80 FR 27998 - 60-Day Notice of Proposed Information Collection: Application for FHA Insured Mortgages

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 94 (May 15, 2015)

HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.

[Federal Register Volume 80, Number 94 (Friday, May 15, 2015)]
[Notices]
[Pages 27998-27999]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11807]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5835-N-06]


60-Day Notice of Proposed Information Collection: Application for 
FHA Insured Mortgages

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: July 14, 2015.

[[Page 27999]]


ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Graham Mayfield, Reports The office of 
Single Family, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email at [email protected]. 
Persons with hearing or speech impairments may access this number 
through TTY by calling the toll-free Federal Relay Service at (800) 
877-8339. Copies of available documents submitted to OMB may be 
obtained from Ms.Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Application for FHA Insured 
Mortgage.
    OMB Approval Number: 2502-0059.
    Type of Request: Revision.
    Form Number: HUD-92900-A, HUD-92900-B, HUD-92900-LT, HUD-92561, 
Model Notice for Informed Consumer Choice Disclosure, and Model Pre-
Insurance Review/Checklist.
    Description of the need for the information and proposed use: 
Specific forms and related documents are needed to determine the 
eligibility of the borrower and proposed mortgage transaction for FHA's 
insurance endorsement. Lenders seeking FHA's insurance prepare certain 
forms to collect data.
    Respondents: Regulatory or compliance.
    Estimated Number of Respondents: 11,604.
    Estimated Number of Responses: 4,743,185.
    Frequency of Response: 1 document per loan.
    Average Hours per Response: 90 minutes.
    Total Estimated Burdens: 534,931.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following: Form HUD 92900-A has been revised as 
follows:

Page 1, Part II, Lender/Mortgagee Certification, 21; Statements B and E 
revised as follows:

    B. (1) The information contained in the initial Uniform Residential 
Loan Application and this Addendum was obtained from the Borrower by an 
employee of the undersigned lender/mortgagee or its duly authorized 
agent and is to the best of lender/mortgagee's knowledge true, complete 
and accurate as of the date the Borrower provided the information to 
the undersigned lender/mortgagee or its duly authorized agent.
    (2) The information contained in the final Uniform Residential Loan 
Application, which was signed by the Borrower at the time of 
settlement, was obtained by an employee of the undersigned lender/
mortgagee or its duly authorized agent is to the best of lender/
mortgagee's knowledge true, complete and accurate as of the date 
verified by the lender/mortgagee.
    E. (1) To the best of my knowledge, neither I nor any parties to 
this transaction are suspended, debarred, under a limited denial of 
participation, or otherwise restricted under 2 CFR part 2424, or under 
similar procedures of any other federal agency.
    (2) The lender/mortgagee involved in this transaction is not 
suspended, debarred, under a limited denial of participation, or 
otherwise restricted under 2 CFR part 2424 or 24 CFR part 25, or under 
similar procedures of any other federal agency.
    Part V, Borrower Certification, 25; Added the following:
    (2) Occupancy: HUD Only
    I, the Borrower or Co-Borrower will occupy the property within 60 
days of signing the security instrument, and intend to continue 
occupancy for at least one year. I do not intend to occupy the property 
as my primary residence.
    Direct Endorsement Approval for a HUD FHA-Insured Mortgage; Added:
    This mortgage was rated as an ``accept'' or ``approve'' by FHA's 
TOTAL Mortgage Scorecard and the undersigned Direct Endorsement 
underwriter certifies that I have personally reviewed and underwritten 
the appraisal according to standard FHA requirements.
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Direct Endorsement Underwriter Signature
__________
CHUMS ID Number
    This mortgage was rated as a ``refer'' by a FHA's TOTAL Mortgage 
Scorecard, or was manually underwritten by a Direct Endorsement 
underwriter. As such, the undersigned Direct Endorsement Underwriter 
certifies that I have personally reviewed the appraisal report (if 
applicable), credit application, and all associated documents used in 
underwriting this mortgage. I further certify that:
    I have approved this loan and my Final Underwriting Decision was 
made having exercised the required level of Care and Due Diligence;
    I have performed all Specific Underwriter Responsibilities for 
Underwriters and my underwriting of the borrower's Credit and Debt, 
Income, Qualifying Ratios and Compensating Factors, if any, and the 
borrower's DTI with Compensating Factors, if any, are within the 
parameters established by FHA and the borrower has assets to satisfy 
any required down payment and closing costs of this mortgage; and
    I have verified the Mortgage Insurance Premium and Mortgage Amount 
are true and correct and this loan is in an amount that is permitted by 
FHA for this loan type, property type, and geographic area.
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Direct Endorsement Underwriter Signature
__________
CHUMS ID Number
    HUD encourages interested parties to submit comment in response to 
these questions.

    Authority:  Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: May 12, 2015.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing--Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2015-11807 Filed 5-14-15; 8:45 am]
 BILLING CODE 4210-67-P