Housing Finance Agency Risk-Sharing Program

OMB Control No: 2502-0500	ICR Reference No: 201004-2502-003
Status: Historical Active	Previous ICR Reference No: 200003-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Housing Finance Agency Risk-Sharing Program
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/19/2010
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/28/2010
Terms of Clearance: OMB notes that this collection was in violation of the PRA during the period between 4/1/2000 and the date of this approval.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2013	36 Months From Approved
Responses	14,808	0	0
Time Burden (Hours)	29,619	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: HUD insures mortgage underwritten and serviced by Housing Finance Agencies (HFAs). This information is needed on the projects to insure the mortgages meet statutory requirements and monitor their stability.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 72502	11/28/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 16821	04/02/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name Housing Finance Agency Risk-Sharing Program HUD-94195, HUD-94196, HUD-94192, HUD-94194, HUD-94193 Excess Funds from Redemption of Bonds ,   Mortgagee's Report of Net Sales Proceeds Schedule F Risk-Sharing ,   Mortgagee's Application for Initial Claim Payment ,   Application for Benefits and Fiscal Data in Support of Final Claim Settlement ,   Certification for Sale by Competitive Bid

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	14,808	0	0	14,478	0	330
Annual Time Burden (Hours)	29,619	0	0	22,030	0	7,589
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in the burden estimate from the previous OMB submission is due primarily to an increase in the number of projects insured and the conversion of the pilot program to a permanent multifamily insurance program, plus inclusion of HUD monitoring and the claims/termination of insurance process. The information collection was erroneously cancelled based on the number of applications from Housing Finance Agencies seeking to participate in the Risk-Sharing Program (less than 10 annually) and not the ongoing program requirements of those HFAs currently approved to participate in the Program, which includes but not limited to, the number of mortgage insurance applications processed and monitoring requirements.

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Annual Cost to Federal Government: $197,784

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Carmelita James 202 708-1142 ext. 2579

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 07/28/2010

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