[Federal Register Volume 75, Number 63 (Friday, April 2, 2010)]
[Notices]
[Pages 16821-16822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-7488]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5376-N-21]
Housing Finance Agency Risk-Sharing Program
AGENCY: Office of the Chief Information Officer, 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.
Section 542(c) of the Risk Sharing Program authorizes qualified
Housing Finance Agencies (HFAs) to underwrite and process loans. HUD
provides full mortgage insurance on affordable multifamily housing
project processed by HFAs under this program. Qualified HFAs are vested
with the maximum amount of processing responsibilities. By entering
into Risk-Sharing Agreement with HUD, HFAs contract to
[[Page 16822]]
reimburse HUD for a portion of the loss from any defaults that occur
while HUD insurance is in force.
DATES: Comments Due Date: May 3, 2010.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
approval Number (2502-0500) and should be sent to: HUD Desk Officer,
Office of Management and Budget, New Executive Office Building,
Washington, DC 20503; fax: 202-395-5806.
FOR FURTHER INFORMATION CONTACT: Leroy McKinney, Jr., Reports
Management Officer, QDAM, Department of Housing and Urban Development,
451 Seventh Street, SW., Washington, DC 20410; e-mail Leroy McKinney,
Jr. at [email protected] or telephone (202) 402-5564. This is
not a toll-free number. Copies of available documents submitted to OMB
may be obtained from Mr. McKinney.
SUPPLEMENTARY INFORMATION: This notice informs the public that the
Department of Housing and Urban Development has submitted to OMB a
request for approval of the Information collection described below.
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 of information 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 through 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: Housing Finance Agency Risk-Sharing Program.
OMB Approval Number: 2502-0500.
Form Numbers: HUD-2703B, HUD-92080, HUD-92426, HUD-94193, HUD-
94196, HUD-2744-A, HUD-2744-B, HUD-2744-C, HUD-2744-D, HUD-2744-E, HUD-
94194, HUD-94192, SF-LLL, HUD-7015.15, HUD-7015.16.
Description of the Need for the Information and its Proposed Use:
Section 542(c) of the Risk Sharing Program authorizes qualified Housing
Finance Agencies (HFAs) to underwrite and process loans. HUD provides
full mortgage insurance on affordable multifamily housing project
processed by HFAs under this program. Qualified HFAs are vested with
the maximum amount of processing responsibilities. By entering into
Risk-Sharing Agreement with HUD, HFAs contract to reimburse HUD for a
portion of the loss from any defaults that occur while HUD insurance is
in force.
Frequency of Submission: On occasion.
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Number of Annual Hours per
respondents responses x response = Burden hours
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Reporting Burden.................................. 915 16.1836 ............... 1.9529 ............... 28,919
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Total Estimated Burden Hours: 28,919.
Status: Revision, with change, of previously approved collection
for which approval has expired.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. 35, as amended.
Dated: March 25, 2010.
Leroy McKinney, Jr.,
Departmental Reports Management Officer, Office of the Chief
Information Officer.
[FR Doc. 2010-7488 Filed 4-1-10; 8:45 am]
BILLING CODE 4210-67-P