[Federal Register Volume 79, Number 170 (Wednesday, September 3, 2014)]
[Notices]
[Pages 52352-52353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-20946]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5756-N-34]
60-Day Notice of Proposed Information Collection: Application for
FHA Insured Mortgages
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, 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 60 days of public comment.
DATES: Comments Due Date: November 3, 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: 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 [email protected] 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: Patricia McClung, Office of Single
Family Program Development, Department of Housing and Urban
Development, 451 7th Street SW., Washington, DC 204 402-4378. 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
Colette 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: Emergency Homeownership Loan
Program--Data Requirements.
OMB Approval Number: 2502-0597.
Type of Request: Extension.
Form Number: HUD-96020, HUD-96021a, HUD-96021b, HUD-96022, HUD-
96023a, HUD-96023b, HUD-96024, HUD-96023, HUD-96025a, HUD-96025b, HUD-
96026.
Description of the need for the information and proposed use: This
information collection is necessary to determine applicant eligibility
to receive mortgage relief assistance under the Emergency Homeowners'
Loan Program. This Notice informs the public that the U.S. Department
of Housing and Urban Development (HUD) has submitted to OMB, an
information collection package with respect to implementing the
Emergency Homeowners' Loan Program targeted to borrowers facing
foreclosure.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010
(Pub. L. 111-203, approved July 21, 2010, Sec 1496) appropriated
$1billion to HUD to establish an Emergency Homeowner's Relief Fund,
pursuant to section 107 of the Emergency Housing Act of 1975, that will
provide emergency mortgage assistance to homeowners that are at risk of
foreclosure due to involuntary unemployment or underemployment due to
an adverse economic or medical condition. Accordingly, HUD is
implementing the Emergency Homeowners Loan Program (EHLP) that is
designed to offer a declining balance, deferred payment ``bridge loan''
(non-recourse, subordinate loan with zero interest) for up to $50,000
to assist eligible homeowners with payments of arrearages, including
delinquent taxes and insurance. Additionally, EHLP may be used to
assist eligible homeowners with up to 24 months of monthly payments on
their mortgage principal, interest, mortgage insurance premiums, taxes,
and hazard insurance. Assistance will not exceed $50,000 per eligible
homeowner.
HUD will use two approaches to implement EHLP: (1) Provide
allocations to States that currently have substantially similar
programs to administer their mortgage relief funds directly; and (2)
delegate key administrative functions to third party entities that will
assist HUD with program implementation. The third party entities will
be primarily
[[Page 52353]]
responsible for application intake, eligibility screening, funds
control, payment distribution, and note processing.
Homeowners'(borrowers') participation in the program is voluntary.
However, to help determine eligibility for assistance borrowers must
submit the required application information and loan documentation to
demonstrate that they meet program eligibility guidelines to receive
mortgage relief assistance through EHLP.
Respondents : Application for benefits.
Estimated Number of Respondents: 36,264.
Estimated Number of Responses: 244,520.
Frequency of Response: Annually.
Average Hours per Response: 3.
Total Estimated Burdens: 229,304.
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: August 26, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing-Associate
Deputy Federal Housing Commissioner.
[FR Doc. 2014-20946 Filed 9-2-14; 8:45 am]
BILLING CODE 4210-67-P