30-Day Notice of Proposed Information Collection: Mortgage Credit Analysis for Loan Guarantee Program

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-29]

30-Day Notice of Proposed Information Collection: Mortgage Credit Analysis for Loan Guarantee Program

AGENCY:

Office of the Chief Information Officer, HUD.

ACTION:

Notice.

SUMMARY:

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:

April 24, 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 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 January 17, 2014.

A. Overview of Information Collection

Title of Information Collection:

Mortgage Credit Analysis for Loan Guarantee Program.

OMB Approval Number:

2577-0200.

Type of Request:

Revision of a currently approved collection.

Form Number:

HUD-50127, HUD-50132

Description of the need for the information and proposed use:

The information collected from lenders is used to determine a borrower's credit worthiness and ability to pay for a home loan as well as to ensure that lenders comply with the program requirements.

Respondents

(i.e. affected public): 6,750.

Estimated Number of Respondents:

600.

Estimated Number of Responses:

6,750.

Frequency of Response:

1.

Average Hours per Response:

33 hours.

Total Estimated Burdens:

Information collection

Number of

respondents

Frequency

of response

Responses

per annum

Burden hour

per

response

Annual

burden hours

Hourly

cost

per

response

Annual cost

Mortgage Credit Analysis Worksheet

250

1

2750

.50

1375

$25

$34,375

Rider For Section 184-Tribal Trust

50

1

500

.50

250

18

4500

Firm Commitment Submission Checklist

250

1

3000

.15

450

18

8100

Checklist for Proposed Transactions Less Than 1 Year Old

50

1

500

.15

75

18

1350

Total

600

6750

2150

48,325

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. Chapters 35.

Dated:

March 20, 2014.

Colette Pollard,

Department Reports Management Officer, Office of the Chief Information Officer.

[FR Doc. 2014-06561 Filed 3-24-14; 8:45 am]

BILLING CODE 4210-67-P