[Federal Register Volume 67, Number 30 (Wednesday, February 13, 2002)]
[Notices]
[Page 6735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3415]



[[Page 6735]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4740-N-01]


Letter of Transmittal; Resolution of Board of Director and 
Certificate of Authorized Signatures; and Master Servicing Agreement; 
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 Date: April 15, 2002.

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 Program 
Operations, 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 for 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 other forms of information technology, e.g., permitting 
electronic submission of responses.
    This Notice also lists the following information:
    Title of Proposal: (1) Letter of Transmittal, (2) Resolution of 
Board of Directors and Certificate of Authorized Signatures, and (3) 
Master Servicing Agreement.
    OMB Control Number, if applicable: 2503-0016.

Description of the Need for the Information and Proposed Use

    The purpose of the Letter of Transmittal is to provide issuers with 
a form to transmit documentation to Ginnie Mae when requesting Ginnie 
Mae's action on certain activities such as requests for commitment 
authority and pool numbers. The Resolution of Board of Directors and 
Certificate of Authorized Signature is used by the issuers to provide a 
list of the names and signatures of officers of the company authorized 
to execute documents with respect to issuance of securities. The Master 
Servicing Agreement is used to provide assurance to Ginnie Mae that 
servicing the mortgages backing the securities approved for issuance 
will be performed in accordance with acceptable standards of mortgage 
servicing. It is also used to determine whether the issuer of the pool 
is the sole servicer or whether the issuer has established a sub-
contract servicer arrangement with another institution to perform 
certain servicing functions on behalf of the issuer.
    Agency form numbers, if applicable: HUD form 11700, 11702, and 
11707.
    Members of affected public: For profit business (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 per       Total annual
                              HUD form                                 Respondents        response        response *       responses       Total hours
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11700..............................................................             275                2              .17              500             93.5
11702..............................................................             275                1              .17              275             46.8
11707..............................................................             275                1              .17              275             46.8
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    Total..........................................................  ...............  ...............  ...............           1,100           187.1
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* Approximately 10 minutes.

    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: February 5, 2002
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 02-3415 Filed 2-12-02; 8:45 am]
BILLING CODE 4120-01-M