60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders, 10820-10821 [2014-04198]

Download as PDF 10820 Federal Register / Vol. 79, No. 38 / Wednesday, February 26, 2014 / Notices Information collection Number of respondents Capacity—Partner Organization Chart ....... Capacity—Local government .................... Capacity—Partnership commitments documentation .................. Total ...................... Frequency of response Hourly cost per response Annual cost 1 3 900 40 36,000 300 1 1 3 900 40 36,000 300 1 1 10 3000 40 120,000 300 1 1 60 18000 40 720,000 Dated: February 19, 2014. Merrie Nichols-Dixon, Deputy Director, Office of Policy, Programs and Legislative Initiatives. [FR Doc. 2014–04200 Filed 2–25–14; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5756–N–05] 60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: tkelley on DSK3SPTVN1PROD with NOTICES Annual burden hours 1 Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35. HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the SUMMARY: 17:24 Feb 25, 2014 Burden hour per response 300 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. VerDate Mar<15>2010 Responses per annum Jkt 232001 Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment. DATES: Comments Due Date: April 28, 2014. 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: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Room 4176, Washington, DC 20410–5000; telephone 202–402–3400 (this is not a toll-free number) or email at Colette.Pollard@hud.gov for a copy of the proposed forms or other available information. Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Relay Service at (800) 877– 8339. FOR FURTHER INFORMATION CONTACT: Justin D. Burch, Director, Quality Assurance Division, Office of Lender Activities and Program Compliance, Department of Housing and Urban Development, 451 7th Street SW., Room B133–P3214, Washington, DC 20410, telephone 202–708–1515 (this is not a toll-free number). Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Relay Service at (800) 877– 8339. Copies of available documents submitted to OMB may be obtained from Mr. Burch. SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A. ADDRESSES: A. Overview of Information Collection Title of Information Collection: Quality Control Requirements for Direct Endorsement Lenders. OMB Approval Number: 2502–0600. Type of Request: Extension of a currently approved collection. PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 Form Number: N/A. Description of the need for the information and proposed use: Under 24 CFR 202.8(3), Direct Endorsement (DE) lenders which sponsor third-party originators (TPOs) are responsible to the Secretary for the actions of TPOs or mortgagees in originating loans or mortgages, unless applicable law or regulation requires specific knowledge on the part of the party to be held responsible. As a result, DE lenders are responsible for conducting quality control on TPO originations of FHAinsured mortgage loans, and ensuring that their quality control plans contain appropriate oversight provisions. This creates an information collection burden on DE lenders, since these institutions must conduct quality control on all loans they originate and underwrite. In addition, under 24 CFR 203.255(c) and (e), HUD conducts both pre- and postendorsement reviews of loans submitted for FHA insurance by DE lenders. As part of those reviews, the Secretary is authorized to determine if there is any information indicating that any certification or required document is false, misleading, or constitutes fraud or misrepresentation on the part of any party, or that the mortgage fails to meet a statutory or regulatory requirement. In order to assist the Secretary with this directive, FHA requires that lenders self-report all findings of fraud and material misrepresentation, as well any material findings concerning the origination, underwriting, or servicing of the loan that the lender is unable to mitigate or otherwise resolve. The obligation to self-report these findings creates an additional information collection burden on DE lenders. In accordance with the requirements of 5 CFR 1320.8(d), a Notice soliciting comments on this collection of information was initially published in the Federal Register on December 21, 2010 (Volume 75, Number 244, page 80066). At that time, FHA still allowed for loan correspondents to participate in its programs and had not yet transitioned to the use of TPOs. Therefore, FHA estimated information E:\FR\FM\26FEN1.SGM 26FEN1 Federal Register / Vol. 79, No. 38 / Wednesday, February 26, 2014 / Notices collection burdens based on the expected used of TPOs by DE lenders. Three years later, FHA has revised these estimates with real data, which has substantially reduced the information collection burden associated with OMB Control Number 2502–0600. Respondents: Business or other forprofit Estimated Number of Respondents: 1,831. Estimated Number of Responses: 135,682. Frequency of Response: Annually. Average Hours per Response: .52. Total Estimated Burdens: 71,017. 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. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. Form/document Number of respondents Dated: February 20, 2014. Laura M. Marin, Associate General Deputy Assistant Secretary for Housing-Associate Deputy Federal Housing Commissioner. [FR Doc. 2014–04198 Filed 2–25–14; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5752–N–23] 30-Day Notice of Proposed Information Collection: Capital Fund Community and Education Training Facilities 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: March 28, 2014. 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: 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 SUMMARY: Total responses Frequency Hours per response 19 19 19 1 1 1 19 19 19 ........................ ........................ 19 A. Overview of Information Collection Title of Information Collection: Capital Fund Community and Education Training Facilities. OMB Approval Number: 2577–0268. Type of Request: Revision of a currently approved collection. Form Number: HUD–27061, HUD– 50075.1. Description of the need for the information and proposed use: The Department of Housing and Urban Development awarded grant funds to 19 Public Housing Authorities (PHAs) in 2010 and 2011 for the development of facilities to provide early childhood education, adult education, and/or job training programs for public housing residents based on an identified need. These facilities will offer comprehensive, integrated supportive services to help public housing residents achieve better educational and economic outcomes resulting in longterm economic self-sufficiency. This collection of information will enable HUD to determine if the PHAs are making efficient use of the funds awarded. Respondents (i.e. affected public): Individuals or households, State, Local, or Tribal Government. Estimated Annual Reporting and Recordkeeping Burden: Total hours .5 0.25 0.25 Totals ................ 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 December 18, 2013. 1.00 Cost per hour Total cost 1 tkelley on DSK3SPTVN1PROD with NOTICES Two-page summary of development activity ......... 2 HUD–27061 ........ 3 HUD–50075.1 ..... 10821 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: VerDate Mar<15>2010 18:48 Feb 25, 2014 Jkt 232001 (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 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 9.5 4.75 4.75 19 $40.58 40.58 40.58 $385.50 192.75 192.75 ........................ 771.00 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 E:\FR\FM\26FEN1.SGM 26FEN1

