[Federal Register Volume 75, Number 51 (Wednesday, March 17, 2010)]
[Notices]
[Pages 12773-12775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5808]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5379-N-02]
Notice of Proposed Information Collection: Comment Request Ginnie
Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and
Electronic Data Submissions); Notice of Proposed Information
Collection: Comment Request
AGENCY: Office of the President of Government National Mortgage
Association (Ginnie Mae), HUD.
ACTION: Notice.
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SUMMARY: The proposed information collection requirement described
below will be 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: May 17, 2010.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: Leroy McKinney Jr., QDAM,
Information Reports Management Officer, Department or Housing and Urban
Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 800a,
Washington, DC 20410; e-mail [email protected]; telephone (202)
708-5564. This is not a toll-free number. Copies of available documents
submitted to OMB may be obtained from Mr. McKinney.
FOR FURTHER INFORMATION CONTACT: Debra Murphy, Ginnie Mae, 451 7th
Street, SW., Room B-133, Washington, DC 20410; e-mail_
[email protected]; telephone--(202) 475-4923; fax--(202) 485-0225
(this is not a toll-free number); Victoria Vargas, Ginnie Mae, 451 7th
Street, SW., Room B-133, Washington, DC 20410; e-mail_
[email protected]; telephone--(202) 475-6752; fax--(202) 485-0225
(this is not a toll-free number); or the Ginnie Mae Web site at http://www.ginniemae.gov for other available information.
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
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 hours 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: Ginnie Mae Mortgage-Backed Securities Guide
5500.3, Revision 1 (Forms and Electronic Data Submissions).
OMB Control Number, if applicable: 2503-0033.
Description of the need for the information and proposed use:
Ginnie Mae's Mortgage-Backed Securities Guide 5500.3, Revision 1
(``Guide'') provides instructions and guidance to participants in the
Ginnie Mae
[[Page 12774]]
Mortgage-Backed Securities (``MBS'') programs (``Ginnie Mae I and
Ginnie Mae II''). Under the Ginnie Mae I program, securities are backed
by single-family or multifamily loans. Under the Ginnie Mae II program
securities are only backed by single-family loans. Both the Ginnie Mae
I and II MBS are modified pass-through securities. The Ginnie Mae II
multiple Issuer MBS is structured so that small issuers, who do not
meet the minimum number of loans and dollar amount requirements of the
Ginnie Mae I MBS to participate in the secondary mortgage market. In
addition, the Ginnie Mae II MBS permit the securitization of adjustable
rate mortgages (``ARMs''). Included in the Guide are appendices, forms,
and documents necessary for Ginnie Mae to properly administer its MBS
programs.
Agency form numbers, if applicable: 11700, 11701, 11702, 11704,
11705, 11706, 11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C,
11710D, 11710E, 11711-A, 11711-B, 11714, 11714-SN, 11720, 11715, 11732,
11785.
While most of the calculations are based on number of respondents
multiplied by the frequency of response; there are several items whose
calculations are based on volume.
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Frequency of
Form Appendix No. Title Number of responses per Total annual Hours per Total annual
respondents year responses response hours
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11700........................... II-1.............. Letter of 210 4 840 0.033 27.7
Transmittal.
11701........................... I-1............... Application for 100 1 100 1 100.0
Approval Ginnie
Mae Mortgage-
Backed Securities
Issuer.
11702........................... I-2............... Resolution of 210 1 210 0.08 16.8
Board of
Directors and
Certificate of
Authorized
Signatures.
11704........................... II-2.............. Commitment to 210 4 840 0.033 27.7
Guaranty Mortgage-
Backed Securities.
11707........................... III-1............. Master Servicing 210 1 210 0.016 3.4
Agreement.
11709........................... III-2............. Master Agreement 210 1 210 0.033 6.9
for Servicer's
Principal and
Interest
Custodial Account.
11715........................... III-4............. Master Custodial 210 1 210 0.033 6.9
Agreement.
11720........................... III-3............. Master Agreement 210 1 210 0.033 6.9
for Servicer's
Escrow Custodial
Account.
11732........................... III-22............ Custodian's 144 1 144 0.016 2.3
Certification for
Construction
Securities.
IX-1.............. Financial 210 1 210 1 210.0
Statements and
Audit Reports.
Mortgage Bankers 350 4 1400 0.5 700.0
Financial
Reporting Form.
11709-A......................... I-6............... ACH Debit 210 1 210 0.033 6.9
Authorization.
11710 D......................... VI-5.............. Issuer's Monthly 210 12 2520 0.033 83.2
Summary Reports.
11710A, 1710B, 1710C & 11710E... VI-12............. Issuer's Monthly 110 1 110 0.5 55.0
Accounting Report
and Liquidation
Schedule.
Data Verification 210 2 420 0.05 21.0
Form.
III-13............ Electronic Data 40 1 40 0.166 6.6
Interchange
System Agreement.
III-14............ Enrollment 54 1 54 2 108.0
Administrator
Signatories for
Issuers and
Document
Custodians.
I-4............... Cross Default 10 1 10 0.05 0.5
Agreement.
VII-18............ WHFIT Reporting... 210 4 840 0.25 210.0
VII-19............ Monthly Pool and 210 12 2520 4.3 10836.0
Loan Level Report
(RFS).
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The Burden for the Items Listed Below Is Based on Volume and/or Number of Requests
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11705........................... III-6............. Schedule of 210 12 24800 0.0075 186.0
Subscribers and
Ginnie Mae
Guaranty
Agreement.
11706........................... III-7............. Schedule of Pooled 210 12 24800 0.0075 186.0
Mortgages.
11708........................... V-5............... Document Release 210 1 374 0.05 18.7
Request.
XI-6, XI-8, XI-9.. Soldiers' and 32 4 8000 0.033 1056.0
Sailors'
Quarterly
Reimbursement
Request and SSCRA
Loan Eligibility
Information.
11711A and 11711B............... III-5............. Release of 210 1 24800 0.005 124.0
Security Interest
and Certification
and Agreement.
11714 and 11714SN............... VI-10, VI-11...... Issuer's Monthly 210 12 56500 0.016 10848.0
Remittance Advice
and Issuer's
Monthly Serial
Note Remittance
Advice.
VI-2.............. Letter for Loan 210 12 420 0.033 13.9
Repurchase.
VII-1............. Collection of 210 12 344000 0.0125 51600.0
Remaining
Principal
Balances.
III-21............ Certification 11 1 11 0.05 0.6
Requirements for
the Pooling of
Multifamily
Mature Loan
Program.
VI-9.............. Request for 56 1 56 0.25 14.0
Reimbursement of
Mortgage
Insurance Claim
Costs for
Multifamily Loans.
VIII-3............ Assignment 63 1 63 0.13 8.2
Agreements.
III-9............. Authorization to 210 12 128 0.016 2.0
Accept Facsimile
Signed Correction
Request Forms.
Total....................... .................. .................. .............. Varies 495,260 Varies 76,493
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[[Page 12775]]
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: March 11, 2010.
Mary K. Kinney,
Executive Vice President, Government National Mortgage Association.
[FR Doc. 2010-5808 Filed 3-16-10; 8:45 am]
BILLING CODE 4210-67-P