HUD shall re-submit this package within one year, in order to account for changes related to recent FHA mortgagee letters and notices.
Inventory as of this Action
Requested
Previously Approved
02/28/2014
36 Months From Approved
02/28/2013
74,726,967
0
34,497,153
2,644,446
0
1,500,234
0
0
0
This information collection involves mortgage loan servicers, "mortgagees" that service Federal Housing Administration "FHA" insured mortgage loans and the home owners, "mortgagors" who are involved with those activities. The information collection request for OMB review seeks to combine the requirements of an existing OMB collection under this collection.
The increased burden is due to the combined functions and information collection of currently approved collections. Also, it is based on the activity involving mortgage loan servicing of current, delinquent, defaulted, and foreclosed mortgage loans. Due to conditions in the banking industry, particularly acquisitions and mergers, the number of respondents servicing these mortgages has significantly decreased. As properties are sold or refinanced, and the mortgages retired, the number of mortgages on which the respondents report has also decreased but there has been an increase in loan activity which accounts for the significant increase in the number of responses.
$189,050
No
Yes
No
No
No
Uncollected
Robert Juenger 202 708-1672
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.
Form HUD-300 FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans
IPA Doc 2502-0583.doc
FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans