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.
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.