81 FR 59647 - 30-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 168 (August 30, 2016)
Federal Register Volume 81, Issue 168 (August 30, 2016)
| Page Range | 59647-59649 | |
| FR Document | 2016-20799 |
[Federal Register Volume 81, Number 168 (Tuesday, August 30, 2016)] [Notices] [Pages 59647-59649] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-20799] ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5909-N-62] 30-Day Notice of Proposed Information Collection: Ginnie Mae Multiclass Securities Program Documents Forms and Electronic Data Submissions AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: HUD has submitted the proposed information collection [[Page 59648]] 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: September 29, 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 June 23, 2016 at 81 FR 40897. A. Overview of Information Collection Title of Information Collection: Ginnie Mae Multiclass Securities Program Documents, Forms and Electronic Data Submissions. OMB Control Number: 2503-0030. Form Number: None. Type of Request: Extension. Description of the need for 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 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. ---------------------------------------------------------------------------------------------------------------- Estimated Number of annual Total Estimated Estimated Type of information collection (Prepared by) potential frequency annual average annual sponsors per responses hourly burden respondant burden hours ---------------------------------------------------------------------------------------------------------------- REMIC Securities Pricing Letter............. Sponsor........... 18 8.00 144.00 0.50 72.00 Structured Term Sheet...... Sponsor........... 18 8.00 144.00 3.00 432.00 Trust (REMIC) Agreement.... Attorney for 18 8.00 144.00 1.00 144.00 Sponsor. Trust Opinion.............. Attorney for 18 8.00 144.00 4.00 576.00 Sponsor. MX Trust Agreement......... Attorney for 18 8.00 144.00 0.16 23.04 Sponsor. MX Trust Opinion........... Attorney for 18 8.00 144.00 4.00 576.00 Sponsor. RR Certificate............. Attorney for 18 8.00 144.00 0.08 11.52 Sponsor. Sponsor Agreement.......... Attorney for 18 8.00 144.00 0.05 7.20 Sponsor. Table of Contents.......... Attorney for 18 8.00 144.00 0.33 47.52 Sponsor. Issuance Statement......... Attorney for 18 8.00 144.00 0.5 72.00 Sponsor. Tax Opinion................ Attorney for 18 8.00 144.00 4.00 576.00 Sponsor. Transfer Affidavit......... Attorney for 18 8.00 144.00 0.08 11.52 Sponsor. Supplemental Statement..... Attorney for 18 0.25 4.50 1.00 4.50 Sponsor. Final Data Statements Attorney for 18 8.00 144.00 32.00 4608.00 (attached to closing Sponsor. letter). Accountants' Closing Letter Accountant........ 18 8.00 144.00 8.00 1152.00 Accountants' OSC Letter.... Accountant........ 18 8.00 144.00 8.00 1152.00 Structuring Data........... Accountant........ 18 8.00 144.00 8.00 1152.00 Financial Statements....... Accountant........ 18 8.00 144.00 1.00 144.00 Principal and Interest Trustee........... 18 8.00 144.00 16.00 2304.00 Factor File Specifications. Distribution Dates and Trustee........... 18 8.00 144.00 0.42 60.48 Statement. Term Sheet................. Sponsor........... 18 8.00 144.00 2.00 288.00 New Issue File Layout...... Trustee........... 18 8.00 144.00 4.00 576.00 Flow of Funds.............. Attorney for 18 8.00 144.00 0.16 23.04 Trustee. Trustee Receipt............ Trustee Attorney.. 18 8.00, 144.00 2.00 288.00 ------------------------------------------------------------ [[Page 59649]] Subtotal................... .................. ........... .......... $3,316.50 .......... 14,300.82 Platinum Securities Deposit Agreement.......... Depositor......... 19 10.00 190.00 1.00 190.00 MBS Schedule............... Depositor......... 19 10.00 190.00 0.16 30.40 New Issue File Layout...... Depositor......... 19 10.00 190.00 4.00 760.00 Principal and Interest Trustee........... 