[Federal Register Volume 80, Number 128 (Monday, July 6, 2015)]
[Notices]
[Pages 38455-38458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16478]



[[Page 38455]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5834-N-01]


60 Day Notice of Proposed Information Collection; Ginnie Mae 
Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and 
Electronic Data Submissions)

AGENCY: Office of the President of Government National Mortgage 
Association (Ginnie Mae), HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: September 4, 2015.

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 either: Anna Guido, FOIA/Privacy 
Specialist: email: [email protected]; telephone: 202-402-5534 or 
Colette Pollard, Management Analyst: email: [email protected]; 
telephone: 202-708-0306. The above phone numbers are not toll-free 
numbers. Address is Department of Housing and Urban Development, 451 
7th Street SW., Room 4160, Washington, DC 20410. Copies of available 
documents submitted to OMB may be obtained from either Ms. Guido or Ms. 
Pollard.

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

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, .13 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 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 
pr.hgram 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, can participate in the secondary 
mortgage market. In addition, the Ginnie Mae II MBS permits the 
securitization of adjustable rate mortgages (``ARMs'').
    Description of Proposed New Requirements: Due to the elimination of 
the application used for Fingerprint Enrollment used by Ginnie Mae 
issuers and document custodians to access the GinnieNET system, Ginnie 
Mae is revising our Appendix III-29 to include the following:

    The name of the appendix will be changed to: Ginnie Mae Systems 
Access Appendix will have six (6) clearing defined sections. They are 
as follows:

Appendix III-29: Instructions: Incorporates language to make the 
Appendix applicable to Ginnie Mae's GinnieNET system as well as the 
Ginnie Mae GMEP system. It clarifies the relationship of the Appendix 
to Ginnie Mae form HUD 11708.
Appendix III-29 (A): Issuer Security Officer Registration: Incorporates 
language to make the Appendix applicable to Ginnie Mae's GinnieNET 
system as well as the Ginnie Mae GMEP system.
Appendix III-29 (B): User Registration for Issuer Only: Incorporates 
language to ensure the user acknowledgements and signed rules of 
behavior the encompass the use of the GinnieNET system. Adding a Ginnie 
NET section with two (2) check boxes to the following types of 
GinnieNET functions: GinnieNET RSA SecurID Token Holder and GinnieNET 
User.
Appendix III-29 (C): Custodian Security Officer Registration: 
Incorporates language to make the Appendix applicable to Ginnie Mae's 
GinnieNET system as well as the Ginnie Mae GMEP system.
Appendix III-29 (D): Custodian User Registration: Incorporates language 
to ensure the user acknowledgements and signed rules of behavior the 
encompass the use of the GinnieNET system. Adding a check box for 
GinnieNET SecurID Token Holder.
Appendix III-29 (E): RSA SecurID Token Request: New form to be used by 
Ginnie Mae Issuers and Document Custodians to obtain the required RSA 
Token and identify user access.
Appendix III-13: Name being changed from Electronic Data Interchanges 
System Agreement to Electronic Data Transfer Agreement Section 4.7: 
Choice of Law: will add: and Law of the District of Columbia.

    The addition of the new sections and increase in Appendix III-29 is 
the reason for the increase of burden hours. There is no increase in 
burden hours with regard to Appendix III-13.
    There are 15 forms and appendices in our collection which are 
volume driven rather than participant driven: these have increased as 
our portfolio has grown.
    Included in the Guide are the 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,

[[Page 38456]]

