OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs

ICR 201904-2502-003 · OMB 2502-0589 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD 90045 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form and Instruction Modified Available
30 day 2502-0589.pdf Supplementary Document Uploaded 2019-12-26 Available
Supporting Statement A (2).docx Supporting Statement A Uploaded 2019-09-30 Available
2502-0589 PTA-2 .docx Supplementary Document Uploaded 2019-09-27 Available
2502-0589 Laws & Regs.zipx Supplementary Document Uploaded 2019-09-27 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
191451 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form and Instruction Modified
ICR Details
2502-0589 201904-2502-003
Active 201510-2502-007
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 08/05/2020
Retrieve Notice of Action (NOA) 12/26/2019
  Inventory as of this Action Requested Previously Approved
08/31/2023 36 Months From Approved 08/31/2020
1,896,395 0 1,283,879
1,205,241 0 1,947,929
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
  84 FR 31614 07/02/2019
84 FR 67951 12/12/2019
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 1,896,395 1,283,879 0 0 612,516 0
Annual Time Burden (Hours) 1,205,241 1,947,929 0 0 -742,688 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is an extension of a currently approved collection. Economic conditions over the past few years have caused re-default rates on FHA-insured mortgage loans to practically remain the same, which also caused decreases in loss mitigation cases. This slight increase in market shares, the current environment appears to have stabilized and a decreased participation in FHA’s Loss Mitigation Program occurred.
$90,537
No
    No
    No
No
No
No
No
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.
12/26/2019