[Federal Register Volume 64, Number 112 (Friday, June 11, 1999)]
[Notices]
[Pages 31601-31602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14922]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4447-N-1]


Proposed Information Collection: Comment Request; Commitment To 
Guarantee Mortgage-Backed Securities

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

[[Page 31602]]

review, as required by the Paperwork Reduction Act. The Department is 
soliciting public comments on the subject proposal.

DATES: Comments due date: August 10, 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 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: Commitment to Guarantee Mortgage-Backed 
Securities.
    OMB Control Number, if applicable: 2503-0001.
    Description of the need for the information and proposed use: This 
form is used by Mortgage-Backed Securities issuers to apply for Ginnie 
Mae commitment authority to guarantee mortgage-backed securities.
    Agency form numbers, if applicable: HUD Form 11704.
    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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                                                                                  Frequency of       Hours of
                                                                 Respondents        response        response*
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Form 11704...................................................             625                4              624
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*.25 hrs  x  625 issuers = 156 hrs.
*156 hrs  x  4 requests per yr. = 624 hrs annually.

    Status of the proposed information collection: 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: June 2, 1999.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 99-14922 Filed 6-10-99; 8:45 am]
BILLING CODE 4210-01-M