FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs

Forms and Documents

Document Name	Status
Form HUD 90041 FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs Form and Instruction	Modified
The description of changes to forms.docx Supplementary Document	2016-10-31
2502-0589 - final2.doc Supporting Statement A	2016-05-31
IPA 2502-0589.doc Supplementary Document	2016-05-25
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 and Instruction	Modified

ICR Details

OMB Control No: 2502-0589	ICR Reference No: 201510-2502-007
Status: Historical Active	Previous ICR Reference No: 201408-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/01/2016
	Date Received in OIRA: 05/31/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2019	36 Months From Approved	11/30/2016
Responses	1,283,879	0	1,169,033
Time Burden (Hours)	1,947,929	0	1,520,216
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:
	80 FR 74788	11/30/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 26816	05/04/2016
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, 90041, 90045, 9539, 90051, 90052, 90035	Request for Variance ,   Approval to Participate ,   Sales Contract Review ,   Avoiding Foreclosure Pamphlet ,   Request for Occupied Conveyance ,   Mortgagee Notice of Foreclosure ,   Closing Worksheet ,   Claim for Insurance Benefits ,   Request to Exceed Cost and Protection Limits to Preservation ,   Mortgagors Request for Extensions of Time ,   Occupied Conveyance ,   HUD form ,   New HUD form ,   Pre-foreclosure Sale Procedure ,   New HUD form ,   New HUD form ,   Revised HUD form

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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	1,283,879	1,169,033	0	1,010,073	-895,227	0
Annual Time Burden (Hours)	1,947,929	1,520,216	0	0	427,713	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 Changes have been made to the Loss Mitigation program HUD forms. Economic conditions over the past few years have caused re-default rates on FHA-insured loans to increase, which also caused increases 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 2015, approximately a 48 percent increase. The FHA market is still increasing thus causing an increased participation in FHA’s Loss Mitigation Program

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Annual Cost to Federal Government: $10,100

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: 05/31/2016

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