19 10.00 190.00 16.00 3040.00 Factor File Specifications. ------------------------------------------------------------ Subtotal................... .................. ........... .......... $760.00 .......... $4,020.40 ------------------------------------------------------------ Total Annual Responses..... .................. ........... .......... $4,076.50 .......... .......... ------------------------------------------------------------ Total Burden Hours......... .................. ........... .......... .......... .......... $18,321.22 Calculation of Burden Hours: Sponsors x Frequency per Year = Est. Annual Frequency Est. Annual Frequency x Est. Average Completion Time = Est. Annual Burden Hours ---------------------------------------------------------------------------------------------------------------- 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. Dated: August 23, 2016. Anna P. Guido, Department of Paperwork Reduction Act Officer, Office of the Chief Information Officer. [FR Doc. 2016-20799 Filed 8-29-16; 8:45 am] BILLING CODE 4210-67-P
![Federal Register / Vol. 81, No. 168 / Tuesday, August 30, 2016 / Notices 59647
days was published on June 7, 2016 at (OMB) for review, in accordance with data to (a) monitor mortgagee
81 FR 36580. the Paperwork Reduction Act. The compliance with HUD’s loan servicing
purpose of this notice is to allow for an procedures and assignments; and (b)
A. Overview of Information Collection
additional 30 days of public comment. potentially avoid mortgage assignments.
Title of Information Collection: DATES: Comments Due Date: September This information is submitted
Budget-Neutral Demonstration Program 29, 2016. electronically via the Internet.
for Energy and Water Conservation ADDRESSES: Interested persons are
Respondents (i.e. affected public): 50
Improvements at Multifamily Housing invited to submit comments regarding (Mortgagees).
Residential Units. Estimated Number of Respondents:
this proposal. Comments should refer to
OMB Approval Number: 2502-New. 50.
the proposal by name and/or OMB
Type of Request: New collection. Estimated Number of Responses:
Control Number and should be sent to:
Form Number: None. 4533.
HUD Desk Officer, Office of Frequency of Response: 91.
Description of the need for the Management and Budget, New
information and proposed use: The Pay Average Hours per Response: 10
Executive Office Building, Washington, minutes.
for Success (PFS) Pilot authorizes HUD DC 20503; fax: 202–395–5806. Email:
to establish a competitive process for Total Estimated Burden: 755 hours.
OIRA_Submission@omb.eop.gov.
selecting one or more qualified B. Solicitation of Public Comment
FOR FURTHER INFORMATION CONTACT:
intermediaries who will, per agreements
Colette Pollard, Reports Management This notice is soliciting comments
with HUD, be responsible for initiating
Officer, QMAC, Department of Housing from members of the public and affected
and managing an energy and water
and Urban Development, 451 7th Street parties concerning the collection of
conservation retrofit program at select
SW., Washington, DC 20410; email information described in Section A on
assisted multifamily housing properties.
Colette Pollard at Colette.Pollard@ the following:
Participation in the program is (1) Whether the proposed collection
voluntary. Participating applicants are hud.gov or telephone 202–402–3400.
This is not a toll-free number. Persons of information is necessary for the
required to submit application proper performance of the functions of
information for the purpose of putting with hearing or speech impairments
may access this number through TTY by the agency, including whether the
together a proposal for evaluation. information will have practical utility;
Through this application information, calling the toll-free Federal Relay
Service at (800) 877–8339. (2) The accuracy of the agency’s
HUD evaluates whether applicants have estimate of the burden of the proposed
met all of the requirements necessary to Copies of available documents
submitted to OMB may be obtained collection of information;
apply and be selected to participate in (3) Ways to enhance the quality,
the PFS Pilot. from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
utility, and clarity of the information to
Respondents (i.e. affected public): be collected; and
Businesses or other for-profits, nonprofit notice informs the public that HUD is
(4) Ways to minimize the burden of
organizations, and State, Local, or Tribal seeking approval from OMB for the
the collection of information on those
Government entities. information collection described in
who are to respond; including through
Estimated Number of Respondents: Section A.
