81 FR 40897 - 60-Day Notice of Proposed Information Collection Ginnie Mae Multiclass Securities Program Documents (Forms and Electronic Data Submissions)
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 81, Issue 121 (June 23, 2016)
Federal Register Volume 81, Issue 121 (June 23, 2016)
| Page Range | 40897-40899 | |
| FR Document | 2016-14926 |
[Federal Register Volume 81, Number 121 (Thursday, June 23, 2016)] [Notices] [Pages 40897-40899] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14926] ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5912-N-01] 60-Day Notice of Proposed Information Collection Ginnie Mae Multiclass Securities Program Documents (Forms and Electronic Data Submissions) AGENCY: Office of the President of Government National Mortgage Association (Ginnie Mae), HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. DATES: Comments Due Date: August 22, 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: Anna Guido., QDAM, Information Reports Management Officer, Department of Housing and Urban Development, 451 7th Street SW., L'Enfant Plaza Building, Room 4186, Washington, DC 20410; email: [email protected]; telephone (202) 708- 2384. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Guido. FOR FURTHER INFORMATION CONTACT: Shalei Choi, Ginnie Mae, 451 7th Street SW., Room B-133, Washington, DC 20410; email_ [email protected]; telephone--(202) 475-7820; (this is not a toll- free number); the Ginnie Mae Web site at www.ginniemae.gov for other available information. SUPPLEMENTARY INFORMATION: The Department will submit the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). A. Overview of Information Collection Title of Proposal: Ginnie Mae Multiclass Securities Program Documents. (Forms and Electronic Data Submissions). OMB Control Number, if applicable: 2503-0030. Type of Information Collection: Extension of a currently approved. Description of the need for the information and proposed use: This information collection is required in connection with the operation of the Ginnie Mae Multiclass Securities program. Ginnie Mae's authority to guarantee multiclass instruments is contained in 306(g)(1) of the National Housing Act (``NHA'') (12 U.S.C. 1721(g)(1)), which authorizes Ginnie Mae to guarantee ``securities * * * based on or backed by a trust or pool composed of mortgages. * * *'' Multiclass securities are backed by Ginnie Mae securities, which are backed by government insured or guaranteed mortgages. Ginnie Mae's authority to operate a Multiclass Securities program is recognized in Section 3004 of the Omnibus Budget Reconciliation Act of 1993 (``OBRA''), which amended 306(g)(3) of the NHA (12 U.S.C. 1271(g)(3)) to provide Ginnie Mae with greater flexibility for the Multiclass Securities program regarding fee structure, contracting, industry consultation, and program implementation. Congress annually sets [[Page 40898]] Ginnie Mae's commitment authority to guarantee mortgage-backed (``MBS'') pursuant to 306(G)(2) of the NHA (12 U.S.C. 1271(g)(2)). Since the multiclass are backed by Ginnie Mae Single Class MBS, Ginnie Mae has already guaranteed the collateral for the multiclass instruments. The Ginnie Mae Multiclass Securities Program consists of Ginnie Mae Real Estate Mortgage Investment Conduit (``REMIC'') securities, Stripped Mortgage-Backed Securities (``SMBS''), and Platinum securities. The Multiclass Securities program provides an important adjunct to Ginnie Mae's secondary mortgage market activities, allowing the private sector to combine and restructure cash flows from Ginnie Mae Single Class MBS into securities that meet unique investor requirements in connection with yield, maturity, and call-option protection. The intent of the Multiclass Securities program is to increase liquidity in the secondary mortgage market and to attract new sources of capital for federally insured or guaranteed loans. Under this program, Ginnie Mae guarantees, with the full faith and credit of the United States, the timely payment of principal and interest on Ginnie Mae REMIC, SMBS and Platinum securities. Agency form numbers, if applicable: Not applicable. Members of affected public: For-profit business (mortgage companies, thrifts, savings & loans, etc.). Estimation of the total number of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: ---------------------------------------------------------------------------------------------------------------- Estimated Number of annual Total Estimated Estimated Type of information (Prepared by) potential frequency annual average annual collection sponsors per responses hourly burden respondant burden hours ---------------------------------------------------------------------------------------------------------------- REMIC Securities ---------------------------------------------------------------------------------------------------------------- Pricing Letter............... Sponsor......... 18 8 144 0.5 72 Structured Term Sheet........ Sponsor......... 