60-Day Notice of Proposed Information Collection: Comment Request; Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions), 66736-66739 [2014-26647]
Download as PDF
<![CDATA[
66736
Federal Register / Vol. 79, No. 217 / Monday, November 10, 2014 / Notices
(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.
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339. This is not a toll-free number.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD has
submitted to OMB a request for
approval of 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 July 2, 2014.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
A. Overview of Information Collection
Title of Information Collection:
Mortgagor’s Certificate of Actual Cost.
OMB Approval Number: 2502–0112.
Type of Request: Extension of
currently approved collection.
Form Number: HUD–92330.
Description of the need for the
information and proposed use: HUD
uses the form to obtain data from a
mortgagor relative to the actual cost of
a project. HUD uses the cost information
to determine the maximum insurable
mortgage for final endorsement of an
insured mortgage. Actual cost is defined
in section 227(c) of the National
Housing Act. In addition Form HUD–
92330 must be accompanied by an
audited balance sheet certified by an
accountant unless the project has less
than 40 units, or if it is a refinancing or
a purchase of an existing project under
207/223f or 232/223f.
Respondents: Insured Mortgagees.
Estimated Number of Respondents:
2151.
Estimated Number of Responses:
2151.
Frequency of Response: 1.
Average Hours per Response: 8.
Total Estimated Burdens: 17,208.
Dated: November 4, 2014.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2014–26648 Filed 11–7–14; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5752–N–89]
30-Day Notice of Proposed Information
Collection: Mortgagor’s Certificate of
Actual Cost
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD has submitted the
proposed information collection
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: December
10, 2014.
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:
OIRA_Submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email at
ColettePollard@hud.gov or telephone
202–402–3400. Persons with hearing or
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:25 Nov 07, 2014
Jkt 235001
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
PO 00000
Frm 00054
Fmt 4703
Sfmt 4703
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.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Date: November 4, 2014.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2014–26649 Filed 11–7–14; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5755–N–01]
60-Day Notice of Proposed Information
Collection: Comment Request; Ginnie
Mae Mortgage-Backed Securities
Guide 5500.3, Revision 1 (Forms and
Electronic Data Submissions)
Office of the President of
Government National Mortgage
Association (Ginnie Mae), HUD.
ACTION: Notice.
AGENCY:
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: February 9,
2015.
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:
Colette Pollard, Q, Administrator
Support Specialist, Department of
Housing and Urban Development, 451
7th Street SW., Room 4160, Washington,
DC 20410; email Colette.Pollard@
hud.gov; telephone (202) 708–0306, ext.
3400. This is not a toll-free number.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
FOR FURTHER INFORMATION CONTACT:
Debra Murphy, Ginnie Mae, 451 7th
Street SW., Room B–133, Washington,
DC 20410; email—Debra.L.Murphy@
hud.gov; telephone—(202) 475–4923;
fax—(202) 485–0225 (this is not a tollfree number); Merlene Hawkins, Ginnie
Mae, 451 7th Street SW., Room B–133,
Washington, DC 20410; email—
Merlene.Hawkins@hud.gov; telephone—
(202) 475–4916; fax—(202) 485–0225
SUMMARY:
E:\FR\FM\10NON1.SGM
10NON1
Federal Register / Vol. 79, No. 217 / Monday, November 10, 2014 / Notices
(this is not a toll-free number); or the
Ginnie Mae Web site at
www.ginniemae.gov for other available
information.
The
Department will submit the proposed
information collection to OMB for
review required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
Chapter 35, as amended).
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’’). Under the Ginnie Mae
I program, securities are backed by
single-family or multifamily loans.
Under the Ginnie Mae II program
securities are only backed by singlefamily loans. Both the Ginnie Mae I and
II MBS are modified pass-through
securities. The Ginnie Mae II multiple
Issuer MBS is structured so that small
issuers, who do not meet the minimum
number of loans and dollar amount
requirements of the Ginnie Mae I MBS,
can participate in the secondary
mortgage market. In addition, the Ginnie
Mae II MBS permits the securitization of
adjustable rate mortgages (‘‘ARMs’’).
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
18:25 Nov 07, 2014
Jkt 235001
Description of Proposed New
Requirements:
Due to the acceleration of nondepository issuers entering in the
Ginnie Mae program, regulatory changes
and changes to the insuring/guarantying
agencies programs, Ginnie Mae is
expanding its data collection and
disclosure processes.
