82 FR 45042 - 30-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 82, Issue 186 (September 27, 2017)

Page Range		45042-45043
FR Document		2017-20730

HUD 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 30 days of public comment.

Federal Register, Volume 82 Issue 186 (Wednesday, September 27, 2017)

[Federal Register Volume 82, Number 186 (Wednesday, September 27, 2017)]
[Notices]
[Pages 45042-45043]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20730]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5997-N-60]


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

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: HUD 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 30 days of public comment.

DATES: Comments Due Date: October 27, 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 [email protected], or 
telephone 202-402-3400. This is not a toll-free number. Person 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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on July 
14, 2017 at FR 32572.

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: None.
    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

[[Page 45043]]

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 (i.e., affected public): 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: September 20, 2017.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2017-20730 Filed 9-26-17; 8:45 am]
BILLING CODE 4210-67-P

45042 Federal Register / Vol. 82, No. 186 / Wednesday, September 27, 2017 / Notices

Officer, QMAC, Department of Housing (2) The accuracy of the agency’s through TTY by calling the toll-free
and Urban Development, 451 7th Street estimate of the burden of the proposed Federal Relay Service at (800) 877–8339.
SW., Washington, DC 20410; email collection of information; Copies of available documents
Colette.Pollard@hud.gov, or telephone (3) Ways to enhance the quality, submitted to OMB may be obtained
202–402–3400. This is not a toll-free utility, and clarity of the information to from Ms. Pollard.
number. Person with hearing or speech be collected; and SUPPLEMENTARY INFORMATION: This
impairments may access this number (4) Ways to minimize the burden of notice informs the public that HUD is
through TTY by calling the toll-free the collection of information on those seeking approval from OMB for the
Federal Relay Service at (800) 877–8339. who are to respond: Including through information collection described in
Copies of available documents the use of appropriate automated section A.
submitted to OMB may be obtained collection techniques or other forms of The Federal Register notice that
from Ms. Pollard. information technology, e.g., permitting solicited public comment on the
SUPPLEMENTARY INFORMATION: This
electronic submission of responses. information collection for a period of 60
HUD encourages interested parties to days was published on July 14, 2017 at
notice informs the public that HUD is
submit comment in response to these FR 32572.
seeking approval from OMB for the
questions.
information collection described in A. Overview of Information Collection
Section A. Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35. Title of Information Collection:
The Federal Register notice that
Quality Control Requirements for Direct
solicited public comment on the Dated: September 20, 2017.
Endorsement Lenders.
information collection for a period of 60 Colette Pollard, OMB Approval Number: 2502–0600.
days was published on July 14, 2017 at Department Reports Management Officer, Type of Request: Extension of a
82 FR 32570. Office of the Chief Information Officer. currently approved collection.
A. Overview of Information Collection [FR Doc. 2017–20729 Filed 9–26–17; 8:45 am] Form Number: None.
BILLING CODE 4210–67–P Description of the need for the
Title of Information Collection: Loan information and proposed use: Under
Sales Bidder Qualification Statement. 24 CFR 202.8(3), Direct Endorsement
OMB Approval Number: 2502–0576. DEPARTMENT OF HOUSING AND (DE) lenders which sponsor third-party
Type of Request: Extension of URBAN DEVELOPMENT originators (TPOs) are responsible to the
currently approved collection. Secretary for the actions of TPOs or
[Docket No. FR–5997–N–60]
Form Number: HUD–90092. mortgagees in originating loans or
Description of the need for the 30-Day Notice of Proposed Information mortgages, unless applicable law or
information and proposed use: The Collection: Quality Control regulation requires specific knowledge
Qualification Statement solicits from Requirements for Direct Endorsement on the part of the party to be held
Prospective bidders to the HUD Loan Lenders responsible. As a result, DE lenders are
Sales the basic qualifications required responsible for conducting quality
for bidding including but not limited to, AGENCY: Office of the Chief Information control on TPO originations of FHA-
Purchaser Information (Name of Officer, HUD. insured mortgage loans, and ensuring
Purchaser, Corporate Entity, Address, ACTION: Notice. that their quality control plans contain
Tax ID), Business Type, Net Worth, appropriate oversight provisions. This
Equity Size, Prior History with HUD SUMMARY: HUD submitted the proposed
creates an information collection burden
Loans and prior sales participation. By information collection requirement
on DE lenders, since these institutions
executing the Qualification Statement, described below to the Office of
must conduct quality control on all
the purchaser certifies, represents and Management and Budget (OMB) for
loans they originate and underwrite.
warrants to HUD that each of the review, in accordance with the In addition, under 24 CFR 203.255(c)
statements included are true and Paperwork Reduction Act. The purpose and (e), HUD conducts both pre- and
correct. of this notice is to allow for 30 days of post-endorsement reviews of loans
Respondents (i.e. affected public): public comment. submitted for FHA insurance by DE
Business. DATES: Comments Due Date: October 27, lenders. As part of those reviews, the
Estimated Number of Respondents: 2017. Secretary is authorized to determine if
542. ADDRESSES: Interested persons are there is any information indicating that
Estimated Number of Responses: invited to submit comments regarding any certification or required document
1,264. this proposal. Comments should refer to is false, misleading, or constitutes fraud
Frequency of Response: On occasion. the proposal by name and/or OMB or misrepresentation on the part of any
Average Hours per Response: 0.5 Control Number and should be sent to: party, or that the mortgage fails to meet
hours. HUD Desk Officer, Office of a statutory or regulatory requirement. In
Total Estimated Burdens: 316. Management and Budget, New order to assist the Secretary with this
Executive Office Building, Washington, directive, FHA requires that lenders
B. Solicitation of Public Comment DC 20503; fax: 202–395–5806, Email: self-report all findings of fraud and
This notice is soliciting comments OIRASubmission@omb.eop.gov material misrepresentation, as well any
asabaliauskas on DSKBBXCHB2PROD with NOTICES

