30-Day Notice of Proposed Information Collection: FHA TOTAL (Technology Open to Approved Lenders) Mortgage Scorecard, 40312-40313 [2013-15996]
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tkelley on DSK3SPTVN1PROD with NOTICES2
40312
Federal Register / Vol. 78, No. 128 / Wednesday, July 3, 2013 / Notices
consider when determining, in the
course of a familial status
discrimination complaint investigation,
whether or not a housing facility or
community qualified for the ‘‘55 or
older’’ housing exemption as of the date
of the alleged Fair Housing Act
violation.
The HOPA information collection
requirements are necessary to
demonstrate a housing provider’s
eligibility to claim the ‘‘55 or older’’
housing exemption as an affirmative
defense to a familial status
discrimination complaint filed with
HUD under the Fair Housing Act. The
information will be collected in the
normal course of business in connection
with the sale, rental or occupancy of
dwelling units situated in qualified
senior housing facilities or
communities. The HOPA’s requirement
that a housing provider must
demonstrate the intent to operate a ‘‘55
or older’’ housing community or facility
by publishing, and consistently
enforcing, age verification rules, policies
and procedures for current and
prospective occupants reflects the usual
and customary practice of the senior
housing industry. Under the HOPA, a
‘‘55 or older’’ housing provider should
conduct an initial occupancy survey of
the housing community or facility to
verify compliance with the HOPA’s ’80
percent’ occupancy requirement, and
should maintain such compliance by
periodically reviewing and updating
existing age verification records for each
occupied dwelling unit at least once
every two years. The creation and
maintenance of such occupancy/age
verification records should occur in the
normal course of individual sale or
rental housing transactions, and should
require minimal preparation time.
Further, a senior housing provider’s
operating rules, policies and procedures
are not privileged or confidential in
nature, because such information must
be disclosed to current and prospective
residents, and to residential real estate
professionals.
The HOPA exemption also requires
that a summary of the occupancy survey
results must be made available for
public inspection. This summary need
not contain confidential information
about individual residents; it may
simply indicate the total number of
dwelling units actually occupied by
persons 55 years of age or older. While
the supporting age verification records
may contain confidential information
about individual occupants, such
information .
Estimation of the total numbers of
hours needed to prepare the information
collection including number of
VerDate Mar<15>2010
19:28 Jul 02, 2013
Jkt 229001
respondents, frequency of response, and
hours of response: The HOPA
information collection requirements are
the responsibility of the individual
housing facility or community that
claims eligibility for the HOPA’s ‘‘55 or
older’’ housing exemption. The HOPA
does not authorize HUD to require
submission of this information by
individual housing providers as a means
of certifying that their housing
communities or facilities qualify for the
exemption. Further, since the HOPA has
no mandatory registration requirement,
HUD cannot ascertain the actual number
of housing facilities and communities
that are currently collecting this
information with the intention of
qualifying for the HOPA exemption.
Accordingly, HUD has estimated that
approximately 1,000 housing facilities
or communities would seek to qualify
for the HOPA exemption. HUD has
estimated that the occupancy/age
verification data would require routine
updating with each new housing
transaction within the facility or
community, and that the number of
such transactions per year might vary
significantly depending on the size and
nature of the facility or community.
HUD also estimated the average number
of housing transactions per year at ten
(10) transactions per community. HUD
concluded that the publication of
policies and procedures is likely to be
a one-time event and in most cases will
require no additional burden beyond
what is done in the normal course of
business. The estimated total annual
burden hours are 5,500 hours.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) 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) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to 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.
HUD encourages interested parties to
submit comment in response to these
questions.
PO 00000
Frm 00004
Fmt 4701
Sfmt 4703
C. Authority
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: June 27, 2013.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2013–15995 Filed 7–2–13; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5683–N–58]
30-Day Notice of Proposed Information
Collection: FHA TOTAL (Technology
Open to Approved Lenders) Mortgage
Scorecard
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD has submitted the
proposed information collection
requirement described below to the
Office of Management and Budget
(OMB) for review, in accordance with
the Paperwork Reduction Act. The
purpose of this notice is to allow for an
additional 30 days of public comment.