ARM Pools:
In order to verify that loans backing
Ginnie Mae ARM pools meet the new 45
day look back period, Ginnie Mae will
be collecting two new data elements.
One new data element will be
completed on the HUD Form 11705 at
issuance. This will be a look-back
period data element which will be a
drop down selection of either 30 days or
45 days. The second new data will be
completed on the HUD Form 11706 for
ARMS pools only at this time. This will
be the loan origination date (name will
be changed to Note Date at a later time).
MISMO:
Ginnie Mae is implementing a new
pool delivery data set using MISMO
standard data definitions with respect to
Single Family Issuances. This will
include the addition of 16 new data
points, of which three will be required,
three will be conditionally required and
the remaining eleven will be optional.
The data points are as follows:
Required New Data Points:
Construction Method Typ.. MH),
Amortization Type & Note Date
(name changed from loan
origination date and will be for all
pools).
Conditionally Required New Data
Points:
Down Payment Amount, Loan
Modification Effective Date & Suffix
Name
Optional New Data Points:
Construction Method Type (other
than MH), Property Valuation
Amount, Property Valuation
Effective Date, Purchase Price
Amount, Guaranty Amount (if VA),
Guaranty Percent (if VA), Middle
Name, Full Name, Curtailment Data
Points (Monetary Event Applied
Date, Monetary Event Gross
Principal Amount & Monetary
Event Type).
Loan Level:
Ginnie Mae is proposing the
collection of additional data elements at
the loan level to supplement the
monthly reporting collection of data.
The additional data elements are being
added to provide Ginnie Mae greater
PO 00000
Frm 00055
Fmt 4703
Sfmt 4703
66737
oversight of its program participants and
will be collected as part of the monthly
reporting submission. The proposed
additional new data elements are as
follows:
Bankruptcy Action Type, Bankruptcy
Case Identifier, Bankruptcy Chapter
Type, Bar Date, Bar Date, Borrower
Bankruptcy Indicator, Borrower
Classification Type, Borrower Total
Mortgaged Properties Count, Counseling
Initiated Indicator, Credit Score Date,
Document Custodian ID, Insurance
Claim Coverage Type, Investor UPB,
Adjustment to Investor UPB,
Prospective Note Rate, Prospective P&I
(FIC), Effective Date of Rate Change,
Lien Holder Type, Net Note Rate,
Servicer Transfer Effective Date,
Servicer Type, Loan P&I Institution ID
and Account Number, Loan
Ti(Institution ID and Account Number,
Sub-Servicer ID, Sub & Servicer Rights
Type and Total Subordinate Financing
Amount.
New Issuer Applications:
Ginnie has automated its new issuer
the application process used to
approval. The new automated process
requires applicants to complete two
online courses through Ginnie Mae
Online University.
HMBS:
Ginnie Mae will be expanding its data
collection at issuance in order to
enhance data disclosures.
The addition of the new data elements
are the reason for the increase of burden
hours. Please see the below link for
more information regarding the
additional data elements. https://
www.ginniemae.gov/products programs/
Pages/Federal Register Notice.aspx
There are 15 forms and appendices in
our collection which are volume driven
rather than participant driven: These
have increased as our portfolio has
grown.
Included in the Guide are the
appendices, forms, and documents
necessary for Ginnie Mae to properly
administer its MBS programs.
Agency form numbers: 11700, 11701,
11702, 11704, 11705, 11706, 11707,
11708, 11709, 11709–A, 11710A, 1710–
B, 1710–C, 11710D, 11710E, 11711–A,
11711–B, 11714, 11714–SN, 11720,
11715, 11732, 11785.
While most of the calculations are
based on number of respondents
multiplied by the frequency of response,
there are several items whose
calculations are based on volume.
E:\FR\FM\10NON1.SGM
10NON1
66738
Federal Register / Vol. 79, No. 217 / Monday, November 10, 2014 / Notices
Appendix
No.
Form
11700 ..............................
11701 ..............................
11–1
1–1
11702 ..............................
1–2
11703– ............................
11704 ..............................
1–7
11–2
11707 ..............................
11709 ..............................
111–1
111–2
11715 ..............................
11720 ..............................
111–4
111–3
11732 ..............................
111–22
IX–1
11709–A .........................
11710 D ..........................
11710A, 1710B, 1710C &
11710E.
11710–DH .......................