from members of the public and affected FOR FURTHER INFORMATION CONTACT: material findings concerning the
parties concerning the collection of Colette Pollard, Reports Management origination, underwriting, or servicing
information described in Section A on Officer, QMAC, Department of Housing of the loan that the lender is unable to
the following: and Urban Development, 451 7th Street mitigate or otherwise resolve. The
(1) Whether the proposed collection SW., Washington, DC 20410; email obligation to self-report these findings
of information is necessary for the Colette.Pollard@hud.gov, or telephone creates an additional information
proper performance of the functions of 202–402–3400. This is not a toll-free collection burden on DE lenders.
the agency, including whether the number. Person with hearing or speech In accordance with the requirements
information will have practical utility; impairments may access this number of 5 CFR 1320.8(d), a Notice soliciting

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Federal Register / Vol. 82, No. 186 / Wednesday, September 27, 2017 / Notices 45043

comments on this collection of DEPARTMENT OF HOUSING AND Federal Standards and Procedural
information was initially published in URBAN DEVELOPMENT Regulations require manufactured home
the Federal Register on December 21, producers to place labels and notices in
[Docket No. FR–5997–N–59]
2010 (Volume 75, Number 244, page and on manufactured homes and
80066). At that time, FHA still allowed 30-Day Notice of Proposed Information mandate State and Private agencies
for loan correspondents to participate in Collection: Manufactured Home participating in the Federal program to
its programs and had not yet Construction and Safety Standards Act issue reports. Under revisions to the
transitioned to the use of TPOs. Reporting Requirements current reporting requirements and
Therefore, FHA estimated information regulations, a streamlined procedure
collection burdens based on the AGENCY: Office of the Chief Information was added that will allow
Officer, HUD. manufacturers, under certain
expected used of TPOs by DE lenders.
Three years later, FHA has revised these ACTION: Notice. circumstances, to complete construction
of their homes on-site rather than in the
estimates with real data, which has SUMMARY: HUD submitted the proposed factory without first having to obtain
substantially reduced the information information collection requirement advance approval from HUD.
collection burden associated with OMB described below to the Office of In addition, some information
Control Number 2502–0600. Management and Budget (OMB) for collected assists both HUD and State
Respondents (i.e., affected public): review, in accordance with the Agencies in locating manufactured
Business or other for-profit. Paperwork Reduction Act. The purpose homes with defects, which then would
of this notice is to allow for 30 days of create the need for notification and/or
Estimated Number of Respondents:
public comment. correction by the manufacturer.
1,831.
DATES: Comments Due Date: October 27, Respondents (i.e., affected public):
Estimated Number of Responses: 2017.
135,682. Business or other for-profit.
ADDRESSES: Interested persons are Estimated Number of Respondents:
Frequency of Response: Annually. invited to submit comments regarding 182.
Average Hours per Response: .52. this proposal. Comments should refer to Estimated Number of Responses:
the proposal by name and/or OMB 105,479.
Total Estimated Burdens: 71,017.
Control Number and should be sent to:
Frequency of Response: Monthly.
B. Solicitation of Public Comment HUD Desk Officer, Office of
Management and Budget, New Average Hours per Response: 1.5.
This notice is soliciting comments Executive Office Building, Washington, Total Estimated Burdens: 147,515.
from members of the public and affected DC 20503; fax: 202–395–5806, Email: B. Solicitation of Public Comment
