FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers

ICR 202007-2502-007

OMB: 2502-0595

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-10-01
Supporting Statement A
2020-07-24
IC Document Collections
ICR Details
2502-0595 202007-2502-007
Active 201701-2502-001
HUD/OH
FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 12/11/2020
Retrieve Notice of Action (NOA) 10/01/2020
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved
15,834 0 0
17,813 0 0
0 0 0

Information is collected from respondents who are companies (mortgagees) servicing FHA-Insured mortgage loans. This collection concerns detailed loan information regarding homeowners (mortgagors) and their FHA-Insured mortgage loan. The data and information is essential for managing HUD's programs and FHA's Mutual Mortgage Insurance Fund.

US Code: 12 USC 1703 Name of Law: Natioinal Housing Act
  
None

Not associated with rulemaking

  85 FR 29738 05/18/2020
85 FR 51750 08/21/2020
No

1
IC Title Form No. Form Name
Payments Prepayments Terminations Assumptions Transfers HUD-92210, HUD Form 92210.1, HUD-92210, HUD-92900-a, HUD-93114 Approval of Purchaser and Release of Seller ,   HUD/VA Addendum to Uniform Residential Loan Application ,   Assistance Payment Contract ,   Request for Credit Approval ,   Approval of Purchaser and Release of Seller

  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 15,834 0 0 0 -97,238,308 97,254,142
Annual Time Burden (Hours) 17,813 0 0 0 -50,206 68,019
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a revision of a currently approved collection because the estimates of respondents, responses and burden hours decreased due to removal/retiring of obsolete form HUD-92210, removal of FHA payment requirements that are standard practices within the mortgage industry where HUD ascribes no burden hours to these activities, and removal of duplicating mortgage insurance termination records archival because mortgage insurance termination is covered under existing OMB control number 2502-0414.

$62,742
No
    No
    No
No
No
No
No
Venida Brown 202 708-0614 ext. 2456

  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.
10/01/2020


© 2024 OMB.report | Privacy Policy