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.................  11-1..................  Letter of Transmittal             329               4               1200           0.033            43.4
11701.................  1-1...................  Application for                   100               1                100              .3           300.0
                                                 Approval Ginnie Mae
                                                 Mortgage-Backed
                                                 Securities Issuer.
11702.................  1-2...................  Resolution of Board               454               1                454            0.08            36.3
                                                 of Directors and
                                                 Certificate of
                                                 Authorized
                                                 Signatures.
11703-................  1-7...................  Master Agreement for               14               1                 14            0.08             1.1
                                                 Participation
                                                 Accounting.
11704.................  11-2..................  Commitment to                     329               4               1316           0.033            43.4
                                                 Guaranty Mortgage-
                                                 Backed Securities.
11707.................  111-1.................  Master Servicing                  468               1                468           0.033            15.4
                                                 Agreement.
11709.................  111-2.................  Master Agreement for              468               1                468           0.033            15.4
                                                 Servicer's Principal
                                                 and Interest
                                                 Custodial Account.
11715.................  111-4.................  Master Custodial                  468               1                468           0.033            15.4
                                                 Agreement.
11720.................  111-3.................  Master Agreement for              468               1                468           0.033            15.4
                                                 Servicer's Escrow
                                                 Custodial Account.
11732.................  111-22................  Custodian's                        55               1                 55           0.016             0.9
                                                 Certification for
                                                 Construction
                                                 Securities.
                        IX-1..................  Financial Statements              468               1                468               1           468 0
                                                 and Audit Reports.
                        ......................  Mortgage Bankers                  315               4               1260             0.5           630.0
                                                 Financial Reporting
                                                 Form.
11709-A...............  1-6...................  ACH Debit                         468               1                468           0.033            15.4
                                                 Authorization.
11710 D...............  VI-5..................  Issuer's Monthly                  315              12               3780            0.13           491.4
                                                 Summary Reports.
11710A, 1710B, 1710C    VI-12.................  Issuer's Monthly                  315               1                315            0.13            41.0
 &11710E.                                        Accounting Report
                                                 and Liquidation
                                                 Schedule.
11710-DH..............  VI-21.................  HMBS Issuer's Monthly              14              12                168            0.13            21.8
                                                 Summary Report.
                        111-13................  Electronic Data                   100               1                100               1           100.0
                                                 Transfer Agreement.
                        111-14................  Enrollment                        100               1                100               1           100.0
                                                 Administrator
                                                 Signatories for
                                                 Issuers and Document
                                                 Custodians.
                        1-4...................  Cross Default                      10               1                 10            0.05             0.5
                                                 Agreement.
                        VI-18.................  WHFIT Reporting......             329               4               1316            0.13           171.0
                        111-29................  Systems Access Forms.             517               1                517               2          1034.0
                        VIII-1................  Ginnie Mae                         10               1                 10               1              10
                                                 Acknowledgement
                                                 Agreement and
                                                 Accompanying
                                                 Documents Pledge of
                                                 Servicing.
                        VI-19.................  Monthly Pool and Loan             300              12               3600            0.13           468.0
                                                 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.................  111-6.................  Schedule of                       315              12              42000            0.05          2100.0
                                                 Subscribers and
                                                 Ginnie Mae Guaranty
                                                 Agreement.
11706.................  111-7.................  Schedule of Pooled                315              12              42000            0 08         97440.0
                                                 Mortgages.
11705H................  111-28................  Schedule of                        14              12                960            0.05              48
                                                 Subscribers and
                                                 Ginnie Mae Guaranty
                                                 Agreement -HMBS
                                                 Pooling-Import File
                                                 Layout.
11708.................  V-5...................  Document Release                  329               1                329            0.05            16.5
                                                 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.....  111-5.................  Release of Security               329               1             678000            0.05         33900.0
                                                 Interest and
                                                 Certification and
                                                 Agreement.
11714 and 11714SN.....  VI-10, VI-11..........  Issuer's Monthly                  329              12              56400           0.016         10828.8
                                                 Remittance Advice
                                                 and Issuer's Monthly
                                                 Serial Note
                                                 Remittance Advice.
                        VI-2..................  Letter for Loan                   315              12                600           0 033           237.6
                                                 Repurchase.
                        V11-1.................  Collection of                     315              12            4800000           0.033        158400.0
                                                 Remaining Principal
                                                 Balances.
                        111-21................  Certification                     298               1              29811            0.05            14.9
                                                 Requirements for the
                                                 Pooling of
                                                 Multifamily Mature
                                                 Loan Program.
                        VI-9..................  Request for                        21               1                 21            0.25             5.3
                                                 Reimbursement of
                                                 Mortgage Insurance
                                                 Claim Costs for
                                                 Multifamily Loans.
                        VIII-3................  Assignment Agreements              67               1                 67            0.13             8.7
                        111-9.................  Authorization to                  329              12                128           0.016             2.0
                                                 Accept Facsimile
                                                 Signed Correction
                                                 Request Forms.
                        VI-17.................  HMBS Issuer Pooling &  ..............              12              38400            0.13          4992.0
                                                 Reporting
                                                 Specification for
                                                 MBSAA.
                                                                      ----------------------------------------------------------------------------------
    Total.............  ......................  .....................  ..............          Varies         10,481,802          Varies       2,618,588
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[[Page 38458]]

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

    Dated: June 29, 2015.
Mary K. Kinney,
Executive Vice President, Government National Mortgage Association.
[FR Doc. 2015-16478 Filed 7-2-15; 8:45 am]
 BILLING CODE 4210-67-P