DATES: Comments Due Date: August 2,
2013.
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:
Brenda Boldridge, U.S. Department of
Housing and Urban Development, 451
7th Street SW., Washington, DC 20410;
fax: 202–708–XXXX. Email:
Brenda.K.Boldridge@hud.gov.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette Pollard at
Colette.Pollard@hud.gov or telephone
202–402–3400. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339. 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 HUD has
submitted to OMB a request for
approval of the information collection
described in Section A. The Federal
Register notice that solicited public
comment on the information collection
E:\FR\FM\03JYN2.SGM
03JYN2
Federal Register / Vol. 78, No. 128 / Wednesday, July 3, 2013 / Notices
tkelley on DSK3SPTVN1PROD with NOTICES2
for a period of 60 days was published
on April 24, 2013.
A. Overview of Information Collection
Title of Information Collection: FHA
TOTAL (Technology Open to Approved
Lenders) Mortgage Scorecard.
OMB Approval Number: 2502–0556.
Type of Request: Revision.
Form Number: None.
Description of the need for the
information and proposed use: The
regulation mandating this collection can
be found in the Code of Federal
Regulations at 24 CFR 203.255(b)(5).
This information is necessary to assure
that lenders (and automated
underwriting system (AUS) vendors) are
aware of their obligations regarding use
of the TOTAL Mortgage Scorecard and
are certifying that they will comply with
all pertinent regulations. It also allows
FHA to request reports from lenders
regarding their use of the scorecard, that
they have implemented appropriate
quality control procedures for using the
scorecard, and provides an appeal
mechanism should FHA take an action
to terminate a lender’s use of the
scorecard.
In order to serve its clients better,
HUD has made the following non
material changes: As part of the FHA
Transformation Program, Single Family
Housing is moving the TOTAL
Scorecard to the Mortgage Industry
Standard Maintenance Organization
(MISMO) data standards format. The
data elements are currently used
throughout the industry and are
therefore listed as industry standard
business practice. The attached
document outlines the benefits of
converting the data and the mapping
phases.
Both FHA Total Scorecard, 2502–0556
and Informed Consumer Choice Notice
and Application for FHA Insured
Mortgages, 2502–0059 will be affected
in the two initial transformation phases
and Informed Consumer Choice Notice
and Application for FHA Insured
Mortgages, 2502–0059 will be affected
in the final transformation phase.
MISMO is a not-for-profit subsidiary
of the Mortgage Bankers Association
(MBA). MISMO’s mission is to develop
leading technical standards for
residential and commercial real estate
finance industries that are grounded in
an open process to develop, promote
and maintain voluntary electronic
commerce procedures. The benefits of
converting data to the MISMO format
include:
• Improving data accuracy and
consistency
• Allowing for secure and efficient
exchange of information
VerDate Mar<15>2010
19:28 Jul 02, 2013
Jkt 229001
• Increasing data transparency
• Boosting investor confidence in
mortgages
All major lenders and GSEs have
already adopted MISMO standards.
FHA’s transformation to the MISMO
data standards will ensure consistency
in the delivery of data from the lenders
and GSE’s.
The data elements that are being
mapped to MISMO as part of the FHA
Transformation Program, can be
categorized under the three following
phases; Loan Application, Loan
Evaluation, and Loan Closing. The Loan
Application and Loan Evaluation phase
elements are contained in the 2502–
0556 and 2502–0059 OMB data
collections. The Loan Closing phase
elements are contained in the 2502–
0059 OMB data collection.
The first release for the TOTAL
Scorecard conversion to MISMO will
include all existing TOTAL data fields
plus some additional fields that will be
utilized by a Risk & Fraud tool that is
currently being tested. These additional
fields are industry standard and are part
of a standard lender’s loan application.
