[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)]
[Notices]
[Pages 22095-22097]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08623]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5909-N-28]


30-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 Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: May 16, 2016.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected]

FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Anna P. Guido at 
[email protected] or telephone 202-402-5533. This is not a toll-free 
number. Persons with hearing or speech impairments may access this 
number through TTY by calling the toll-free Federal Relay Service at 
(800) 877-8339. Copies of available documents submitted to OMB may be 
obtained from Ms. Guido.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
November 10, 2014 at 79 FR 66736.

A. Overview of Information Collection

    Title of Information Collection: Ginnie Mae Mortgage-Backed 
Securities Guide 5500.3, Revision 1 (Forms and Electronic Data 
Submissions).
    OMB Control Number: 2503-0033.
    Type of Request: Revision of a currently approved collection.
    Form Number: 11700, 11701, 11702, 11703-II, 11704, 11705, 11705H, 
11706, 11706H, 11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C, 
11710D, 117010DH, 11710E, 11711-A, 11711-B, 11714, 11714-SN, 11715, 
11720, and 11732.
    Description of the need for the information and proposed use: 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 that 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 that 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
    As a result of the revisions to Appendix III-29, Ginnie Mae will be 
eliminating the use of Appendix III-14 (Enrollment Administrator and 
GinnieNET Authorized Signatories.
    With the implementation of Ginnie Mae's streamlined investor 
reporting under the revised Appendix VI-19, the

[[Page 22096]]

following appendices will be eliminated: Appendix VII-1 for MBS 
reporting and Appendix VII-2 for HMBS reporting. As part of this 
streamlined investor reporting process, in order to capture RFS 
exceptions listed in Appendix VI-19, Ginnie Mae has released Appendix 
VI-14 (Multifamily Prepayment Penalty Record File Layout and Appendix 
VI-16 (Quarterly Custodial Account Verification Record File Layout).
    Due to the increase in the number of Ginnie Mae active issuers in 
our HMBS program, Ginnie Mae is now including Forms 11705H/11706H--
Appendix III-28 (Schedule of Subscribers and Ginnie Mae Guaranty 
Agreement and Pool Participations--HMBS Pooling Import File Layout in 
our collection. This form combines both the 11705H and 11706H (Appendix 
III-28) into one import file layout.
    The addition of the new sections Appendix III-29, additions of 
Appendix VI-14, Appendix IV-16, Appendix III-28 and the elimination of 
Appendix III-14, Appendix VII-1 and Appendix VII-2 is the reason for 
the change of burden hours.
    The initially scheduled name change of Appendix III-13 from 
Electronic Data Interchanges System Agreement to Electronic Data 
Transfer Agreement and the addition of the phrase: Law of the District 
of Columbia in Section 4.7 will take place at a later date.
    There are 20 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.
    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            Title             Number of      responses  per     Total  annual     Hours per      Total  annual
                                    No.                                respondents          year            responses        response          hours
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11700.........................         11-1  Letter of Transmittal.         329.000  4.................       1,316.000  0.033..........          43.428
11701.........................          1-1  Application for                100.000  1.................         100.000  3.000..........         300.000
                                              Approval Ginnie Mae
                                              Mortgage-Backed
                                              Securities Issuer.
11702.........................          1-2  Resolution of Board of         454.000  1.................         454.000  0.800..........         363.200
                                              Directors and
                                              Certificate of
                                              Authorized Signatures.
11703-H.......................          1-7  Master Agreement for            14.000  1.................          14.000  0.800..........          11.200
                                              Participation
                                              Accounting.
11704.........................         11-2  Commitment to Guaranty         329.000  4.................       1,316.000  0.033..........          43.428
                                              Mortgage-Backed
                                              Securities.
11707.........................        111-1  Master Servicing               468.000  1.................         468.000  0.033..........          15.444
                                              Agreement.
11709.........................        111-2  Master Agreement for           468.000  1.................         468.000  0.033..........          15.444
                                              Servicer's Principal
                                              and Interest
                                              Custodial Account.
11715.........................        111-4  Master Custodial               468.000  1.................         468.000  0.033..........          15.444
                                              Agreement.
11720.........................        111-3  Master Agreement for           468.000  1.................         468.000  0.033..........          15.444
                                              Servicer's Escrow
                                              Custodial Account.
11732.........................       111-22  Custodian's                     55.000  1.................          55.000  0.016..........           0.880
                                              Certification for
                                              Construction
                                              Securities.
                                       IX-1  Financial Statements           468.000  1.................         468.000  1.000..........         468.000
                                              and Audit Reports.
                                             Mortgage Bankers               315.000  4.................       1,260.000  0.500..........         630.000
                                              Financial.
                                             Reporting Form........
11709-A.......................          1-6  ACH Debit                      468.000  1.................         468.000  0.033..........          15.444
                                              Authorization.
11710 D.......................         VI-5  Issuer's Monthly               315.000  12................       3,780.000  0.130..........         491.400
                                              Summary Reports.
11710A, 1710B, 1710C &11710E..        VI-12  Issuer's Monthly               315.000  1.................         315.000  0.130..........          40.950
                                              Accounting Report and
                                              Liquidation Schedule.
11710-DH......................        VI-21  HMBS Issuer's Monthly           14.000  12................         168.000  0.130..........          21.840
                                              Summary Report.
                                     111-13  Electronic Data                100.000  1.................         100.000  1.000..........         100.000
                                              Interchanges System.
                                        1-4  Cross Default                   10.000  1.................          10.000  0.050..........           0.500
                                              Agreement.
                                      VI-18  WHFIT Reporting.......         329.000  4.................       1,316.000  0.130..........         171.080
                                     111-29  Systems Access Forms..         517.000  1.................         517.000  2.000..........       1,034.000
                                     VIII-1  Ginnie Mae                      10.000  1.................          10.000  1.000..........          10.000
                                              Acknowledgement
                                              Agreement and
                                              Accompanying
                                              Documents Pledge of
                                              Servicing.
                                      VI-14  Multifamily Prepayment          22.000  12................         264.000  0.050..........          13.200
                                              Penalty Record File
                                              Layout.
                                      VI-16  Quarterly Custodial            302.000  4.................       1,208.000  0.500..........         604.000
                                              Account Verification
                                              Record File Layout.
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[[Page 22097]]

