Proposed Collection; Comment Request, 24420-24422 [2013-09702]
Download as PDF
24420
Federal Register / Vol. 78, No. 80 / Thursday, April 25, 2013 / Notices
be provided to winning bidders in the
auction closing public notice.
tkelley on DSK3SPTVN1PROD with NOTICES
D. Ownership Disclosure Information
Report (FCC Form 602)
176. Within ten business days after
release of the auction closing public
notice, each winning bidder must also
comply with the ownership reporting
requirements in 47 CFR 1.913, 1.919,
and 1.2112 by submitting an ownership
disclosure information report for
wireless telecommunications services
(FCC Form 602) with its long-form
application.
177. If an applicant already has a
complete and accurate FCC Form 602 on
file in ULS, it is not necessary to file a
new report, but applicants must verify
that the information on file with the
Commission is complete and accurate. If
the applicant does not have an FCC
Form 602 on file, or if it is not complete
and accurate, the applicant must submit
one.
178. When an applicant submits a
short-form application, ULS
automatically creates an ownership
record. This record is not an FCC Form
602, but may be used to pre-fill the FCC
Form 602 with the ownership
information submitted on the
applicant’s short-form application.
Applicants must review the pre-filled
information and confirm that it is
complete and accurate as of the filing
date of the long-form application before
certifying and submitting the FCC Form
602. Further instructions will be
provided to winning bidders in the
auction closing public notice.
E. Tribal Lands Bidding Credit
179. A winning bidder that intends to
use its license(s) to deploy facilities and
provide services to federally recognized
tribal lands that are unserved by any
telecommunications carrier or that have
a wireline penetration rate equal to or
below 85 percent is eligible to receive a
tribal lands bidding credit as set forth in
47 CFR 1.2107 and 1.2110(f). A tribal
lands bidding credit is in addition to,
and separate from, any other bidding
credit for which a winning bidder may
qualify.
180. Unlike other bidding credits that
are requested prior to the auction, a
winning bidder applies for the tribal
lands bidding credit after the auction
when it files its long-form application
(FCC Form 601). When initially filing
the long-form application, the winning
bidder will be required to advise the
Commission whether it intends to seek
a tribal lands bidding credit, for each
license won in the auction, by checking
the designated box(es). After stating its
intent to seek a tribal lands bidding
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17:22 Apr 24, 2013
Jkt 229001
credit, the applicant will have 180 days
from the close of the long-form
application filing window to amend its
application to select the specific tribal
lands to be served and provide the
required tribal government
certifications. Licensees receiving a
tribal lands bidding credit are subject to
performance criteria as set forth in 47
CFR 1.2110(f)(3)(vii).
181. For additional information on the
tribal lands bidding credit, including
how the amount of the credit is
calculated, applicants should review the
Commission’s rulemaking proceeding
regarding tribal lands bidding credits
and related public notices. Relevant
documents can be viewed on the
Commission’s Web site by going to
https://wireless.fcc.gov/auctions/ and
clicking on the Tribal Lands Credits
link.
F. Default and Disqualification
182. Any winning bidder that defaults
or is disqualified after the close of the
auction (i.e., fails to remit the required
down payment within the prescribed
period of time, fails to submit a timely
long-form application, fails to make full
payment, or is otherwise disqualified)
will be subject to the payments
described in 47 CFR 1.2104(g)(2). This
payment consists of a deficiency
payment, equal to the difference
between the amount of the Auction 95
bidder’s winning bid and the amount of
the winning bid the next time a license
covering the same spectrum is won in
an auction, plus an additional payment
equal to a percentage of the defaulter’s
bid or of the subsequent winning bid,
whichever is less.
183. The percentage of the applicable
bid to be assessed as an additional
payment for defaults in a particular
auction is established in advance of the
auction. Accordingly, in the Auction 95
Comment Public Notice, the Bureau
proposed to set the additional default
payment for this auction at ten percent
of the applicable bid. The Bureau
received no comments on this proposal,
and it is therefore adopted.