18 8 144 3 432 Trust (REMIC) Agreement...... Attorney for 18 8 144 1 144 Sponsor. Trust Opinion................ Attorney for 18 8 144 4 576 Sponsor. MX Trust Agreement........... Attorney for 18 8 144 0.16 23.04 Sponsor. MX Trust Opinion............. Attorney for 18 8 144 4 576 Sponsor. RR Certificate............... Attorney for 18 8 144 0.08 11.52 Sponsor. Sponsor Agreement............ Attorney for 18 8 144 0.05 7.2 Sponsor. Table of Contents............ Attorney for 18 8 144 0.33 47.52 Sponsor. Issuance Statement........... Attorney for 18 8 144 0.5 72 Sponsor. Tax Opinion.................. Attorney for 18 8 144 4 576 Sponsor. Transfer Affidavit........... Attorney for 18 8 144 0.08 11.52 Sponsor. Supplemental Statement....... Attorney for 18 0.25 4.5 1 4.5 Sponsor. Final Data Statements Attorney for 18 8 144 32 4608 (attached to closing letter). Sponsor. Accountants' Closing Letter.. Accountant...... 18 8 144 8 1152 Accountants' OSC Letter...... Accountant...... 18 8 144 8 1152 Structuring Data............. Accountant...... 18 8 144 8 1152 Financial Statements......... Accountant...... 18 8 120 1 120 Principal and Interest Factor Trustee......... 18 8 144 16 2304 File Specifications. Distribution Dates and Trustee......... 18 8 144 0.42 60.48 Statement. Term Sheet................... Sponsor......... 18 8 144 2 288 New Issue File Layout........ Trustee......... 18 8 144 4 576 Flow of Funds................ Attorney for 18 8 144 0.16 23.04 Trustee. Trustee Receipt.............. Trustee Attorney 18 8 144 2 288 ---------------------------------------------------------------- Subtotal................. ................ ........... ........... 3292.5 ........... 14276.82 ---------------------------------------------------------------------------------------------------------------- Platinum Securities ---------------------------------------------------------------------------------------------------------------- Deposit Agreement............ Depositor....... 19 10 190 1 190 MBS Schedule................. Depositor....... 19 10 190 0.16 30.4 New Issue File Layout........ Depositor....... 19 10 190 4 760 Principal and Interest Factor Trustee......... 19 10 190 16 3040 File Specifications. ---------------------------------------------------------------- Subtotal................. ................ ........... ........... 760 ........... 4020.4 ---------------------------------------------------------------- Total Annual ................ ........... ........... 4052.5 ........... ........... Responses. Total Burden ................ ........... ........... ........... ........... 18297.22 Hours. ---------------------------------------------------------------------------------------------------------------- Calculation of Burden Hours: Sponsors x Frequency per Year = Est. Annual Frequency. Est. Annual Frequency x Est. Average Completion Time = Est. Annual Burden Hours. ---------------------------------------------------------------------------------------------------------------- [[Page 40899]] B. Solicitation of Public Comment This Notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate 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) Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) 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. Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35 as amended. Dated: June 17, 2016. Gregory Keith, Acting Executive Vice President, Government National Mortgage Association. [FR Doc. 2016-14926 Filed 6-22-16; 8:45 am] BILLING CODE 4210-67-P
![Federal Register / Vol. 81, No. 121 / Thursday, June 23, 2016 / Notices 40897
consultation with representatives of ‘‘views, information or advice’’ are ADDRESSES: Interested persons are
affected Indian tribal governments, a exchanged concerning the implementation of invited to submit comments regarding
summary of the nature of their concerns, intergovernmental responsibilities or this proposal. Comments should refer to
administration, including those that arise
and the agency’s position supporting the explicitly or implicitly under statute,
the proposal by name and/or OMB
need to issue the regulation; and regulation, or Executive order. Control Number and should be sent to:
3. Makes available to the Director of The scope of meetings covered by the Anna Guido., QDAM, Information
OMB any written communications exemption should be construed broadly to Reports Management Officer,
submitted to HUD by such Indian tribal include any meetings called for any purpose Department of Housing and Urban
governments. relating to intergovernmental responsibilities Development, 451 7th Street SW.,
or administration. Such meetings include, L’Enfant Plaza Building, Room 4186,
VII. Increasing Flexibility for Indian but are not limited to, meetings called for the
Tribal Waivers Washington, DC 20410; email:
purpose of seeking consensus; exchanging
views, information, advice, and/or Anna.P.Guido@hud.gov; telephone (202)
HUD shall review the processes under 708–2384. This is not a toll-free number.
