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Notice of Proposed Information Collection: Comment Request Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)

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Office of the President of Government National Mortgage Association (Ginnie Mae), HUD.




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.


Comments Due Date: December 18, 2006.


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: Lillian Deitzer, QDAM, Information Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 800a, Washington, DC 20410; fax—(202) 708-3135; e-mail—; telephone—(202) 708-2374 (this is not a toll-free number).

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Debra Murphy, Ginnie Mae, 451 7th Street, SW., Room B-133, Washington, DC 20410; e-mail—; telephone—(202) 475-4923; fax—(202) 485-0225 (this is not a toll-free number); Victoria Vargas, Ginnie Mae, 451 7th Street, SW., Room B-133, Washington, DC 20410; e-mail—; telephone—(202) 475-6752; fax—(202) 485-0225 (this is not a toll-free number); or the Ginnie Mae Web site at for copies of the proposed forms and other available information.

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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).

This Notice reflects the change in burden hours due to Ginnie Mae consolidating its data collection process for program participants and due to an increase in data reporting requirements as it relates to Ginnie Mae's proposed Home Equity Conversion Mortgages security.

This Notice is soliciting comments from members of the public and affected 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 hours 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.

This Notice also lists the following information:

Title of Proposal: Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions).

OMB Control Number, if applicable: 2503-0033.

Description of the need for the information and proposed use: Ginnie Mae's Mortgage-Backed Securities Guide 5500.3, Revision 1 (“Guide”) provides instructions and guidance to participants in the Ginnie Mae Mortgage-Backed Securities (“MBS”) programs (“Ginnie Mae I and Ginnie Mae II”). Participants in the Ginnie Mae I program issue securities backed by single-family or multifamily loans. Participants in the Ginnie Mae II program issue securities backed by single-family loans. The Ginnie Mae II MBS are modified pass-through MBS on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their Ginnie Mae II MBS. The Ginnie Mae II MBS also allow small issuers who do not meet the minimum dollar pool requirements of the Ginnie Mae I MBS to participate in the secondary mortgage market. In addition, the Ginnie Mae II MBS permit the securitization of adjustable rate mortgages (“ARMs”). Included in the Guide are appendices, forms, and documents necessary for Ginnie Mae to properly administer its MBS programs.

Agency form numbers, if applicable: 11700, 11701, 11702, 11704, 11705, 11706, 11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C, 11710D, 11710E, 11711-A, 11711-B, 11712, 11712-II, 11714, 11714-SN, 11715, 11717, 11717-II, 11720, 1724, 11728, 11728-II, 1731, 11732, 1734, 11747, 11747-II, 11748-A, 11772-II.

Estimation of the total number of hours needed to prepare the information collection, including number of respondents, frequency of response, and hours of response: Start Printed Page 61495

FormAppendix No.TitleNo. of respondentsFrequency of responses per yearTotal annual responsesHours per responseTotal annual hours
11700II-1Letter of Transmittal16046400.03321
11701I-1Application for Approval FHA Lender and/or Ginnie Mae Mortgage-Backed Securities Issuer161161.00016
11702I-2Resolution of Board of Directors and Certificate of Authorized Signatures25012500.08020
11704II-2Commitment to Guaranty Mortgage-Backed Securities16046400.03321
11705III-6Schedule of Subscribers and Ginnie Mae Guaranty Agreement25012,0120.00510
11706III-7Schedule of Pooled Mortgages25012,0120.007515
11707III-1Master Servicing Agreement25012500.0164
11708V-5Document Release Request250348,5000.050425
11709III-2Master Agreement for Servicer's Principal and Interest Custodial Account25012500.0338
11709-AI-6ACH Debit Authorization25012500.0338
11710A, 1710B, 1710C & 11710EVI-12Issuer's Monthly Accounting Report and Liquidation Schedule951950.50048
11710 DVI-5Issuer's Monthly Summary Reports951950.25024
11711A and 11711BIII-5Release of Security Interest and Certification and Agreement25012241440.005121
11712, 11712-II, 11717, 11717-II, 1724, 11728, 11728-II, 1731, 1734, 11747, 11747-II, and 11772-IIIV-6, IV-23, V-4, IV-20, IV-8, IV-24, IV-5, IV-22, IV-21, IV-9, IV-10, IV-7Ginnie Mae I and II Prospectus Forms2501224,1440.1333,211
11714 and 11714SNVI-10, VI-11Issuer's Monthly Remittance Advice and Issuer's Monthly Serial Note Remittance Advice25037994,7500.0161,516
11715III-4Master Custodial Agreement25012500.0338
11720III-3Master Agreement for Servicer's Escrow Custodial Account25012500.0338
11732III-22Custodian's Certification for Construction Securities751750.0161
11748 AVI-6Graduated Payment Mortgage or Growing Equity Mortgage Pool or Loan Package Composition4683680.0166
IX-1Financial Statements and Audit Reports25012501.000250
Mortgage Bankers Financial Reporting Form24549800.500490
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XI-6, XI-8, XI-9Soldiers' and Sailors' Quarterly Reimbursement Request and SSCRA Loan Eligibility Information681,24584,6600.0332,794
VI-2Letter for Loan Repurchase250122,3760.03071
III-21Certification Requirements for the Pooling of Multifamily Mature Loan Program751750.0504
VI-9Request for Reimbursement of Mortgage Insurance Claim Costs for Multifamily Loans201680.25017
VII-1Collection of Remaining Principal Balances250127,328,8560.00429,315
Data Verification Form25025000.05025
III-9Authorization to Accept Facsimile Signed Correction Request Forms41124920.0168
III-13Electronic Data Interchange System Agreement25012500.16642
III-14Enrollment Administrator Signatories for Issuers and Document Custodians25012500.10025
Corporate Guaranty Agreement341340.0502
I-4Cross Default Agreement711710.0504
VIII-2Transfer Agreements101100.0801
VIII-3Assignment Agreements791100.1301
VIII-1Acknowledgement Agreement and Accompanying Documents—Pledge of Servicing101100.0831
XI-2Supervisory Agreement101100.0801
Ginnie Mae Reporting and Feedback Data Collection250123,0004.30412,912
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Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended.

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Dated: October 11, 2006.

Michael J. Frenz,

Executive Vice President, Government National Mortgage Association.

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[FR Doc. E6-17288 Filed 10-17-06; 8:45 am]