Agency information collection activities; proposals, submissions, and approvals,
[Federal Register: October 18, 2006 (Volume 71, Number 201)]
[Notices]
[Page 61494-61496]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18oc06-73]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5040-N-02]
Notice of Proposed Information Collection: Comment Request Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)
AGENCY: Office of the President of Government National Mortgage Association (Ginnie Mae), HUD.
ACTION: Notice.
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: December 18, 2006.
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: Lillian Deitzer, QDAM, Information Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 800a, Washington, DC 20410; fax--(202) 708-3135; e-mail_Lillian_L._Deitzer@hud.gov; telephone--(202) 708-2374 (this is not a toll-free
number).
FOR FURTHER INFORMATION CONTACT: Debra Murphy, Ginnie Mae, 451 7th Street, SW., Room B-133, Washington, DC 20410; e-mail_Debra_L._Murphy@hud.gov; 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_Victoria_Vargas@hud.gov; 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 copies of the proposed forms and 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 reflects the change in burden hours due to Ginnie Mae consolidating its data collection process for program participants and due to an increase in data reporting requirements as it relates to Ginnie Mae's proposed Home Equity Conversion Mortgages security.
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 Mortgage-Backed Securities (``MBS'') programs (``Ginnie Mae I and Ginnie Mae II''). Participants in the Ginnie Mae I program issue securities backed by single-family or multifamily loans. Participants in the Ginnie Mae II program issue securities backed by single-family loans. The Ginnie Mae II MBS are modified pass-through MBS on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their Ginnie Mae II MBS. The Ginnie Mae II MBS also allow small issuers who do not meet the minimum dollar pool 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, 11712, 11712-II, 11714, 11714-SN, 11715, 11717, 11717-II, 11720, 1724, 11728, 11728-II, 1731, 11732, 1734, 11747, 11747-II, 11748-A, 11772-II.
Estimation of the total number of hours needed to prepare the information collection, including number of respondents, frequency of response, and hours of response:
[[Page 61495]]
Frequency of Form
Appendix No.
Title
No. of responses per Total annual Hours per Total annual respondents
year
responses response
hours
11700........................... II-1.............. Letter of
160
4
640
0.033
21 Transmittal. 11701........................... I-1............... Application for
16
1
16
1.000
16 Approval FHA Lender and/or Ginnie Mae Mortgage-Backed Securities Issuer. 11702........................... I-2............... Resolution of
250
1
250
0.080
20 Board of Directors and Certificate of Authorized Signatures. 11704........................... II-2.............. Commitment to
160
4
640
0.033
21 Guaranty Mortgage- Backed Securities. 11705........................... III-6............. Schedule of
250
1
2,012
0.005
10 Subscribers and Ginnie Mae Guaranty Agreement. 11706........................... III-7............. Schedule of Pooled
250
1
2,012
0.0075
15 Mortgages. 11707........................... III-1............. Master Servicing
250
1
250
0.016
4 Agreement. 11708........................... V-5............... Document Release
250
34
8,500
0.050
425 Request. 11709........................... III-2............. Master Agreement
250
1
250
0.033
8 for Servicer's Principal and Interest Custodial Account. 11709-A......................... I-6............... ACH Debit
250
1
250
0.033
8 Authorization. 11710A, 1710B, 1710C & 11710E... VI-12............. Issuer's Monthly
95
1
95
0.500
48 Accounting Report and Liquidation Schedule. 11710 D......................... VI-5.............. Issuer's Monthly
95
1
95
0.250
24 Summary Reports. 11711A and 11711B............... III-5............. Release of
250
12
24144
0.005
121 Security Interest and Certification and Agreement. 11712, 11712-II, 11717, 11717- IV-6, IV-23, V-4, Ginnie Mae I and
250
12
24,144
0.133
3,211 II, 1724, 11728, 11728-II,
IV-20, IV-8, IV- II Prospectus 1731, 1734, 11747, 11747-II, 24, IV-5, IV-22, Forms. and 11772-II.
IV-21, IV-9, IV- 10, IV-7. 11714 and 11714SN............... VI-10, VI-11...... Issuer's Monthly
250
379
94,750
0.016
1,516 Remittance Advice and Issuer's Monthly Serial Note Remittance Advice. 11715........................... III-4............. Master Custodial
250
1
250
0.033
8 Agreement. 11720........................... III-3............. Master Agreement
250
1
250
0.033
8 for Servicer's Escrow Custodial Account. 11732........................... III-22............ Custodian's
75
1
75
0.016
1 Certification for Construction Securities. 11748 A......................... VI-6.............. Graduated Payment
46
8
368
0.016
6 Mortgage or Growing Equity Mortgage Pool or Loan Package Composition. IX-1.............. Financial
250
1
250
1.000
250 Statements and Audit Reports. Mortgage Bankers
245
4
980
0.500
490 Financial Reporting Form.
[[Page 61496]]
XI-6, XI-8, XI-9.. Soldiers' and
68
1,245
84,660
0.033
2,794 Sailors' Quarterly Reimbursement Request and SSCRA Loan Eligibility Information. VI-2.............. Letter for Loan
250
12
2,376
0.030
71 Repurchase. III-21............ Certification
75
1
75
0.050
4 Requirements for the Pooling of Multifamily Mature Loan Program. VI-9.............. Request for
20
1
68
0.250
17 Reimbursement of Mortgage Insurance Claim Costs for Multifamily Loans. VII-1............. Collection of
250
12 7,328,856
0.004
29,315 Remaining Principal Balances. Data Verification
250
2
500
0.050
25 Form. III-9............. Authorization to
41
12
492
0.016
8 Accept Facsimile Signed Correction Request Forms. III-13............ Electronic Data
250
1
250
0.166
42 Interchange System Agreement. III-14............ Enrollment
250
1
250
0.100
25 Administrator Signatories for Issuers and Document Custodians. Corporate Guaranty
34
1
34
0.050
2 Agreement. I-4............... Cross Default
71
1
71
0.050
4 Agreement. VIII-2............ Transfer
10
1
10
0.080
1 Agreements. VIII-3............ Assignment
79
1
10
0.130
1 Agreements. VIII-1............ Acknowledgement
10
1
10
0.083
1 Agreement and Accompanying Documents--Pledge of Servicing. XI-2.............. Supervisory
10
1
10
0.080
1 Agreement. Ginnie Mae
250
12
3,000
4.304
12,912 Reporting and Feedback Data Collection.
Total....................... .................. ..................
250
Varies 7,577,804
Varies
38,541
Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended.
Dated: October 11, 2006. Michael J. Frenz, Executive Vice President, Government National Mortgage Association.
[FR Doc. E6-17288 Filed 10-17-06; 8:45 am]
BILLING CODE 4210-67-P
