60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders, OMB Control No.: 2502-0600, 48491-48492 [2023-15819]
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Federal Register / Vol. 88, No. 143 / Thursday, July 27, 2023 / Notices
Total Estimated Burdens: 737,367.
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. (5) ways to
minimize the burden of the collection of
information on those who are to
respond, including the use of automated
collection techniques or other forms of
information technology.
HUD encourages interested parties to
submit comment in response to these
questions.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Colette Pollard,
Department Reports Management Officer
Office of Policy Development and Research,
Chief Data Officer.
[FR Doc. 2023–15938 Filed 7–26–23; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7071–N–15]
60-Day Notice of Proposed Information
Collection: Quality Control
Requirements for Direct Endorsement
Lenders, OMB Control No.: 2502–0600
Office of the Assistant
Secretary for Housing- Federal Housing
Commissioner, HUD.
ACTION: Notice.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
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
SUMMARY:
VerDate Sep<11>2014
17:21 Jul 26, 2023
Jkt 259001
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: September
25, 2023.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal.
Written comments and
recommendations for the proposed
information collection can be sent
within 60 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 60-day Review—Open
for Public Comments’’ or by using the
search function. Interested persons are
also invited to submit comments
regarding this proposal by name and/or
OMB Control Number and can be sent
to: Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Room 8210, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at PaperworkReductionActOffice@
hud.gov. for a copy of the proposed
forms or other available information.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov, telephone 202–402–3400. This
is not a toll-free number. HUD
welcomes and is prepared to receive
calls from individuals who are deaf or
hard of hearing, as well as individuals
with speech or communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs. Copies of available
documents submitted to OMB may be
obtained from Ms. Pollard.
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
currently approved collection.
Form Number: Not Applicable.
Description of the need for the
information and proposed use: Per 24
PO 00000
Frm 00067
Fmt 4703
Sfmt 4703
48491
CFR 202.8(a)(3), a Direct Endorsement
(DE) lender that sponsors third party
originators (TPOs) is, ‘‘responsible to
the Secretary for the actions of its third
party originators 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 reviews on
TPO originations of FHA-insured
mortgage loans and ensuring that their
Quality Control Plans contain this
oversight provision. This creates an
information collection burden on DE
lenders, since these institutions must
also conduct quality control on loans
they originate and underwrite. DE
lenders must conduct quality control
reviews on a sample of loans that they
originate or underwrite, including loans
originated by TPOs. For the purposes of
this information collection, it is
assumed that the number of loans
reviewed by each DE lender will comply
with the Sample Size Standard and
Sample Composition Standard
described in HUD Handbook 4000.1,
section V.A.3.a.
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, per HUD
Handbook 4000.1, sections V.A.2.d. iv
(A) and V.A.2.d.iv (B). The obligation to
self-report these findings creates an
additional information collection
burden on DE lenders.
Respondents: Active Title II Direct
Endorsement Lenders.
Estimated Number of Respondents:
3,187.
Estimated Number of Responses:
67,710.
Frequency of Response: Annually.
Average Hours per Response: .25.
Total Estimated Burden Hours:
16,927.50.
E:\FR\FM\27JYN1.SGM
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48492
Federal Register / Vol. 88, No. 143 / Thursday, July 27, 2023 / Notices
Information collection
Number of
respondents
Quality control of Early
Payment Defaults
(EPDs) ......................
Quality control of loan
originations ...............
Quality control through
lender self-reports ....
Frequency of
response
Hourly cost
per response
Annual cost
38,038
.25
9,509.50
$53.22
$506,095.59
1,463
16
23,408
.25
5,852
53.22
311,443.44
261
24
6,264
.25
1,566
53.22
83,342.52
Jeffrey D. Little,
General Deputy Assistant Secretary for
Housing.
[FR Doc. 2023–15819 Filed 7–26–23; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–6413–N–01]
Preview of the FY 2023 Housing
Counseling Program Homeownership
Initiative; Notice of Funding
Opportunity
ddrumheller on DSK120RN23PROD with NOTICES1
Annual burden
hours
26
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
chapter 35.
Office of Housing Counseling,
Department of Housing and Urban
Development (HUD).
ACTION: Notice.
AGENCY:
Through this notice, HUD is
announcing the publication of a preview
of the Fiscal Year (FY) 2023
Homeownership Initiative Notice of
SUMMARY:
17:21 Jul 26, 2023
Burden hours
per response
1,463
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 Sep<11>2014
Responses
per annum
Jkt 259001
Funding Opportunity (NOFO) in
advance of publication on Grants.gov.
HUD is making this preview available to
allow interested applicants to review
the preview of the NOFO, submit
questions, and prepare applications.
HUD intends to publish the NOFO and
allow submission of applications in FY
2024.
FOR FURTHER INFORMATION CONTACT:
Melissa Noe, Housing Program
Specialist, Policy and Grant
Administration, Office of Housing
Counseling, Department of Housing and
Urban Development, 77 W Jackson
Blvd., Room 2301, Chicago, IL 60604;
telephone number 312–913–8648 (this
is not a toll-free number); email
housing.counseling@hud.gov. HUD
welcomes and is prepared to receive
calls from individuals who are deaf or
hard of hearing, as well as individuals
with speech or communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit: https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs.
SUPPLEMENTARY INFORMATION: HUD is
publishing a preview of the FY 2023
Homeownership Initiative NOFO to give
interested applicants time to prepare
their applications prior to the opening
of the application period. During this
preview, the FY 2023 Homeownership
Initiative NOFO Preview is available on
HUD’s website at the following URL:
https://www.hud.gov/grants.
