81 FR 60016 - 60-Day Notice of Proposed Information Collection: FHA Adjustable Rate Mortgages (ARMS)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 169 (August 31, 2016)

Page Range		60016-60017
FR Document		2016-20954

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 81 Issue 169 (Wednesday, August 31, 2016)

[Federal Register Volume 81, Number 169 (Wednesday, August 31, 2016)]
[Notices]
[Pages 60016-60017]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-20954]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5913-N-21]


60-Day Notice of Proposed Information Collection: FHA Adjustable 
Rate Mortgages (ARMS)

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: October 31, 2016.

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: Kevin Stevens, 451 7th Street SW., 
Washington, DC 20410; email Kevin L. [email protected]; or telephone 202-
402-2673. This is not a toll-free number. Persons with hearing or 
speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339.

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: FHA Adjustable Rate Mortgages.
    OMB Approval Number: 2502-0322.
    Type of Request: Extension of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: The 
Housing and Urban-Rural Recovery Act of 1983 amended the National 
Housing Act to permit FHA to insure adjustable rate mortgages (ARMS). 
The term of all ARMS insured by HUD-FHA is required to be fully 
disclosed as part of the loan approval process. Additionally, an annual 
disclosure is required to reflect the adjustment to the interest rate 
and monthly mortgage amount. Lenders must electronically indicate that 
the mortgage to be insured is an ARM and the term or type of the ARM.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 2,535.
    Estimated Number of Responses: 164,447.
    Frequency of Response: On Occasion.
    Average Hours per Response: .05.
    Total Estimated Burdens: 822 hours.

[[Page 60017]]

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:
    (1) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility;
    (2) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to minimize the burden of the collection of information on 
those who are to respond; including through the use of appropriate 
automated collection techniques or other forms of information 
technology, e.g., permitting electronic submission of responses.
    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.

    Date: August 19, 2016.
 Janet M. Golrick,
Associate General Deputy Assistant Secretary for Housing Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2016-20954 Filed 8-30-16; 8:45 am]
 BILLING CODE 4210-67-P

