FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs

Forms and Documents

Document Name	Status
Form 9539 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form	Modified
FR-2502-0589.pdf Supplementary Document	2013-03-07
Supporting Statement A 2502-0589.doc Supporting Statement A	2013-05-02
2502-0589 Laws & Regs.zipx Supplementary Document	2013-02-11

IC Document Collections

IC ID	Document Title	Status
191451	FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form	Modified

ICR Details

OMB Control No: 2502-0589	ICR Reference No: 201209-2502-002
Status: Historical Active	Previous ICR Reference No: 200912-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 05/07/2013
	Date Received in OIRA: 03/07/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2016	36 Months From Approved	05/31/2013
Responses	1,169,033	0	508,883
Time Burden (Hours)	1,520,216	0	777,494
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 12 USC 1701 et seq. 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
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 65011	10/24/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 14325	03/05/2013
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
FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs	9539, 91022, 50002, 50012, HUD 27011, HUD 90051, HUD 90035, HUD 90041, HUD 90052, HUD 90045, PA 426	Request for Occupied Conveyance ,   Mortgagee Notice of Foreclosure ,   Request to Exceed Cost and Protection Limits to Preservation ,   Mortgagors Request for Extensions of Time ,   Approval to Participate ,   Request for Variance ,   Sales Contract Review ,   Closing Worksheet ,   Pre-foreclosure Sale Procedure ,   Avoiding Foreclosure Pamphlet ,   Claim for Insurance Benefits

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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	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

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $66,625

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 03/07/2013

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