The Department of Housing and Urban Development (HUD) has sent a proposed information collection to the Office of Management and Budget (OMB) for review. This involves a request to extend approval for the "Mortgage Record Change" collection, which helps ensure HUD-approved mortgagees properly report mortgage sales or transfer of servicing responsibilities. The public is invited to comment on various aspects of the collection, such as its necessity, accuracy of burden estimates, and ways to improve its quality and reduce response burdens by February 24, 2021.
Simple Explanation
The Department of Housing and Urban Development (HUD) wants people to comment on their plan to keep track of when houses are sold or their payment services are changed. They are asking if this is important and if it can be done in a simpler way.