The data elements in the first release
can be categorized under two of the
phases mentioned above. The data
elements that are currently being
collected in the TOTAL Scorecard are
part of the Loan Application Phase. The
data elements that will be collected
through the Risk & Fraud tool are part
of the Loan Evaluation Phase.
• Phase Definitions below:
Æ Loan Application (Currently
collected through the 2502–0556 &
2502–0059 OMB data collections)—
Collected by the lenders as part of the
application process.
D TOTAL data elements
D Additional 1003 data elements
D Credit Report data elements
Æ Loan Evaluation (Currently
collected through the 2502—0556 &
2502—0059 OMB data collections)—
Collected by the lender and used for
scoring, loan underwriting and
additional risk & fraud evaluation.
D Risk & Fraud Tool data elements
Æ Loan Closing (Currently collected
through the 2502—0059 OMB data
collection)—Collected by the lender at
loan closing and used to evaluate
whether a loan is endorsed or not by
FHA.
D Endorsement data elements
D eCase Binder data elements
Respondents (describe): Business or
other for-profit.
Estimated Number of Respondents:
12,000.
Estimated Number of Responses: 452.
Frequency of Response: On Occasion.
PO 00000
Frm 00005
Fmt 4701
Sfmt 4703
40313
Average Hours per Response: 464.
Total Estimated Burdens: 908.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) 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) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to 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.
HUD encourages interested parties to
submit comment in response to these
questions.
C. Authority
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: June 27, 2013.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2013–15996 Filed 7–2–13; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5683–N–59]
30-Day Notice of Proposed Information
Collection: Monthly Report of Excess
Income and Annual Report of Uses of
Excess Income
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD has submitted the
proposed information collection
requirement described below to the
Office of Management and Budget
(OMB) for review, in accordance with
the Paperwork Reduction Act. The
purpose of this notice is to allow for an
additional 30 days of public comment.
DATES: Comments Due Date: August 2,
2013.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
SUMMARY:
E:\FR\FM\03JYN2.SGM
03JYN2
]]>Agencies
[Federal Register Volume 78, Number 128 (Wednesday, July 3, 2013)]
[Notices]
[Pages 40312-40313]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15996]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5683-N-58]
30-Day Notice of Proposed Information Collection: FHA TOTAL
(Technology Open to Approved Lenders) Mortgage Scorecard
AGENCY: Office of the Chief Information Officer, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD has submitted the proposed information collection
requirement described below to the Office of Management and Budget
(OMB) for review, in accordance with the Paperwork Reduction Act. The
purpose of this notice is to allow for an additional 30 days of public
comment.
DATES: Comments Due Date: August 2, 2013.
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: Brenda Boldridge, U.S. Department
of Housing and Urban Development, 451 7th Street SW., Washington, DC
20410; fax: 202-708-XXXX. Email: Brenda.K.Boldridge@hud.gov.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, QDAM, Department of Housing and Urban Development, 451 7th
Street SW., Washington, DC 20410; email Colette Pollard at
Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing
or speech impairments may access this number through TTY by calling the
toll-free Federal Relay Service at (800) 877-8339. 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 HUD has
submitted to OMB a request for approval of the information collection
described in Section A. The Federal Register notice that solicited
public comment on the information collection
[[Page 40313]]
for a period of 60 days was published on April 24, 2013.
A. Overview of Information Collection
Title of Information Collection: FHA TOTAL (Technology Open to
Approved Lenders) Mortgage Scorecard.
OMB Approval Number: 2502-0556.
Type of Request: Revision.
Form Number: None.
