HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
ICR 200903-2502-004 · OMB 2502-0005 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0005 can be found here:
HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
This information is required for approval of all FHA Title I lender and Title II mortgagees; issuers of Ginnie Mae mortgage- backed securities. Additional Information is then required of all FHA approved Title I lenders and Title II mortagees to (1) maintain their approval (annual Recertification); (2) add/delete branches; (3) pay additional fees to FHA for annual Recertfica- tion, new branches, and business conversions; (4) report business changes of lender or mortgagee including structure, addresses, and principal owners and officers; (5) report non-compliances detected by lender and mortgagee quality control plans; and .....
US Code:
12 USC 1703
Name of Law: National Housing Act
The adjustment reported in item 13 is due to an increase in the number of companies that wish to be a FHA approved lender and the increased use of the FHA loan programs. This is a revision of a currently approved collection. Applications by FHA approved lenders to be approved as Ginnie Mae issuers has been removed from this collection budget and is now covered by 2503-0033 using HUD form 11701. This was done because FHA is developing an online submission for FHA lender approval that will not be used by lenders wishing to obtain Ginnie Mae Approval.
$940,000
No
No
Uncollected
Uncollected
No
Uncollected
Maurice Gulledge 202 708-7400
No
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.