[Federal Register Volume 63, Number 243 (Friday, December 18, 1998)]
[Notices]
[Pages 70153-70154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33547]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4375-N-05]


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: February 16, 1999.

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 and 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 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

[[Page 70154]]

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 Multiclass Securities Guide.
    OMB Control Number, if applicable: 2503-0030.
    Description of the need for the information and proposed use: The 
Multiclass Securities Guide (Guide) is used by program participants to 
obtain guidance and information on the Ginnie Mae Multiclass Securities 
Program. The Guide contains participation requirements for the REMICs, 
callable trust and platinum securities transactions.
    Agency form numbers, if applicable: Not applicable.
    Members of affected public: For-profit businesses (mortgage 
companies, thrifts, savings & loans, etc.).
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

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                                                                    Number of     Est. average     Est. annual
                          Participants                            participants    response time    burden hours
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Sponsor........................................................              20              .5             10
Co-Sponsor.....................................................              10              .5              5
Trust Counsel..................................................               8              .5              4
Co-Trust Counsel...............................................               8              .5              4
Accountant.....................................................               3              .5              1.5
Trustee........................................................               8              .5              4
                                                                ------------------------------------------------
    Total......................................................              57              .5             28.5
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    Status of the proposed information collection: This is a 
reinstatement, with change of a previously approved collection 
information for which approval has expired.

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

    Dated: December 1, 1998.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 98-33547 Filed 12-17-98; 8:45 am]
BILLING CODE 4210-01-M