Notice of Proposed Information Collection: Comment Request; Emergency Homeowners' Loan Program Data Elements, 22913 [2011-9953]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 76, Number 79 (Monday, April 25, 2011)]
[Notices]
[Page 22913]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-9953]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5484-N-13]


Notice of Proposed Information Collection: Comment Request; 
Emergency Homeowners' Loan Program Data Elements

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of proposed information collection.

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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: June 24, 2011.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within sixty (60) days from 
the date of this Notice. Comments should refer to the proposal by name/
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: Karin Hill, Director, Office of Single 
Family Housing, Program Development, U.S Department of Housing and 
Urban Development, 451 7th Street, SW., Washington, DC 20410, Room 
9278, telephone (202) 402-2307. (This is not a toll-free number). 
Copies of the proposed forms and other available documents submitted to 
OMB may be obtained from Ms. Hill.

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 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 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: Emergency Homeowners' Loan Program Data 
Elements.
    OMB Control Number, if applicable: 2502-0597.
    Description of the need for the information and proposed use: This 
information collection is necessary to determine applicant eligibility 
to receive mortgage relief assistance under the Emergency Homeowners' 
Loan Program. This Notice informs the public that the U.S. Department 
of Housing and Urban Development (HUD) has submitted to OMB, an 
information collection package with respect to implementing the 
Emergency Homeowners' Loan Program targeted to borrowers facing 
foreclosure.
    The Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010 
(Pub. L. 111-203, approved July 21, 2010, Sec 1496) appropriated 
$1billion to HUD to establish an Emergency Homeowner's Relief Fund, 
pursuant to section 107 of the Emergency Housing Act of 1975, that will 
provide emergency mortgage assistance to homeowners that are at risk of 
foreclosure due to involuntary unemployment or underemployment due to 
an adverse economic or medical condition. Accordingly, HUD is 
implementing the Emergency Homeowners Loan Program (EHLP) that is 
designed to offer a declining balance, deferred payment ``bridge loan'' 
(non-recourse, subordinate loan with zero interest) for up to $50,000 
to assist eligible homeowners with payments of arrearages, including 
delinquent taxes and insurance. Additionally, EHLP maybe used to assist 
eligible homeowners with up to 24 months of monthly payments on their 
mortgage principal, interest, mortgage insurance premiums, taxes, and 
hazard insurance. Assistance will not exceed $50,000 per eligible 
homeowner.
    HUD will use two approaches to implement EHLP: (1) Provide 
allocations to States that currently have substantially similar 
programs to administer their mortgage relief funds directly; and (2) 
delegate key administrative functions to third party entities that will 
assist HUD with program implementation. The third party entities will 
be primarily responsible for application intake, eligibility screening, 
funds control, payment distribution, and note processing.
    Homeowners'(borrowers') participation in the program is voluntary. 
However, to help determine eligibility for assistance borrowers must 
submit the required application information and loan documentation to 
demonstrate that they meet program eligibility guidelines to receive 
mortgage relief assistance through EHLP.
    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 total number of respondents are 
estimated to be 36,264; the frequency of response (one time) for 
initial intake and an on-occasion response to re-certify changes in 
required eligibility data, the estimated time needed to prepare the 
response averages 3 hours ; and the total estimated annual burden hours 
are 108,792.
    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: April 20, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2011-9953 Filed 4-22-11; 8:45 am]
BILLING CODE 4210-72-P