1–6
VI–5
VI–12
VI–21
111–13
111–14
1–4
VI–18
111–29
VIII–1
VI–19
Number of
respondents
Title
Letter of Transmittal .............................................
Application for Approval Ginnie Mae MortgageBacked Securities Issuer.
Resolution of Board of Directors and Certificate
of Authorized Signatures.
Master Agreement for Participation Accounting ..
Commitment to Guaranty Mortgage-Backed Securities.
Master Servicing Agreement ...............................
Master Agreement for Servicer’s Principal and
Interest Custodial Account.
Master Custodial Agreement ...............................
Master Agreement for Servicer’s Escrow Custodial Account.
Custodian’s Certification for Construction Securities.
Financial Statements and Audit Reports .............
Mortgage Bankers Financial Reporting Form ......
ACH Debit Authorization ......................................
Issuer’s Monthly Summary Reports .....................
Issuer’s Monthly Accounting Report and Liquidation Schedule.
HMBS Issuer’s Monthly Summary Report ...........
Electronic Data Interchange System Agreement
Enrollment Administrator Signatories for Issuers
and Document Custodians.
Cross Default Agreement ....................................
WHFIT Reporting .................................................
Enterprise Portal (GMEP) ....................................
Registration Forms ...............................................
Ginnie Mae Acknowledgement Agreement and
Accompanying Documents Pledge of Servicing.
Monthly Pool and Loan Level Report (RFS) .......
Frequency
of
responses
per year
Total
annual
responses
Total
annual
hours
Hours per
response
329
100
4
1
1200
100
0.033
.3
43.4
300.0
454
1
454
0.08
36.3
14
329
1
4
14
1316
0.08
0.033
1.1
43.4
468
468
1
1
468
468
0.033
0.033
15.4
15.4
468
468
1
1
468
468
0.033
0.033
15.4
15.4
55
1
55
0.016
0.9
468
315
468
315
315
1
4
1
12
1
468
1260
468
3780
315
1
0.5
0.033
0.13
0.13
468 0
630.0
15.4
491.4
41.0
14
100
100
12
1
1
168
100
100
0.13
1
1
21.8
100.0
100.0
10
329
100
1
4
1
10
1316
100
0.05
0.13
1
0.5
171.0
100.0
10
1
10
1
10
300
12
3600
0.13
468.0
The burden for the Items listed below is based on volume and/or number of requests.
11705 ..............................
111–6
VI–17
Schedule of Subscribers and Ginnie Mae Guaranty Agreement.
Schedule of Pooled Mortgages ...........................
Schedule of Subscribers and Ginnie Mae Guaranty Agreement—HMBS Pooling-Import File
Layout.
Document Release ..............................................
Soldiers’ and Sailors’ Quarterly Reimbursement
Request and SSCRA Loan Eligibility Information.
Release of Security Interest and Certification
and Agreement.
Issuer’s Monthly Remittance Advice and Issuer’s
Monthly Serial Note Remittance Advice.
Letter for Loan Repurchase .................................
Collection of Remaining Principal Balances ........
Certification Requirements for the Pooling of
Multifamily Mature Loan Program.
Request for Reimbursement of Mortgage Insurance Claim Costs for Multifamily.
Assignment Agreements ......................................
Authorization to Accept Facsimile Signed Correction Request Forms.
HMBS Issuer Specification for MBSAA ...............
11706 ..............................
11705H ...........................
111–7
111–28
11708 ..............................
V–5
XI–6, XI–8,
XI–9
11711A and 11711B .......
111–5
11714 and 11714SN ......
VI–10, VI–
11
VI–2
V11–1
111–21
....................
..............................................................................
VI–9
VIII–3
111–9
Total .........................
1 Pooling
315
12
42000
0.05
2100.0
315
14
12
12
42000
960
0 08
0.05
97440.0
48
329
32
1
4
329
8000
0.05
0.033
16.5
1056.0
329
1
678000
0.05
33900.0
329
12
56400
0.016
10828.8
315
315
298
12
12
1
600
4800000
29811
0.033
0.033
0.05
237.6
158400.0
14.9
21
1
21
0.25
5.3
67
329
1
12
67
128
0.13
0.016
8.7
2.0
(1) 14
12
38,400
0.13
4992.0
....................
( 2)
10,481,385
( 2)
2,617,654
& Report.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
2 Varies.
VerDate Sep<11>2014
18:25 Nov 07, 2014
Jkt 235001
PO 00000
Frm 00056
Fmt 4703
Sfmt 9990
E:\FR\FM\10NON1.SGM
10NON1
Federal Register / Vol. 79, No. 217 / Monday, November 10, 2014 / Notices
Authority: Section 3506 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35,
as amended.