The Federal Register notice that the use of appropriate automated
15. collection techniques or other forms of
Estimated Number of Responses: 15. solicited public comment on the
information collection for a period of 60 information technology, e.g., permitting
Frequency of Response: Once. electronic submission of responses.
Average Hours per Response: 20. days was published on June 29, 2016 at
HUD encourages interested parties to
Total Estimated Burden: 300 hours. 81 FR 42369.
submit comment in response to these
Authority: Section 3507 of the Paperwork A. Overview of Information Collection questions.
Reduction Act of 1995, 44 U.S.C. Chapter 35. Title of Information Collection: Authority: Section 3507 of the Paperwork
Dated: August 23, 2016. Multifamily Default Status Report. Reduction Act of 1995, 44 U.S.C. Chapter 35.
Colette Pollard, OMB Approval Number: 2502–0041. Dated: August 25, 2016.
Department Reports Management Officer, Type of Request: Revision of a Colette Pollard,
Office of the Chief Information Officer. currently approved collection. Department Reports Management Officer,
[FR Doc. 2016–20801 Filed 8–29–16; 8:45 am] Form Number: HUD–92426. Office of the Chief Information Officer.
BILLING CODE 4210–67–P
Description of the need for the
[FR Doc. 2016–20798 Filed 8–29–16; 8:45 am]
information and proposed use:
BILLING CODE 4210–67–P
Mortgagees servicing FHA-insured
DEPARTMENT OF HOUSING AND mortgages use this information
URBAN DEVELOPMENT collection to notify HUD that a project DEPARTMENT OF HOUSING AND
owner is delinquent (15–20 days past URBAN DEVELOPMENT
[Docket No. FR–5909–N–63] due) or in default (30 days past due) on
its mortgage payment. They also use the [Docket No. FR–5909–N–62]
30-Day Notice of Proposed Information
system to submit an election to assign
Collection: Multifamily Default Status 30-Day Notice of Proposed Information
a defaulted mortgage to HUD (refer to
Report Collection: Ginnie Mae Multiclass
regulations at 24 CFR 207.256) by the
Office of the Chief Information 75th day from the date of default. To Securities Program Documents Forms
mstockstill on DSK3G9T082PROD with NOTICES
AGENCY:
Officer, HUD. avoid assignment of mortgage, which is and Electronic Data Submissions
ACTION: Notice. costly to the government, HUD and the AGENCY: Office of the Chief Information
mortgagor may develop a plan for Officer, HUD.
SUMMARY: HUD has submitted the reinstating the loan since HUD uses the ACTION: Notice.
proposed information collection information submitted in MDDR as an
requirement described below to the early warning mechanism. HUD field SUMMARY: HUD has submitted the
Office of Management and Budget office and Headquarters staff use the proposed information collection
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![Federal Register / Vol. 81, No. 168 / Tuesday, August 30, 2016 / Notices 59649
Estimated Estimated Estimated
Number of annual Total average annual
Type of information collection (Prepared by) potential frequency annual hourly burden
sponsors per responses burden hours
respondant
Subtotal .......................................................... ....................................... .................... .................. $3,316.50 .................. 14,300.82
Platinum Securities
Deposit Agreement ........................................ Depositor ...................... 19 10.00 190.00 1.00 190.00
MBS Schedule ............................................... Depositor ...................... 19 10.00 190.00 0.16 30.40
New Issue File Layout ................................... Depositor ...................... 19 10.00 190.00 4.00 760.00
Principal and Interest Factor File Specifica- Trustee .......................... 19 10.00 190.00 16.00 3040.00
tions.
Subtotal .......................................................... ....................................... .................... .................. $760.00 .................. $4,020.40
Total Annual Responses ............................... ....................................... .................... .................. $4,076.50 .................. ..................
