60-Day Notice of Proposed Information Collection: Ginnie Mae Multiclass Securities Program Documents; OMB Control No.: 2503-0030
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 req...
Office of the President of Government National Mortgage Association (Ginnie Mae), HUD.
ACTION:
Notice.
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 60 days of public comment.
DATES:
Comments Due Date:
August 21, 2023.
ADDRESSES:
Interested persons are invited to submit comments regarding this proposal. Written comments and recommendations for the proposed information collection can be sent within 60 days of publication of this notice to
www.reginfo.gov/public/do/PRAMain.
Find this particular information collection by selecting “Currently under 60-day Review—Open for Public Comments” or by using the search function. Interested persons are also invited to submit comments regarding this proposal and comments should refer to the proposal by name and/or OMB Control Number and should be sent to: Anna P. Guido, Clearance Officer, REE, Department of Housing and Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410-5000; email
PaperworkReductionActOffice@hud.gov.
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 at
Anna.Guido@hud.gov,
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.
A. Overview of Information Collection
Title of Information Collection:
Ginnie Mae Multiclass Securities Program.
OMB Approval Number:
2503-0030.
Type of Request
Update to a currently approved collection.
Description of the need for the information and proposed use:
Respondents:
Information Collection/Form Number:
2503-0030.
Estimated Number of Respondents:
95.
Frequency of Response:
25.
Responses per Annum:
250.
Average Burden Hours per Response:
8,556.
Total Estimated Burdens:
39,525.75.
A
B
C
D
E
F
Information collection
Number of
respondents
Frequency of
response
Responses per
annum
Burden hour
per response
Annual
burden hrs
Hourly cost
per response
Annual cost
Pricing Letter
25
10
250
0.5
125
$45.56
$5,695.00
Structured Term Sheet
25
10
250
3
750
45.56
34,170.00
Trust (REMIC) Agreement
25
10
250
1
250
45.56
11,390.00
Trust Opinion
25
10
250
4
1,000
45.56
45,560.00
MX Trust Agreement
25
10
250
0.16
40
45.56
1,822.40
MX Trust Opinion
25
10
250
4
1,000
45.56
45,560.00
RR Certificate
25
10
250
0.08
20
45.56
911.20
Sponsor Agreement
25
10
250
0.05
12.5
45.56
569.50
Table of Contents
25
10
250
0.33
82.5
45.56
3,758.70
Issuance Statement
25
10
250
0.05
12.5
45.56
569.50
Tax Opinion
25
10
250
4
1,000
45.56
45,560.00
Transfer Affidavit
25
10
250
0.08
20
45.56
911.20
Supplemental Statement
25
0.25
6.25
1
6.25
45.56
284.75
Final Data Statements (attached to closing letter)
25
10
250
32
8,000
45.56
364,480.00
Accountants' Closing Letter
25
10
250
8
2,000
45.56
91,120.00
Accountants' OSC Letter
25
10
250
8
2,000
45.56
91,120.00
Structuring Data
25
10
250
8
2,000
45.56
91,120.00
Financial Statements
25
10
250
1
250
45.56
11,390.00
Principal and Interest Factor File Specifications
25
10
250
16
4,000
45.56
182,240.00
Distribution Dates and Statement
25
10
250
0.42
105
45.56
4,783.80
Term Sheet
25
10
250
2
500
45.56
22,780.00
New Issue File Layout
25
10
250
4
1,000
45.56
45,560.00
Flow of Funds
25
10
250
0.16
40
45.56
1,822.40
Trustee Receipt
25
10
250
2
500
45.56
22,780.00
Subtotal
5,756.25
24,713.75
1,146,916.05
Platinum Securities
Deposit Agreement
70
10
700
1
700
45.56
31,892.00
MBS Schedule
70
10
700
0.16
112
45.56
5,102.72
New Issue File Layout
70
10
700
4
2,800
45.56
127,568.00
Principal and Interest Factor File Specifications
70
10
700
16
11,200
45.56
510,272.00
Subtotal
2,800
14,812.00
674,834.72
Total Annual Responses
8,556.25
( printed page 39863)
Total Burden Hours
39,525.75
Total Cost
1,821,750.77
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 comments in response to these questions.
Use this for formal legal and research references to the published document.
88 FR 39862
Web Citation
Suggested Web Citation
Use this when citing the archival web version of the document.
“60-Day Notice of Proposed Information Collection: Ginnie Mae Multiclass Securities Program Documents; OMB Control No.: 2503-0030,” thefederalregister.org (June 20, 2023), https://thefederalregister.org/documents/2023-13046/60-day-notice-of-proposed-information-collection-ginnie-mae-multiclass-securities-program-documents-omb-control-no-2503-.