82_FR_32706 82 FR 32572 - 60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders

82 FR 32572 - 60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 82, Issue 134 (July 14, 2017)

Page Range32572-32573
FR Document2017-14810

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 82 Issue 134 (Friday, July 14, 2017) 
[Federal Register Volume 82, Number 134 (Friday, July 14, 2017)]
[Notices]
[Pages 32572-32573]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14810]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6001-N-23]


60-Day Notice of Proposed Information Collection: Quality Control 
Requirements for Direct Endorsement Lenders

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

[[Page 32573]]

information. The purpose of this notice is to allow for 60 days of 
public comment.

DATES: Comments Due Date: September 12, 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: 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: Justin D. Burch, Director, Quality 
Assurance Division, Office of Lender Activities and Program Compliance, 
Department of Housing and Urban Development, 451 7th Street SW., Room 
B133-P3214, Washington, DC 20410, telephone 202-708-1515 (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. Copies of available documents submitted to 
OMB may be obtained from Mr. Burch.

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: Quality Control Requirements for 
Direct Endorsement Lenders.
    OMB Approval Number: 2502-0600.
    Type of Request: Extension of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: Under 
24 CFR 202.8(3), Direct Endorsement (DE) lenders which sponsor third-
party originators (TPOs) are responsible to the Secretary for the 
actions of TPOs or mortgagees in originating loans or mortgages, unless 
applicable law or regulation requires specific knowledge on the part of 
the party to be held responsible. As a result, DE lenders are 
responsible for conducting quality control on TPO originations of FHA-
insured mortgage loans, and ensuring that their quality control plans 
contain appropriate oversight provisions. This creates an information 
collection burden on DE lenders, since these institutions must conduct 
quality control on all loans they originate and underwrite. In 
addition, under 24 CFR 203.255(c) and (e), HUD conducts both pre- and 
post-endorsement reviews of loans submitted for FHA insurance by DE 
lenders. As part of those reviews, the Secretary is authorized to 
determine if there is any information indicating that any certification 
or required document is false, misleading, or constitutes fraud or 
misrepresentation on the part of any party, or that the mortgage fails 
to meet a statutory or regulatory requirement. In order to assist the 
Secretary with this directive, FHA requires that lenders self-report 
all findings of fraud and material misrepresentation, as well any 
material findings concerning the origination, underwriting, or 
servicing of the loan that the lender is unable to mitigate or 
otherwise resolve. The obligation to self-report these findings creates 
an additional information collection burden on DE lenders.
    In accordance with the requirements of 5 CFR 1320.8(d), a Notice 
soliciting comments on this collection of information was initially 
published in the Federal Register on December 21, 2010 (Volume 75, 
Number 244, page 80066). At that time, FHA still allowed for loan 
correspondents to participate in its programs and had not yet 
transitioned to the use of TPOs. Therefore, FHA estimated information 
collection burdens based on the expected used of TPOs by DE lenders. 
Three years later, FHA has revised these estimates with real data, 
which has substantially reduced the information collection burden 
associated with OMB Control Number 2502-0600.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1,831.
    Estimated Number of Responses: 135,682.
    Frequency of Response: Annually.
    Average Hours per Response: .52.
    Total Estimated Burdens: 71,017.

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: June 23, 2017.
Genger Charles,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2017-14810 Filed 7-13-17; 8:45 am]
BILLING CODE 4210-67-P

