[Federal Register Volume 84, Number 203 (Monday, October 21, 2019)]
[Notices]
[Pages 56199-56201]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22918]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7011-N-44]


30-Day Notice of Proposed Information Collection: Ginnie Mae 
Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and 
Electronic Data Submissions) (OMB# 2503-0033)

AGENCY: Office of the Chief Information Officer, 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 30 days of public comment.

DATES: Comments Due Date: November 20, 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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806, Email: OIRA [email protected].

FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management 
Officer, QMAC, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email her at [email protected] or 
telephone 202-402-5535. This is not a toll-free number. Person 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 July 
19, 2019.

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 Approval Number: 2503-0033.
    Type of Request: Extension of currently approved collection.
    Form Number: Listed below.
    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

[[Page 56200]]

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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                                                                                                                  Frequency                                                          Estimated
                                                                                                     Number of        of         Total      Hours per      Total     Hourly cost  annual cost to
                  Form                            Appendix No.                     Title            respondents   responses      annual      response      annual        per        respondents
                                                                                                                   per year    responses                   hours       response      (issuers)
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11700..................................  II-1                            Letter of Transmittal for       368.00         4.00     1,472.00         0.03        44.16        29.00       $1,280.64
                                                                          Commitment Authority and/
                                                                          or Pool Numbers.
11701..................................  I-1                             Application for Approval         15.00         1.00        15.00         3.00        45.00        29.00        1,305.00
                                                                          Ginnie Mae Mortgage-
                                                                          Backed Securities Issuer.
11702..................................  I-2                             Resolution of Board of          423.00         1.00       423.00         0.08        33.84        29.00          981.36
                                                                          Directors and
                                                                          Certificate of
                                                                          Authorized Signatures.
11703-II...............................  I-7                             Master Agreement for             17.00         1.00        17.00         0.08         1.36        29.00           39.44
                                                                          Participation Accounting.
11704..................................  II-2                            Commitment to Guaranty          368.00         4.00     1,472.00         0.03        44.16        29.00        1,280.64
                                                                          Mortgage-Backed
                                                                          Securities.
11707..................................  III-1                           Master Servicing                423.00         1.00       423.00         0.02         8.46        29.00          245.34
                                                                          Agreement.
11709..................................  III-2                           Master Agreement for            423.00         1.00       423.00         0.03        12.69        29.00          368.01
                                                                          Servicer's Principal and
                                                                          Interest Custodial
                                                                          Account.
11715..................................  III-4                           Master Custodial                423.00         1.00       423.00         0.03        12.69        29.00          368.01
                                                                          Agreement.
11720..................................  III-3                           Master Agreement for          3,428.00         1.00     3,428.00         0.02        68.56        29.00        1,988.24
                                                                          Servicer's Escrow
                                                                          Custodial Account.
11732..................................  III-22                          Custodian's Certification        55.00         1.00        55.00         0.02         1.10        29.00           31.90
                                                                          for Construction
                                                                          Securities.
                                         VI-20                           Electronic Submission of        423.00         1.00       423.00         1.00       423.00        29.00       12,267.00
                                                                          Issuers' Insurance and
                                                                          Annual Audited Financial
                                                                          Documents.
11750..................................  ..............................  Mortgage Bankers                368.00         4.00     1,472.00         0.17       250.24        29.00        7,256.96
                                                                          Financial Reporting Form.
11709-A................................  I-6                             ACH Debit Authorization..       423.00         1.00       423.00         0.03        12.69        29.00          368.01
11710 D................................  VI-5                            Issuer's Monthly Summary        368.00        12.00     4,416.00         0.13       574.08        29.00       16,648.32
                                                                          Reports.
                                         VI-21                           HMBS issuer's Monthly            16.00        12.00       192.00         0.08        14.40        29.00          417.60
                                                                          Summary Report.
                                         III-13                          Electronic Data                  15.00         1.00        15.00         0.03         0.45        29.00           13.05
                                                                          Interchage System
                                                                          Agreement.
                                         I-4                             Cross Default Agreement..        10.00         1.00        10.00         0.05         0.50        29.00           14.50
                                         VI-18                           WHFIT Reporting..........       368.00         4.00     1,472.00         0.13       191.36        29.00        5,549.44
                                         III-29                          System Access Forms......       277.00         1.00       277.00         2.00       554.00        29.00       16,066.00
                                         VIII-1                          Ginnie Mae                       10.00         1.00        10.00         1.00        10.00        29.00          290.00
                                                                          Acknowledgement
                                                                          Agreement and
                                                                          Accompanying Documents
                                                                          Pledge of Servicing.
                                         VI-14                           Multifamily Prepayment           40.00        12.00       480.00         0.05        24.00        29.00          696.00
                                                                          Penalty Record File
                                                                          Layout.
                                         VI-16                           Quarterly Custodial             368.00         4.00     1,472.00         0.17       250.24        29.00        7,256.96
                                                                          Account Verification
                                                                          Record File Layout.
                                         VI-17                           HMBS Issuer Pooling &            16.00        12.00       192.00         0.13        24.96        29.00          723.84
                                                                          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        29.00      512,256.00
                                                                          Level Report (RFS).
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[[Page 56201]]

