[Federal Register Volume 84, Number 139 (Friday, July 19, 2019)]
[Notices]
[Pages 34919-34922]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15416]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7020-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

[[Page 34920]]

is to allow for 60 days of public comment.

DATES: Comments Due Date: September 17, 2019.

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:

FOR FURTHER INFORMATION CONTACT: Anna Guido, FOIA/Privacy Specialist: 
email: [email protected]; telephone: 202-402-5534. This is not a 
toll-free number. Address is Department of Housing and Urban 
Development, 451 7th Street SW, Room 4160, Washington, DC 20410. 
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: 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, (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, (``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 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, can participate in the secondary mortgage market. In 
addition, the Ginnie Mae II MBS permits the securitization of 
adjustable rate mortgages (``ARMs'').

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                                                                                                                                                Total
            Form                Appendix No.             Title             Number of       Frequency of      Total annual      Hours per        annual
                                                                          respondents   responses per year     responses        response        hours
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11700.......................  II-1............  Letter of Transmittal           368.00  4.00..............        1,472.00  0.03...........        44.16
                                                 for Commitment
                                                 Authority and/or Pool
                                                 Numbers.
11701.......................  I-1.............  Application for                  15.00  1.00..............           15.00  3.00...........        45.00
                                                 Approval Ginnie Mae
                                                 Mortgage-Backed
                                                 Securities Issuer.
11702.......................  I-2.............  Resolution of Board of          423.00  1.00..............          423.00  0.80...........       338.40
                                                 Directors and
                                                 Certificate of
                                                 Authorized Signatures.
11703-II....................  I-7.............  Master Agreement fore            17.00  1.00..............           17.00  0.80...........        13.60
                                                 Participation
                                                 Accounting.
11704.......................  II-2............  Commitment to Guaranty          368.00  4.00..............        1,472.00  0.12...........       176.64
                                                 Mortgage-Backed
                                                 Securities.
11707.......................  III-1...........  Master Servicing                423.00  1.00..............          423.00  0.10...........        42.30
                                                 Agreement.
11709.......................  III-2...........  Master Agreement for            423.00  1.00..............          423.00  0.10...........        42.30
                                                 Servicer's Principal
                                                 and Interest
                                                 Custodial Account.
11715.......................  III-4...........  Master Custodial                423.00  1.00..............          423.00  0.12...........        50.76
                                                 Agreement.
11720.......................  III-3...........  Master Agreement for          3,428.00  1.00..............        3,428.00  0.10...........       342.80
                                                 Servicer's Escrow
                                                 Custodial Account.
11732.......................  III-22..........  Custodian's                      55.00  1.00..............           55.00  0.10...........         5.50
                                                 Certification for
                                                 Construction
                                                 Securities.
                              VI-20...........  Electronic Submission           423.00  1.00..............          423.00  1.00...........       423.00
                                                 of Issuers' Insurance
                                                 and Annual Audited
                                                 Financial Documents.
                                                Mortgage Bankers                368.00  4.00..............        1,472.00  0.60...........       883.20
                                                 Financial Reporting
                                                 Form.
11709-A.....................  I-6.............  ACH Debit                       423.00  1.00..............          423.00  0.12...........        50.76
                                                 Authorization.
11710 D.....................  VI-5............  Issuer's Monthly                368.00  12.00.............        4,416.00  0.08...........       331.20
                                                 Summary Reports.
                              VI-21...........  HMBS issuer's Monthly            16.00  12.00.............          192.00  0.08...........        14.40
                                                 Summary Report.
                              III-13..........  Electronic Data                  15.00  1.00..............           15.00  0.12...........         1.80
                                                 Interchage System
                                                 Agreement.
                              I-4.............  Cross Default                    10.00  1.00..............           10.00  0.18...........         1.80
                                                 Agreement.
                              VI-18...........  WHFIT Reporting.......          368.00  4.00..............        1,472.00  0.48...........       706.56
                              III-29..........  System Access Forms...          277.00  1.00..............          277.00  2.00...........       554.00

[[Page 34921]]

 
                              VIII-1..........  Ginnie Mae                       10.00  1.00..............           10.00  1.00...........        10.00
                                                 Acknowledgement
                                                 Agreement an
                                                 Accompanying
                                                 Documents Pledge of
                                                 Servicing.
                              VI-14...........  Multifamily Prepayment           40.00  12.00.............          480.00  0.18...........        86.40
                                                 Penalty Record File
                                                 Layout.
                              VI-16...........  Quarterly Custodial             368.00  4.00..............        1,472.00  0.60...........       883.20
                                                 Account Verification
                                                 Record File Layout.
                              VI-17...........  HMBS Issuer Pooling &            16.00  12.00.............          192.00  4.00...........       768.00
                                                 Reporting
                                                 Specification for
                                                 Mortgage-Backed
                                                 Securities
                                                 Administration Agent.
                              VI-19...........  Monthly Pool and Loan           368.00  12.00.............        4,416.00  4.00...........    17,664.00
                                                 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                   5,591.00  12.00.............       67,092.00  0.10...........     6,709.20
                                                 Subscribers and
                                                 Ginnie Mae Guaranty
                                                 Agreement.
11706.......................  III-7...........  Schedule of Pooled            5,591.00  12.00.............       67,092.00  0.12...........     8,051.04
                                                 Mortgages.
                              III-28..........  Schedule of                      74.00  12.00.............          888.00  0.05...........        44.40
                                                 Subscribers and
                                                 Ginnie Mae Guaranty
                                                 Agreement--HMBS
                                                 Pooling Import File
                                                 Layout.
11708.......................  V-5.............  Document Release              3,181.00  1.00..............        3,181.00  0.05...........       159.05
                                                 Request.
                              XI-6............  1,350.00..............            4.00  5,400.00..........            0.12  648.00.........
                              XI-8............
                              Solders' and
                               Sailors'
                               Quarterly
                               Reimbursement
                               Request.
                              XI-9............
                              SSCRA Loan
                               Eligibility
                               Information
                               SSCRA
                               Eligibility and
                               Reimbursement
                               Files.
11711A and 11711B...........  III-5...........  Release of Security           5,591.00  12.00.............       67,092.00  0.18...........    12,076.56
                                                 Interest and
                                                 Certification and
                                                 Agreement.
11714.......................  VI-10...........  Issuer's Monthly              3,975.00  12.00.............       56,400.00  0.10...........     5,640.00
11714SN.....................  VI-11...........   Remittance Advice
                              Serial Note        Issuer's Monthly.
                               Remittance
                               Advice.
                              VI-2............  Letter for Loan                  50.00  12.00.............          600.00  0.12...........        72.00
                                                 Repurchase.
                              III-21..........  Certification                   322.00  1.00..............          322.00  0.12...........        38.64
                                                 Requirements for the
                                                 Pooling of
                                                 Multifamily Mature
                                                 Loan Program.
                              VI-9............  Request for                       3.00  12.00.............           36.00  0.30...........        10.80
                                                 Reimbursement of
                                                 Mortgage Insurance
                                                 Claim Costs for
                                                 Multifamily Loans.
                              VIII-3..........  Assignment Agreements.          220.00  1.00..............          220.00  0.48...........       105.60
    Total...................  ................  ......................  ..............  Varies............      291,744.00  Varies.........    57,035.07
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[[Page 34922]]

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

    Dated: July 10, 2019.
Maren Kasper,
Acting President, EVP, COO, Government National Mortgage Association.
[FR Doc. 2019-15416 Filed 7-18-19; 8:45 am]
 BILLING CODE 4210-67-P