32572 Federal Register / Vol. 82, No. 134 / Friday, July 14, 2017 / Notices this information request is for reporting will be accomplished through Estimated Total Annual Burden interviews with PHA staff, partners, and a short narrative report. Hours: 279 hours. study participants receiving FSS Respondents: 180 Respondents in all. Estimated Total Annual Cost: services. Members of Affected Public: 90. $4,325.94. Type of Request: Revision of a Estimated Number of Respondents: PHA and Partner Staff: 90 currently approved collection. 180. Individuals receiving subsidized Agency Form Numbers: No agency Frequency of response: Once. housing and enrolled in the FSS forms will be used. The quarterly Hours of response: 90 minutes. program (treatment group): 90. Hourly Number of Frequency Responses Burden hour per Information collection Annual burden hours cost per Annual cost respondents of response per annum response response Study Participant Inter- 90 participants (10 Once ........... One ............ 90 minutes, on aver- 135 hours (90 * 1.5) .. 1 $7.25 $489.38 (45 employed views and/or Focus participants * 9 age (1.5 hours). sample members * Groups. sites). $7.25* 1.5 hours). PHA Staff Interviews 27 staff (3 staff * 9 Once ........... One ............ 90 minutes, on aver- 40.5 hours (27 * 1.5) 2 24.33 $985.40 (27 staff * (on-site). sites). age (1.5 hours). $24.33* 1.5 hours). PHA Staff Interviews 18 staff (2 staff * 9 Once ........... One ............ 90 minutes, on aver- 27 hours (18 * 1.5) .... 2 24.33 $656.91 (18 staff * (telephone). sites). age (1.5 hours). $24.33 * 1.5 hours). Cost Study Data Col- 18 staff (1 staff * 18 Once ........... One ............ 120 minutes, on aver- 36 hours (18 staff * 2) 33.58 $1208.88 (18 staff * lection Activities with sites). age (or 2 hours). $33.58 * 2 hours). PHA staff. FSS Partner Staff 27 staff (1 staff * 3 Once ........... One ............ 90 minutes, on aver- 40.5 hours (27 * 1.50) 33.58 $985.36 (27 staff * Interviews. partners * 9 sites). age (1.5 hours). $24.33* 1.5 hours). Total .................... 180 ............................. .................... .................... .................................... 279 ............................. ................ $4,325.94 1 Households participating in the Family Self-Sufficiency Demonstration will range widely in employment position and earnings. We have estimated the hourly wage at the expected prevailing minimum wage, which is $7.25 per hour. We expect about 50 percent of the participants to be employed at the time of study entry. A re- cent report by the Center on Budget and Policy Priorities, some 55 percent of non-elderly, non-disabled households receiving voucher assistance reported earned in- come in 2010. The typical (median) annual earnings for these families were $15,600, only slightly more than the pay from full-time, year-round minimum-wage work. (http://www.cbpp.org/cms/?fa=view&id=3634). Based on this, we assumed 50% of participants would be working at the federal minimum wage. 2 For program staff participating in interviews, the estimate uses the median hourly wages of selected occupations (classified by Standard Occupational Classifica- tion (SOC) codes) was sourced from the Occupational Employment Statistics from the U.S. Department of Labor’s Bureau of Labor Statistics. Potentially relevant oc- cupations and their median hourly wages are: Median hourly Occupation SOC code wage rate Community and Social Service Specialist ............................................................................................................... 21–1099 $19.26 Social/community Service Manager ........................................................................................................................ 11–9151 29.40 Source: Occupational Employment Statistics, accessed online March 20, 2015 at http://www.bls.gov/oes/current/oes_stru.htm. To estimate cost burden to program staff respondents, we use an average of the occupations listed, or $24.33/hr. 4 For program staff supporting data extraction activities and FSS Partner staff, the estimate uses the median hourly wages of selected relevant occupations in a manner similar to the above. A standard wage assumption of $33.58/hr. was created by averaging median hourly wage rates for these occupations: Median hourly Occupation SOC code wage rate Database Administrator ........................................................................................................................................... 15–1141 $37.75 Social/community Service Manager ........................................................................................................................ 11–9151 29.40 Source: Occupational Employment Statistics, accessed online March 22, 2015 at http://www.bls.gov/oes/current/oes_stru.htm. B. Solicitation of Public Comment of appropriate automated collection DEPARTMENT OF HOUSING AND This notice is soliciting comments techniques or other forms of information URBAN DEVELOPMENT from members of the public and affected technology, e.g., permitting electronic [Docket No. FR–6001–N–23] parties concerning the collection of submission of responses. information described in Section A on HUD encourages interested parties to 60-Day Notice of Proposed Information the following: submit comment in response to these Collection: Quality Control (1) Whether the proposed collection questions. Requirements for Direct Endorsement of information is necessary for the Lenders proper performance of Authority: Section 3507 of the Paperwork the functions of the agency, including Reduction Act of 1995, 44 U.S.C. Chapter 35. AGENCY: Office of the Assistant whether the information will have Dated: July 7, 2017. Secretary for Housing—Federal Housing practical utility; Commissioner, HUD. Matthew E. Ammon, (2) The accuracy of the agency’s ACTION: Notice. estimate of the burden of the proposed General Deputy Assistant, Secretary for Policy mstockstill on DSK30JT082PROD with NOTICES Development and Research. SUMMARY: HUD is seeking approval from collection of information; (3) Ways to enhance the quality, [FR Doc. 2017–14811 Filed 7–13–17; 8:45 am] the Office of Management and Budget utility, and clarity of the information to BILLING CODE 4210–67–P (OMB) for the information collection be collected; and described below. In accordance with the (4) Ways to minimize the burden of Paperwork Reduction Act, HUD is the collection of information on those requesting comment from all interested who are to respond, including the use parties on the proposed collection of VerDate Sep<11>2014 17:44 Jul 13, 2017 Jkt 241001 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1