Dated: October 23, 2014.
Mary K. Kinney,
Executive Vice President, Government
National Mortgage Association.
[FR Doc. 2014–26647 Filed 11–7–14; 8:45 am]
BILLING CODE 4210–67–P
INTERNATIONAL TRADE
COMMISSION
[Investigation Nos. 701–TA–505 and 731–
TA–1231, 1232, 1235, and 1237 (Final)]
Grain-Oriented Electrical Steel From
China, Czech Republic, Korea, and
Russia
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Determinations
On the basis of the record 1 developed
in the subject investigations, the United
States International Trade Commission
(‘‘Commission’’) determines, pursuant
to sections 705(b) and 735(b) of the
Tariff Act of 1930 (19 U.S.C. 1671d(b))
and (19 U.S.C. 1673d(b)) (‘‘the Act’’),
that an industry in the United States is
not materially injured or threatened
with material injury, and the
establishment of an industry in the
United States is not materially retarded,
by reason of imports from China, Czech
Republic, Korea, and Russia of grainoriented electrical steel, provided for in
subheadings 7225.11 and 7226.11 of the
Harmonized Tariff Schedule of the
United States, that are sold in the
United States at less than fair value
(‘‘LTFV’’) and that are subsidized by the
government of China.2
Background
The Commission instituted these
investigations effective September 18,
2013, following receipt of a petition
filed with the Commission and
Commerce by AK Steel Corp., West
Chester, Ohio; Allegheny Ludlum, LLC,
Pittsburgh, Pennsylvania; and the
United Steelworkers, Pittsburgh,
Pennsylvania. The final phase of the
investigations was scheduled by the
Commission following notification of
preliminary determinations by
Commerce that imports of grainoriented electrical steel from China were
subsidized within the meaning of
section 703(b) of the Act (19 U.S.C.
1671b(b)) and that imports of grainoriented electrical steel from China,
Czech Republic, Korea, and Russia were
1 The record is defined in sec. 207.2(f) of the
Commission’s Rules of Practice and Procedure (19
CFR 207.2(f)).
2 Commissioner Rhonda K. Schmidtlein
dissented.
VerDate Sep<11>2014
18:25 Nov 07, 2014
Jkt 235001
being sold at LTFV within the meaning
of section 733(b) of the Act (19 U.S.C.
1673b(b)). Notice of the scheduling of
the final phase of the Commission’s
investigations and of a public hearing to
be held in connection therewith was
given by posting copies of the notice in
the Office of the Secretary, U.S.
International Trade Commission,
Washington, DC, and by publishing the
notices in the Federal Register of June
4, 2014 (79 FR 32310) and August 20,
2014 (79 FR 49339). The hearing was
held in Washington, DC, on July 24,
2014, and all persons who requested the
opportunity were permitted to appear in
person or by counsel.
The Commission completed and filed
its determinations in these
investigations on November 4, 2014.
The views of the Commission are
contained in USITC Publication 4500
(November 2014), entitled GrainOriented Electrical Steel From China,
Czech Republic, Korea, and Russia:
Investigation Nos. 701–TA–505 and
731–TA–1231, 1232, 1235, and 1237
(Final).
Issued: November 4, 2014.
By order of the Commission.
Lisa R. Barton,
Secretary to the Commission.
[FR Doc. 2014–26585 Filed 11–7–14; 8:45 am]
BILLING CODE 7020–02–P
INTERNATIONAL TRADE
COMMISSION
[Investigation No. 337–TA–935]
Certain Personal Transporters,
Components Thereof, and Manuals
Therefor Institution of Investigation
U.S. International Trade
Commission.
ACTION: Notice.
AGENCY:
Notice is hereby given that a
complaint was filed with the U.S.
International Trade Commission on
September 9, 2014, under section 337 of
the Tariff Act of 1930, as amended, 19
U.S.C. § 1337, on behalf of Segway Inc.
of Bedford, New Hampshire and DEKA
Products Limited Partnership of
Manchester, New Hampshire. A
supplement to the complaint was filed
on September 19, 2014. An amended
complaint was filed on October 6, 2014.