184. Finally, in the event of a default,
the Commission has the discretion to reauction the license or offer it to the next
highest bidder (in descending order) at
its final bid amount. In addition, if a
default or disqualification involves
gross misconduct, misrepresentation, or
bad faith by an applicant, the
Commission may declare the applicant
and its principals ineligible to bid in
future auctions, and may take any other
action that it deems necessary,
including institution of proceedings to
revoke any existing authorizations held
by the applicant.
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Fmt 4703
Sfmt 4703
G. Refund of Remaining Upfront
Payment Balance
185. After the auction, applicants that
are not winning bidders or are winning
bidders whose upfront payment
exceeded the total net amount of their
winning bids may be entitled to a
refund of some or all of their upfront
payment. All refunds will be returned to
the payer of record, as identified on the
FCC Form 159, unless the payer submits
written authorization instructing
otherwise. Bidders should not request a
refund of their upfront payments before
the Commission releases a public notice
declaring the auction closed, identifying
the winning bidders, and establishing
the deadlines for submitting down
payments, long-form applications, and
final payments.
Federal Communications Commission.
Gary D. Michaels,
Deputy Chief, Auctions and Spectrum Access
Division, WTB.
[FR Doc. 2013–09802 Filed 4–24–13; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2013–N–07]
Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 60-day Notice of Submission of
Information Collection for Approval
From Office of Management and Budget.
AGENCY:
In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA) is
seeking public comments concerning a
proposed information collection to be
known as the ‘‘National Survey of
Mortgage Borrowers’’ (NSMB). This is a
new collection that has not yet been
assigned a control number by the Office
of Management and Budget (OMB).
FHFA intends to submit the proposed
information collection to OMB for
review and approval of a three-year
control number.
DATES: Interested persons may submit
comments on or before June 24, 2013.
ADDRESSES: Submit comments to FHFA
using any one of the following methods:
• Email: RegComments@fhfa.gov.
Please include Proposed Collection;
Comment Request: ‘‘National Survey of
Mortgage Borrowers, (No. 2013–N–07)’’
in the subject line of the message.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
SUMMARY:
E:\FR\FM\25APN1.SGM
25APN1
Federal Register / Vol. 78, No. 80 / Thursday, April 25, 2013 / Notices
instructions for submitting comments. If
you submit your comment to the
Federal eRulemaking Portal, please also
send it by email to FHFA at
RegComments@fhfa.gov to ensure
timely receipt by the agency.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Constitution
Center, Eighth Floor (OGC), 400 Seventh
Street SW., Washington, DC 20024,
ATTENTION: Public Comments/
Proposed Collection; Comment Request:
‘‘National Survey of Mortgage
Borrowers, (No. 2013–N–07)’’. The
package should be logged at the Seventh
Street entrance Guard Desk, First Floor,
on business days between 9 a.m. and 5
p.m.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name, phone number, and
address (email or home), on the FHFA
Web site at https://www.fhfa.gov/
Default.aspx?Page=89. In addition,
copies of all comments received will be
available for examination by the public
on business days between the hours of
10 a.m. and 3 p.m., at the Federal
Housing Finance Agency, Constitution
Center, Eighth Floor (OGC), 400 Seventh
Street SW., Washington, DC 20024. To
make an appointment to inspect
comments, please call the Office of
General Counsel at (202) 649–3804.
FOR FURTHER INFORMATION CONTACT:
Theresa DiVenti, Senior Economist,
Office of Systemic Risk and Market
Surveillance, by email at
Theresa.DiVenti@fhfa.gov or by
telephone at (202) 649–3113; or Eric
Raudenbush, Assistant General Counsel,
by email at Eric.Raudenbush@fhfa.gov
or by telephone at (202) 649–3084,
(these are not toll-free numbers), Federal
Housing Finance Agency, Constitution
Center, Eighth Floor (OGC), 400 Seventh
Street SW., Washington, DC 20024. The
Telecommunications Device for the
Hearing Impaired is (800) 877–8339.
