30-Day Notice of Proposed Information Collection: Monthly Report of Excess Income and Annual Report of Uses of Excess Income, 40313-40314 [2013-15997]

Download as PDF 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 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. VerDate Mar<15>2010 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 Frm 00006 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 E:\FR\FM\03JYN2.SGM 03JYN2

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]


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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