recommendations; or facilitating any other
which Indian tribal governments apply interaction relating to intergovernmental Copies of available documents
for waivers of statutory and regulatory responsibilities or administration. (OMB submitted to OMB may be obtained
requirements, and take appropriate Memorandum 95–20 (September 21, 1995), from Ms. Guido.
steps to streamline those processes. pp. 6–7, published at 60 FR 50651, 50653
FOR FURTHER INFORMATION CONTACT:
A. HUD shall, to the extent (September 29, 1995)).
Shalei Choi, Ginnie Mae, 451 7th Street
practicable and permitted by law,
IX. General Provisions SW., Room B–133, Washington, DC
consider any application by an Indian
This document has been adopted for 20410; email—Shalei.Choi@hud.gov;
tribal government for a waiver of
the purpose of enhancing government- telephone—(202) 475–7820; (this is not
statutory or regulatory requirements, in
to-government relationships, a toll-free number); the Ginnie Mae Web
connection with any program
communications, and mutual site at www.ginniemae.gov for other
administered by HUD, with a general
cooperation between the United States available information.
view toward increasing opportunities
for utilizing flexible policy approaches, Department of Housing and Urban SUPPLEMENTARY INFORMATION: The
at the Indian tribal level, in cases in Development and tribes and is not Department will submit the proposed
which the proposed waiver is consistent intended to, and does not, create any information collection to OMB for
with the applicable Federal policy right to administrative or judicial review, as required by the Paperwork
objectives and is otherwise appropriate. review, or any other right or benefit or Reduction Act of 1995 (44 U.S.C.
B. HUD shall, to the extent practicable trust responsibility, substantive or Chapter 35, as amended).
and permitted by law, render a decision procedural, enforceable by a party
against the United States, its agencies or A. Overview of Information Collection
upon a complete application for a
waiver within 90 days of receipt of such instrumentalities, its officers or Title of Proposal: Ginnie Mae
application by HUD. HUD shall provide employees, or any other persons. The Multiclass Securities Program
the applicant with timely written notice provisions of FACA are not applicable Documents. (Forms and Electronic Data
of the decision and, if the application to this policy. This document is Submissions).
for a waiver is not granted, the reasons effective on the date it is signed. OMB Control Number, if applicable:
for such denial. Dated: April 4, 2016. 2503–0030.
C. This section applies only to Julián Castro,
Type of Information Collection:
statutory or regulatory requirements that Extension of a currently approved.
Secretary.
are discretionary and subject to waiver Description of the need for the
[FR Doc. 2016–14896 Filed 6–22–16; 8:45 am]
by HUD. Applicable civil rights statutes information and proposed use: This
BILLING CODE 4210–67–P
and regulations are not subject to information collection is required in
waiver. connection with the operation of the
Ginnie Mae Multiclass Securities
VIII. Applicability of the Federal DEPARTMENT OF HOUSING AND
program. Ginnie Mae’s authority to
Advisory Committee Act URBAN DEVELOPMENT
guarantee multiclass instruments is
The provisions of the Federal [Docket No. FR–5912–N–01] contained in 306(g)(1) of the National
Advisory Committee Act (5 U.S.C. App., Housing Act (‘‘NHA’’) (12 U.S.C.