The amended complaint alleges
violations of section 337 based upon the
importation into the United States, the
sale for importation, and the sale within
the United States after importation of
certain personal transporters,
components thereof, and manuals
therefor by reason of infringement of
SUMMARY:
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
66739
certain claims of U.S. Patent No.
6,789,640 (‘‘the ’640 patent’’); U.S.
Patent No. 7,275,607 (‘‘the ’607 patent’’);
U.S. Patent No. 8,830,048 (‘‘the ’048
patent’’); U.S. Design Patent No.
D551,722 (‘‘the ’722 patent’’); U.S.
Design Patent No. D551,592 (‘‘the ’592
patent’’); and Copyright Registration No.
TX 7–800–563; and that an industry in
the United States exists as required by
subsection (a)(2) of section 337.
The complainants request that the
Commission institute an investigation
and, after the investigation, issue a
general exclusion order, or in the
alternative a limited exclusion, and
cease and desist orders.
ADDRESSES: The amended complaint,
except for any confidential information
contained therein, is available for
inspection during official business
hours (8:45 a.m. to 5:15 p.m.) in the
Office of the Secretary, U.S.
International Trade Commission, 500 E
Street SW., Room 112, Washington, DC
20436, telephone (202) 205–2000.
Hearing impaired individuals are
advised that information on this matter
can be obtained by contacting the
Commission’s TDD terminal on (202)
205–1810. Persons with mobility
impairments who will need special
assistance in gaining access to the
Commission should contact the Office
of the Secretary at (202) 205–2000.
General information concerning the
Commission may also be obtained by
accessing its Internet server at https://
www.usitc.gov. The public record for
this investigation may be viewed on the
Commission’s electronic docket (EDIS)
at https://edis.usitc.gov.
FOR FURTHER INFORMATION CONTACT: The
Office of Unfair Import Investigations,
U.S. International Trade Commission,
telephone (202) 205–2560.
Authority: The authority for institution of
this investigation is contained in section 337
of the Tariff Act of 1930, as amended, and
in section 210.10 of the Commission’s Rules
of Practice and Procedure, 19 CFR 210.10
(2014).
Scope of Investigation: Having
considered the amended complaint, the
U.S. International Trade Commission,
on November 4, 2014, ordered that—
(1) Pursuant to subsection (b) of
section 337 of the Tariff Act of 1930, as
amended, an investigation be instituted
to determine:
(a) Whether there is a violation of
subsection (a)(1)(B) of section 337 in the
importation into the United States, the
sale for importation, or the sale within
the United States after importation of
certain personal transporters,
components thereof, and manuals
therefor by reason of infringement of
E:\FR\FM\10NON1.SGM
10NON1
]]>Agencies
[Federal Register Volume 79, Number 217 (Monday, November 10, 2014)]
[Notices]
[Pages 66736-66739]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-26647]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5755-N-01]
60-Day 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: February 9, 2015.
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: Colette Pollard, Q, Administrator
Support Specialist, Department of Housing and Urban Development, 451
7th Street SW., Room 4160, Washington, DC 20410; email
Colette.Pollard@hud.gov; telephone (202) 708-0306, ext. 3400. This is
not a toll-free number. Copies of available documents submitted to OMB
may be obtained from Ms. Pollard.
FOR FURTHER INFORMATION CONTACT: Debra Murphy, Ginnie Mae, 451 7th
Street SW., Room B-133, Washington, DC 20410; email--
Debra.L.Murphy@hud.gov; telephone--(202) 475-4923; fax--(202) 485-0225
(this is not a toll-free number); Merlene Hawkins, Ginnie Mae, 451 7th
Street SW., Room B-133, Washington, DC 20410; email--
Merlene.Hawkins@hud.gov; telephone--(202) 475-4916; fax--(202) 485-0225
[[Page 66737]]
(this is not a toll-free number); or the Ginnie Mae Web site at
www.ginniemae.gov for other available information.
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
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''). Under the Ginnie Mae I program, securities are
backed by single-family or multifamily loans. Under the Ginnie Mae II
program securities are only backed by single-family loans. Both the
Ginnie Mae I and II MBS are modified pass-through securities. The
Ginnie Mae II multiple Issuer MBS is structured so that small issuers,
who do not meet the minimum number of loans and dollar amount
requirements of the Ginnie Mae I MBS, can participate in the secondary
mortgage market. In addition, the Ginnie Mae II MBS permits the
securitization of adjustable rate mortgages (``ARMs'').
