HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement

Forms and Documents

Document Name	Status
Form HUD 92001-E HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement Form and Instruction	Modified
83i 2502-0005 Revised 10-21-09.docx Supporting Statement A	2009-10-22

IC Document Collections

IC ID	Document Title	Status
26969	HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0005	ICR Reference No: 200910-2502-005
Status: Historical Active	Previous ICR Reference No: 200903-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/09/2009
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/18/2009
	Date Received in OIRA: 10/23/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2010	6 Months From Approved	05/31/2012
Responses	66,520	0	63,614
Time Burden (Hours)	45,015	0	43,547
Cost Burden (Dollars)	0	0	0

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Abstract: This information is required for approval of all FHA Title I lender and Title II mortgagees; issuers of Ginnie Mae mortgage- backed securities. Additional Information is then required of all FHA approved Title I lenders and Title II mortagees to (1) maintain their approval (annual Recertification); (2) add/delete branches; (3) pay additional fees to FHA for annual Recertfica- tion, new branches, and business conversions; (4) report business changes of lender or mortgagee including structure, addresses, and principal owners and officers; (5) report non-compliances detected by lender and mortgagee quality control plans; and .....

Emergency Justfication: September 23, 2009 Ross A. Rutledge OMB Desk Officer Office of Management and Budget New Executive Office Building Washington, DC 20503 Dear Mr. Rutledge: The Department is seeking emergency review of the Paperwork Reduction Act requirements contained in the " FHA Lender Approval, Annual Renewal, Periodic Updates and Required Reports from FHA Approved Lenders” (Request). The Notice of Paperwork Submission (copy enclosed), proposed for immediate Federal Register publication, explains the burden of the collection requirements and invites public comments on them. This is an emergency review of a revision to information collection 2502-0005 whose expiration date is 05/31/2012. In compliance with the requirements of 5 CFR 1320.13, this letter requests emergency processing within 14 days from the date of publication. This emergency processing is essential to implement statutory changes related to FHA approved lenders contained in Section 203 of the “Helping Families Save Their Homes Act of 2009” (Public Law 111-22) (the HFSH Act). The HFSH Act establishes: (1) additional ineligibility criteria for FHA-approved lenders and mortgagees including any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the applicant seeking FHA lender approval or any currently approved FHA lender; (2) new reporting requirements if individual employees of the lender are subject to any sanction or any other administrative action, including if there is a revocation of a State-issued mortgage loan originator license issued pursuant to the S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their business name as registered with FHA in all of their marketing materials. Thank you for your consideration and assistance. Sincerely, Ronald Y. Spraker, Acting General Deputy Assistant Secretary for Housing - Federal Housing Commissioner

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Authorizing Statute(s): US Code: 12 USC 1703 Name of Law: National Housing Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement	HUD 92001-LC, HUD 92001-b, HUD 92001-E, HUD 92001-F, HUD 92001-D, HUD 92001-A, HUD 92001-C	Application Fee for Title I ,   Application Fee for Title II ,   Application for Conversion of Existing FHA Lender ,   Application for FHA Loan Correspondent Approval ,   Application for FHA Lender Approval ,   Application for Registration of New Branch ,   Lender Self Reporting for Noncompliances On Title II Mortgagees

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ICR Summary of Burden

	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	66,520	63,614	0	2,906	0	0
Annual Time Burden (Hours)	45,015	43,547	0	1,468	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Approval of an emergency revision is being requested to implement statutory changes related to FHA approved lenders contained in Section 203 of the “Helping Families Save Their Homes Act of 2009” (Public Law 111-22) (the HFSH Act). The HFSH Act establishes: (1) additional ineligibility criteria for FHA-approved lenders and mortgagees including any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the applicant seeking FHA lender approval or any currently approved FHA lender; (2) new reporting requirements if individual employees of the lender are subject to any sanction or any other administrative action, including if there is a revocation of a State-issued mortgage loan originator license issued pursuant to the S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their business name as registered with FHA in all of their marketing materials.

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Annual Cost to Federal Government: $940,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/23/2009

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