[Federal Register Volume 87, Number 110 (Wednesday, June 8, 2022)]
[Notices]
[Pages 34896-34897]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-12351]



[[Page 34896]]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7055-N-01]


60-Day Notice of Proposed Information Collection: Ginnie Mae 
Mortgage-Backed Securities Programs; OMB Control No.: 2503-0033

AGENCY: Ginnie Mae, Housing and Urban Development (HUD).

ACTION: Notice.

-----------------------------------------------------------------------

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: August 8, 2022.

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: Anna P. Guido, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-402-5534 
(this is not a toll-free number) or email at [email protected] for a 
copy of the proposed forms or other available information. Persons with 
hearing or speech impairments may access this number through TTY by 
calling the toll-free Federal Relay Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email Anna P. Guido at 
[email protected] or telephone 202-402-5535. 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.

A. Overview of Information Collection

    Title of Information Collection: Ginnie Mae Mortgage-Backed 
Securities Programs Schedule of Subscribers and Ginnie Mae Guaranty 
Agreement.
    OMB Approval Number: 2503-0033.
    New/Renewal: Renewal.
    Form Number: HUD-11705.
    The information needed by Ginnie Mae for the participation of 
issuers/customers in its Mortgage-Backed Securities programs and to 
monitor performance and compliance with established rules and 
regulations.
    Description of the need for the information and proposed use: This 
form must be used by the issuer to submit pool or loan packages in 
either an electronic format, a paper format, or manual import using 
Single Family Pool Delivery Module (SFPDM) or GinnieNET. Ginnie Mae 
Issuers will deliver pool and loan data in Extensible Markup Language 
(XML) format based on MISMO Version 3.3. This new file format will 
replace the existing GinnieNET Single Family Flat File Layout that is 
currently submitted to Ginnie Mae, to better align with industry 
standards. Each time the issuer issues a new security, it agrees that 
the applicable Guaranty Agreement is in effect on the issue date of the 
securities and that it will govern all of the issuer's outstanding pool 
and loan packages, pooled mortgages, and securities whether created 
under the Ginnie Mae I MBS program or the Ginnie Mae II MBS program. 
The pool will vary as to the amount of each certificate, certificate 
holder, and the number of certificates for each holder. The data 
provided on this form is the basis for the preparation of the 
securities issued under each Ginnie Mae MBS pool. Upon receipt of the 
form, Bank of New York Mellon reviews the information submitted in 
conjunction with other documentation required for the issuance of MBS 
securities. The approval of this form enables the actual preparation of 
the securities to be issued.
    Title of Information Collection: Ginnie Mae Mortgage-Backed 
Securities Programs Schedule of Pooled Mortgages.
    OMB Approval Number: 2503-0033.
    New/Renewal: Renewal.
    Form Number: HUD-11706.
    The information needed by Ginnie Mae for the participation of 
issuers/customers in its Mortgage-Backed Securities programs and to 
monitor performance and compliance with established rules and 
regulations.
    Description of the need for the information and proposed use: This 
form is used by the issuers when using an electronic format, a paper 
format or manual entry to submit pools to Ginnie Mae's pool processing 
agent, Single Family Pool Delivery Module (SFPDM). By utilizing SFPDM, 
Ginnie Mae Issuers will deliver pool and loan data in Extensible Markup 
Language (XML) format based on MISMO Version 3.3. This new file format 
will replace the existing GinnieNET Single Family Flat File Layout that 
is currently submitted to Ginnie Mae, to be better aligned to industry 
standards. The purpose of the Form HUD 11706 is to provide a means of 
identifying and controlling the mortgages that collateralize the 
designated MBS pools or loan packages. It provides a certification from 
the document custodian that certain required mortgage documents are 
being held by the document custodian on behalf of Ginnie Mae.
    Title of Information Collection: Ginnie Mae Mortgage-Backed 
Securities Programs Reporting and Feedback (RFS) Single Family Issuer 
Monthly Payment Default Status (PDS) Loan Level Reporting.
    OMB Approval Number: 2503-0033.
    New/Renewal: New.
    Form Number: Appendix VI-22.
    The information needed by Ginnie Mae for the participation of 
issuers/customers in its Mortgage-Backed Securities programs and to 
monitor performance and compliance with established rules and 
regulations.
    Description of the need for the information and proposed use: 
Ginnie Mae issuers are required to submit loan level data through a 
separate Payment Default Status (PDS) record for all single-family 
loans that are: delinquent as defined in the MBS Guide Chapter 18; 
where the borrower is in bankruptcy whether or not the borrower is 
current on loan payments; where the borrower is in forbearance whether 
or not the borrower is current on loan payments; and/or the borrower is 
current in mortgage payments and for which the Issuer is pursuing an 
alternative to foreclosure (e.g., borrower is in imminent default), 
other than bankruptcy or forbearance. The report, as outlined in the 
MBS Guide Chapter 17, contains all applicable loans as of the close of 
the month for which data is presented and must reconcile with the 
monthly accounting report in the Reporting and Feedback System (RFS).
    This loan level data ensures that Ginnie Mae gains granular insight 
into the state of each Issuer's delinquent and defaulted loan 
portfolios, which is used to identify those issuers who represent the 
greatest risk of default, and thus future potential risk of financial 
loss to Ginnie Mae.

[[Page 34897]]



--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                              Estimated
                                                                               Frequency      Total                    Total       Hourly       annual
             Form                Appendix No.        Title        Number of        of         annual     Hours per     annual     cost per     cost to
                                                                 respondents   responses    responses    response      hours      response   respondents
                                                                                per year                                                      (issuers)
--------------------------------------------------------------------------------------------------------------------------------------------------------
11705........................  III-6..........  Schedule of           366.00        12.00     4,392.00       0.017        74.66       46.00     3,434.54
                                                 Subscribers
                                                 and Ginnie Mae
                                                 Guaranty
                                                 Agreement.
11706........................  III-7..........  Schedule of           366.00        12.00     4,392.00       0.083       364.54       46.00    16,768.66
                                                 Pooled
                                                 Mortgages.
                               Appendix VI-22.  Reporting and         306.00        12.00     3,672.00        0.10       367.20       46.00    16,891.20
                                                 Feedback (RFS)
                                                 Single Family
                                                 Issuer Monthly
                                                 Payment
                                                 Default Status
                                                 (PDS) Loan
                                                 Level
                                                 Reporting.
                              --------------------------------------------------------------------------------------------------------------------------
    Total....................  ...............  ...............  ...........  ...........  ...........  ..........       806.40  ..........    37,094.40
--------------------------------------------------------------------------------------------------------------------------------------------------------

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.

Sam I. Valverde,
Executive Vice President & Chief Operating Officer.
[FR Doc. 2022-12351 Filed 6-7-22; 8:45 am]
BILLING CODE 4210-67-P