[Federal Register Volume 62, Number 213 (Tuesday, November 4, 1997)]
[Notices]
[Page 59723]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29103]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4032-N-05]


Submission for OMB Review: Comment Request

AGENCY: Office of Administration, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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.

DATES: Comments due date: December 4, 1997.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this Notice. Comments should refer to the proposal by name 
and/or OMB approval number and should be sent to: Joseph F. Lackey, 
Jr., OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Kay F. Weaver, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
Southwest, Washington, DC 20410, telephone (202) 708-2374. This is not 
a toll-free number. Copies of the proposed forms and other available 
documents submitted to OMB may be obtained from Ms. Weaver.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35).
    The Notice lists the following information: (1) The title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the names and telephone 
numbers of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: October 29, 1997.
David S. Cristy,
Director, Information Resources, Management Policy and Management 
Division.

Notice of Submission of Proposed Information Collection to OMB

    Title of Proposal: Loss Mitigation Evaluation.
    Office: Housing.
    OMB Approval Number: None.
    Description of the Need for the Information and Its Proposed Use: 
The new section 24 CFR 203.605, ``Loss Mitigation Evaluation,'' 
requires mortgagees to perform an evaluation of each defaulting 
mortgagor's circumstances to determine which if any of the available 
loss mitigation techniques are appropriate in order to assist the 
mortgagor. This information is needed to ascertain whether adequate and 
prudent loan servicing was performed by the mortgagee. The information 
the lender submitted for a claim for FHA insurance benefits will be 
subject to post claim review under the Department's lender monitoring 
activities.
    Form Number: None.
    Respondents: Business or other for-profit.
    Frequency of Submission: Annually and recordkeeping.
    Reporting Burden:

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                                   Number of            Frequency of           Hours per                        
                                  respondents     x       response      x       response      =    Burden hours 
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Evaluation....................         650,000                     1                   .25              156,250 
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    Total Estimated Burden Hours: 156,250.
    Status: New.
    Contact: Leslie Bromer, HUD, (202) 708-1719; Joseph F. Lackey, Jr., 
OMB, (202) 395-7316.

    Dated: October 29, 1997.

[FR Doc. 97-29103 Filed 11-3-97; 8:45 am]
BILLING CODE 4210-01-M