[Federal Register Volume 61, Number 117 (Monday, June 17, 1996)]
[Pages 30633-30634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15229]


[Docket No. FR-3917-N-93]

Government National Mortgage Association; Notice of Proposed 
Information Collection for Public Comment

AGENCY: Government National Mortgage Association, 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: August 16, 1996.

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: Sonya K. Suarez, Government 
National Mortgage Association, Office of Program, Policy, Procedure, 
and Risk Management, Department of Housing & Urban Development, 451-7th 
Street, SW, Room 6222, Washington, DC 20410.

Sonya K. Suarez, on (202) 708-2884 (this is not a toll-free number) for 
copies of the proposed forms and other available documents.

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).
    The Notice is soliciting comments from members of the public and 
affecting 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 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

[[Page 30634]]

other forms of information technology, e.g., permitting electronic 
submission of responses.
    This Notice also lists the following information:
    Title of Proposal: Application for Approval FHA Lender and/or 
Ginnie Mae Mortgage-Backed Securities Issuer.
    OMB Control Number: 2503-0012.
    Description of the need for the information and proposed use: This 
form is used by mortgage lenders who wish to apply to become a FHA-
approved lender or loan correspondent under Title I and/or Title II 
program and/or an approved issuer with Ginnie Mae. The form requires 
lenders to provide specific information about their mortgage lending 
operations, business background and experience. It sets out the 
information FHA/Ginnie Mae requires to determine if the applicant meets 
FHA/Ginnie Mae eligibility requirements.
    Agency form numbers: HUD 11702/92001.
    Members of affected public: Business or other for-profit and the 
Federal Government.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:
    Respondents: FHA--1800; Ginnie Mae--50.
    Frequency of response: one time application.
    Reporting Burden:

                                         Number of          Frequency of           Hours per             Burden 
                                        respondents    x      responses     x      response       =      hours  
FHA.................................            1800                    1                         .50        900
Ginnie Mae..........................              50                    1                         .75         38

    Total Estimated Burden Hours: 938.
    Status: Extension of a currently approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: May 30, 1996.
Thomas R. Weakland,
Acting Executive Vice President, Government National Mortgage 
[FR Doc. 96-15229 Filed 6-14-96; 8:45 am]