60016 Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices

ACTION: Notice. Estimated Number of Respondents: DATES: Comments Due Date: October 31,
873. 2016.
SUMMARY: HUD is seeking approval from Estimated Number of Responses:
the Office of Management and Budget ADDRESSES: Interested persons are
26,190. invited to submit comments regarding
(OMB) for the information collection Frequency of Response: As needed.
described below. In accordance with the Average Hours per Response: 2 hours. this proposal. Comments should refer to
Paperwork Reduction Act, HUD is Total Estimated Burden: 52,380. the proposal by name and/or OMB
requesting comment from all interested Control Number and should be sent to:
parties on the proposed collection of B. Solicitation of Public Comment Colette Pollard, Reports Management
information. The purpose of this notice This notice is soliciting comments Officer, QDAM, Department of Housing
is to allow for 60 days of public from members of the public and affected and Urban Development, 451 7th Street
comment. parties concerning the collection of SW., Room 4176, Washington, DC
information described in Section A on 20410–5000; telephone 202–402–3400
DATES: Comments Due Date: October 31,
the following: (this is not a toll-free number) or email
2016.
(1) Whether the proposed collection at Colette.Pollard@hud.gov for a copy of
ADDRESSES: Interested persons are the proposed forms or other available
of information is necessary for the
invited to submit comments regarding information. Persons with hearing or
proper performance of the functions of
this proposal. Comments should refer to speech impairments may access this
the agency, including whether the
the proposal by name and/or OMB number through TTY by calling the toll-
information will have practical utility;
Control Number and should be sent to: (2) The accuracy of the agency’s free Federal Relay Service at (800) 877–
Colette Pollard, Reports Management estimate of the burden of the proposed 8339.
Officer, QDAM, Department of Housing collection of information;
and Urban Development, 451 7th Street FOR FURTHER INFORMATION CONTACT:
(3) Ways to enhance the quality, Kevin Stevens, 451 7th Street SW.,
SW., Room 4176, Washington, DC utility, and clarity of the information to
20410–5000; telephone 202–402–3400 Washington, DC 20410; email Kevin L.
be collected; and Stevens@hud.gov; or telephone 202–
(this is not a toll-free number) or email (4) Ways to minimize the burden of
at Colette.Pollard@hud.gov for a copy of 402–2673. This is not a toll-free number.
the collection of information on those
the proposed forms or other available Persons with hearing or speech
who are to respond; including through
information. Persons with hearing or impairments may access this number
the use of appropriate automated
speech impairments may access this through TTY by calling the toll-free
collection techniques or other forms of
number through TTY by calling the toll- Federal Relay Service at (800) 877–8339.
information technology, e.g., permitting
free Federal Relay Service at (800) 877– electronic submission of responses. SUPPLEMENTARY INFORMATION: This
8339. HUD encourages interested parties to notice informs the public that HUD is
FOR FURTHER INFORMATION CONTACT: submit comment in response to these seeking approval from OMB for the
Daniel J. Sullivan, Acting Director, questions. information collection described in
Office of Multifamily Housing Section A.
Authority: Section 3507 of the Paperwork
Development, Department of Housing Reduction Act of 1995, 44 U.S.C. Chapter 35.
and Urban Development, 451 7th Street A. Overview of Information Collection
SW., Washington, DC 20410; email Dated: August 24, 2016. Title of Information Collection: FHA
Daniel J. Sullivan, at Daniel.J.Sullivan@ Janet M. Golrick, Adjustable Rate Mortgages.
hud.gov or telephone 202–402–1142. Associate General Deputy Assistant Secretary OMB Approval Number: 2502–0322.
This is not a toll-free number. Persons for Housing—Associate Deputy Federal
Housing Commissioner. Type of Request: Extension of a
with hearing or speech impairments currently approved collection.
may access this number through TTY by [FR Doc. 2016–20953 Filed 8–30–16; 8:45 am]
Form Number: N/A.
calling the toll-free Federal Relay BILLING CODE 4210–67–P
Service at (800) 877–8339. Description of the need for the
Copies of available documents information and proposed use: The
submitted to OMB may be obtained DEPARTMENT OF HOUSING AND Housing and Urban-Rural Recovery Act
from Ms. Pollard. URBAN DEVELOPMENT of 1983 amended the National Housing
SUPPLEMENTARY INFORMATION: This Act to permit FHA to insure adjustable
[Docket No. FR–5913–N–21] rate mortgages (ARMS). The term of all
notice informs the public that HUD is
seeking approval from OMB for the 60-Day Notice of Proposed Information ARMS insured by HUD–FHA is required
information collection described in Collection: FHA Adjustable Rate to be fully disclosed as part of the loan
Section A. Mortgages (ARMS) approval process. Additionally, an
annual disclosure is required to reflect
A. Overview of Information Collection AGENCY: Office of the Assistant the adjustment to the interest rate and
Title of Information Collection: FHA- Secretary for Housing—Federal Housing monthly mortgage amount. Lenders
Application for Insurance of Advance of Commissioner, HUD. must electronically indicate that the
Mortgage Proceeds. ACTION: Notice. mortgage to be insured is an ARM and
OMB Approval Number: 2502–0097. the term or type of the ARM.
Type of Request: Extension of a SUMMARY: HUD is seeking approval from Respondents: Business or other for-
currently approved collection. the Office of Management and Budget profit.
(OMB) for the information collection
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Form Number: HUD–92403. Estimated Number of Respondents:
Description of the need for the described below. In accordance with the
2,535.
information and proposed use: To Paperwork Reduction Act, HUD is
indicate to the mortgagee amounts requesting comment from all interested Estimated Number of Responses:
approved for advance and mortgage parties on the proposed collection of 164,447.
insurance. information. The purpose of this notice Frequency of Response: On Occasion.
Respondents (i.e. affected public): is to allow for 60 days of public Average Hours per Response: .05.
Business or other for profit. comment. Total Estimated Burdens: 822 hours.

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Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices 60017

