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