[Federal Register Volume 68, Number 134 (Monday, July 14, 2003)]
[Notices]
[Page 41656]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-17665]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4810-N-02]


Notice Concerning Release of Certain Loan-Level Data on Ginnie 
Mae Mortgage-Backed Securities

AGENCY: The Government National Mortgage Association (Ginnie Mae), HUD.

ACTION: Final notice.

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SUMMARY: This notice announces that Ginnie Mae, a Government 
corporation within the Department of Housing and Urban Development 
(HUD), will make certain loan-level data available to the public on 
Ginnie Mae multifamily mortgages that back Ginnie Mae-guaranteed 
securities. On April 8, 2003, Ginnie Mae, through a notice published in 
the Federal Register, invited public comments on this proposed policy 
and any impact of releasing specific loan-level information. The period 
for submitting comments has concluded and Ginnie Mae has not received 
any public comments. Ginnie Mae will adopt this policy without change.

DATES: Effective Date: July 14, 2003.

FOR FURTHER INFORMATION CONTACT: Paulette M. Griffin, Director, 
Multifamily Programs Division, Office of Mortgage-Backed Securities, 
Room 6216, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410-9000; telephone (202) 708-2043 (this 
is not a toll-free number). Speech- or hearing-impaired individuals may 
access this number via TTY by calling the toll-free Federal Information 
Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: On April 8, 2003, Ginnie Mae published a 
notice in the Federal Register (68 FR 17251) that announced its intent 
to release certain loan-level data, and invited the public to submit 
comments regarding this proposed policy and any impact of releasing 
specific loan-level information. The period for submitting comments 
concluded on May 8, 2003, and Ginnie Mae has not received any public 
comments. Accordingly, Ginnie Mae will adopt this policy without 
change.
    As announced in the April 8, 2003 notice, Ginnie Mae will now make 
delinquency information available to the public on the multifamily 
loans that back Ginnie Mae securities, in order to achieve a fair and 
open market in Ginnie Mae-guaranteed multifamily securities. Making 
this multifamily loan information available to investors should lead to 
greater investor confidence and more accurate pricing on these 
securities. This could decrease the cost of borrowing to finance 
apartment buildings, and thus decrease the rents of low- and moderate-
income families that live in those buildings.
    Accordingly, Ginnie Mae is adopting the policy detailed in its 
April 8, 2003 notice without change.

    Authority: 12 U.S.C. 1721(g); 5 U.S.C. 552; 24 CFR 15.108(c); 
E.O. 12600.

    Dated: June 30, 2003.
Ronald A. Rosenfeld,
President, Government National Mortgage Association.
[FR Doc. 03-17665 Filed 7-11-03; 8:45 am]
BILLING CODE 4210-66-P