Office of the Assistant Secretary for Housing-Federal Housing Commissioner, HUD.
The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.
Comments Due Date: June 2, 2003.
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: Wayne Eddins, Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 8003, Washington, DC 20410, or Wayne_Eddins@hud.gov.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Vance Morris, Director, Office of Single Family Program Development, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410, telephone (202) 708-2121 (this is not a toll free number) for copies of the proposed forms and other available information.End Further Info End Preamble Start Supplemental Information
The Department is submitting the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses.
This Notice also lists the following information:
Title of Proposal: Direct Endorsement Underwriter HUD Reviewer—Analysis of Appraisal Report.
OMB Control Number, if applicable: 2502-0477.
Description of the need for the information and proposed use: The Department will collect information on appraisal reports considered deficient by the underwriter and to document efforts to resolve any discrepancies. The information collected is used by HUD to monitor the quality of the lender's analysis of the appraisal report, identify areas of weakness for future training, and remove lenders that consistently exhibit careless underwriting and subsequently affect a risk to the Department.
Agency form numbers, if applicable: HUD-54114.
Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The estimated number of respondents is 375,000 generating approximately 375,000 annual responses; the frequency of response is on occasion; the estimated time needed to prepare the response is 3 minutes; and estimated annual burden hours requested is 18,750.
Status of the proposed information collection: Reinstatement, without change, of a previously approved collection for which approval has expired.Start Signature
Dated: March 26, 2003.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing—Deputy Federal Housing Commissioner.
[FR Doc. 03-7854 Filed 4-1-03; 8:45 am]
BILLING CODE 4210-27-M