DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR–5040–N–02]
Notice of Proposed Information Collection: Comment Request Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (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:
December 18, 2006.
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: 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—
Lillian_L._Deitzer@hud.gov
; telephone—(202) 708–2374 (this is not a toll-free number).
FOR FURTHER INFORMATION CONTACT:
Debra Murphy, Ginnie Mae, 451 7th Street, SW., Room B–133, Washington, DC 20410; e-mail—
Debra_L._Murphy@hud.gov
; 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—
Victoria_Vargas@hud.gov
; telephone—(202) 475–6752; fax—(202) 485–0225 (this is not a toll-free number); or the Ginnie Mae Web site at
http://www.ginniemae.gov
for copies of the proposed forms and 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).
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:
Form
Appendix No.
Title
No. of respondents
Frequency of responses per year
Total annual responses
Hours per response
Total annual hours
11700
II–1
Letter of Transmittal
160
4
640
0.033
21
11701
I–1
Application for Approval FHA Lender and/or Ginnie Mae Mortgage-Backed Securities Issuer
16
1
16
1.000
16
11702
I–2
Resolution of Board of Directors and Certificate of Authorized Signatures
250
1
250
0.080
20
11704
II–2
Commitment to Guaranty Mortgage-Backed Securities
160
4
640
0.033
21
11705
III–6
Schedule of Subscribers and Ginnie Mae Guaranty Agreement
250
1
2,012
0.005
10
11706
III–7
Schedule of Pooled Mortgages
250
1
2,012
0.0075
15
11707
III–1
Master Servicing Agreement
250
1
250
0.016
4
11708
V–5
Document Release Request
250
34
8,500
0.050
425
11709
III–2
Master Agreement for Servicer's Principal and Interest Custodial Account
250
1
250
0.033
8
11709–A
I–6
ACH Debit Authorization
250
1
250
0.033
8
11710A, 1710B, 1710C & 11710E
VI–12
Issuer's Monthly Accounting Report and Liquidation Schedule
95
1
95
0.500
48
11710 D
VI–5
Issuer's Monthly Summary Reports
95
1
95
0.250
24
11711A and 11711B
III–5
Release of Security Interest and Certification and Agreement
250
12
24144
0.005
121
11712, 11712–II, 11717, 11717–II, 1724, 11728, 11728–II, 1731, 1734, 11747, 11747–II, and 11772–II
IV–6, IV–23, V–4, IV–20, IV–8, IV–24, IV–5, IV–22, IV–21, IV–9, IV–10, IV–7
Ginnie Mae I and II Prospectus Forms
250
12
24,144
0.133
3,211
11714 and 11714SN
VI–10, VI–11
Issuer's Monthly Remittance Advice and Issuer's Monthly Serial Note Remittance Advice
250
379
94,750
0.016
1,516
11715
III–4
Master Custodial Agreement
250
1
250
0.033
8
11720
III–3
Master Agreement for Servicer's Escrow Custodial Account
250
1
250
0.033
8
11732
III–22
Custodian's Certification for Construction Securities
75
1
75
0.016
1
11748 A
VI–6
Graduated Payment Mortgage or Growing Equity Mortgage Pool or Loan Package Composition
46
8
368
0.016
6
IX–1
Financial Statements and Audit Reports
250
1
250
1.000
250
Mortgage Bankers Financial Reporting Form
245
4
980
0.500
490
XI–6, XI–8, XI–9
Soldiers' and Sailors' Quarterly Reimbursement Request and SSCRA Loan Eligibility Information
68
1,245
84,660
0.033
2,794
VI–2
Letter for Loan Repurchase
250
12
2,376
0.030
71
III–21
Certification Requirements for the Pooling of Multifamily Mature Loan Program
75
1
75
0.050
4
VI–9
Request for Reimbursement of Mortgage Insurance Claim Costs for Multifamily Loans
20
1
68
0.250
17
VII–1
Collection of Remaining Principal Balances
250
12
7,328,856
0.004
29,315
Data Verification Form
250
2
500
0.050
25
III–9
Authorization to Accept Facsimile Signed Correction Request Forms
41
12
492
0.016
8
III–13
Electronic Data Interchange System Agreement
250
1
250
0.166
42
III–14
Enrollment Administrator Signatories for Issuers and Document Custodians
250
1
250
0.100
25
Corporate Guaranty Agreement
34
1
34
0.050
2
I–4
Cross Default Agreement
71
1
71
0.050
4
VIII–2
Transfer Agreements
10
1
10
0.080
1
VIII–3
Assignment Agreements
79
1
10
0.130
1
VIII–1
Acknowledgement Agreement and Accompanying Documents—Pledge of Servicing
10
1
10
0.083
1
XI–2
Supervisory Agreement
10
1
10
0.080
1
Ginnie Mae Reporting and Feedback Data Collection
250
12
3,000
4.304
12,912
Total
250
Varies
7,577,804
Varies
38,541
Authority:
Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended.
Dated: October 11, 2006.
Michael J. Frenz,
Executive Vice President, Government National Mortgage Association.