Pub. L. 92–463, section 2, Oct. 6, 1972, 60-Day Notice of Proposed Information 1721(g)(1)), which authorizes Ginnie
86 Stat. 770) (FACA) do not apply to Collection Ginnie Mae Multiclass Mae to guarantee ‘‘securities * * *
consultations undertaken pursuant to Securities Program Documents (Forms based on or backed by a trust or pool
this policy. In accordance with section and Electronic Data Submissions) composed of mortgages. * * *’’
204(b) of the Unfunded Mandates AGENCY: Office of the President of Multiclass securities are backed by
Reform Act of 1995 (Pub. L. 104–4, Government National Mortgage Ginnie Mae securities, which are backed
approved March 22, 1995, 109 Stat. 48), Association (Ginnie Mae), HUD. by government insured or guaranteed
FACA is not applicable to consultations ACTION: Notice. mortgages. Ginnie Mae’s authority to
between the Federal Government and operate a Multiclass Securities program
elected officers of Indian tribal SUMMARY: The proposed information is recognized in Section 3004 of the
collection requirement described below Omnibus Budget Reconciliation Act of
asabaliauskas on DSK3SPTVN1PROD with NOTICES
governments (or their designated
employees with authority to act on their will be submitted to the Office of 1993 (‘‘OBRA’’), which amended
behalf). As OMB stated in its guidelines Management and Budget (OMB) for 306(g)(3) of the NHA (12 U.S.C.
implementing section 204(b): review, as required by the Paperwork 1271(g)(3)) to provide Ginnie Mae with
Reduction Act. The Department is greater flexibility for the Multiclass
This exemption applies to meetings
between Federal officials and employees and
soliciting public comments on the Securities program regarding fee
. . . tribal governments, acting through their subject proposal. structure, contracting, industry
elected officers, officials, employees, and DATES: Comments Due Date: August 22, consultation, and program
Washington representatives, at which 2016. implementation. Congress annually sets
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![Federal Register / Vol. 81, No. 121 / Thursday, June 23, 2016 / Notices 40899
B. Solicitation of Public Comment extension of the existing RAD Register, this notice solicits input on the
This Notice is soliciting comments Documents so that the program can structure of the TIAC.
from members of the public and continue to operate while HUD reviews DATES: Comments on the proposed
affecting agencies concerning the and responds to the comments received structure of the TIAC are due on or
proposed collection of information to: during the 60-day comment period, and before: June 23, 2016.
(1) Evaluate whether the proposed completes the Paperwork Reduction Act ADDRESSES: Interested persons are
collection of information is necessary submission process for amending and invited to submit comments on the
for the proper performance of the renewing the RAD Documents for a structure of the Tribal
functions of the agency, including period of three years. Intergovernmental Advisory Committee.
whether the information will have DATES: Office of Management and There are two methods for comments to
practical utility; Budget approval of the existing RAD be included in the docket for this rule.
(2) Evaluate the accuracy of the Documents is set to expire on June 30, Additionally, all submissions must refer
agency’s estimate of the burden of the 2016. to the above docket number and title.
proposed collection of information; FOR FURTHER INFORMATION CONTACT: 1. Submission of Comments by Mail.
(3) Enhance the quality, utility, and Stacy Harrison, Recapitalization Comments may be submitted by mail to
clarity of the information to be Program Specialist, Office of Housing, the Regulations Division, Office of the
collected; and Department of Housing and Urban General Counsel, Department of
(4) Minimize the burden of the Development, 451 7th Street SW., Housing and Urban Development, 451
collection of information on those who Washington, DC 20410–8000; telephone: Seventh Street SW., Room 10276,
are to respond; including through the 202–402–4234 (this is not a toll-free Washington, DC 20410–0500.
use of appropriate automated collection number). Hearing- or speech-impaired 2. Electronic Submission of
techniques or other forms of information individuals may access these numbers Comments. Interested persons may
technology, e.g., permitting electronic through TTY by calling the Federal submit comments electronically through
submission of responses. Relay Service at 800–877–8339 (this is the Federal eRulemaking Portal at
Authority: Section 3506 of the Paperwork a toll-free number). www.regulations.gov. HUD strongly
Reduction Act of 1995, 44 U.S.C. Chapter 35 encourages the electronic submission of
Dated: June 17, 2016. comments. Electronic submission
as amended.
