This information collection documents the native status of Hawaiian borrowers to meet statutory requirements of the single-family mortgage insurance program for Hawaiian Homelands and to assist borrowers in resolving defaults.
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US Code: 12 USC 1709 Name of Law: Insurance of Mortgages
US Code: 12 USC 1715z-12 Name of Law: Single Family Mortgage Insurance on Hawaiian Home Lands
The number of respondents has decreased as lenders have gone out of business in the current mortgage environment, and the number of HHL loans originated over the past few years has declined. Notices of default have increased to 290 from the previous submission of 108 as more homeowners experience financial difficulties and the portfolio of mortgages has grown.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.