[Federal Register Volume 67, Number 98 (Tuesday, May 21, 2002)]
[Notices]
[Page 35828]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-12717]



[[Page 35828]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4740-N-03]


Notice of Proposed Information Collection: Comment Request; 
Schedule of Subscribers and Ginnie Mae Guaranty Agreement

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 Date: July 22, 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 6206, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Sonya Suarez, Ginnie Mae, (202) 
708-2884 (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: Schedule of Subscribers and Ginnie Mae Guaranty 
Agreement.
    OMB Control Number, if applicable: 2503-0009.

Description of the Need for the Information and Proposed Use

    This form is prepared and submitted by the issuer to Ginnie Mae's 
agent, JPMorgan Chase Bank. This form must be used by the issuer to 
submit pool or loan packages. Each time the issuer issues a new 
security, it agrees that the applicable Guaranty Agreement is in effect 
on the issue date of the securities and that it will govern all of the 
issuer's outstanding pool and loan packages, pooled mortgages, and 
securities whether created under the Ginnie Mae I MBS Program or the 
Ginnie Mae II MBS Program. The pool will vary as to the amount of each 
security, securities holders, and the number of securities for each 
holder. The data provided on this form is the basis for the preparation 
of the securities issued under each Ginnie Mae MBS pool. Upon receipt 
of the form, JPMorgan Chase Bank reviews the information submitted in 
conjunction with other documentation required for the issuance of MBS 
securities. The approval of this form enables the actual preparation of 
the securities to be issued.
    Agency form numbers, if applicable: Form HUD 11705.
    Members of affected public: For-profit business (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:
    Number of respondents: 297 (end of 2001).
    Frequency of responses: 106 (per year).
    Total annual responses: 31,482.
    Hours per response: .17 (10 minutes).
    Total burden hours: 5,352.
    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: May 13, 2002.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 02-12717 Filed 5-20-02; 8:45 am]
BILLING CODE 4210-66-M