Federal Register / Vol. 82, No. 134 / Friday, July 14, 2017 / Notices 32573 information. The purpose of this notice creates an information collection burden enhance the quality, utility, and clarity is to allow for 60 days of public on DE lenders, since these institutions of the information to be collected; and comment. must conduct quality control on all (4) Ways to minimize the burden of the DATES: Comments Due Date: September loans they originate and underwrite. In collection of information on those who 12, 2017. addition, under 24 CFR 203.255(c) and are to respond; including through the (e), HUD conducts both pre- and post- use of appropriate automated collection ADDRESSES: Interested persons are endorsement reviews of loans submitted techniques or other forms of information invited to submit comments regarding for FHA insurance by DE lenders. As technology, e.g., permitting electronic this proposal. Comments should refer to part of those reviews, the Secretary is submission of responses. HUD the proposal by name and/or OMB authorized to determine if there is any encourages interested parties to submit Control Number and should be sent to: information indicating that any comment in response to these questions. Colette Pollard, Reports Management Officer, QDAM, Department of Housing certification or required document is Authority: Section 3507 of the Paperwork and Urban Development, 451 7th Street false, misleading, or constitutes fraud or Reduction Act of 1995, 44 U.S.C. Chapter 35. SW., Room 4176, Washington, DC misrepresentation on the part of any Dated: June 23, 2017. 20410–5000; telephone 202–402–3400 party, or that the mortgage fails to meet Genger Charles, (this is not a toll-free number) or email a statutory or regulatory requirement. In General Deputy Assistant Secretary for at Colette.Pollard@hud.gov for a copy of order to assist the Secretary with this Housing. the proposed forms or other available directive, FHA requires that lenders [FR Doc. 2017–14810 Filed 7–13–17; 8:45 am] information. Persons with hearing or self-report all findings of fraud and BILLING CODE 4210–67–P speech impairments may access this material misrepresentation, as well any number through TTY by calling the toll- material findings concerning the free Federal Relay Service at (800) 877– origination, underwriting, or servicing of the loan that the lender is unable to DEPARTMENT OF THE INTERIOR 8339. mitigate or otherwise resolve. The FOR FURTHER INFORMATION CONTACT: Fish and Wildlife Service obligation to self-report these findings Justin D. Burch, Director, Quality creates an additional information [FWS–R7–ES–2017–N055; Assurance Division, Office of Lender collection burden on DE lenders. FXES11140700000–178–FF07CAAN00] Activities and Program Compliance, In accordance with the requirements Department of Housing and Urban of 5 CFR 1320.8(d), a Notice soliciting Endangered and Threatened Wildlife Development, 451 7th Street SW., Room comments on this collection of and Plants; Initiation of a 5-Year Status B133–P3214, Washington, DC 20410, information was initially published in Review of the Aleutian Shield Fern telephone 202–708–1515 (this is not a the Federal Register on December 21, toll-free number). Persons with hearing AGENCY: Fish and Wildlife Service, 2010 (Volume 75, Number 244, page Interior. or speech impairments may access this 80066). At that time, FHA still allowed number through TTY by calling the toll- ACTION: Notice; request for information. for loan correspondents to participate in free Federal Relay Service at (800) 877– its programs and had not yet SUMMARY: We, the U.S. Fish and 8339. Copies of available documents transitioned to the use of TPOs. Wildlife Service (Service), are initiating submitted to OMB may be obtained