parties concerning the collection of OIRA Submission@omb.eop.gov
information described in section A on FOR FURTHER INFORMATION CONTACT:
This notice is soliciting comments
the following: Colette Pollard, Reports Management from members of the public and affected
Officer, QMAC, Department of Housing parties concerning the collection of
(1) Whether the proposed collection information described in Section A on
of information is necessary for the and Urban Development, 451 7th Street
SW., Washington, DC 20410; email the following:
proper performance of the functions of
Colette.Pollard@hud.gov, or telephone (1) Whether the proposed collection
the agency, including whether the of information is necessary for the
information will have practical utility; 202–402–3400. This is not a toll-free
number. Person with hearing or speech proper performance of the functions of
(2) The accuracy of the agency’s impairments may access this number the agency, including whether the
estimate of the burden of the proposed through TTY by calling the toll-free information will have practical utility;
collection of information; Federal Relay Service at (800) 877–8339. (2) The accuracy of the agency’s
(3) Ways to enhance the quality, Copies of available documents estimate of the burden of the proposed
utility, and clarity of the information to submitted to OMB may be obtained collection of information;
be collected; and from Ms. Pollard. (3) Ways to enhance the quality,
SUPPLEMENTARY INFORMATION: This utility, and clarity of the information to
(4) Ways to minimize the burden of
notice informs the public that HUD is be collected; and
the collection of information on those
seeking approval from OMB for the (4) Ways to minimize the burden of
who are to respond: Including through
information collection described in the collection of information on those
the use of appropriate automated
Section A. who are to respond: Including through
collection techniques or other forms of the use of appropriate automated
The Federal Register notice that
information technology, e.g., permitting collection techniques or other forms of
solicited public comment on the
electronic submission of responses. information technology, e.g., permitting
information collection for a period of 60
HUD encourages interested parties to days was published on July 13, 2017 at electronic submission of responses.
submit comment in response to these 82 FR 32373. HUD encourages interested parties to
questions. submit comment in response to these
A. Overview of Information Collection
Authority: Section 3507 of the Paperwork questions.
asabaliauskas on DSKBBXCHB2PROD with NOTICES

Reduction Act of 1995, 44 U.S.C. Chapter 35.
Title of Information Collection: Authority: Section 3507 of the Paperwork
Manufactured Home Construction and Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: September 20, 2017. Safety Standards Act Reporting
Colette Pollard, Requirements. Dated: September 20, 2017.
OMB Approval Number: 2502–0253. Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer. Type of Request: Revision. Department Reports Management Officer,
Form Number: None. Office of the Chief Information Officer.
[FR Doc. 2017–20730 Filed 9–26–17; 8:45 am]
Description of the need for the [FR Doc. 2017–20715 Filed 9–26–17; 8:45 am]
BILLING CODE 4210–67–P
information and proposed use: The BILLING CODE 4210–67–P

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Document Created: 2018-10-24 14:47:30
Document Modified: 2018-10-24 14:47:30

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 27, 2017.
Contact		Colette Pollard, Reports Management Officer, QMAC, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email [email protected], or telephone 202-402-3400. This is not a toll-free number. Person 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.
FR Citation		82 FR 45042