[Federal Register Volume 62, Number 114 (Friday, June 13, 1997)]
[Notices]
[Pages 32361-32362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15509]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4200-N-67]
Notice of Proposed Information Collection for Public Comment
AGENCY: Government National Mortgage Association, 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: August 12, 1997.
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 Policy, Program and Risk
Management, Department of Housing & Urban Development, 451--7th Street,
SW., Room 6226, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Sonya K. Suarez, on (202) 708-2772 (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 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 other forms of information technology, e.g., permitting
electronic submission of responses.
This Notice also lists the following information:
Title of Proposal: Ginnie Mae Issuer Eligibility and Integrity
Reforms.
OMB Control Number: 2503-0027.
[[Page 32362]]
Description of the need for the information and proposed use: The
collection of information enables Ginnie Mae to hold issuers to higher
eligibility standards and integrity standards. As guarantor of over
$500 billion of outstanding mortgage-backed securities, it is Ginnie
Mae's responsibility to have the proper risk management requirements in
place to adequately protect the Government's interest. The collection
of information will enable Ginnie Mae to better assess the capability
of each issuer to fulfill its responsibility as a Ginnie Mae issuer.
Agency form numbers: not applicable.
Members of affected public: Business or other for-profit and the
Federal Government.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response:
Reporting Burden:
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No. of Hours of Total
Description respondents response Total hours annual cost
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Cross Default Agreement..................................... 10 1 10 $220
Personnel Disclosure........................................ 81 1 81 1,782
Classified Balance Sheet.................................... 620 8 4,960 109,120
Changes in Issuer Control................................... 31 1 31 682
Changes in Issuer Status.................................... 31 1 31 682
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Total Hours & Cost.................................... ........... ........... 5,113 112,486
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* responses per respondent = 1.
* wage rate = $22/hour.
Total Estimated Burden Hours: 5,113.
Status: Reinstatement, with change, of previously approved
collection for which approval has expired.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: May 28, 1997.
George S. Anderson,
Executive Vice President, Government National Mortgage Association.
[FR Doc. 97-15509 Filed 6-12-97; 8:45 am]
BILLING CODE 4210-01-M