Lenders provide information required
to determne the eligibility of a mortgage to be insured under
Section 513 of the Housing and Community Development Act of 1992
(Section 106 of the Energy Policy Act of 1992).
US Code:
42
USC C12712 Name of Law: The Public Health and Welafre
In recent years, the total
number of respondents for EEM has decreased. This represents a
lower usage by Lenders for this program, as they increased access
to credit through conventional markets and other FHA insurance
programs such as the Section 203(k) Rehabilitation Mortgage
Insurance program. Keeping with its purpose, FHA mortgage insurance
helps to stabilize housing markets during periods of economic
distress. When housing markets weaken, private Lenders seek a
greater share of loans with FHA insurance. As the economy improves,
Lenders shift from Federal insurance support towards conventional
lending models.
$355
No
No
No
No
No
No
No
Carmen Mead 202 402-6651
carmen.c.mead@hud.gov
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.