SUPPLEMENTARY INFORMATION:
tkelley on DSK3SPTVN1PROD with NOTICES
A. Need for and Use of the Information
Collection
The NSMB will be a quarterly survey
of individuals who have recently
obtained a loan secured by a first
mortgage on single-family residential
property. The survey questionnaire will
be sent to approximately 7,000 new
mortgage borrowers each calendar
quarter and will consist of
approximately 80–85 multiple choice
and short answer questions designed to
obtain information about individual
residential mortgages and borrowers
that is not available elsewhere. The
NSMB is one component of a larger
VerDate Mar<15>2010
17:22 Apr 24, 2013
Jkt 229001
project, known as the ‘‘National
Mortgage Database,’’ which is a joint
effort of FHFA and the Consumer
Financial Protection Bureau (CFPB).
Section 1324 of the Housing and
Economic Recovery of 2008 (HERA)
requires that FHFA conduct a monthly
survey to collect data on the
characteristics of individual prime and
subprime mortgages, and on the
borrowers and properties associated
with those mortgages. Specifically,
FHFA is required to collect data on: the
sales price of the mortgaged property;
the loan-to-value ratio of the mortgage;
the terms of the mortgage; the
creditworthiness of the borrowers;
whether borrowers on subprime
mortgages would have qualified for
prime lending; and whether the
mortgage was purchased by Fannie Mae
or Freddie Mac.1 The stated purposes of
the monthly mortgage survey required
under HERA are to enable FHFA to
prepare a detailed annual report on the
mortgage market activities of Fannie
Mae and Freddie Mac relative to the rest
of the market for the Committee on
Banking, Housing, and Urban Affairs of
the Senate and the Committee on
Financial Services of the House of
Representatives,2 and to compile a
database of timely and otherwise
unavailable residential mortgage market
information to be made available to the
public.3 In order to fulfill those
statutory mandates, as well as to
support policymaking and research
efforts, FHFA, along with CFPB, is
committed to fund, build, and manage
the National Mortgage Database. The
key purpose of the National Mortgage
Database is to make accessible accurate,
comprehensive information for
monitoring the residential mortgage
market by Congress, regulators, and
other interested parties.
FHFA draws the core data for the
National Mortgage Database from a
random 1-in-20 sample of mortgages in
the common database of credit
information on individual consumers
that is maintained by one of the three
national credit repositories. These core
data may be supplemented, for example,
with additional information from
sources such as the Home Mortgage
Disclosure Act database that is
maintained by the Federal Financial
Institutions Examination Council,4
property valuation models, and data
files maintained by Fannie Mae and
Freddie Mac. The purpose of the NSMB
is to complete the National Mortgage
1 See
12 U.S.C. 4544(c).
12 U.S.C. 4544(a), (b).
3 See 12 U.S.C. 4544(c)(3).
4 See 12 U.S.C. 2801–2811.
2 See
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Fmt 4703
Sfmt 4703
24421
Database by obtaining critical
information that is not available from
existing sources.
Under section 1324 of HERA, FHFA
must collect information on the
characteristics of individual subprime
and nontraditional mortgages, as well as
on the characteristics of borrowers on
such mortgages, including information
on the creditworthiness of those
borrowers and information sufficient to
determine whether those borrowers
would have qualified for prime
lending.5 The NSMB questionnaire is
designed, in part, to elicit this
information directly from borrowers,
who are likely to be the most reliable
and accessible—and, in some cases, the
only—source for this information. In
addition, the questionnaire is designed
to elicit more complete information on
mortgage terms, mortgaged properties,
and borrowers’ household
demographics than can be obtained
from the existing sources. The
information obtained from the NSMB, in
combination with that obtained from the
existing sources, will make the National
Mortgage Database a high quality and
uniquely comprehensive and timely
resource for information on
developments in the residential
mortgage market. The NSMB will be
especially critical in ensuring that the
National Mortgage Database contains
complete and timely information on the
range of nontraditional and subprime
mortgage products being offered, the
methods by which these mortgages are
being marketed, and the characteristics,
and particularly creditworthiness, of
borrowers for these types of loans.
