View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 2502-0589	ICR Reference No: 201510-2502-007
Status: Historical Active	Previous ICR Reference No: 201408-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/01/2016
	Date Received in OIRA: 05/31/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2019	36 Months From Approved	11/30/2016
Responses	1,283,879	0	1,169,033
Time Burden (Hours)	1,947,929	0	1,520,216
Cost Burden (Dollars)	0	0	0

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FHA-Insured Mortgage Loan Servicing Involving the Loss Mitigation Programs	9539, 91022, 50002, 50012, HUD 27011, HUD 90051, HUD 90035, HUD 90041, HUD 90052, HUD 90045, PA 426, 90041, 90045, 9539, 90051, 90052, 90035	, , , , , , , , , , , , , , , ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	1,283,879	1,169,033	1,010,073	-895,227
Annual Time Burden (Hours)	1,947,929	1,520,216	0	427,713
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Changes have been made to the Loss Mitigation program HUD forms. Economic conditions over the past few years have caused re-default rates on FHA-insured loans to increase, which also caused increases in loss mitigation cases. Since the private sector has tightened their lending requirements on conventional loans, the FHA-insured mortgage loan portfolio has grown from 5.2 million in 2009 to 7.7 in 2015, approximately a 48 percent increase. The FHA market is still increasing thus causing an increased participation in FHA’s Loss Mitigation Program

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