81_FR_87813 81 FR 87580 - 30-Day Notice of Proposed Information Collection: FHA Adjustable Rate Mortgages (ARMS)

81 FR 87580 - 30-Day Notice of Proposed Information Collection: FHA Adjustable Rate Mortgages (ARMS)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 233 (December 5, 2016)

Page Range87580-87581
FR Document2016-29121

HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment.

Federal Register, Volume 81 Issue 233 (Monday, December 5, 2016) 
[Federal Register Volume 81, Number 233 (Monday, December 5, 2016)]
[Notices]
[Pages 87580-87581]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-29121]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5909-N-88]


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

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: January 4, 2017.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QMAC, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. 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.

[[Page 87581]]

    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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on August 
31, 2016 at 81 FR 60016.

A. Overview of Information Collection

    Title of Information Collection: FHA Adjustable Rate Mortgages 
(ARMS).
    OMB Approval Number: 2502-0322.
    Type of Request: Extension of a currently approved collection.
    Form Number: None.
    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: (i.e., affected public): 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 Burden: 8,222.35.

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.

    Dated: November 21, 2016.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2016-29121 Filed 12-2-16; 8:45 am]
 BILLING CODE 4210-67-P

87580 Federal Register / Vol. 81, No. 233 / Monday, December 5, 2016 / Notices Description of the need for the information collected through the Form income, and housing information for information and proposed use: The HUD–50058 MTW will be used to participants in the Public Housing, Office of Public and Indian Housing of monitor and evaluate the Office of Section 8 Housing Choice Voucher, the Department of Housing and Urban Public and Indian Housing, Moving to Section 8 Project Based Certificate, Development (HUD) provides funding to Work (MTW) Demonstration program Section 8 Moderate Rehabilitation, and Public Housing Agencies (PHAs) to which includes Public Housing, Section Moving to Work Demonstration administer assisted housing programs. 8 Housing Choice Voucher, Section 8 programs. This data also allows HUD to Form HUD–50058 MTW Family Reports Project Based Certificates and Vouchers, monitor the performance of programs solicit demographic, family profile, Section 8 Moderate Rehabilitation and and the performance of public housing income and housing information on the Moving to Work (MTW) Demonstration agencies that administer the programs. entire nationwide population of tenants programs. Tenant data is collected to residing in assisted housing. The understand demographic, family profile, *Average Number of number of respondents reponses per Total annual Hours per Total cost Information collection Total hours (PHA) (with respondent responses response (at a rate of $17.50/hr) responses) (with responses) Form HUD–50058 New Ad- mission ................................. 4,114 87 357,918 .67 239,805.06 $4,196,588.55 Form HUD–50058 Recertifi- cation .................................... 4,114 583 2,398,462 .33 791,492.46 $13,851,118.05 Form HUD–50058 MTW New Admission ............................. 39 529 20,631 .67 13,822.77 $241,898.48 Form HUD–50058 MTW Re- certification ........................... 39 4,018 156,702 .33 51,711.66 $904,954.05 Totals ................................ 4,153 ........................ 2,933,713 ........................ 