83 FR 2660 - Consolidated Delegation of Authority for the Government National Mortgage Association (Ginnie Mae)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 12 (January 18, 2018)

This notice is issued to consolidate the authorities delegated from the Secretary to the President and Executive Vice President--Chief Operations Officer of the Government National Mortgage Association (Ginnie Mae).

[Federal Register Volume 83, Number 12 (Thursday, January 18, 2018)]
[Notices]
[Pages 2660-2661]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00797]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6047-D-01]


Consolidated Delegation of Authority for the Government National 
Mortgage Association (Ginnie Mae)

AGENCY: Office of the Secretary, HUD.

ACTION: Notice of delegation of authority.

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SUMMARY: This notice is issued to consolidate the authorities delegated 
from the Secretary to the President and Executive Vice President--Chief 
Operations Officer of the Government National Mortgage Association 
(Ginnie Mae).

DATES: Applicability date: December 19, 2017.

FOR FURTHER INFORMATION CONTACT: Senior Vice President and Chief Risk 
Officer, Office of Enterprise Risk, Government National Mortgage 
Association, Department of Housing and Urban Development, Capital View, 
425 3rd Street SW, 4th Floor, Washington, DC 20024; telephone number 
202-475-4918 (this is not a toll-free number). Persons with hearing- or 
speech-impairments may access this number through TTY by calling the 
Federal Relay Service at 1-800-877-8339 (this is a toll-free number).

SUPPLEMENTARY INFORMATION: Ginnie Mae is a wholly owned U.S. Government 
corporation within the Department of Housing and Urban Development. 
Ginnie Mae's organic statute vests all the powers and duties of Ginnie 
Mae in the Secretary of HUD (12 U.S.C. 1723).
    In Ginnie Mae's bylaws, the Secretary has delegated all the powers 
and duties of Ginnie Mae that were vested in the Secretary to Ginnie 
Mae. In previous Federal Register notices, the Secretary has delegated 
authority over Ginnie Mae to the Ginnie Mae President. Specifically, 
the Secretary has delegated: (1) All the Secretary's authority with 
respect to managing

[[Page 2661]]

Ginnie Mae and Ginnie Mae's programs pursuant to title III of the 
National Housing Act (12 U.S.C. 1723 and 68 FR 41840); (2) authority to 
waive regulations issued by the U.S. Department of Housing and Urban 
Development (73 FR 76674); (3) authority to impose suspensions and 
debarments, with the concurrence of the General Counsel or his or her 
designee (54 FR 4913 and 63 FR 57133); and (4) the power to affix HUD's 
seal and authenticate documents (68 FR 41840).
    This notice consolidates the functions that the Secretary has 
delegated to the President of Ginnie Mae, while also delegating 
concurrent authority to Ginnie Mae's Executive Vice President--Chief 
Operations Officer. While the Secretary has delegated authority to the 
Ginnie Mae President and Ginnie Mae Executive Vice President--Chief 
Operations Officer, the Secretary retains authority under 12 U.S.C. 
1723.

Section A. Consolidation of Authority Delegated

    The Secretary hereby concurrently delegates authority to the 
President and the Executive Vice President--Chief Operations Officer of 
Ginnie Mae.
    1. All powers and duties of Ginnie Mae, which are by law vested in 
the Secretary, except as otherwise provided in the Ginnie Mae bylaws 
(posted at www.ginniemae.gov).
    2. All authority of the Secretary with respect to the management of 
Ginnie Mae and Ginnie Mae programs pursuant to title III of the 
National Housing Act, 12 U.S.C. 1723 (68 FR 41840);
    3. The power to waive HUD regulations; section 7(q), Department of 
Housing and Urban Development Act (42 U.S.C. 3535(q) and 73 FR 76674);
    4. The power to impose suspensions and debarments, with the 
concurrence of the General Counsel; section 7(d), Department of Housing 
and Urban Development Act (42 U.S.C. 3535(d); 54 FR 4913 and 63 FR 
57133); and
    5. Authority to authenticate documents and affix the seal of HUD to 
documents (68 FR 41840).

Section B. Authority To Redelegate

    The Ginnie Mae President and Ginnie Mae Executive Vice President--
Chief Operations Officer may redelegate the authorities delegated by 
the Secretary, except for the authority to waive HUD regulations. The 
authority to waive HUD regulations is reserved for the Ginnie Mae 
President, pursuant to the Department of Housing and Urban Development 
Act (42 U.S.C. 3535(q)), and may not be redelegated. However, if the 
Ginnie Mae President is absent from office, the Ginnie Mae Executive 
Vice President--Chief Operations Officer or other persons authorized to 
act in the President's absence may exercise the waiver authority of the 
President consistent with HUD's policies and procedures (73 FR 76674 
and 66 FR 13944).

Section C. Authority Superseded

    This delegation of authority supersedes all previous delegations of 
authority and redelegations of authority for Ginnie Mae, including the 
delegation of authority published in the Federal Register on August 30, 
2011 (76 FR 53931), and the June 21, 2017, memorandum entitled 
``Amendment to Delegation of Authority and Order of Succession for 
Ginnie Mae.'' The Secretary may revoke the authority authorized herein, 
in whole or part, at any time.

Section D. Actions Ratified

    The Secretary hereby ratifies all actions previously taken by the 
Ginnie Mae President and Ginnie Mae Executive Vice President--Chief 
Operations Officer that are consistent with the delegations of 
authority provided in this notice.

    Authority:  Section 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)); Article 3, Bylaws of the 
Government National Mortgage Association, posted at ginniemae.gov; 
24 CFR part 310.

    Dated: December 19, 2017.
Benjamin S. Carson, Sr.,
Secretary.
[FR Doc. 2018-00797 Filed 1-17-18; 8:45 am]
 BILLING CODE 4210-67-P