The Department of Housing and Urban Development (HUD) is seeking public feedback on a proposed information collection related to local appeals for single-family mortgage limits. HUD wants comments to help decide if it should extend the current collection process, which lets parties request an increase in mortgage limits if they believe they don't reflect local sales prices. Interested individuals can submit their comments by January 6, 2025, to help HUD evaluate the accuracy and burden of this information process. The feedback will assist in determining how to improve and possibly automate the process to make it more efficient.
Simple Explanation
The Department of Housing and Urban Development (HUD) wants people to tell them if the way they let people ask for more money for their house loans is good or needs to be better. They hope to use these ideas to decide if they should keep doing it the same way or change to make it easier for people.