Agency Information Collection Activities: Proposed Information Collection; Comment Request; Domestic First Lien Residential Mortgage Data, 53103-53104 [2014-21128]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53103-53104]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21128]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request; Domestic First Lien Residential Mortgage 
Data

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a new information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
    Under the PRA, Federal agencies are required to publish notice in 
the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, and to allow 60 days for public comment in 
response to the notice.
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning its proposed information 
collection titled, ``Domestic First Lien Residential Mortgage Data.''

DATES: You should submit written comments by: November 4, 2014.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557--NEW, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov. 
You may personally inspect and photocopy comments at the OCC, 400 7th 
Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling (202) 649-6700. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, 
(202) 874-5090, for persons who are deaf or hard of hearing, TTY, (202) 
649-5597, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting OMB approval for the 
following information collection:
    Title: Domestic First Lien Residential Mortgage Data.
    OMB Control Number: To be assigned by OMB.
    Description: Comprehensive mortgage data is vital to assessing and 
monitoring credit quality and loss mitigation activities in the 
residential mortgage market and the federal banking system. This data 
is important and necessary to support supervisory activities to ensure 
the safety and soundness of the federal banking system.
    This data collection would include monthly first lien real estate 
mortgage loan level-data and include origination and servicing 
information. The reported data items would include: loan number; loan, 
line and appraisal amounts; loan documentation information; loan-to-
value- and debt-to-income ratios; bankruptcy or foreclosure status; and 
other detailed loan information.
    Also, in order to match senior and junior lien residential 
mortgages on the same collateral, the OCC also would collect additional 
information on the residential mortgage loans reported in Domestic 
First Lien Residential Mortgage and the Domestic Residential Home 
Equity Lending datasets. This data would include: property and mailing 
address, census tract, liquidation status, and original lien position. 
By matching the senior and junior liens by property ID, the OCC would 
gain better insight into the level of risk of both credit types.
    Type of Review: Regular review.

[[Page 53104]]

    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 61.
    Estimated Annual Responses per Respondent: 12 per year.
    Estimated Burden per Response: 430.
    Estimated Total Annual Burden: 314,760 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments become a 
matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information shall have practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: August 18, 2014.
Stuart E. Feldstein,
Director, Legislative & Regulatory Activities Division.
[FR Doc. 2014-21128 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-33-P