Federal Register #2502-0589

HUD Seeks Public Comment on FHA Loss Mitigation Information Collection

HUD is seeking public comment on a proposed revision to its information collection for FHA-insured mortgage loan servicing loss mitigation programs. - Government Buyer: - Department of Housing and Urban Development (HUD) - Office of Housing, Federal Housing Administration (FHA) - Products/Services Requested: - Information collection related to FHA-insured mortgage loan servicing loss mitigation - Forms included: HUD-90035, HUD-90045, HUD-90051, HUD-90052 - Supplemental documents for Reinstatement Advance Payment (RAP) Repayment Agreement and updated partial claim documents - Respondents: - Mortgagees or borrowers involved in FHA-insured mortgages - Purpose and Requirements: - Supports FHA's Loss Mitigation program to help bring delinquent mortgages current - Provides alternatives to foreclosure and minimizes losses to FHA's Mutual Mortgage Insurance Fund - Solicits feedback on necessity, accuracy, and burden of the proposed collection - No OEMs or commercial vendors are mentioned, as this is an information collection request, not a procurement of products or services.

Description

HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection related to FHA-insured mortgage loan servicing involving loss mitigation programs. The notice invites public comments for 60 days on the proposed collection of information. The collection includes forms HUD-90035, HUD-90045, HUD-90051, and HUD-90052, and aims to support FHA's Loss Mitigation program to assist mortgagees in bringing delinquent FHA-insured mortgages current and minimizing losses to FHA's Mutual Mortgage Insurance Fund. The information collection is a revision of a currently approved collection and involves mortgagees or borrowers as respondents.

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