Troubled Asset Relief Program--Making Home Affordable Participants

ICR 201912-1505-002

OMB: 1505-0216

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-12-23
ICR Details
1505-0216 201912-1505-002
Active 201608-1505-007
TREAS/DO TARP
Troubled Asset Relief Program--Making Home Affordable Participants
Revision of a currently approved collection   No
Regular
Approved without change 01/31/2020
Retrieve Notice of Action (NOA) 12/31/2019
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 01/31/2020
1,680 0 1,680
47,880 0 104,880
0 0 0

Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program. Among these components is a voluntary foreclosure prevention program, Making Home Affordable (MHA) program, under which the Department will use TARP capital to lower the mortgage payments of qualifying borrowers. The Treasury will do this through agreements with mortgage servicers to modify loans on their systems. All servicers were eligible to participate in the program.

PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  
None

Not associated with rulemaking

  84 FR 57810 10/28/2019
84 FR 72140 12/30/2019
No

2
IC Title Form No. Form Name
MHA Program Data Collection--Larger Servicers
MHA Program Data Collection--Smaller Servicers

  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 1,680 1,680 0 0 0 0
Annual Time Burden (Hours) 47,880 104,880 0 -57,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The estimated annual burden has been updated to reflect the program termination, which eliminated reporting of new loan modifications. Servicers are only required to report performance data elements, transfers of servicing and make any necessary corrections to existing data.

$0
No
    No
    No
No
No
No
Uncollected
Christopher Dove 202 927-0374

  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.
12/31/2019


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