American Survey of Mortgage Borrowers (ASMB)

Forms and Documents

Document Name	Status
ASMB 2023 questionnaire-v9 (8 14 2023).docx Supplementary Document	2023-09-08
2590-0015 Justify Nomatrl-Nonsub Change ASMB Survey.docx Justification for No Material/Nonsubstantive Change	2023-09-08
ASMB 2022 SS_02 Letter 1 and 2.pdf Supplementary Document	2022-05-19
ASMB 2022 SS_06 NMDB Stakeholders.pdf Supplementary Document	2022-05-19
ASMB 2022 Supporting Statement.pdf Supporting Statement B	2022-05-19
ASMB 2022 Supporting Statement.pdf Supporting Statement A	2022-05-19
ASMB 2022 SS_05 Cognitive Testing Protocol.pdf Supplementary Document	2022-05-19
ASMB 2022 SS_04b NMDB SORN Revision, 81 FR 95595 (Dec. 28, 2016).pdf Supplementary Document	2022-05-19
ASMB 2022 SS_04a NMDB SORN, 80 FR 52225 (Aug. 28, 2015).pdf Supplementary Document	2022-05-19
87 FR 30480 2022-10772 5.19.22.pdf Supplementary Document	2022-05-19
ASMB 2022 SS_01 Questionnaire.pdf Supplementary Document	2022-05-19
ASMB 2022 SS_03 86 FR 73771 2021-28052 12-28-21.pdf Supplementary Document	2022-05-19

IC Document Collections

IC ID	Document Title	Status
220715	ASMB - Conducting the Survey Other-Questionnaire with Instructions	Unchanged
220714	ASMB - Pre-Testing the Survey Materials through Focus Groups Other-Questionaire with Instructions	Unchanged

ICR Details

OMB Control No: 2590-0015	ICR Reference No: 202309-2590-001
Status: Received in OIRA	Previous ICR Reference No: 202205-2590-002
Agency/Subagency: FHFA	Agency Tracking No: 2022-N-5
Title: American Survey of Mortgage Borrowers (ASMB)
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/08/2023

	Requested	Previously Approved
Expiration Date	07/31/2025	07/31/2025
Responses	10,024	10,024
Time Burden (Hours)	4,224	4,224
Cost Burden (Dollars)	0	0

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Abstract: FHFA is seeking OMB clearance for a nonsubstantive change to the approved collection of information known as the "American Survey of Mortgage Borrowers" (ASMB). FHFA has revised a limited number of questions on the survey and the change does not impact the burden estimate for completing the survey. The ASMB is a periodic voluntary survey of individuals who currently have a first mortgage loan secured by single-family residential property. It solicits information on borrowers’ experience with maintaining their existing mortgages, including their experience maintaining mortgages under financial stress, their experience in soliciting financial assistance, their success in accessing federally-sponsored programs designed to assist them, and, where applicable, any challenges they may have had in terminating a mortgage loan.

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Authorizing Statute(s): US Code: 12 USC 4544(c)
  

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:
	86 FR 73770	12/28/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 30480	05/19/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
ASMB - Conducting the Survey
ASMB - Pre-Testing the Survey Materials through Focus Groups

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ICR Summary of Burden

	Total Request	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	10,024	10,024	0	0	0	0
Annual Time Burden (Hours)	4,224	4,224	0	0	0	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 estimated hour burden decreased to 4,224 hours in 2022 from 5,024 hours reported in 2020. As discussed above, the total number of questions has decreased to 86 on the 2022 questionnaire, from 92 on the 2020 survey questionnaire. Therefore, the estimated completion time per recipient decreased to 25 minutes in 2022, from 30 minutes in 2020.

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Annual Cost to Federal Government: $438,360

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? Yes

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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: 09/08/2023

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