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Federal forms, ICRs, and supporting documents

Information Collection Request

FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs

ICR 201209-2502-002 · OMB 2502-0589 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 9539 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form Modified Repair queued
FR-2502-0589.pdf Supplementary Document Uploaded 2013-03-07 Available
Supporting Statement A 2502-0589.doc Supporting Statement A Uploaded 2013-05-02 Available
2502-0589 Laws & Regs.zipx Supplementary Document Uploaded 2013-02-11 Available
IC Document Collections
IC IDCollectionTypeStatusForm
191451 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form Modified
ICR Details
2502-0589 201209-2502-002
Historical Active 200912-2502-001
HUD/OH
FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs
Extension without change of a currently approved collection   No
Regular
Approved with change 05/07/2013
Retrieve Notice of Action (NOA) 03/07/2013
  Inventory as of this Action Requested Previously Approved
05/31/2016 36 Months From Approved 05/31/2013
1,169,033 0 508,883
1,520,216 0 777,494
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 several existing OMB collections under one collection; they are as follows OMB collections 2502-0301, 0464 and 0523.
US Code: 12 USC 1701 et seq. Name of Law: National Housing Act
  
None
Not associated with rulemaking
  77 FR 65011 10/24/2012
78 FR 14325 03/05/2013
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 1,169,033 508,883 0 0 660,150 0
Annual Time Burden (Hours) 1,520,216 777,494 0 0 742,722 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The economic conditions over the past few years has caused re-default rates on FHA-insured loans to increase, which also caused an increase in loss mitigation cases. Since the private sector has tightened their lending requirements on conventional loans, the FHA-insured mortgage loan portfolio has grown from 5.2 million in 2009 to 7.7 in 2012, approximately a 68 percent increase. The FHA market is still increasing thus causing an increased participation in FHA's Loss Mitigation Program. This has resulted in the increase in respondents, responses and burden hours.
$66,625
No
No
No
No
No
Uncollected
Angela Graham 202 402-3745
  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.
03/07/2013