Notice of Submission of Proposed Information Collection to OMB; FHA-Insured Mortgage Loan Servicing Involving the Claims and Conveyance Process, Property Inspection/Preservation, 35710 [2012-14524]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 77, Number 115 (Thursday, June 14, 2012)]
[Notices]
[Page 35710]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-14524]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5603-N-40]


Notice of Submission of Proposed Information Collection to OMB; 
FHA-Insured Mortgage Loan Servicing Involving the Claims and Conveyance 
Process, Property Inspection/Preservation

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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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.
    FHA insurance is an important source of mortgage credit for low and 
moderate-income borrowers and their neighborhoods. It is essential that 
FHA maintain a healthy mortgage insurance fund through premiums charged 
the borrower by FHA along with Federal budget receipts generated from 
those premiums to support HUD's goals. Providing policy and guidance to 
the single family housing mortgage industry regarding changes in FHA's 
program is essential to protect the fund. This information collection 
request for OMB review seeks to combine the requirements of another 
existing OMB collection under one collection; it is OMB collection 
2502-0349.

DATES: Comments Due Date: July 16, 2012.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0429) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Colette Pollard., Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street SW., Washington, DC 20410; email Colette Pollard at 
Colette.Pollard@hud.gov or telephone (202) 402-3400. This is not a 
toll-free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

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: FHA-Insured Mortgage Loan Servicing Involving 
the Claims and Conveyance Process, Property Inspection/Preservation.
    OMB Approval Number: 2502-0429.
    Form Numbers: HUD-9519-A, Property Inspection Report, HUD-9539, 
Request for Occupied Conveyance, HUD-27011, Parts A, B, C, D, E, Single 
Family Application for Insurance Benefits, HUD-50002, Request to Exceed 
Cost Limits for Preservation and Protection, HUD-50012, Mortgagees 
Request for Extension of Time Requirements, HUD-91022, Mortgagee Notice 
of Foreclosure Sale.

Description of the Need for the Information and Its Proposed

    FHA insurance is an important source of mortgage credit for low and 
moderate-income borrowers and their neighborhoods. It is essential that 
FHA maintain a healthy mortgage insurance fund through premiums charged 
the borrower by FHA along with Federal budget receipts generated from 
those premiums to support HUD's goals. Providing policy and guidance to 
the single family housing mortgage industry regarding changes in FHA's 
program is essential to protect the fund. This information collection 
request for OMB review seeks to combine the requirements of another 
existing OMB collection under one collection; it is OMB collection 
2502-0349.
    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 
1,347,549, the number of respondents is 324, the number of responses is 
1,087,913, the frequency of response is on occasion, and the burden 
hour per response is from less than a minute to 4 hours depending upon 
the activity.
    Status: This is an extension of a currently approved collection OMB 
2502-0429 that will be extended for another three years.

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

    Dated: June 7, 2012.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2012-14524 Filed 6-13-12; 8:45 am]
BILLING CODE 4210-67-P