This NOFO Preview is subject to
change. While HUD does not intend to
make substantive changes at this point,
applicants should consider the NOFO
published on Grants.gov to be the
official version.
HUD will not accept applications
during the preview period. However,
during this preview, interested
applicants may submit questions on the
NOFO Preview to the following email
address: housing.counseling@hud.gov,
using the email subject line: FY 2023
Homeownership Initiative NOFO.
Interested applicants may also conduct
the required registration activities for
the System for Award Management
(SAM), Unique Entity Identifier (UEI),
PO 00000
Frm 00068
Fmt 4703
Sfmt 4703
and Grants.gov (see Section IV.C. of the
NOFO Preview).
Interested applicants are strongly
encouraged to thoroughly review and
prepare for the NOFO, by carefully
examining the NOFO Preview, with
particular attention to the fixed amount
award submission requirements and
rating factor responses.
HUD anticipates that the FY 2023
Homeownership Initiative NOFO will
be published on Grants.gov in FY 2024.
The publication of the FY 2023
Homeownership Initiative NOFO on
Grants.gov will signal the opening of the
application period. The application
period will be open for 30 days.
Applications must be submitted through
Grants.gov.
HUD will not accept requests for a
waiver of electronic submission
requirements during the preview period.
Such requests may only be submitted
once the NOFO has been published on
Grants.gov (see Section IV.A. of the
NOFO Preview).
David Berenbaum,
Deputy Assistant Secretary for Housing
Counseling.
[FR Doc. 2023–15902 Filed 7–26–23; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[BLM_CO_FRN_MO4500172670]
Notice of Filing of Plats of Survey,
Colorado
Bureau of Land Management,
Interior.
ACTION: Notice of official filing.
AGENCY:
The plats of survey of the
following described lands are scheduled
to be officially filed in the Bureau of
Land Management (BLM), Colorado
State Office, Lakewood, Colorado, 30
calendar days from the date of this
publication. The surveys, which were
executed at the request of the U.S.
Forest Service, are necessary for the
management of these lands.
SUMMARY:
E:\FR\FM\27JYN1.SGM
27JYN1
]]>Agencies
[Federal Register Volume 88, Number 143 (Thursday, July 27, 2023)]
[Notices]
[Pages 48491-48492]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15819]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7071-N-15]
60-Day Notice of Proposed Information Collection: Quality Control
Requirements for Direct Endorsement Lenders, OMB Control No.: 2502-0600
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: September 25, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal.
Written comments and recommendations for the proposed information
collection can be sent within 60 days of publication of this notice to
www.reginfo.gov/public/do/PRAMain. Find this particular information
collection by selecting ``Currently under 60-day Review--Open for
Public Comments'' or by using the search function. Interested persons
are also invited to submit comments regarding this proposal by name
and/or OMB Control Number and can be sent to: Colette Pollard, Reports
Management Officer, REE, Department of Housing and Urban Development,
451 7th Street SW, Room 8210, Washington, DC 20410-5000; telephone 202-
402-3400 (this is not a toll-free number) or email at
[email protected]. for a copy of the proposed forms
or other available information.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Colette Pollard at
[email protected], telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from
individuals who are deaf or hard of hearing, as well as individuals
with speech or communication disabilities. To learn more about how to
make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs. Copies of
available documents submitted to OMB may be obtained from Ms. Pollard.
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 currently approved collection.
Form Number: Not Applicable.
Description of the need for the information and proposed use: Per
24 CFR 202.8(a)(3), a Direct Endorsement (DE) lender that sponsors
third party originators (TPOs) is, ``responsible to the Secretary for
the actions of its third party originators 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
reviews on TPO originations of FHA-insured mortgage loans and ensuring
that their Quality Control Plans contain this oversight provision. This
creates an information collection burden on DE lenders, since these
institutions must also conduct quality control on loans they originate
and underwrite. DE lenders must conduct quality control reviews on a
sample of loans that they originate or underwrite, including loans
originated by TPOs. For the purposes of this information collection, it
is assumed that the number of loans reviewed by each DE lender will
comply with the Sample Size Standard and Sample Composition Standard
described in HUD Handbook 4000.1, section V.A.3.a.
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, per HUD Handbook 4000.1, sections V.A.2.d. iv (A)
and V.A.2.d.iv (B). The obligation to self-report these findings
creates an additional information collection burden on DE lenders.
Respondents: Active Title II Direct Endorsement Lenders.
Estimated Number of Respondents: 3,187.
Estimated Number of Responses: 67,710.
Frequency of Response: Annually.
Average Hours per Response: .25.
Total Estimated Burden Hours: 16,927.50.
[[Page 48492]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of Frequency of Responses per Burden hours Annual burden Hourly cost
Information collection respondents response annum per response hours per response Annual cost
--------------------------------------------------------------------------------------------------------------------------------------------------------
Quality control of Early Payment 1,463 26 38,038 .25 9,509.50 $53.22 $506,095.59
Defaults (EPDs)........................
Quality control of loan originations.... 1,463 16 23,408 .25 5,852 53.22 311,443.44
Quality control through lender self- 261 24 6,264 .25 1,566 53.22 83,342.52
reports................................
--------------------------------------------------------------------------------------------------------------------------------------------------------
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
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
chapter 35.
Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2023-15819 Filed 7-26-23; 8:45 am]
BILLING CODE 4210-67-P
