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 new information request for OMB review seeks to combine a couple of existing OMB collections under one comprehensive collection for mortgagees that service FHA-insured mortgage loans and the mortgagors who are the home owners.
US Code:
12 USC 1703
Name of Law: The National Housing Act
The current delinquency environment activity results in overall decreases associated with responses and annual burden hours. Form HUD-92068-A paper version is obsolete and no longer needed because HUD requires mortgagees to report the delinquency electronically to HUD via SFDMS. Form HUD-92070 is revised to reflect the current reference to the SCRA now found at 50 U.S.C. §§ 3901-4043
$26,908,485
No
No
No
No
No
No
Uncollected
Venida Brown 202 708-0614 ext. 2456
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.
2502-0584 Supporting Statement A4.docx
60 day Notice.pdf
Insured Mortgage Loan Servicing of Delinquent, Default and Foreclosure with Service Members Act