[Federal Register Volume 63, Number 198 (Wednesday, October 14, 1998)]
[Notices]
[Pages 55136-55137]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-27557]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4375-N-03]


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: Comment due: December 14, 1998.

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 Suarez, Office of Policy, 
Planning and Risk Management, Department of Housing & Urban 
Development, 451 7th Street, SW, Room 6226, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Sonya Suarez, Ginnie Mae, (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 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection of information is 
necessary for the proper

[[Page 55137]]

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 other 
forms of information technology, e.g., permitting electronic submission 
of responses.
    This Notice also lists the following information:
    Title of Proposal: Schedule of Subscribers and Guaranty/Contractual 
Agreement.
    OMB Control Number, if applicable: 2503-0009.
    Description of the need for the information and proposed use: The 
purpose of this information is to provide Ginnie Mae with a listing of 
subscribers/purchasers of the mortgage-backed securities approved, as 
well as other information needed to prepare the securities. The form 
also provides the contractual agreement between the issuer and Ginnie 
Mae. By execution of this form, the issuer and Ginnie Mae agree to 
contract for the issuance and guaranty of securities backed by the 
mortgage making up the pool and incorporate by reference all of the 
terms and conditions of the Ginnie Mae Mortgage-Backed Securities 
Guides.
    Agency form numbers, if applicable: HUD form 11705.
    Members of affected public: For-profit businesses (mortgage 
companies, thrifts, savings & loans, etc.).
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

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                                                                                  Frequency of       Hours of
                                                                 Respondents        response        response*
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MBS Issuers 11700............................................             399               59           23,541
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    Status of the proposed information collection: Reinstatement, with 
change, of a previously approved collection.

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

    Dated: October 6, 1998.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 98-27557 Filed 10-13-98; 8:45 am]
BILLING CODE 4210-01-M