1,096,831.95 ........................................ * Average Number of Responses per Respondents = Total Annual Responses/Number of Respondents. Estimated annualized hourly cost to respondents (PHA); Form HUD–50058: To report using Form HUD–50058 Family Report, it will cost the average PHA $1,020.08 annually to enter and submit all data for New Admission and $3,366.83 annually for Recertification. • Total Cost for all PHAs; Form HUD–50058 Family Report New Admissions = Æ 239,805.06 Total Hours × $17.50/hour = $4,196,588.55 • Cost per PHA = $4,196,588.55 Total cost for all PHAs ÷ 4,114 PHAs (with responses) = $1,020.08 per PHA annually • Total Cost for all PHAs; Form HUD–50058 Family Report Recertification = Æ 791,492.46 Total Hours × $17.50/hour = $13,851,118.05 • Cost per PHA = $13,851,118.05 Total cost for all PHAs ÷ 4,114 PHAs (with responses) = $3,366.83 per PHA annually Estimated annualized hourly cost to respondents (PHA); Form HUD–50058 MTW: To report using Form HUD–50058 Family Report, it will cost the average PHA $6,171.67 annually to enter and submit all data for New Admissions and $23,438.33 annually for Recertification. B. Solicitation of Public Comment C. Authority the Paperwork Reduction Act. The Section 3507 of the Paperwork purpose of this notice is to allow for an This notice is soliciting comments additional 30 days of public comment. from members of the public and affected Reduction Act of 1995, 44 U.S.C. parties concerning the collection of Chapter 35. DATES: Comments Due Date: January 4, information described in Section A on Dated: November 28, 2016. 2017. the following: Colette Pollard, ADDRESSES: Interested persons are (1) Whether the proposed collection Department Reports Management Officer, invited to submit comments regarding of information is necessary for the Office of the Chief Information Officer. this proposal. Comments should refer to proper performance of the functions of [FR Doc. 2016–29120 Filed 12–2–16; 8:45 am] the proposal by name and/or OMB the agency, including whether the BILLING CODE 4210–67–P Control Number and should be sent to: information will have practical utility; HUD Desk Officer, Office of (2) The accuracy of the agency’s Management and Budget, New DEPARTMENT OF HOUSING AND estimate of the burden of the proposed URBAN DEVELOPMENT Executive Office Building, Washington, collection of information; DC 20503; fax: 202–395–5806. Email: [Docket No. FR–5909–N–88] OIRA_Submission@omb.eop.gov. (3) Ways to enhance the quality, utility, and clarity of the information to 30-Day Notice of Proposed Information FOR FURTHER INFORMATION CONTACT: be collected; and Collection: FHA Adjustable Rate Colette Pollard, Reports Management (4) Ways to minimize the burden of Mortgages (ARMS) Officer, QMAC, Department of Housing the collection of information on those AGENCY: Office of the Chief Information and Urban Development, 451 7th Street who are to respond: including through SW., Washington, DC 20410; email sradovich on DSK3GMQ082PROD with NOTICES Officer, HUD. the use of appropriate automated Colette Pollard at Colette.Pollard@ ACTION: Notice. collection techniques or other forms of hud.gov or telephone 202–402–3400. information technology, e.g., permitting SUMMARY: HUD has submitted the This is not a toll-free number. Persons electronic submission of responses. proposed information collection with hearing or speech impairments HUD encourages interested parties to requirement described below to the may access this number through TTY by submit comment in response to these Office of Management and Budget calling the toll-free Federal Relay questions. (OMB) for review, in accordance with Service at (800) 877–8339. VerDate Sep<11>2014 19:12 Dec 02, 2016 Jkt 241001 PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 E:\FR\FM\05DEN1.SGM 05DEN1

