Notice2024-01000
30-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees, and 235 Loans, OMB Control No.: 2502-0583
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 19, 2024
Issuing agencies
Housing and Urban Development Department
Abstract
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 an additional 30 days of public comment.
Full Text
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<title>Federal Register, Volume 89 Issue 13 (Friday, January 19, 2024)</title>
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[Federal Register Volume 89, Number 13 (Friday, January 19, 2024)]
[Notices]
[Pages 3684-3685]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01000]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7080-N-04]
30-Day Notice of Proposed Information Collection: FHA-Insured
Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow
Administration, Customer Service, Servicing Fees, and 235 Loans, OMB
Control No.: 2502-0583
AGENCY: Office of Policy Development and Research, Chief Data Officer,
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 an additional 30 days of
public comment.
DATES: Comments Due Date: February 20, 2024.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested
persons are also invited to submit comments regarding this proposal and
comments should refer to the proposal by name and/or OMB Control Number
and should be sent to: Colette Pollard, Clearance Officer, REE,
Department of Housing and Urban Development, 451 7th Street SW, Room
8210, Washington, DC 20410-5000; email
<a href="/cdn-cgi/l/email-protection#683809180d1a1f071a033a0d0c1d0b1c010706290b1c270e0e010b0d28001d0c460f071e"><span class="__cf_email__" data-cfemail="5f0f3e2f3a2d28302d340d3a3b2a3c2b3630311e3c2b103939363c3a1f372a3b71383029">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email <a href="/cdn-cgi/l/email-protection#c685a9aaa3b2b2a3e896a9aaaaa7b4a286aeb3a2e8a1a9b0"><span class="__cf_email__" data-cfemail="0744686b627373622957686b6b667563476f726329606871">[email protected]</span></a> or
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: <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
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.
The Federal Register notice that solicited public comment on the
information collection for a period of 60 days was published on August
30, 2023 at 88 FR 59937.
A. Overview of Information Collection
Title of Information Collection: FHA-Insured Mortgage Loan
Servicing for Performing Loans; MIP Processing, Escrow Administration,
Customer Services, Servicing Fees, and 235 Loans.
OMB Approval Number: 2502-0583.
[[Page 3685]]
OMB Expiration Date: 1/31/2024.
Type of Request: Revision of currently approved collection.
Form Number: HUD-92210.01.
Description of the need for the information and proposed use: This
information request is a comprehensive collection for FHA-approved
Mortgagees that service FHA-insured mortgages and the Mortgagors
(borrowers) who are involved with collection and payment of mortgage
insurance premiums, payment processing, escrow account administration,
Section 235, and assumptions. The data and information provided are
essential for managing HUD's Single Family loan programs and other
systems of record. Mortgagees service FHA insured loans and have varied
sizes of loan portfolios. Information is routinely reported to HUD,
generally on a monthly basis through Electronic Data Interchange (EDI)
or HUD's online systems, FHA Connection and FHA Catalyst. The
information is used by HUD to administer MIP premium remittances,
analyze Mortgagees servicing performance and to update HUD's loan
records with any changes in borrower(s) or loan data.
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Total Total
Information collection Number of Frequency annual Hours per annual
respondents of response responses response hours
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FHA-Insured Mortgage Loan Servicing for 6,280 Monthly 66,245,946 0.005 333,950
Performing Loans; MIP Processing, Escrow
Administration, Customer Services, Servicing
Fees, and 235 Loans..........................
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Totals.................................... 6,280 ........... 66,245,946 ........... 333,950
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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. 2024-01000 Filed 1-18-24; 8:45 am]
BILLING CODE 4210-67-P
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