| Page Range | 22095-22097 | |
| FR Document | 2016-08623 |
[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)] [Notices] [Pages 22095-22097] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-08623] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5909-N-28] 30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions) AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment. DATES: Comments Due Date: May 16, 2016. 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: [email protected] FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Anna P. Guido at [email protected] or telephone 202-402-5533. 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. The Federal Register notice that solicited public comment on the information collection for a period of 60 days was published on November 10, 2014 at 79 FR 66736. 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 Control Number: 2503-0033. Type of Request: Revision of a currently approved collection. Form Number: 11700, 11701, 11702, 11703-II, 11704, 11705, 11705H, 11706, 11706H, 11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C, 11710D, 117010DH, 11710E, 11711-A, 11711-B, 11714, 11714-SN, 11715, 11720, and 11732. Description of the need for the information and proposed use: Due to the elimination of the application used for Fingerprint Enrollment used by Ginnie Mae issuers and document custodians to access the GinnieNET system, Ginnie Mae is revising our Appendix III-29 to include the following: The name of the appendix will be changed to: Ginnie Mae Systems Access Appendix will have six (6) clearing defined sections. They are as follows: Appendix III-29: Instructions: Incorporates language to make the Appendix applicable to Ginnie Mae's GinnieNET system as well as the Ginnie Mae GMEP system. It clarifies the relationship of the Appendix to Ginnie Mae form HUD 11708. Appendix III-29 (A): Issuer Security Officer Registration: Incorporates language to make the Appendix applicable to Ginnie Mae's GinnieNET system as well as the Ginnie Mae GMEP system. Appendix III-29 (B): User Registration for Issuer Only: Incorporates language to ensure the user acknowledgements and signed rules of behavior that encompass the use of the GinnieNET system. Adding a Ginnie NET section with two (2) check boxes to the following types of GinnieNET functions: GinnieNET RSA SecurID Token Holder and GinnieNET User. Appendix III-29 (C): Custodian Security Officer Registration: Incorporates language to make the Appendix applicable to Ginnie Mae's GinnieNET system as well as the Ginnie Mae GMEP system. Appendix III-29 (D): Custodian User Registration: Incorporates language to ensure the user acknowledgements and signed rules of behavior that encompass the use of the GinnieNET system. Adding a check box for GinnieNET SecurID Token Holder. Appendix III-29 (E): RSA SecurID Token Request New form to be used by Ginnie Mae Issuers and Document Custodians to obtain the required RSA Token and identify user access As a result of the revisions to Appendix III-29, Ginnie Mae will be eliminating the use of Appendix III-14 (Enrollment Administrator and GinnieNET Authorized Signatories. With the implementation of Ginnie Mae's streamlined investor reporting under the revised Appendix VI-19, the [[Page 22096]] following appendices will be eliminated: Appendix VII-1 for MBS reporting and Appendix VII-2 for HMBS reporting. As part of this streamlined investor reporting process, in order to capture RFS exceptions listed in Appendix VI-19, Ginnie Mae has released Appendix VI-14 (Multifamily Prepayment Penalty Record File Layout and Appendix VI-16 (Quarterly Custodial Account Verification Record File Layout). Due to the increase in the number of Ginnie Mae active issuers in our HMBS program, Ginnie Mae is now including Forms 11705H/11706H-- Appendix III-28 (Schedule of Subscribers and Ginnie Mae Guaranty Agreement and Pool Participations--HMBS Pooling Import File Layout in our collection. This form combines both the 11705H and 11706H (Appendix III-28) into one import file layout. The addition of the new sections Appendix III-29, additions of Appendix VI-14, Appendix IV-16, Appendix III-28 and the elimination of Appendix III-14, Appendix VII-1 and Appendix VII-2 is the reason for the change of burden hours. The initially scheduled name change of Appendix III-13 from Electronic Data Interchanges System Agreement to Electronic Data Transfer Agreement and the addition of the phrase: Law of the District of Columbia in Section 4.7 will take place at a later date. There are 20 forms and appendices in our collection which are volume driven rather than participant driven: These have increased as our portfolio has grown. Included in the Guide are the appendices, forms, and documents necessary for Ginnie Mae to properly administer its MBS programs. While most of the calculations are based on number of respondents multiplied by the frequency of response, there are several items whose calculations are based on volume. -------------------------------------------------------------------------------------------------------------------------------------------------------- Frequency of Form Appendix Title Number of responses per Total annual Hours per Total annual No. respondents year responses response hours -------------------------------------------------------------------------------------------------------------------------------------------------------- 11700......................... 11-1 Letter of Transmittal. 329.000 4................. 1,316.000 0.033.......... 43.428 11701......................... 1-1 Application for 100.000 1................. 100.000 3.000.......... 300.000 Approval Ginnie Mae Mortgage-Backed Securities Issuer. 