Agencies

[Federal Register Volume 79, Number 38 (Wednesday, February 26, 2014)]
[Notices]
[Pages 10820-10821]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04198]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5756-N-05]


60-Day Notice of Proposed Information Collection: Quality Control 
Requirements for Direct Endorsement Lenders

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

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: April 28, 2014.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
Colette.Pollard@hud.gov for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Justin D. Burch, Director, Quality 
Assurance Division, Office of Lender Activities and Program Compliance, 
Department of Housing and Urban Development, 451 7th Street SW., Room 
B133-P3214, Washington, DC 20410, telephone 202-708-1515 (this is not a 
toll-free number). Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339. Copies of available documents submitted to 
OMB may be obtained from Mr. Burch.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Quality Control Requirements for 
Direct Endorsement Lenders.
    OMB Approval Number: 2502-0600.
    Type of Request: Extension of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: Under 
24 CFR 202.8(3), Direct Endorsement (DE) lenders which sponsor third-
party originators (TPOs) are responsible to the Secretary for the 
actions of TPOs or mortgagees in originating loans or mortgages, unless 
applicable law or regulation requires specific knowledge on the part of 
the party to be held responsible. As a result, DE lenders are 
responsible for conducting quality control on TPO originations of FHA-
insured mortgage loans, and ensuring that their quality control plans 
contain appropriate oversight provisions. This creates an information 
collection burden on DE lenders, since these institutions must conduct 
quality control on all loans they originate and underwrite. In 
addition, under 24 CFR 203.255(c) and (e), HUD conducts both pre- and 
post-endorsement reviews of loans submitted for FHA insurance by DE 
lenders. As part of those reviews, the Secretary is authorized to 
determine if there is any information indicating that any certification 
or required document is false, misleading, or constitutes fraud or 
misrepresentation on the part of any party, or that the mortgage fails 
to meet a statutory or regulatory requirement. In order to assist the 
Secretary with this directive, FHA requires that lenders self-report 
all findings of fraud and material misrepresentation, as well any 
material findings concerning the origination, underwriting, or 
servicing of the loan that the lender is unable to mitigate or 
otherwise resolve. The obligation to self-report these findings creates 
an additional information collection burden on DE lenders.
    In accordance with the requirements of 5 CFR 1320.8(d), a Notice 
soliciting comments on this collection of information was initially 
published in the Federal Register on December 21, 2010 (Volume 75, 
Number 244, page 80066). At that time, FHA still allowed for loan 
correspondents to participate in its programs and had not yet 
transitioned to the use of TPOs. Therefore, FHA estimated information

[[Page 10821]]

collection burdens based on the expected used of TPOs by DE lenders. 
Three years later, FHA has revised these estimates with real data, 
which has substantially reduced the information collection burden 
associated with OMB Control Number 2502-0600.
    Respondents: Business or other for-profit
    Estimated Number of Respondents: 1,831.
    Estimated Number of Responses: 135,682.
    Frequency of Response: Annually.
    Average Hours per Response: .52.
    Total Estimated Burdens: 71,017.

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.

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

    Dated: February 20, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2014-04198 Filed 2-25-14; 8:45 am]
BILLING CODE 4210-67-P