The information in the National
Mortgage Database, including that
obtained through the NSMB, will be
used for three primary purposes: (1) To
prepare the report to Congress on the
mortgage market activities of Fannie
Mae and Freddie Mac that FHFA is
required to submit under section 1324
of HERA; (2) for research and analysis
by FHFA and other federal agencies that
have regulatory and supervisory
responsibilities/mandates related to
mortgage markets; and (3) to provide a
resource for research and analysis by
academics and other interested parties
outside of the government. Generally,
the National Mortgage Database will
allow Congress, regulators, and other
interested parties to track emerging
trends in the mortgage origination
process throughout the United States
and will allow them to determine more
quickly and accurately when the
mortgage origination process is
changing in a way that may adversely
5 See
E:\FR\FM\25APN1.SGM
12 U.S.C. 4544(c)(2).
25APN1
24422
Federal Register / Vol. 78, No. 80 / Thursday, April 25, 2013 / Notices
affect financial markets, borrowers, and
consumers. FHFA intends that the
availability of this information, as well
as the research and analyses derived
from it, will provide sufficient warning
to allow it and other regulators to take
steps to avoid, or at least to mitigate,
major mortgage market crises in the
future.
Room 800; Washington, DC 20201. The
meeting location has changed.
FOR FURTHER INFORMATION CONTACT: Ms.
Shellie Pfohl, Executive Director,
President’s Council on Fitness, Sports,
and Nutrition. Phone: (240) 276–9866 or
(240) 276–9567.
B. Burden Estimate
FHFA estimates the total annual
average number of survey recipients at
28,000 (7,000 × 4 calendar quarters),
with one response per recipient. The
estimate for the average amount of time
to complete each survey is 30 minutes.
The estimate for the total annual hour
burden for respondents is 14,000 hours
(28,000 respondents × 0.5 hours).
In the Federal Register of April 11,
2013, FR Doc. 2013–08494 on page
21606, in the second column, correct
the ADDRESSES caption to read:
ADDRESSES: Department of Health and
Human Services, 200 Independence
Ave. SW., Great Hall, Washington, DC
20201.
C. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) The accuracy of
FHFA’s estimates of the burdens of the
collection of information; (3) Ways to
enhance the quality, utility, and clarity
of the information collected; and (4)
Ways to minimize the burden of the
collection of information on survey
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: April 19, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2013–09702 Filed 4–24–13; 8:45 am]
BILLING CODE 8070–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Meeting of the President’s Council on
Fitness, Sports, and Nutrition;
Correction
Correction
Dated: April 18, 2013.
Shellie Y. Pfohl,
Executive Director, President’s Council on
Fitness, Sports, and Nutrition.
[FR Doc. 2013–09815 Filed 4–24–13; 8:45 am]
BILLING CODE 4150–35–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
[30Day–13–0853]
Agency Forms Undergoing Paperwork
Reduction Act Review
The Centers for Disease Control and
Prevention (CDC) publishes a list of
information collection requests under
review by the Office of Management and
Budget (OMB) in compliance with the
Paperwork Reduction Act (44 U.S.C.
Chapter 35). To request a copy of these
requests, call (404) 639–7570 or send an
email to omb@cdc.gov. Send written
comments to CDC Desk Officer, Office of
Management and Budget, Washington,
DC 20503 or by fax to (202) 395–5806.
Written comments should be received
within 30 days of this notice.
Proposed Project
Office of the President’s
Council on Fitness, Sports, and
Nutrition, Office of the Assistant
Secretary for Health, Office of the
Secretary, Department of Health and
Human Services.
ACTION: Notice; correction.
