[Federal Register Volume 75, Number 51 (Wednesday, March 17, 2010)]
[Notices]
[Pages 12773-12775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5808]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5379-N-02]


Notice of Proposed Information Collection: Comment Request Ginnie 
Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and 
Electronic Data Submissions); 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: May 17, 2010.

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: Leroy McKinney Jr., QDAM, 
Information Reports Management Officer, Department or Housing and Urban 
Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 800a, 
Washington, DC 20410; e-mail [email protected]; telephone (202) 
708-5564. This is not a toll-free number. Copies of available documents 
submitted to OMB may be obtained from Mr. McKinney.

FOR FURTHER INFORMATION CONTACT: Debra Murphy, Ginnie Mae, 451 7th 
Street, SW., Room B-133, Washington, DC 20410; e-mail_
[email protected]; telephone--(202) 475-4923; fax--(202) 485-0225 
(this is not a toll-free number); Victoria Vargas, Ginnie Mae, 451 7th 
Street, SW., Room B-133, Washington, DC 20410; e-mail_
[email protected]; telephone--(202) 475-6752; fax--(202) 485-0225 
(this is not a toll-free number); or the Ginnie Mae Web site at http://www.ginniemae.gov for other available information.

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).
    This 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 hours 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: Ginnie Mae Mortgage-Backed Securities Guide 
5500.3, Revision 1 (Forms and Electronic Data Submissions).
    OMB Control Number, if applicable: 2503-0033.
    Description of the need for the information and proposed use: 
Ginnie Mae's Mortgage-Backed Securities Guide 5500.3, Revision 1 
(``Guide'') provides instructions and guidance to participants in the 
Ginnie Mae

[[Page 12774]]

Mortgage-Backed Securities (``MBS'') programs (``Ginnie Mae I and 
Ginnie Mae II''). Under the Ginnie Mae I program, securities are backed 
by single-family or multifamily loans. Under the Ginnie Mae II program 
securities are only backed by single-family loans. Both the Ginnie Mae 
I and II MBS are modified pass-through securities. The Ginnie Mae II 
multiple Issuer MBS is structured so that small issuers, who do not 
meet the minimum number of loans and dollar amount requirements of the 
Ginnie Mae I MBS to participate in the secondary mortgage market. In 
addition, the Ginnie Mae II MBS permit the securitization of adjustable 
rate mortgages (``ARMs''). Included in the Guide are appendices, forms, 
and documents necessary for Ginnie Mae to properly administer its MBS 
programs.
    Agency form numbers, if applicable: 11700, 11701, 11702, 11704, 
11705, 11706, 11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C, 
11710D, 11710E, 11711-A, 11711-B, 11714, 11714-SN, 11720, 11715, 11732, 
11785.
    While most of the calculations are based on number of respondents 
multiplied by the frequency of response; there are several items whose 
calculations are based on volume.

