[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53103-53104]
From the Federal Register Online via the Government Publishing 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 [email protected].
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