 
                                                       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 Subscribers       5,591.00        12.00    67,092.00         0.05     3,354.60        29.00       97,283.40
                                                                          and Ginnie Mae Guaranty
                                                                          Agreement.
11706..................................  III-7                           Schedule of Pooled            5,591.00        12.00    67,092.00         0.08     5,367.36        29.00      155,653.44
                                                                          Mortgages.
11705 H, 11706 H.......................  III-28                          Schedule of Subscribers          74.00        12.00       888.00         0.10        88.80        29.00        2,575.20
                                                                          and Ginnie Mae Guaranty
                                                                          Agreement--HMBS Pooling
                                                                          Import File Layout.
                                         V-5                             Document Release Request.     3,181.00         1.00     3,181.00         0.05       159.05        29.00        4,612.45
                                         XI-6, XI-8, XI-9                SSCRA Loan Eligibility        1,350.00         4.00     5,400.00         0.10       540.00        29.00       15,660.00
                                                                          Information Solders' and
                                                                          Sailors' Quarterly
                                                                          Reimbursement Request
                                                                          SSCRA Eligibility and
                                                                          Reimbursement Files.
11711A and 11711B......................  III-5                           Release of Security           5,591.00        12.00    67,092.00         0.10     6,709.20        29.00      194,566.80
                                                                          Interest and
                                                                          Certification and
                                                                          Agreement.
11714, 11714SN.........................  VI-10, VI-11                    Issuer's Monthly              3,975.00        12.00    56,400.00         0.03     1,692.00        29.00       49,068.00
                                                                          Remittance Advice
                                                                          Issuer's Monthly Serial
                                                                          Note Remittance Advice.
                                         VI-2                            Letter for Loan                  50.00        12.00       600.00         0.03        18.00        29.00          522.00
                                                                          Repurchase.
                                         III-21                          Certification                   322.00         1.00       322.00         0.03         9.66        29.00          280.14
                                                                          Requirements for the
                                                                          Pooling of Multifamily
                                                                          Mature Loan Program.
                                         VI-9                            Request for Reimbursement         3.00        12.00        36.00         0.08         2.88        29.00           83.52
                                                                          of Mortgage Insurance
                                                                          Claim Costs for
                                                                          Multifamily Loans.
                                         VIII-3                          Assignment Agreements....       220.00         1.00       220.00         0.13        28.60        29.00          829.40
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    Total..............................                                                             ...........       Varies  291,744.000       Varies    38,236.09  ...........  $ 1,108,846.61
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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.

C. Authority

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

    Dated: October 16, 2019.
Anna P. Guido,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2019-22918 Filed 10-18-19; 8:45 am]
BILLING CODE 4210-67-P