OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Application for HUD/FHA Insured Mortgage “Hope for Homeowners”

ICR 201012-2502-001 · OMB 2502-0579 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD 92900 Application for HUD/FHA Insured Mortgage “Hope for Homeowners” Form and Instruction Modified Repair queued
Emergency Letter 2502-0579.docx Supplementary Document Uploaded 2010-12-03 Repair queued
92900-H4H.pdf Supplementary Document Uploaded 2010-12-03 Repair queued
HUD-92918.pdf Supplementary Document Uploaded 2010-12-03 Available
92917-H4H.pdf Supplementary Document Uploaded 2010-12-03 Repair queued
92915-H4H.pdf Supplementary Document Uploaded 2010-12-03 Repair queued
EPM v3 10 14 2009 (2).doc Supplementary Document Uploaded 2010-12-02 Repair queued
2502-0579_Supporting_Statements_A_V4.docx Supporting Statement A Uploaded 2010-12-30 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
187611 Application for HUD/FHA Insured Mortgage “Hope for Homeowners” Form and Instruction Modified
ICR Details
2502-0579 201012-2502-001
Historical Active 200908-2502-004
HUD/OH
Application for HUD/FHA Insured Mortgage “Hope for Homeowners”
Revision of a currently approved collection   No
Emergency 12/17/2010
Approved with change 12/30/2010
Retrieve Notice of Action (NOA) 12/03/2010
  Inventory as of this Action Requested Previously Approved
06/30/2011 6 Months From Approved 11/30/2012
882,242 0 486,313
146,096 0 339,549
0 0 0
This information is collected on new mortgages offered by FHA approved mortgagees to mortgagors who are at risk of losing their homes to foreclosure. The new FHA insured mortgages refinance the borrowers existing mortgage at a significatnt writedown. Under the program the mortgagors share the newly created equity (Exit Premium) with FHA.
The emergency review is necessary because a borrower certification is required by Section 1481(d) of The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which was effective sixty days from enactment of the Act. Therefore all FHA Short Refinance loans for which case numbers were assigned on or after September 19, 2010, must contain the borrower certification. Additionally FHA Short Refinance is designed to address the urgent need for assistance to homeowners struggling in the face of unaffordable mortgages, declining values and difficult economic conditions, and is currently operational.
PL: Pub.L. 110 - 289 2654 Name of Law: Housing and Economic Recovery Act
   US Code: 12 USC 1701z-22 Name of Law: zfederal Housing Administration (FHA)
  
None
2580-AA00 Final or interim final rulemaking 73 FR 194 10/06/2008
75 FR 76749 12/09/2010
No
  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 882,242 486,313 0 395,929 0 0
Annual Time Burden (Hours) 146,096 339,549 0 -193,453 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
FHA has revised the burden estimates taking both the reduced participation and potential final year increase in consideration.
$11,375,777
No
No
No
Yes
No
Uncollected
Stephanie Schader 2027082121
  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.
12/03/2010