This request is
returned as improperly submitted. The agency should resubmit with
consistent paperwork burden estimates.
Inventory as of this Action
Requested
Previously Approved
08/31/2011
36 Months From Approved
11/30/2011
36,264
0
36,264
108,792
0
108,792
0
0
0
HUD is implementing a mortgage relief
program entitled the Emergency Homeowners Loan Program. The program
will offer a declining balance, deferred payment "bridge loan"
(non-recourse, subordinate loan with zero interest) for up to
$50,000 to assist eligible homeowners with payments of arrearages,
including mortgages, delinquent taxes, insurance premiums,
condominium or homeowners association fees; late fees; and certain
foreclosure-related attorney's fee. In addition to payment of
arrearages, EHLP funds may also be used to assist eligible
homeowners to make up to 24 months of mortgage payments on their
mortgage principal, interest, taxes and insurance (PITI), as well
as condominium/homeowner association fees, as applicable.
There have been no major
changes to the way the program is administered since the previous
collection request. However, draft HUD- forms have been created for
the data elements approved in the initial collection (2502-0597).
Draft forms are attached. The collection is required to determine
homeowner eligibility to participate in the Emergency Homeowners
Loan Program. Also, a third party organization acting as HUD's
Fiscal Agent will electronically collect reinstatement data from
mortgage servicers upon HUD's request.
$8,703,360
No
No
No
Yes
No
Uncollected
Ruth Roman 202 402-2112
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.