Federal Register / Vol. 81, No. 233 / Monday, December 5, 2016 / Notices 87581 Copies of available documents HUD encourages interested parties to Copies of available documents submitted to OMB may be obtained submit comment in response to these submitted to OMB may be obtained from Ms. Pollard. questions. from Ms. Pollard. SUPPLEMENTARY INFORMATION: This Authority: Section 3507 of the Paperwork SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is Reduction Act of 1995, 44 U.S.C. Chapter 35. notice informs the public that HUD is seeking approval from OMB for the Dated: November 21, 2016. seeking approval from OMB for the information collection described in Colette Pollard, information collection described in Section A. Section A. The Federal Register notice that Department Reports Management Officer, solicited public comment on the Office of the Chief Information Officer. A. Overview of Information Collection [FR Doc. 2016–29121 Filed 12–2–16; 8:45 am] Title of Information Collection: information collection for a period of 60 days was published on August 31, 2016 BILLING CODE 4210–67–P Affirmative Fair Housing Marketing at 81 FR 60016. Plan. OMB Approval Number: 2529–0013. A. Overview of Information Collection DEPARTMENT OF HOUSING AND Type of Request: Revision of a Title of Information Collection: FHA URBAN DEVELOPMENT currently approved collection. Adjustable Rate Mortgages (ARMS). [Docket No. FR–5911–N–02] Form Number: HUD–935.2A, 935.2B, OMB Approval Number: 2502–0322. 935.2C. Type of Request: Extension of a 60-Day Notice of Proposed Information Description of the need for the currently approved collection. Collection: Affirmative Fair Housing information and proposed use: The Form Number: None. Marketing Plan Department of Housing and Urban Description of the need for the Development (HUD) is requesting that information and proposed use: The AGENCY: Office of the Assistant the Office of Management and Budget Housing and Urban-Rural Recovery Act Secretary for Fair Housing and Equal (OMB) approve the extension of forms: of 1983 amended the National Housing Opportunity, HUD. HUD–935.2A Affirmative Fair Housing Act to permit FHA to insure adjustable ACTION: Notice. Marketing Plan—Multifamily Housing, rate mortgages (ARMS). The term of all HUD–935.2B Affirmative Fair Housing ARMS insured by HUD–FHA is required SUMMARY: HUD is seeking approval from Marketing Plan—Single Family to be fully disclosed as part of the loan the Office of Management and Budget Housing, and HUD–935.2C Affirmative approval process. Additionally, an (OMB) for the information collection Fair Housing Marketing Plan— annual disclosure is required to reflect described below. In accordance with the Condominiums or Cooperatives. These the adjustment to the interest rate and Paperwork Reduction Act, HUD is forms assist HUD in fulfilling its duty monthly mortgage amount. Lenders requesting comment from all interested under the Fair Housing Act (the Act) to must electronically indicate that the parties on the proposed collection of administer its programs and activities mortgage to be insured is an ARM and information. The purpose of this notice relating to housing and urban the term or type of the ARM. is to allow for 60 days of public development in a manner that Respondents: (i.e., affected public): comment. affirmatively furthers fair housing, by Business or other for-profit. DATES: Comments Due Date: February 3, promoting a condition in which Estimated Number of Respondents: 2017. individuals of similar income levels in 2,535. ADDRESSES: Interested persons are the same housing market area have Estimated Number of Responses: invited to submit comments regarding available to them a like range of housing 164,447. this proposal. Comments should refer to choices, regardless of race, color, Frequency of Response: On Occasion. the proposal by name and/or OMB national origin, religion, sex, disability, Average Hours per Response: .05. Control Number and should be sent to: or familial status. This collection also Total Estimated Burden: 8,222.35. Colette Pollard, Reports Management promotes compliance with Executive B. Solicitation of Public Comment Officer, QDAM, Department of Housing Order 11063, which requires Federal This notice is soliciting comments and Urban Development, 451 7th Street agencies to take all necessary and from members of the public and affected SW., Room 4176, Washington, DC appropriate action to prevent parties concerning the collection of 20410–5000; telephone 202–402–3400 discrimination in federally insured and information described in Section A on (this is not a toll-free number) or email subsidized housing. Under the AFHM the following: at Colette.Pollard@hud.gov for a copy of Regulations (24 CFR part 200, subpart (1) Whether the proposed collection the proposed forms or other available M), all applicants for participation in of information is necessary for the information. Persons with hearing or Federal Housing Administration (FHA) proper performance of the functions of speech impairments may access this subsidized and unsubsidized housing the agency, including whether the number through TTY by calling the toll- programs that involve the development information will have practical utility; free Federal Relay Service at (800) 877– or rehabilitation of multifamily projects (2) The accuracy of the agency’s 8339. or manufactured home parks of five or estimate of the burden of the proposed FOR FURTHER INFORMATION CONTACT: more lots, units, or spaces must submit collection of information; Colette Pollard, Reports Management an AFHM Plan on a prescribed form. In (3) Ways to enhance the quality, Officer, QDAM, Department of Housing addition, all applicants for participation utility, and clarity of the information to and Urban Development, 451 7th Street in FHA subsidized and unsubsidized SW., Washington, DC 20410; email housing programs that involve the sradovich on DSK3GMQ082PROD with NOTICES be collected; and (4) Ways to minimize the burden of Colette Pollard at Colette.Pollard@ development or rehabilitation of single the collection of information on those hud.gov or telephone 202–402–3400. family housing or condominium or who are to respond: Including through This is not a toll-free number. Persons cooperative units that intend to sell five the use of appropriate automated with hearing or speech impairments or more properties in the next year, or collection techniques or other forms of may access this number through TTY by sold five or more properties in the past information technology, e.g., permitting calling the toll-free Federal Relay year, and where a lender is submitting electronic submission of responses. Service at (800) 877–8339. initial applications for HUD mortgage VerDate Sep<11>2014 19:12 Dec 02, 2016 Jkt 241001 PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 E:\FR\FM\05DEN1.SGM 05DEN1


Document Created: 2016-12-03 00:26:26
Document Modified: 2016-12-03 00:26:26
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
ContactColette Pollard, Reports Management Officer, QMAC, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Colette Pollard at [email protected] or telephone 202-402-3400. 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 Citation81 FR 87580 
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