B. Solicitation of Public Comment Control Number and should be sent to: from the 15 largest metropolitan areas,
This notice is soliciting comments HUD Desk Officer, Office of approximately 5,250 HUD-assisted
from members of the public and affected Management and Budget, New housing units, and approximately 6,000
parties concerning the collection of Executive Office Building, Washington, ‘‘bridge sample’’ housing units. The
information described in Section A on DC 20503; fax: 202–395–5806. Email: bridge sample will allow for estimation
the following: OIRA_Submission@omb.eop.gov. of longitudinal changes between 2013,
(1) Whether the proposed collection FOR FURTHER INFORMATION CONTACT: 2015, when the AHS introduced a new
of information is necessary for the Anna Guido, Reports Management sample, and 2017. The bridge sample
proper performance of the functions of Officer, QDAM, Department of Housing will also facilitate analyses of the
the agency, including whether the and Urban Development, 451 7th Street impact of survey design changes on
information will have practical utility; SW., Washington, DC 20410; email 2017 AHS estimates. In addition to the
(2) The accuracy of the agency’s Anna Guido at Anna.Guido@hud.gov or national longitudinal sample, HUD
estimate of the burden of the proposed telephone 202–402–3400. Persons with plans to conduct 15 metropolitan area
collection of information; hearing or speech impairments may samples, each with approximately 3,000
(3) Ways to enhance the quality, access this number through TTY by housing units (for a total 45,000
utility, and clarity of the information to calling the toll-free Federal Relay metropolitan area housing units).
Service at (800) 877–8339. This is not a To help reduce respondent burden on
be collected; and
toll-free number. Copies of available households in the longitudinal sample,
(4) Ways to minimize the burden of
documents submitted to OMB may be the 2017 AHS will make use of
the collection of information on those
obtained from Ms. Guido. dependent interviewing techniques,
who are to respond; including through
SUPPLEMENTARY INFORMATION: HUD will
which will decrease the number of
the use of appropriate automated
submit the proposed information questions asked.
collection techniques or other forms of
Policy analysts, program managers,
information technology, e.g., permitting collection package to OMB for review,
budget analysts, and Congressional staff
electronic submission of responses. as required by the Paperwork Reduction
use AHS data to advise executive and
HUD encourages interested parties to Act of 1995 (44 U.S.C. Chapter 35, as
legislative branches about housing
submit comment in response to these amended).
conditions and the suitability of public
questions.
A. Overview of Information Collection policy initiatives. Academic researchers
Authority: Section 3507 of the Paperwork and private organizations also use AHS
Reduction Act of 1995, 44 U.S.C. Chapter 35. Title of Information Collection: 2017
American Housing Survey. data in efforts of specific interest and
Date: August 19, 2016. OMB Control Number: 2528–0017. concern to their respective
Janet M. Golrick, Description of the need for the communities.
Associate General Deputy Assistant Secretary information and proposed use: The HUD needs the AHS data for two
for Housing Associate Deputy Federal purpose of the American Housing important uses.
Housing Commissioner. Survey (AHS) is to supply the public 1. With the data, policy analysts can
[FR Doc. 2016–20954 Filed 8–30–16; 8:45 am] with detailed and timely information monitor the interaction among housing
BILLING CODE 4210–67–P about housing quality, housing costs, needs, demand and supply, as well as
and neighborhood assets, in support of changes in housing conditions and
effective housing policy, programs, and costs, to aid in the development of
DEPARTMENT OF HOUSING AND markets. Title 12, United States Code, housing policies and the design of
URBAN DEVELOPMENT Sections 1701Z–1, 1701Z–2(g), and housing programs appropriate for
1710Z–10a mandates the collection of different target groups, such as first-time
[Docket No. FR–5915–N–08] home buyers and the elderly.
this information.
2. With the data, HUD can evaluate,
Notice of Proposed Information Like the previous surveys, the 2017
monitor, and design HUD programs to
Collection for Public Comment on the AHS will collect ‘‘core’’ data on
improve efficiency and effectiveness.
2017 American Housing Survey subjects, such as the amount and types
Members of affected public:
of changes in the housing inventory, the
AGENCY: Office of the Chief Information Households.
physical condition of the housing Estimated Number of Respondents:
Officer, HUD. inventory, the characteristics of the
ACTION: Notice.
137,000.
occupants, housing costs for owners and Estimated Time per Response: 40
renters, the persons eligible for and minutes.
SUMMARY: The Department of Housing beneficiaries of assisted housing,
and Urban Development (HUD) is Frequency of Response: One time
remodeling and repair frequency, every two years.
seeking approval from the Office of reasons for moving, the number and
Management and Budget (OMB) for the Estimated Total Annual Burden
characteristics of vacancies, and Hours: 91,333.
information collection described below. characteristics of resident’s
In accordance with the Paperwork Estimated Total Annual Cost: The
neighborhood. only cost to respondents is that of their
Reduction Act, HUD is requesting In addition to the ‘‘core’’ data, HUD
comment from all interested parties on time. The total estimated cost is
plans to collect ‘‘topical’’ data on $67,600,000.
the proposed collection of information. disaster and emergency preparedness,
The purpose of this notice is to allow for Respondent’s Obligation: Voluntary.
how people commute to work and
mstockstill on DSK3G9T082PROD with NOTICES

Legal Authority: Title 13 U.S.C.
60 days of public comment. commuting costs, the causes and effects Section 9(a), and Title 12, U.S.C.,
DATES: Comments Due Date: October 31, of evictions, and recent delinquent Section 1701z–1 et seq.
2016. payments and notices for mortgage, rent,
ADDRESSES: Interested persons are or utility bills. B. Solicitation of Public Comment
invited to submit comments regarding The AHS national longitudinal This notice solicits comments from
this proposal. Comments should refer to sample consists of approximately 92,000 members of the public and affected
the proposal by name and/or OMB housing units, and includes oversample parties concerning the collection of

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Document Created: 2018-02-02 12:15:09
Document Modified: 2018-02-02 12:15:09

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Comments Due Date: October 31, 2016.
Contact		Kevin Stevens, 451 7th Street SW., Washington, DC 20410; email Kevin L. [email protected]; or telephone 202- 402-2673. This is not a toll-free number. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339.
FR Citation		81 FR 60016