1, 2011, mortgagees that were
previously approved as loan
correspondents will be able to
participate as Third Party Originators
(TPOs) in FHA-insured mortgage
transactions only if the conditions
outlined in 24 CFR 202.8 are met. Per
24 CFR 202.8 (3) DE lenders which
sponsor TPOs are responsible to the
Secretary for the actions of third party
originators or mortgagees in originating
loans or mortgages, unless applicable
law or regulation requires specific
knowledge on the part of the party to be
held responsible. As a result, DE lenders
will be responsible for conducting
quality control on TPO originations of
FHA-insured mortgage loans, and
ensuring that their QC plan is expanded
to contain this oversight provision. This
will create an additional information
collection burden on DE lenders, since
these institutions must also conduct
quality control on all loans they
originate and underwrite.
Agency form numbers, if applicable:
Not applicable.
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 number of
burden hours is 91,515. The number of
respondents is 1,853, the number of
responses is 169,158, the frequency of
response is annually, and the burden
hour per response is 1.5.
Status of the proposed information
collection: This is a new collection.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., chapter 35, as amended.
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
Dated: December 16, 2010.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary
for Housing.
[FR Doc. 2010–32015 Filed 12–20–10; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5380–N–51]
Technical Suitability of Products
Program Section 521 of the National
Housing Act; Notice of Proposed
Information Collection: Comment
Request
Office of the Assistant
Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
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: February
22, 2011.
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:
Colette Pollard, Reports Management
Officer, Department of Housing and
Urban Development, 451 7th Street,
SW., Washington, DC 20410; e-mail
Colette.Pollard@hud.gov or telephone
(202) 402–3400.
FOR FURTHER INFORMATION CONTACT:
Geraldine Uju Aguolu, General
Engineer, Office of Manufactured
Housing Programs, Department of
Housing and Urban Development, 451
7th Street SW., Washington, DC 20410,
telephone (202) 708–2698 x 5599 (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
SUMMARY:
E:\FR\FM\21DEN1.SGM
21DEN1
]]>Agencies
[Federal Register Volume 75, Number 244 (Tuesday, December 21, 2010)]
[Notices]
[Page 80066]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32015]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5380-N-50]
Quality Control Requirements for Direct Endorsement Lenders;
Notice of Proposed Information Collection: Comment Request
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: February 22, 2011.
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: Reports Liaison Officer,
Department of Housing and Urban Development, 451 7th Street, SW.,
Washington, DC 20410, Room 9120 or the number for the Federal
Information Relay Service (1-800-877-8339).
FOR FURTHER INFORMATION CONTACT: Tom Cook, Housing Program Policy
Specialist, Single Family Housing, Office of Lender Activities and
Program Compliance, Department of Housing and Urban Development, 451
7th Street, SW., Washington, DC 20410, telephone (202) 708-2830 (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: Quality Control Requirements for Direct
Endorsement Lenders.
OMB Control Number, if applicable: 2502--NEW.
Description of the need for the information and proposed use: As of
January 1, 2011, mortgagees that were previously approved as loan
correspondents will be able to participate as Third Party Originators
(TPOs) in FHA-insured mortgage transactions only if the conditions
outlined in 24 CFR 202.8 are met. Per 24 CFR 202.8 (3) DE lenders which
sponsor TPOs are responsible to the Secretary for the actions of third
party originators or mortgagees in originating loans or mortgages,
unless applicable law or regulation requires specific knowledge on the
part of the party to be held responsible. As a result, DE lenders will
be responsible for conducting quality control on TPO originations of
FHA-insured mortgage loans, and ensuring that their QC plan is expanded
to contain this oversight provision. This will create an additional
information collection burden on DE lenders, since these institutions
must also conduct quality control on all loans they originate and
underwrite.
Agency form numbers, if applicable: Not applicable.
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 number of burden hours is 91,515.
The number of respondents is 1,853, the number of responses is 169,158,
the frequency of response is annually, and the burden hour per response
is 1.5.
Status of the proposed information collection: This is a new
collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,
chapter 35, as amended.
Dated: December 16, 2010.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2010-32015 Filed 12-20-10; 8:45 am]
BILLING CODE 4210-67-P