11702......................... 1-2 Resolution of Board of 454.000 1................. 454.000 0.800.......... 363.200 Directors and Certificate of Authorized Signatures. 11703-H....................... 1-7 Master Agreement for 14.000 1................. 14.000 0.800.......... 11.200 Participation Accounting. 11704......................... 11-2 Commitment to Guaranty 329.000 4................. 1,316.000 0.033.......... 43.428 Mortgage-Backed Securities. 11707......................... 111-1 Master Servicing 468.000 1................. 468.000 0.033.......... 15.444 Agreement. 11709......................... 111-2 Master Agreement for 468.000 1................. 468.000 0.033.......... 15.444 Servicer's Principal and Interest Custodial Account. 11715......................... 111-4 Master Custodial 468.000 1................. 468.000 0.033.......... 15.444 Agreement. 11720......................... 111-3 Master Agreement for 468.000 1................. 468.000 0.033.......... 15.444 Servicer's Escrow Custodial Account. 11732......................... 111-22 Custodian's 55.000 1................. 55.000 0.016.......... 0.880 Certification for Construction Securities. IX-1 Financial Statements 468.000 1................. 468.000 1.000.......... 468.000 and Audit Reports. Mortgage Bankers 315.000 4................. 1,260.000 0.500.......... 630.000 Financial. Reporting Form........ 11709-A....................... 1-6 ACH Debit 468.000 1................. 468.000 0.033.......... 15.444 Authorization. 11710 D....................... VI-5 Issuer's Monthly 315.000 12................ 3,780.000 0.130.......... 491.400 Summary Reports. 11710A, 1710B, 1710C &11710E.. VI-12 Issuer's Monthly 315.000 1................. 315.000 0.130.......... 40.950 Accounting Report and Liquidation Schedule. 11710-DH...................... VI-21 HMBS Issuer's Monthly 14.000 12................ 168.000 0.130.......... 21.840 Summary Report. 111-13 Electronic Data 100.000 1................. 100.000 1.000.......... 100.000 Interchanges System. 1-4 Cross Default 10.000 1................. 10.000 0.050.......... 0.500 Agreement. VI-18 WHFIT Reporting....... 329.000 4................. 1,316.000 0.130.......... 171.080 111-29 Systems Access Forms.. 517.000 1................. 517.000 2.000.......... 1,034.000 VIII-1 Ginnie Mae 10.000 1................. 10.000 1.000.......... 10.000 Acknowledgement Agreement and Accompanying Documents Pledge of Servicing. VI-14 Multifamily Prepayment 22.000 12................ 264.000 0.050.......... 13.200 Penalty Record File Layout. VI-16 Quarterly Custodial 302.000 4................. 1,208.000 0.500.......... 604.000 Account Verification Record File Layout. -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 22097]] The burden for the Items listed below is based on volume and/or number of requests. -------------------------------------------------------------------------------------------------------------------------------------------------------- 11705......................... 111-6 Schedule of 3,500.000 12................ 42,000.000 0.050.......... 2,100.000 Subscribers and Ginnie Mae Guaranty Agreement. 11706......................... 111-7 Schedule of Pooled 3,500.000 12................ 42,000.000 0.800.......... 33,600.000 Mortgages. 11705H & 11706H............... 111-28 Schedule of 80.000 12................ 960.000 0.050.......... 48.000 Subscribers and Ginnie Mae Guaranty Agreement--HMBS Pooling--Import File Layout. 11708......................... V-5 Document Release 329.000 1................. 329.000 0.050.......... 16.450 Request. VI-19 Monthly Pool and Loan 400,000.000 12................ 4,800,000.000 0.500.......... 2,400,000.000 Level Report (RFS). XI-6, XI-8, Soldiers' and Sailors' 2,000.000 4................. 8,000.000 0.033.......... 264.000 XI-9 Quarterly Reimbursement Request and SSCRA Loan Eligibility Information. 11711A & 11711B............... 111-5 Release of Security 678,000.000 1................. 678,000.000 0.050.......... 33,900.00 Interest and Certification and Agreement. 11714 & 11714SN............... VI-10, VI- Issuer's Monthly 4,700.000 12................ 56,400.000 0.016.......... 902.400 11 Remittance Advice and Issuer's Monthly Serial Note Remittance Advice. VI-2 Letter for Loan 50.000 12................ 600.000 0.033.......... 19.800 Repurchase. 111-21 Certification 298.000 1................. 298.000 0.050.......... 14.900 Requirements for the Pooling of Multifamily Mature Loan Program. VI-9 Request for 21.000 1................. 21.000 0.250.......... 5.250 Reimbursement of Mortgage Insurance Claim Costs for Multifamily Loans. VIII-3 Assignment Agreements. 67.000 1................. 67.000 0.130.......... 8.710 111-9 Authorization to 329.000 12................ 3,948.000 0.016.......... 63.168 Accept Facsimile Signed Correction Request Forms. VI-17 HMBS Issuer 3,200.000 12................ 38,400.000 0.130.......... 4,992.000 Specification for MBSAA. ------------- ------------------------------------------------------------------------------------ Total..................... ........... ...................... .............. Varies............ 48,886,034 Varies......... 24,080,359 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. Dated: April 8, 2016. Anna P. Guido, Department Paperwork Reduction Act Officer, Office of the Chief Information Officer. [FR Doc. 2016-08623 Filed 4-13-16; 8:45 am] BILLING CODE 4210-67-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Comments Due Date: May 16, 2016. | |
| Contact | Anna P. Guido, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Anna P. Guido at [email protected] or telephone 202-402-5533. 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. | |
| FR Citation | 81 FR 22095 |