Description of Proposed New Requirements:
Due to the acceleration of non-depository issuers entering in the
Ginnie Mae program, regulatory changes and changes to the insuring/
guarantying agencies programs, Ginnie Mae is expanding its data
collection and disclosure processes.
ARM Pools:
In order to verify that loans backing Ginnie Mae ARM pools meet the
new 45 day look back period, Ginnie Mae will be collecting two new data
elements. One new data element will be completed on the HUD Form 11705
at issuance. This will be a look-back period data element which will be
a drop down selection of either 30 days or 45 days. The second new data
will be completed on the HUD Form 11706 for ARMS pools only at this
time. This will be the loan origination date (name will be changed to
Note Date at a later time).
MISMO:
Ginnie Mae is implementing a new pool delivery data set using MISMO
standard data definitions with respect to Single Family Issuances. This
will include the addition of 16 new data points, of which three will be
required, three will be conditionally required and the remaining eleven
will be optional. The data points are as follows:
Required New Data Points:
Construction Method Typ.. MH), Amortization Type & Note Date (name
changed from loan origination date and will be for all pools).
Conditionally Required New Data Points:
Down Payment Amount, Loan Modification Effective Date & Suffix Name
Optional New Data Points:
Construction Method Type (other than MH), Property Valuation
Amount, Property Valuation Effective Date, Purchase Price Amount,
Guaranty Amount (if VA), Guaranty Percent (if VA), Middle Name, Full
Name, Curtailment Data Points (Monetary Event Applied Date, Monetary
Event Gross Principal Amount & Monetary Event Type).
Loan Level:
Ginnie Mae is proposing the collection of additional data elements
at the loan level to supplement the monthly reporting collection of
data. The additional data elements are being added to provide Ginnie
Mae greater oversight of its program participants and will be collected
as part of the monthly reporting submission. The proposed additional
new data elements are as follows:
Bankruptcy Action Type, Bankruptcy Case Identifier, Bankruptcy
Chapter Type, Bar Date, Bar Date, Borrower Bankruptcy Indicator,
Borrower Classification Type, Borrower Total Mortgaged Properties
Count, Counseling Initiated Indicator, Credit Score Date, Document
Custodian ID, Insurance Claim Coverage Type, Investor UPB, Adjustment
to Investor UPB, Prospective Note Rate, Prospective P&I (FIC),
Effective Date of Rate Change, Lien Holder Type, Net Note Rate,
Servicer Transfer Effective Date, Servicer Type, Loan P&I Institution
ID and Account Number, Loan Ti(Institution ID and Account Number, Sub-
Servicer ID, Sub & Servicer Rights Type and Total Subordinate Financing
Amount.
New Issuer Applications:
Ginnie has automated its new issuer the application process used to
approval. The new automated process requires applicants to complete two
online courses through Ginnie Mae Online University.
HMBS:
Ginnie Mae will be expanding its data collection at issuance in
order to enhance data disclosures.
The addition of the new data elements are the reason for the
increase of burden hours. Please see the below link for more
information regarding the additional data elements. https://www.ginniemae.gov/products programs/Pages/Federal Register Notice.aspx
There are 15 forms and appendices in our collection which are
volume driven rather than participant driven: These have increased as
our portfolio has grown.
Included in the Guide are the appendices, forms, and documents
necessary for Ginnie Mae to properly administer its MBS programs.
Agency form numbers: 11700, 11701, 11702, 11704, 11705, 11706,
11707, 11708, 11709, 11709-A, 11710A, 1710-B, 1710-C, 11710D, 11710E,
11711-A, 11711-B, 11714, 11714-SN, 11720, 11715, 11732, 11785.
While most of the calculations are based on number of respondents
multiplied by the frequency of response, there are several items whose
calculations are based on volume.
[[Page 66738]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Frequency
Appendix Number of of Total Hours per Total
Form No. Title respondents responses annual response annual
per year responses hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
11700..................................... 11-1 Letter of Transmittal......... 329 4 1200 0.033 43.4
11701..................................... 1-1 Application for Approval 100 1 100 .3 300.0
Ginnie Mae Mortgage-Backed
Securities Issuer.
11702..................................... 1-2 Resolution of Board of 454 1 454 0.08 36.3
Directors and Certificate of
Authorized Signatures.
11703-.................................... 1-7 Master Agreement for 14 1 14 0.08 1.1
Participation Accounting.
11704..................................... 11-2 Commitment to Guaranty 329 4 1316 0.033 43.4
Mortgage-Backed Securities.
