[Federal Register Volume 86, Number 9 (Thursday, January 14, 2021)]
[Notices]
[Pages 3174-3175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00692]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6238-D-01]
Consolidated Delegation of Authority for the Government National
Mortgage Association (Ginnie Mae)
AGENCY: Office of the Secretary, HUD.
ACTION: Notice of Delegation of Authority.
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SUMMARY: This notice is issued to consolidate the authorities delegated
from the Secretary to the President, Principal Executive Vice
President, Executive Vice President and Chief Operating Officer, and
Executive Vice President of Policy of the Government National Mortgage
Association (Ginnie Mae).
DATES: Applicability Date: January 11, 2021.
FOR FURTHER INFORMATION CONTACT: Senior Vice President and Chief Risk
Officer, Office of Enterprise Risk, Government National Mortgage
Association, Department of Housing and Urban Development; Capitol View,
425 3rd Street, SW, 4th Floor; Washington, DC 20024; telephone number
202-475-4918 (this is not a toll-free number). Persons with hearing- or
speech-impairments may access this number through TTY by calling the
Federal Relay Service at 1-800-877-8339 (this is a toll-free number).
SUPPLEMENTARY INFORMATION: Ginnie Mae is a wholly owned U.S. Government
corporation within the Department of Housing and Urban Development.
Ginnie Mae's organic statute vests all the powers and duties of Ginnie
Mae in the Secretary of HUD (12 U.S.C. 1723).
In Ginnie Mae's bylaws, the Secretary has delegated all the powers
and duties of Ginnie Mae that were vested in the Secretary to Ginnie
Mae. In previous Federal Register notices, the Secretary has delegated
authority over Ginnie Mae to the Ginnie Mae President. Specifically,
the Secretary has delegated: (1) All the Secretary's authority with
respect to managing Ginnie Mae and Ginnie Mae's programs pursuant to
title III of the National Housing Act (12 U.S.C. 1723 and 68 FR 41840);
(2) Authority to waive regulations issued by the U.S. Department of
Housing and Urban Development (73 FR 76674); (3) Authority to impose
suspensions and debarments, with the concurrence of the General Counsel
or his or her designee (54 FR 4913 and 63 FR 57133); and (4) The power
to affix HUD's seal and authenticate documents (68 FR 41840).
This notice consolidates the functions that the Secretary has
delegated to the
[[Page 3175]]
Ginnie Mae President, while also delegating certain concurrent
authority to Ginnie Mae's Principal Executive Vice President, Executive
Vice President and Chief Operating Officer, and Executive Vice
President of Policy. While the Secretary has delegated authority to
these individuals, the Secretary retains authority under 12 U.S.C.
1723.
Section A. Consolidation of Authority Delegated
The Secretary hereby concurrently delegates authority to the
President, the Principal Executive Vice President, Executive Vice
President and Chief Operating Officer, and Executive Vice President of
Policy of Ginnie Mae the following:
1. All powers and duties of Ginnie Mae, which are by law vested in
the Secretary, except as otherwise provided in the Ginnie Mae bylaws
(12 U.S.C. 1723; 24 CFR part 310, section 1.02; Bylaws of the
Government National Mortgage Association, posted at www.ginniemae.gov);
2. All authority of the Secretary with respect to the management of
Ginnie Mae and Ginnie Mae programs pursuant to title III of the
National Housing Act (12 U.S.C. 1723; 68 FR 41840);
3. The power to impose suspensions and debarments, with the
concurrence of the General Counsel (Section 7(d), Department of Housing
and Urban Development Act, 42 U.S.C. 3535(d); 54 FR 4913; 63 FR 57133);
and
4. The authority to authenticate documents and affix the seal of
HUD to documents (68 FR 41840).
The Secretary hereby delegates authority to the President of Ginnie
Mae the power to waive HUD regulations (Section 7(q), Department of
Housing and Urban Development Act, 42 U.S.C. 3535(q); 73 FR 76674).
Section B. Authority to Redelegate
The Ginnie Mae President, Ginnie Mae Principal Executive Vice
President, Ginnie Mae Executive Vice President and Chief Operating
Officer, and Ginnie Mae Executive Vice President of Policy may
redelegate the authorities delegated by the Secretary, except for the
authority to waive HUD regulations. The authority to waive HUD
regulations is reserved for the Ginnie Mae President, pursuant to the
Department of Housing and Urban Development Act (42 U.S.C. 3535(q)),
and may not be redelegated. However, if the Ginnie Mae President is
absent from office then Ginnie Mae's Principal Executive Vice
President, Executive Vice President and Chief Operating Officer,
Executive Vice President of Policy, or other persons authorized to act
in the President's absence may exercise the waiver authority of the
President consistent with HUD's policies and procedures (73 FR 76674
and 66 FR 13944).
Section C. Authority Superseded
This delegation of authority supersedes all previous delegations of
authority and redelegations of authority for Ginnie Mae, including the
delegation of authority published in the Federal Register on January
18, 2018 (83 FR 2660). The Secretary may revoke the authority
authorized herein, in whole or part, at any time.
Section D. Actions Ratified
The Secretary hereby ratifies all actions previously taken by the
Ginnie Mae President, Ginnie Mae Principal Executive Vice President,
Ginnie Mae Executive Vice President and Chief Operating Officer, and
Ginnie Mae Executive Vice President of Policy that are consistent with
the delegations of authority provided in this notice.
Authority: Section 7(d), Department of Housing and Urban
Development Act (42 U.S.C. 3535(d)); 24 CFR part 310; Bylaws of the
Government National Mortgage Association, posted at
www.ginniemae.gov.
Benjamin S. Carson, Sr.,
Secretary.
[FR Doc. 2021-00692 Filed 1-13-21; 8:45 am]
BILLING CODE 4210-67-P