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                                                                                           Frequency of
              Form                   Appendix No.            Title           Number of     responses per   Total annual      Hours per     Total annual
                                                                            respondents        year          responses       response          hours
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11700...........................  II-1..............  Letter of                      210               4             840           0.033            27.7
                                                       Transmittal.
11701...........................  I-1...............  Application for                100               1             100               1           100.0
                                                       Approval Ginnie
                                                       Mae Mortgage-
                                                       Backed Securities
                                                       Issuer.
11702...........................  I-2...............  Resolution of                  210               1             210            0.08            16.8
                                                       Board of
                                                       Directors and
                                                       Certificate of
                                                       Authorized
                                                       Signatures.
11704...........................  II-2..............  Commitment to                  210               4             840           0.033            27.7
                                                       Guaranty Mortgage-
                                                       Backed Securities.
11707...........................  III-1.............  Master Servicing               210               1             210           0.016             3.4
                                                       Agreement.
11709...........................  III-2.............  Master Agreement               210               1             210           0.033             6.9
                                                       for Servicer's
                                                       Principal and
                                                       Interest
                                                       Custodial Account.
11715...........................  III-4.............  Master Custodial               210               1             210           0.033             6.9
                                                       Agreement.
11720...........................  III-3.............  Master Agreement               210               1             210           0.033             6.9
                                                       for Servicer's
                                                       Escrow Custodial
                                                       Account.
11732...........................  III-22............  Custodian's                    144               1             144           0.016             2.3
                                                       Certification for
                                                       Construction
                                                       Securities.
                                  IX-1..............  Financial                      210               1             210               1           210.0
                                                       Statements and
                                                       Audit Reports.
                                                      Mortgage Bankers               350               4            1400             0.5           700.0
                                                       Financial
                                                       Reporting Form.
11709-A.........................  I-6...............  ACH Debit                      210               1             210           0.033             6.9
                                                       Authorization.
11710 D.........................  VI-5..............  Issuer's Monthly               210              12            2520           0.033            83.2
                                                       Summary Reports.
11710A, 1710B, 1710C & 11710E...  VI-12.............  Issuer's Monthly               110               1             110             0.5            55.0
                                                       Accounting Report
                                                       and Liquidation
                                                       Schedule.
                                                      Data Verification              210               2             420            0.05            21.0
                                                       Form.
                                  III-13............  Electronic Data                 40               1              40           0.166             6.6
                                                       Interchange
                                                       System Agreement.
                                  III-14............  Enrollment                      54               1              54               2           108.0
                                                       Administrator
                                                       Signatories for
                                                       Issuers and
                                                       Document
                                                       Custodians.
                                  I-4...............  Cross Default                   10               1              10            0.05             0.5
                                                       Agreement.
                                  VII-18............  WHFIT Reporting...             210               4             840            0.25           210.0
                                  VII-19............  Monthly Pool and               210              12            2520             4.3         10836.0
                                                       Loan Level Report
                                                       (RFS).
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                                   The Burden for the Items Listed Below Is Based on Volume and/or Number of Requests
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11705...........................  III-6.............  Schedule of                    210              12           24800          0.0075           186.0
                                                       Subscribers and
                                                       Ginnie Mae
                                                       Guaranty
                                                       Agreement.
11706...........................  III-7.............  Schedule of Pooled             210              12           24800          0.0075           186.0
                                                       Mortgages.
11708...........................  V-5...............  Document Release               210               1             374            0.05            18.7
                                                       Request.
                                  XI-6, XI-8, XI-9..  Soldiers' and                   32               4            8000           0.033          1056.0
                                                       Sailors'
                                                       Quarterly
                                                       Reimbursement
                                                       Request and SSCRA
                                                       Loan Eligibility
                                                       Information.
11711A and 11711B...............  III-5.............  Release of                     210               1           24800           0.005           124.0
                                                       Security Interest
                                                       and Certification
                                                       and Agreement.
11714 and 11714SN...............  VI-10, VI-11......  Issuer's Monthly               210              12           56500           0.016         10848.0
                                                       Remittance Advice
                                                       and Issuer's
                                                       Monthly Serial
                                                       Note Remittance
                                                       Advice.
                                  VI-2..............  Letter for Loan                210              12             420           0.033            13.9
                                                       Repurchase.
                                  VII-1.............  Collection of                  210              12          344000          0.0125         51600.0
                                                       Remaining
                                                       Principal
                                                       Balances.
                                  III-21............  Certification                   11               1              11            0.05             0.6
                                                       Requirements for
                                                       the Pooling of
                                                       Multifamily
                                                       Mature Loan
                                                       Program.
                                  VI-9..............  Request for                     56               1              56            0.25            14.0
                                                       Reimbursement of
                                                       Mortgage
                                                       Insurance Claim
                                                       Costs for
                                                       Multifamily Loans.
                                  VIII-3............  Assignment                      63               1              63            0.13             8.2
                                                       Agreements.
                                  III-9.............  Authorization to               210              12             128           0.016             2.0
                                                       Accept Facsimile
                                                       Signed Correction
                                                       Request Forms.
    Total.......................  ..................  ..................  ..............          Varies         495,260          Varies          76,493
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[[Page 12775]]

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

    Dated: March 11, 2010.
Mary K. Kinney,
Executive Vice President, Government National Mortgage Association.
[FR Doc. 2010-5808 Filed 3-16-10; 8:45 am]
BILLING CODE 4210-67-P