11707..................................... 111-1 Master Servicing Agreement.... 468 1 468 0.033 15.4
11709..................................... 111-2 Master Agreement for 468 1 468 0.033 15.4
Servicer's Principal and
Interest Custodial Account.
11715..................................... 111-4 Master Custodial Agreement.... 468 1 468 0.033 15.4
11720..................................... 111-3 Master Agreement for 468 1 468 0.033 15.4
Servicer's Escrow Custodial
Account.
11732..................................... 111-22 Custodian's Certification for 55 1 55 0.016 0.9
Construction Securities.
IX-1 Financial Statements and Audit 468 1 468 1 468 0
Reports.
........... Mortgage Bankers Financial 315 4 1260 0.5 630.0
Reporting Form.
11709-A................................... 1-6 ACH Debit Authorization....... 468 1 468 0.033 15.4
11710 D................................... VI-5 Issuer's Monthly Summary 315 12 3780 0.13 491.4
Reports.
11710A, 1710B, 1710C & 11710E............. VI-12 Issuer's Monthly Accounting 315 1 315 0.13 41.0
Report and Liquidation
Schedule.
11710-DH.................................. VI-21 HMBS Issuer's Monthly Summary 14 12 168 0.13 21.8
Report.
111-13 Electronic Data Interchange 100 1 100 1 100.0
System Agreement.
111-14 Enrollment Administrator 100 1 100 1 100.0
Signatories for Issuers and
Document Custodians.
1-4 Cross Default Agreement....... 10 1 10 0.05 0.5
VI-18 WHFIT Reporting............... 329 4 1316 0.13 171.0
111-29 Enterprise Portal (GMEP)...... 100 1 100 1 100.0
Registration Forms............
VIII-1 Ginnie Mae Acknowledgement 10 1 10 1 10
Agreement and Accompanying
Documents Pledge of Servicing.
VI-19 Monthly Pool and Loan Level 300 12 3600 0.13 468.0
Report (RFS).
--------------------------------------------------------------------------------------------------------------------------------------------------------
The burden for the Items listed below is based on volume and/or number of requests.
--------------------------------------------------------------------------------------------------------------------------------------------------------
11705..................................... 111-6 Schedule of Subscribers and 315 12 42000 0.05 2100.0
Ginnie Mae Guaranty Agreement.
11706..................................... 111-7 Schedule of Pooled Mortgages.. 315 12 42000 0 08 97440.0
11705H.................................... 111-28 Schedule of Subscribers and 14 12 960 0.05 48
Ginnie Mae Guaranty
Agreement--HMBS Pooling-
Import File Layout.
11708..................................... V-5 Document Release.............. 329 1 329 0.05 16.5
XI-6, XI-8, Soldiers' and Sailors' 32 4 8000 0.033 1056.0
XI-9 Quarterly Reimbursement
Request and SSCRA Loan
Eligibility Information.
11711A and 11711B......................... 111-5 Release of Security Interest 329 1 678000 0.05 33900.0
and Certification and
Agreement.
11714 and 11714SN......................... VI-10, VI- Issuer's Monthly Remittance 329 12 56400 0.016 10828.8
11 Advice and Issuer's Monthly
Serial Note Remittance Advice.
VI-2 Letter for Loan Repurchase.... 315 12 600 0.033 237.6
V11-1 Collection of Remaining 315 12 4800000 0.033 158400.0
Principal Balances.
111-21 Certification Requirements for 298 1 29811 0.05 14.9
the Pooling of Multifamily
Mature Loan Program.
VI-9 Request for Reimbursement of 21 1 21 0.25 5.3
Mortgage Insurance Claim
Costs for Multifamily.
VIII-3 Assignment Agreements......... 67 1 67 0.13 8.7
111-9 Authorization to Accept 329 12 128 0.016 2.0
Facsimile Signed Correction
Request Forms.
VI-17 HMBS Issuer Specification for (\1\) 14 12 38,400 0.13 4992.0
MBSAA.
----------------------------------------------------------------
Total................................. ........... .............................. ........... (\2\) 10,481,385 (\2\) 2,617,654
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Pooling & Report.
\2\ Varies.
[[Page 66739]]
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: October 23, 2014.
Mary K. Kinney,
Executive Vice President, Government National Mortgage Association.
[FR Doc. 2014-26647 Filed 11-7-14; 8:45 am]
BILLING CODE 4210-67-P
