[Federal Register Volume 88, Number 17 (Thursday, January 26, 2023)]
[Notices]
[Pages 5034-5035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01495]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7069-N-01]


60-Day Notice of Proposed Information Collection: Ginnie Mae 
Digital Collateral Program, OMB Control No.: 2503-0034

AGENCY: 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 is to allow for 60 days of public comment.

DATES: Comments Due Date: March 27, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 60 days of publication of 
this notice to [email protected], www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting 
``Currently under 60-day Review--Open for Public Comments'' or by using 
the search function, and Interested persons are also invited to submit 
comments regarding this proposal and comments should refer to the 
proposal by name and/or OMB Control Number and should be sent to: Anna 
Guido, Clearance Officer, REE, Department of

[[Page 5035]]

Housing and Urban Development, 451 7th Street SW, Room 8210, 
Washington, DC 20410-5000; telephone 202-402-5535 (this is not a toll-
free number) or email at [email protected] for a copy of the 
proposed forms or other available information. HUD welcomes and is 
prepared to receive calls from individuals who are deaf or hard of 
hearing, as well as individuals with speech or communication 
disabilities. To learn more about how to make an accessible telephone 
call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.

FOR FURTHER INFORMATION CONTACT: Anna Guido Department of Housing and 
Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410; 
telephone 202-402-5535, (this is not a toll-free number). HUD welcomes 
and is prepared to receive calls from individuals who are deaf or hard 
of hearing, as well as individuals with speech and communication 
disabilities. To learn more about how to make an accessible telephone 
call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
    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 Digital Collateral 
Program.
    OMB Approval Number: 2503-0034.
    Type of Request: Revision of a currently approved collection.
    Form Number: HUD-11701A; HUD-11701B; HUD-11708SI.
    Description of the need for the information and proposed use:
    Adapting to the needs of the industry, Ginnie Mae is permittinh the 
securitization of mortgage loans where the note is an eligible eNote. 
The forms in this request are new forms that are necessary due to the 
unique requirements of managing eNotes and eMortgages. This collection 
permits Ginnie Mae to verify: (1) that eIssuers and eMortgages have the 
specialized knowledge and experience to participate; (2) that eIssuers 
and eCustodians have the technological capability to service eMortgages 
and safeguard eMortgage documents; (3) the name and location of the 
entities responsible for the various Ginnie Mae accounts and eMortgage 
documents, and (4) those entities that are responsible for servicing 
the eMortgages that back the Ginnie Mae pools. Ginnie Mae needs this 
information to mitigate risk and evaluate its business operations, 
procedures and programs, and assist lenders in processing borrower 
requests more efficiently. Ginnie Mae also requires the collection of 
information to ensure that there are no deficiencies, which could 
affect the pass through of securities to its investors.
    Based upon feedback received about the eIssuer Application form 
(HUD-11701A), we have revised the instructions. The only revision is to 
the form's instructions which now address subservicing by the eIssuer 
Applicant.

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                                                                                                                  Burden    Annual     Hourly
           Information collection                     Number of  respondents         Frequency of   Responses    hour per   burden    cost per   Annual
                                                                                        response    per annum    response    hours    response    cost
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eIssuer Application (HUD-11701A)............  20...................................             1           20         .5        10        $32      $320
eCustodian Application (HUD-11701B).........  5....................................             1            5         .5       2.5         32        80
Request for Release of Secured Party (HUD-    Est. Volume..........................             1          300        .05        15         32       480
 11808SI).                                    300..................................
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    Total...................................  Varies...............................             1          325     Varies      27.5         32       880
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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.

Sam I. Valverde,
Executive Vice President & Chief Operating Officer.
[FR Doc. 2023-01495 Filed 1-25-23; 8:45 am]
BILLING CODE 4210-67-P