Description of the need for the information and proposed use: The
regulation mandating this collection can be found in the Code of
Federal Regulations at 24 CFR 203.255(b)(5). This information is
necessary to assure that lenders (and automated underwriting system
(AUS) vendors) are aware of their obligations regarding use of the
TOTAL Mortgage Scorecard and are certifying that they will comply with
all pertinent regulations. It also allows FHA to request reports from
lenders regarding their use of the scorecard, that they have
implemented appropriate quality control procedures for using the
scorecard, and provides an appeal mechanism should FHA take an action
to terminate a lender's use of the scorecard.
In order to serve its clients better, HUD has made the following
non material changes: As part of the FHA Transformation Program, Single
Family Housing is moving the TOTAL Scorecard to the Mortgage Industry
Standard Maintenance Organization (MISMO) data standards format. The
data elements are currently used throughout the industry and are
therefore listed as industry standard business practice. The attached
document outlines the benefits of converting the data and the mapping
phases.
Both FHA Total Scorecard, 2502-0556 and Informed Consumer Choice
Notice and Application for FHA Insured Mortgages, 2502-0059 will be
affected in the two initial transformation phases and Informed Consumer
Choice Notice and Application for FHA Insured Mortgages, 2502-0059 will
be affected in the final transformation phase.
MISMO is a not-for-profit subsidiary of the Mortgage Bankers
Association (MBA). MISMO's mission is to develop leading technical
standards for residential and commercial real estate finance industries
that are grounded in an open process to develop, promote and maintain
voluntary electronic commerce procedures. The benefits of converting
data to the MISMO format include:
Improving data accuracy and consistency
Allowing for secure and efficient exchange of information
Increasing data transparency
Boosting investor confidence in mortgages
All major lenders and GSEs have already adopted MISMO standards.
FHA's transformation to the MISMO data standards will ensure
consistency in the delivery of data from the lenders and GSE's.
The data elements that are being mapped to MISMO as part of the FHA
Transformation Program, can be categorized under the three following
phases; Loan Application, Loan Evaluation, and Loan Closing. The Loan
Application and Loan Evaluation phase elements are contained in the
2502-0556 and 2502-0059 OMB data collections. The Loan Closing phase
elements are contained in the 2502-0059 OMB data collection.
The first release for the TOTAL Scorecard conversion to MISMO will
include all existing TOTAL data fields plus some additional fields that
will be utilized by a Risk & Fraud tool that is currently being tested.
These additional fields are industry standard and are part of a
standard lender's loan application. The data elements in the first
release can be categorized under two of the phases mentioned above. The
data elements that are currently being collected in the TOTAL Scorecard
are part of the Loan Application Phase. The data elements that will be
collected through the Risk & Fraud tool are part of the Loan Evaluation
Phase.
Phase Definitions below:
[cir] Loan Application (Currently collected through the 2502-0556 &
2502-0059 OMB data collections)--Collected by the lenders as part of
the application process.
[ssquf] TOTAL data elements
[ssquf] Additional 1003 data elements
[ssquf] Credit Report data elements
[cir] Loan Evaluation (Currently collected through the 2502--0556 &
2502--0059 OMB data collections)--Collected by the lender and used for
scoring, loan underwriting and additional risk & fraud evaluation.
[ssquf] Risk & Fraud Tool data elements
[cir] Loan Closing (Currently collected through the 2502--0059 OMB
data collection)--Collected by the lender at loan closing and used to
evaluate whether a loan is endorsed or not by FHA.
[ssquf] Endorsement data elements
[ssquf] eCase Binder data elements
Respondents (describe): Business or other for-profit.
Estimated Number of Respondents: 12,000.
Estimated Number of Responses: 452.
Frequency of Response: On Occasion.
Average Hours per Response: 464.
Total Estimated Burdens: 908.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of information described in
Section A on the following:
(1) 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) The accuracy of the agency's estimate of the burden of the
proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(4) Ways to 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.
HUD encourages interested parties to submit comment in response to
these questions.
C. Authority
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35.
Dated: June 27, 2013.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information
Officer.
[FR Doc. 2013-15996 Filed 7-2-13; 8:45 am]
BILLING CODE 4210-67-P