Genger Charles, allows the maximum time to prepare
Dated: June 17, 2016. General Deputy Assistant Secretary For and submit a nomination, ensures
Gregory Keith, Housing. timely receipt by HUD, and enables
Acting Executive Vice President, Government [FR Doc. 2016–14924 Filed 6–22–16; 8:45 am] HUD to make them immediately
National Mortgage Association. BILLING CODE 4210–67–P available to the public. Comments
[FR Doc. 2016–14926 Filed 6–22–16; 8:45 am] submitted electronically through the
BILLING CODE 4210–67–P www.regulations.gov Web site can be
DEPARTMENT OF HOUSING AND viewed by interested members of the
URBAN DEVELOPMENT public. Individuals should follow the
DEPARTMENT OF HOUSING AND instructions provided on that site to
URBAN DEVELOPMENT [Docket No. FR–5951–N–01] submit comments electronically.
[Docket No. FR–5955–N–01] Note: To receive consideration, comments
Notice of Proposal To Establish a
must be submitted through one of the two
Paperwork Reduction Act—Rental Tribal Intergovernmental Advisory
methods specified above. Again, all
Assistance Demonstration (RAD) Committee; Request for Comments on submissions must refer to the docket number
Documents Committee Structure and title of the rule. No Facsimile Comments.
Facsimile (FAX) comments are not
AGENCY: Office of the Assistant AGENCY: Office of Assistant Secretary for
acceptable.
Secretary for Housing, HUD. Public and Indian Housing, HUD.
ACTION: Notice.
Public Inspection of Comments. All
ACTION: Notice.
properly submitted comments and
SUMMARY: The Rental Assistance SUMMARY: This notice solicits comments communications submitted to HUD will
Demonstration allows Public Housing, and recommendations regarding the be available for public inspection and
Moderate Rehabilitation (Mod Rehab), establishment of a Tribal copying between 8 a.m. and 5 p.m.
Rent Supplement (Rent Supp), and Intergovernmental Advisory Committee weekdays at the above address. Due to
Rental Assistance Payment (RAP) (TIAC), consisting of tribal security measures at the HUD
properties to convert to long-term representatives, to assist HUD further Headquarters building, an advance
project-based Section 8 rental assistance develop and maintain its Indian housing appointment to review the submissions
contracts. The documents that subject to programs. The TIAC is intended to must be scheduled by calling the
this notice are those used to process and further communications between HUD Regulations Division at (202) 708–3055
complete the conversion process for and Federally recognized Indian tribes (this is not a toll-free number).
Public Housing, Mod Rehab, Rent Supp, on HUD programs, make Individuals with speech or hearing
and RAP properties. recommendations to HUD regarding impairments may access this number
On March 17, 2016, HUD published a current program regulations, provide via TTY by calling the Federal
asabaliauskas on DSK3SPTVN1PROD with NOTICES
60-day notice announcing proposed advice in the development of HUD’s Information Relay Service at (800) 877–
changes to the existing Rental American Indian and Alaska Native 8339. Copies of all submissions are
Assistance Demonstration (RAD) housing priorities, and encourage peer available for inspection and
Documents and solicited public learning and capacity building among downloading at www.regulations.gov.
comments on the proposal. tribes and non-tribal entities. Consistent FOR FURTHER INFORMATION CONTACT:
An emergency request has been made with HUD’s Tribal Government-to- Heidi J. Frechette, Deputy Assistant
to the Office of Management and Budget Government Consultation Policy, Secretary for Native American
(OMB) for a short term six-month published elsewhere in this Federal Programs, Office of Public and Indian
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Document Created: 2018-02-08 07:41:24
Document Modified: 2018-02-08 07:41:24
| 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: August 22, 2016. | |
| Contact | Shalei Choi, Ginnie Mae, 451 7th Street SW., Room B-133, Washington, DC 20410; email_ [email protected]; telephone--(202) 475-7820; (this is not a toll- free number); the Ginnie Mae Web site at www.ginniemae.gov for other available information. | |
| FR Citation | 81 FR 40897 |
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