30-Day Notice of Proposed Information Collection: Monthly Report of Excess Income and Annual Report of Uses of Excess Income, 40313-40314 [2013-15997]
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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
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19:28 Jul 02, 2013
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• 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.
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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:
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40314
Federal Register / Vol. 78, No. 128 / Wednesday, July 3, 2013 / Notices
the proposal by name and/or OMB
Control Number 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.
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 for a period of 60
days was published on March 27, 2013.
tkelley on DSK3SPTVN1PROD with NOTICES2
A. Overview of Information Collection
Title of Information Collection:
Monthly Report of Excess Income and
Annual Report of Uses of Excess
Income.
OMB Approval Number: 2502–0086.
Type of Request: Extension.
Form Number: None.
Description of the need for the
information and proposed use: Project
owners are permitted to retain Excess
Income for projects under terms and
conditions established by HUD. Owners
must submit a written request to retain
some or all of their Excess Income. The
request must be submitted at least 90
days before the beginning of each fiscal
year, or 90 days before any other time
during a fiscal year that the owner plans
to begin retaining excess income for that
fiscal year. HUD uses the information to
ensure that required excess rents are
remitted to the Department and/or
retained by the owner for project use.
Respondents: Business and other for
profit.
Estimated Number of Respondents:
834.
Estimated Number of Responses:
10842.
Frequency of Response: Annually.
Average Hours per Response: Threequarters of an hour for the annual report
of uses of excess income, and onequarter hour for the monthly report of
excess income.
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19:28 Jul 02, 2013
Jkt 229001
Total Estimated Burdens: 3,128.
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
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.
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
for a period of 60 days was published
on September 10, 2012.
A. Overview of Information Collection
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. 2013–15997 Filed 7–2–13; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5683–N–60]
30-Day Notice of Proposed Information
Collection: Fair Housing Initiatives
Program Grant
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:
SUMMARY:
PO 00000
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Fmt 4701
Sfmt 4703
Title of Information Collection: Fair
Housing Initiatives Program Grant.
OMB Approval Number: 229–0033.
Type of Request: Extension of a
currently approved.
Form Number: 2880, SF LLL, HUD
27061, HUD 96010, HUD 904–A, HUD
904–B, HUD 904–C, HUD 27300, 424,
424CB, 424CBW.
Description of the need for the
information and proposed use: This is
an extension of a currently approved
information collection used to select
applicants for the Fair Housing
Initiatives Program (FHIP) grants under
a FHIP Notice of Funding Availability
(NOFA). These grants are to fund fair
housing enforcement and/or education
and outreach activities under the
following initiatives: Administrative
Enforcement; Private Enforcement,
Education and Outreach, and Fair
Housing Organizations. Additionally,
the information is collected to monitor
grants and grant funds.
Estimation of the total numbers of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: An estimation of
46,420 total hours is needed to prepare
the information collection. The number
of respondents is 400 with a frequency
response of 1 per annum, and the total
hours per respondent is 76.50 hours for
application development. There is an
estimated 104 agencies that will receive
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]]>Agencies
[Federal Register Volume 78, Number 128 (Wednesday, July 3, 2013)]
[Notices]
[Pages 40313-40314]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15997]
-----------------------------------------------------------------------
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
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
[[Page 40314]]
the proposal by name and/or OMB Control Number 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.
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 for a period of 60 days was published on March
27, 2013.
A. Overview of Information Collection
Title of Information Collection: Monthly Report of Excess Income
and Annual Report of Uses of Excess Income.
OMB Approval Number: 2502-0086.
Type of Request: Extension.
Form Number: None.
Description of the need for the information and proposed use:
Project owners are permitted to retain Excess Income for projects under
terms and conditions established by HUD. Owners must submit a written
request to retain some or all of their Excess Income. The request must
be submitted at least 90 days before the beginning of each fiscal year,
or 90 days before any other time during a fiscal year that the owner
plans to begin retaining excess income for that fiscal year. HUD uses
the information to ensure that required excess rents are remitted to
the Department and/or retained by the owner for project use.
Respondents: Business and other for profit.
Estimated Number of Respondents: 834.
Estimated Number of Responses: 10842.
Frequency of Response: Annually.
Average Hours per Response: Three-quarters of an hour for the
annual report of uses of excess income, and one-quarter hour for the
monthly report of excess income.
Total Estimated Burdens: 3,128.
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. 2013-15997 Filed 7-2-13; 8:45 am]
BILLING CODE 4210-67-P