Total Burden Hours ....................................... ....................................... .................... .................. .................. .................. $18,321.22
Calculation of Burden Hours:
Sponsors × Frequency per Year = Est. Annual
Frequency
Est. Annual Frequency × Est. Average Comple-
tion Time = Est. Annual Burden Hours
B. Solicitation of Public Comment DEPARTMENT OF HOUSING AND Copies of available documents
URBAN DEVELOPMENT submitted to OMB may be obtained
This notice is soliciting comments from Ms. Guido.
from members of the public and affected [Docket No. FR–5909–N–64]
SUPPLEMENTARY INFORMATION: This
parties concerning the collection of notice informs the public that HUD is
30-Day Notice of Proposed Information
information described in Section A on seeking approval from OMB for the
Collection: Application for Community
the following: Compass TA and Capacity Building information collection described in
(1) Whether the proposed collection Program NOFA Section A.
of information is necessary for the The Federal Register notice that
AGENCY: Office of the Chief Information solicited public comment on the
proper performance of the functions of
Officer, HUD. information collection for a period of 60
the agency, including whether the
ACTION: Notice. days was published on June 20, 2016 at
information will have practical utility;
SUMMARY: HUD has submitted the 81 FR 24628.
(2) The accuracy of the agency’s
estimate of the burden of the proposed proposed information collection A. Overview of Information Collection
collection of information; requirement described below to the
Title of Information Collection:
Office of Management and Budget
(3) Ways to enhance the quality, Application for Community Compass
(OMB) for review, in accordance with
utility, and clarity of the information to TA and Capacity Building Program
the Paperwork Reduction Act. The
be collected; and NOFA.
purpose of this notice is to allow for an
OMB Approval Number: 2506–0198.
(4) Ways to minimize the burden of additional 30 days of public comment. Type of Request: Extension.
the collection of information on those DATES: Comments Due Date: September Form Number: SF–424, SF424CB, SF–
who are to respond; including through 29, 2016. 424CBW.
the use of appropriate automated ADDRESSES: Interested persons are Description of the need for the
collection techniques or other forms of invited to submit comments regarding information and proposed use:
information technology, e.g., permitting this proposal. Comments should refer to Application information is needed to
electronic submission of responses. the proposal by name and/or OMB determine competition winners, i.e., the
HUD encourages interested parties to Control Number and should be sent to: technical assistance providers best able
submit comment in response to these HUD Desk Officer, Office of to develop efficient and effective
Management and Budget, New programs and projects that increase the
questions.
Executive Office Building, Washington, supply of affordable housing units,
C. Authority: Section 3507 of the DC 20503; fax: 202–395–5806. Email: prevent and reduce homelessness,
Paperwork Reduction Act of 1995, 44 OIRA_Submission@omb.eop.gov. improve data collection and reporting,
U.S.C. Chapter 35. FOR FURTHER INFORMATION CONTACT: and use coordinated neighborhood and
Anna P. Guido, Reports Management community development strategies to
Dated: August 23, 2016. Officer, QMAC, Department of Housing revitalize and strengthen their
Anna P. Guido, and Urban Development, 451 7th Street communities.
SW., Washington, DC 20410; email
mstockstill on DSK3G9T082PROD with NOTICES
Department of Paperwork Reduction Act Respondents (i.e. affected public):
Officer, Office of the Chief Information Anna P. Guido at Anna.P.Guido@ Profit and non-profit organizations.
Officer. hud.gov or telephone 202–402–5535. Estimated Number of Respondents:
[FR Doc. 2016–20799 Filed 8–29–16; 8:45 am] This is not a toll-free number. Persons 52.
with hearing or speech impairments Estimated Number of Responses: 52.
BILLING CODE 4210–67–P
may access this number through TTY by Frequency of Response: 1.
calling the toll-free Federal Relay Average Hours per Response: 100.
Service at (800) 877–8339. Total Estimated Burdens: 5200.
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Document Created: 2018-02-09 11:42:43
Document Modified: 2018-02-09 11:42:43
| 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: September 29, 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 59647 |
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