 
                                   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                  3,500.000  12................      42,000.000  0.050..........       2,100.000
                                              Subscribers and
                                              Ginnie Mae Guaranty
                                              Agreement.
11706.........................        111-7  Schedule of Pooled           3,500.000  12................      42,000.000  0.800..........      33,600.000
                                              Mortgages.
11705H & 11706H...............       111-28  Schedule of                     80.000  12................         960.000  0.050..........          48.000
                                              Subscribers and
                                              Ginnie Mae Guaranty
                                              Agreement--HMBS
                                              Pooling--Import File
                                              Layout.
11708.........................          V-5  Document Release               329.000  1.................         329.000  0.050..........          16.450
                                              Request.
                                      VI-19  Monthly Pool and Loan      400,000.000  12................   4,800,000.000  0.500..........   2,400,000.000
                                              Level Report (RFS).
                                XI-6, XI-8,  Soldiers' and Sailors'       2,000.000  4.................       8,000.000  0.033..........         264.000
                                       XI-9   Quarterly
                                              Reimbursement Request
                                              and SSCRA Loan
                                              Eligibility
                                              Information.
11711A & 11711B...............        111-5  Release of Security        678,000.000  1.................     678,000.000  0.050..........       33,900.00
                                              Interest and
                                              Certification and
                                              Agreement.
11714 & 11714SN...............   VI-10, VI-  Issuer's Monthly             4,700.000  12................      56,400.000  0.016..........         902.400
                                         11   Remittance Advice and
                                              Issuer's Monthly
                                              Serial Note
                                              Remittance Advice.
                                       VI-2  Letter for Loan                 50.000  12................         600.000  0.033..........          19.800
                                              Repurchase.
                                     111-21  Certification                  298.000  1.................         298.000  0.050..........          14.900
                                              Requirements for the
                                              Pooling of
                                              Multifamily Mature
                                              Loan Program.
                                       VI-9  Request for                     21.000  1.................          21.000  0.250..........           5.250
                                              Reimbursement of
                                              Mortgage Insurance
                                              Claim Costs for
                                              Multifamily Loans.
                                     VIII-3  Assignment Agreements.          67.000  1.................          67.000  0.130..........           8.710
                                      111-9  Authorization to               329.000  12................       3,948.000  0.016..........          63.168
                                              Accept Facsimile
                                              Signed Correction
                                              Request Forms.
                                      VI-17  HMBS Issuer                  3,200.000  12................      38,400.000  0.130..........       4,992.000
                                              Specification for
                                              MBSAA.
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    Total.....................  ...........  ......................  ..............  Varies............      48,886,034  Varies.........      24,080,359
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B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

     Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: April 8, 2016.
Anna P. Guido,
Department Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. 2016-08623 Filed 4-13-16; 8:45 am]
 BILLING CODE 4210-67-P