[Federal Register Volume 88, Number 60 (Wednesday, March 29, 2023)]
[Notices]
[Pages 18571-18572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06462]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7070-N-16; OMB Control No. 2503-0034]


30-Day Notice of Proposed Information Collection: Ginnie Mae 
Digital Collateral Program

AGENCY: Office of Policy Development and Research, Chief Data 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 an additional 30 days of 
public comment.

DATES: Comments Due Date: April 28, 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 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

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, 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.
    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 January 
26, 2023, at 88 FR 5034.

A. Overview of Information Collection

    Title of Information Collection: Ginnie Mae Digital Collateral 
Program.
    OMB Approval Number: 2503-0034.
    Type of Request: Reinstatement.
    Form Number: HUD-11701A; HUD-11701B; HUD-11708-SI.
    Description of the need for the information and proposed use: 
Adapting to the needs of the industry, Ginnie Mae is permitting 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 hour     Annual    Hourly cost
                    Information collection                      Number of    Frequency    Responses       per         burden        per      Annual cost
                                                               respondents  of response   per annum     response      hours      response *
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eIssuer Application (HUD11701-A).............................           20            1           20           .5           10          $38         $380
eCustodian Application (HUD 11701-B).........................            5            1            5           .5          2.5           38           95
Request for Release of Secured Party (HUD 11708-SI)..........          300            1          300          .05           15           38          570
                                                              ------------------------------------------------------------------------------------------
    Total....................................................          325            1          325         1.05         27.5           38        1,045
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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.
    (5) ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    HUD encourages interested parties to submit comment in response to 
these questions.

[[Page 18572]]

C. Authority

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

Anna P. Guido,
Department Reports Management Office, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2023-06462 Filed 3-28-23; 8:45 am]
BILLING CODE 4210-67-P