Asthma Information Reporting System
(AIRS) (0920–0853, Expiration 06/30/
2013)—Extension—Air Pollution and
Respiratory Health Branch (APRHB),
National Center for Environmental
Health (NCEH), Centers for Disease
Control and Prevention (CDC).
The Department of Health and
Human Services published a notice in
the Federal Register of April 11, 2013
to announce a meeting of the President’s
Council on Fitness, Sports, and
Nutrition that will be held on May 7,
2013, from 10:00 a.m. to 4:30 p.m., at
the Department of Health and Human
Services, 200 Independence Ave. SW.,
Background and Brief Description
AGENCY:
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:22 Apr 24, 2013
Jkt 229001
Under the authority of the Public
Health Service Act, CDC is seeking a
three-year extension of OMB approval
for the Asthma Information Reporting
System (AIRS) information collection.
In 1999, the CDC initiated its National
Asthma Control Program, a populationbased public health approach to address
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
the burden of asthma. The program
supports the goals and objectives of
‘‘Healthy People 2020’’ for asthma and
is based on the public health principles
of surveillance, partnerships, and
interventions. Through AIRS, the
information collection request has and
will continue to provide NCEH with
routine information about the activities
and performance of the state and
territorial grantees funded under the
National Asthma Control Program
https://www.cdc.gov/asthma/nacp.htm.
The primary purpose of the National
Asthma Control Program is to develop
program capacity to address asthma
from a public health perspective to
bring about: (1) A focus on asthmarelated activity within states; (2) an
increased understanding of asthmarelated data and its application to
program planning and evaluation
through the development and
maintenance of an ongoing asthma
surveillance system; (3) an increased
recognition, within the public health
structure of states, of the potential to use
a public health approach to reduce the
burden of asthma; (4) linkages of state
health agencies to other agencies and
organizations addressing asthma in the
population; and (5) implementation of
interventions to achieve positive health
impacts, such as reducing the number of
deaths, hospitalizations, emergency
department visits, school or work days
missed, and limitations on activity due
to asthma.
Prior to the implementation of AIRS,
data were collected on a semi-annual
basis from state asthma control
programs as part of regular reporting of
cooperative agreement activities. States
reported information such as progressto-date on accomplishing intended
objectives, programmatic changes,
changes to staffing or management, and
budgetary information.
As implemented since 2010, the AIRS
management information system is
comprised of multiple components that
enable the electronic reporting of three
types of data/information from state
asthma control programs: (1)
Information that is currently collected
as part of regular programmatic
reporting, (2) Aggregate level reports of
surveillance data on long-term program
outcomes, and (3) Specific data
indicative of progress made on
partnerships, surveillance,
interventions, and evaluation.
Regular reporting of this information
remains a requirement of the current
cooperative agreement mechanism
utilized to fund state asthma control
programs. States are asked to submit
interim and year-end progress report
information into AIRS, thus this type of
E:\FR\FM\25APN1.SGM
25APN1
Agencies
[Federal Register Volume 78, Number 80 (Thursday, April 25, 2013)]
[Notices]
[Pages 24420-24422]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09702]
=======================================================================
-----------------------------------------------------------------------
FEDERAL HOUSING FINANCE AGENCY
[No. 2013-N-07]
Proposed Collection; Comment Request
AGENCY: Federal Housing Finance Agency.
ACTION: 60-day Notice of Submission of Information Collection for
Approval From Office of Management and Budget.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking
public comments concerning a proposed information collection to be
known as the ``National Survey of Mortgage Borrowers'' (NSMB). This is
a new collection that has not yet been assigned a control number by the
Office of Management and Budget (OMB). FHFA intends to submit the
proposed information collection to OMB for review and approval of a
three-year control number.
DATES: Interested persons may submit comments on or before June 24,
2013.