Therefore, FHA estimated information a 5-year status review of the Aleutian from Mr. Burch. collection burdens based on the shield fern under the Endangered SUPPLEMENTARY INFORMATION: This expected used of TPOs by DE lenders. Species Act of 1973, as amended (ESA). notice informs the public that HUD is Three years later, FHA has revised these A 5-year status review is based on the seeking approval from OMB for the estimates with real data, which has best scientific and commercial data information collection described in substantially reduced the information available at the time of the review; Section A. collection burden associated with OMB therefore, we are requesting submission A. Overview of Information Collection Control Number 2502–0600. of any new information on these species Respondents: Business or other for- that has become available since the last Title of Information Collection: profit. review, in 2005. Quality Control Requirements for Direct Estimated Number of Respondents: DATES: To ensure consideration of your Endorsement Lenders. 1,831. OMB Approval Number: 2502–0600. comments in our preparation of this 5- Estimated Number of Responses: year status review, we must receive your Type of Request: Extension of a 135,682. currently approved collection. comments and information by Frequency of Response: Annually. September 12, 2017. However, we will Form Number: N/A. Average Hours per Response: .52. Description of the need for the Total Estimated Burdens: 71,017. accept information about any species at information and proposed use: Under any time. 24 CFR 202.8(3), Direct Endorsement B. Solicitation of Public Comment ADDRESSES: Please submit your (DE) lenders which sponsor third-party This notice is soliciting comments information by any one of the following originators (TPOs) are responsible to the from members of the public and affected methods: Secretary for the actions of TPOs or parties concerning the collection of • Email: leah_kenney@fws.gov; or mortgagees in originating loans or information described in Section A on • U.S. mail or hand delivery: U.S. mortgages, unless applicable law or the following: Fish and Wildlife Service, ATTN: regulation requires specific knowledge (1) Whether the proposed collection Aleutian shield fern, 4700 BLM Road, mstockstill on DSK30JT082PROD with NOTICES on the part of the party to be held of information is necessary for the Anchorage, AK 99507. responsible. As a result, DE lenders are proper performance of the functions of For more about submitting responsible for conducting quality the agency, including whether the information, see Request for Information control on TPO originations of FHA- information will have practical utility; in the SUPPLEMENTARY INFORMATION insured mortgage loans, and ensuring (2) The accuracy of the agency’s section. that their quality control plans contain estimate of the burden of the proposed FOR FURTHER INFORMATION CONTACT: appropriate oversight provisions. This collection of information; (3) Ways to Leah Kenney, Anchorage Fish and VerDate Sep<11>2014 17:44 Jul 13, 2017 Jkt 241001 PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1


Document Created: 2018-10-24 11:18:26
Document Modified: 2018-10-24 11:18:26
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.
DatesComments Due Date: September 12, 2017.
ContactJustin D. Burch, Director, Quality Assurance Division, Office of Lender Activities and Program Compliance, Department of Housing and Urban Development, 451 7th Street SW., Room B133-P3214, Washington, DC 20410, telephone 202-708-1515 (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. Copies of available documents submitted to OMB may be obtained from Mr. Burch.
FR Citation82 FR 32572 
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