ADDRESSES: Submit comments to FHFA using any one of the following
methods:
Email: RegComments@fhfa.gov. Please include Proposed
Collection; Comment Request: ``National Survey of Mortgage Borrowers,
(No. 2013-N-07)'' in the subject line of the message.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the
[[Page 24421]]
instructions for submitting comments. If you submit your comment to the
Federal eRulemaking Portal, please also send it by email to FHFA at
RegComments@fhfa.gov to ensure timely receipt by the agency.
Mail/Hand Delivery: Federal Housing Finance Agency,
Constitution Center, Eighth Floor (OGC), 400 Seventh Street SW.,
Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection;
Comment Request: ``National Survey of Mortgage Borrowers, (No. 2013-N-
07)''. The package should be logged at the Seventh Street entrance
Guard Desk, First Floor, on business days between 9 a.m. and 5 p.m.
We will post all public comments we receive without change,
including any personal information you provide, such as your name,
phone number, and address (email or home), on the FHFA Web site at
https://www.fhfa.gov/Default.aspx?Page=89. In addition, copies of all
comments received will be available for examination by the public on
business days between the hours of 10 a.m. and 3 p.m., at the Federal
Housing Finance Agency, Constitution Center, Eighth Floor (OGC), 400
Seventh Street SW., Washington, DC 20024. To make an appointment to
inspect comments, please call the Office of General Counsel at (202)
649-3804.
FOR FURTHER INFORMATION CONTACT: Theresa DiVenti, Senior Economist,
Office of Systemic Risk and Market Surveillance, by email at
Theresa.DiVenti@fhfa.gov or by telephone at (202) 649-3113; or Eric
Raudenbush, Assistant General Counsel, by email at
Eric.Raudenbush@fhfa.gov or by telephone at (202) 649-3084, (these are
not toll-free numbers), Federal Housing Finance Agency, Constitution
Center, Eighth Floor (OGC), 400 Seventh Street SW., Washington, DC
20024. The Telecommunications Device for the Hearing Impaired is (800)
877-8339.
SUPPLEMENTARY INFORMATION:
A. Need for and Use of the Information Collection
The NSMB will be a quarterly survey of individuals who have
recently obtained a loan secured by a first mortgage on single-family
residential property. The survey questionnaire will be sent to
approximately 7,000 new mortgage borrowers each calendar quarter and
will consist of approximately 80-85 multiple choice and short answer
questions designed to obtain information about individual residential
mortgages and borrowers that is not available elsewhere. The NSMB is
one component of a larger project, known as the ``National Mortgage
Database,'' which is a joint effort of FHFA and the Consumer Financial
Protection Bureau (CFPB).
Section 1324 of the Housing and Economic Recovery of 2008 (HERA)
requires that FHFA conduct a monthly survey to collect data on the
characteristics of individual prime and subprime mortgages, and on the
borrowers and properties associated with those mortgages. Specifically,
FHFA is required to collect data on: the sales price of the mortgaged
property; the loan-to-value ratio of the mortgage; the terms of the
mortgage; the creditworthiness of the borrowers; whether borrowers on
subprime mortgages would have qualified for prime lending; and whether
the mortgage was purchased by Fannie Mae or Freddie Mac.\1\ The stated
purposes of the monthly mortgage survey required under HERA are to
enable FHFA to prepare a detailed annual report on the mortgage market
activities of Fannie Mae and Freddie Mac relative to the rest of the
market for the Committee on Banking, Housing, and Urban Affairs of the
Senate and the Committee on Financial Services of the House of
Representatives,\2\ and to compile a database of timely and otherwise
unavailable residential mortgage market information to be made
available to the public.\3\ In order to fulfill those statutory
mandates, as well as to support policymaking and research efforts,
FHFA, along with CFPB, is committed to fund, build, and manage the
National Mortgage Database. The key purpose of the National Mortgage
Database is to make accessible accurate, comprehensive information for
monitoring the residential mortgage market by Congress, regulators, and
other interested parties.
---------------------------------------------------------------------------
\1\ See 12 U.S.C. 4544(c).
\2\ See 12 U.S.C. 4544(a), (b).
\3\ See 12 U.S.C. 4544(c)(3).
---------------------------------------------------------------------------
FHFA draws the core data for the National Mortgage Database from a
random 1-in-20 sample of mortgages in the common database of credit
information on individual consumers that is maintained by one of the
three national credit repositories. These core data may be
supplemented, for example, with additional information from sources
such as the Home Mortgage Disclosure Act database that is maintained by
the Federal Financial Institutions Examination Council,\4\ property
valuation models, and data files maintained by Fannie Mae and Freddie
Mac. The purpose of the NSMB is to complete the National Mortgage
Database by obtaining critical information that is not available from
existing sources.
---------------------------------------------------------------------------
\4\ See 12 U.S.C. 2801-2811.
---------------------------------------------------------------------------
Under section 1324 of HERA, FHFA must collect information on the
characteristics of individual subprime and nontraditional mortgages, as
well as on the characteristics of borrowers on such mortgages,
including information on the creditworthiness of those borrowers and
information sufficient to determine whether those borrowers would have
qualified for prime lending.\5\ The NSMB questionnaire is designed, in
part, to elicit this information directly from borrowers, who are
likely to be the most reliable and accessible--and, in some cases, the
only--source for this information. In addition, the questionnaire is
designed to elicit more complete information on mortgage terms,
mortgaged properties, and borrowers' household demographics than can be
obtained from the existing sources. The information obtained from the
NSMB, in combination with that obtained from the existing sources, will
make the National Mortgage Database a high quality and uniquely
comprehensive and timely resource for information on developments in
the residential mortgage market. The NSMB will be especially critical
in ensuring that the National Mortgage Database contains complete and
timely information on the range of nontraditional and subprime mortgage
products being offered, the methods by which these mortgages are being
marketed, and the characteristics, and particularly creditworthiness,
of borrowers for these types of loans.
---------------------------------------------------------------------------
\5\ See 12 U.S.C. 4544(c)(2).
---------------------------------------------------------------------------
The information in the National Mortgage Database, including that
obtained through the NSMB, will be used for three primary purposes: (1)
To prepare the report to Congress on the mortgage market activities of
Fannie Mae and Freddie Mac that FHFA is required to submit under
section 1324 of HERA; (2) for research and analysis by FHFA and other
federal agencies that have regulatory and supervisory responsibilities/
mandates related to mortgage markets; and (3) to provide a resource for
research and analysis by academics and other interested parties outside
of the government. Generally, the National Mortgage Database will allow
Congress, regulators, and other interested parties to track emerging
trends in the mortgage origination process throughout the United States
and will allow them to determine more quickly and accurately when the
mortgage origination process is changing in a way that may adversely
[[Page 24422]]
affect financial markets, borrowers, and consumers. FHFA intends that
the availability of this information, as well as the research and
analyses derived from it, will provide sufficient warning to allow it
and other regulators to take steps to avoid, or at least to mitigate,
major mortgage market crises in the future.
B. Burden Estimate
FHFA estimates the total annual average number of survey recipients
at 28,000 (7,000 x 4 calendar quarters), with one response per
recipient. The estimate for the average amount of time to complete each
survey is 30 minutes. The estimate for the total annual hour burden for
respondents is 14,000 hours (28,000 respondents x 0.5 hours).
C. Comment Request
FHFA requests written comments on the following: (1) Whether the
collection of information is necessary for the proper performance of
FHFA functions, including whether the information has practical
utility; (2) The accuracy of FHFA's estimates of the burdens of the
collection of information; (3) Ways to enhance the quality, utility,
and clarity of the information collected; and (4) Ways to minimize the
burden of the collection of information on survey respondents,
including through the use of automated collection techniques or other
forms of information technology.
Dated: April 19, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2013-09702 Filed 4-24-13; 8:45 am]
BILLING CODE 8070-01-P