Proposed Collection; Comment Request, 39290-39292 [2013-15647]

Download as PDF 39290 Federal Register / Vol. 78, No. 126 / Monday, July 1, 2013 / Notices All comments will become a matter of public record. Dated at Washington, DC, this 26th day of June 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–15673 Filed 6–28–13; 8:45 am] BILLING CODE 6714–01–P Proposed Agency Information Collection Activities: Submission for OMB Review; Comment Request Re Appraisal Standards Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity, as required by the Paperwork Reduction Act of 1995 (4 U.S.S. chapter 35), to comment on renewal of an existing information collection as required by the PRA. On April 23, 2013 (78 FR 23933), the FDIC solicited pubic comment for a 60-day period on renewal without change of its information collection entitled, ‘‘Appraisal Standards’’ (OMB No. 3064–0103). No comments were received. Therefore, the FDIC hereby gives notice of submission of its request for renewal to OMB for review. DATES: Comments must be submitted on or before July 31, 2013. ADDRESSES: Interested parties are invited to submit written comments. All comments should refer to the name of the collection. Comments may be submitted by any of the following methods: • http://www.FDIC.gov/regulations/ laws/federal/notices.html. • Email: comments@fdic.gov. • Mail: Leneta G. Gregorie (202.898.3719), Counsel, Federal Deposit Insurance Corporation, 550 17th Street NW., Room NY–5050, Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. A copy of the comments may also be submitted to the FDIC Desk Officer, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503. mstockstill on DSK4VPTVN1PROD with NOTICES VerDate Mar<15>2010 21:38 Jun 28, 2013 Jkt 229001 The FDIC is requesting OMB approval to renew the following information collection: Title: Appraisal Standards. OMB Number: 3064–0103. Number of respondents: 4460. Frequency of response: 58.96. Number of responses: 263,000. Burden per respondent: 45 minutes. Total annual burden: 197,250 hours. General Description of Collection: This collection is provided for in 12 CFR Part 323 of FDIC’s regulations. Part 323 implements a portion of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (‘‘FIRREA’’). Title XI of FIRREA is designed to provide protection for federal financial and public policy interests by requiring real estate appraisals used in connection with federally related transactions to be performed in writing, in accordance with uniform standards, by an appraiser whose competency has been demonstrated and whose professional conduct will be subject to effective supervision. SUPPLEMENTARY INFORMATION: FEDERAL DEPOSIT INSURANCE CORPORATION SUMMARY: For further information about this information collection, please contact Leneta G. Gregorie, by telephone at (202) 898–3719 or by mail at the address identified above. In addition, copies of the forms contained in the collection can be obtained at the FDIC’s Web site: http://www.fdic.gov/regulations/laws/ federal/notices.html. FOR FURTHER INFORMATION CONTACT: Request for Comment Comments are invited on: (a) Whether these collections of information are necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimate of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 26th day of June, 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–15672 Filed 6–28–13; 8:45 am] BILLING CODE 6714–01–P PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 FEDERAL HOUSING FINANCE AGENCY [No. 2013–N–08] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 30-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 the information collection 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 information collection to OMB for review and approval of a three-year control number. DATES: Interested persons may submit comments on or before July 31, 2013. Comments: Submit written comments to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attention: Desk Officer for the Federal Housing Finance Agency, Washington, DC 20503, Fax: (202) 395–6974, Email address: OIRA_Submission@omb.eop.gov. Please also submit them to FHFA using any of the following methods: • Email: RegComments@fhfa.gov. Please include Proposed Collection; Comment Request: Affordable Housing Program (AHP) (No. 2013–N–08) in the subject line of the message. • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: Affordable Housing Program (AHP) (No. 2013–N–08). • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the 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. We will post all public comments we receive without change, including any personal information you provide, such as your name and address, on the FHFA Web site at http://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public on business SUMMARY: E:\FR\FM\01JYN1.SGM 01JYN1 Federal Register / Vol. 78, No. 126 / Monday, July 1, 2013 / Notices days between the hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, Eighth Floor, 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 telephone at (202) 649–3113; or Eric Raudenbush, Assistant General Counsel, by email at Eric.Raudenbush@fhfa.gov or telephone at (202) 649–3084, (these are not tollfree numbers), Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. The Telecommunications Device for the Deaf is (800) 877–8339. SUPPLEMENTARY INFORMATION: mstockstill on DSK4VPTVN1PROD 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 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 1 See 12 U.S.C. 4544(c). VerDate Mar<15>2010 21:38 Jun 28, 2013 Jkt 229001 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 database of credit information on individual consumers 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. 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 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 2 See 12 U.S.C. 4544(a), (b). 12 U.S.C. 4544(c)(3). 4 See 12 U.S.C. 2801–2811. 5 See 12 U.S.C. 4544(c)(2). 3 See PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 39291 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 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 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 × 0.5 hours). C. Comment Request FHFA published a request for public comments regarding this information collection in the Federal Register on April 25, 2013. See 78 FR 24420 (Apr. 25, 2013). The 60-day comment period closed on June 24, 2013. FHFA received no public comments. This notice requests written comments on: (1) E:\FR\FM\01JYN1.SGM 01JYN1 39292 Federal Register / Vol. 78, No. 126 / Monday, July 1, 2013 / Notices 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. Date: June 25, 2013. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2013–15647 Filed 6–28–13; 8:45 am] BILLING CODE 8070–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2013–N–09] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 60-day Notice of Submission of Information Collection for Approval From the 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 the information collection known as ‘‘Capital Requirements for the Federal Home Loan Banks,’’ which has been assigned control number 2590–0002 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a three-year extension of the control number, which is due to expire on September 30, 2013. DATES: Interested persons may submit comments on or before August 30, 2013. ADDRESSES: Submit comments to FHFA using any one of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the 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. • Email: Regcomments@fhfa.gov. Please include Proposed Collection; Comment Request: ‘‘Capital Requirements for the Federal Home Loan Banks, (No. 2013–N–09)’’ in the subject line of the message. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 21:38 Jun 28, 2013 Jkt 229001 • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: ‘‘Capital Requirements for the Federal Home Loan Banks, (No. 2013–N–09).’’ We will post all public comments we receive without change, including any personal information you provide, such as your name, address, email address, and telephone number, on the FHFA Web site at http://www.fhfa.gov. 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, Eighth Floor, 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: Jonathan F. Curtis, Financial Analyst, Division of Federal Home Loan Bank Regulation, at 202–649–3321 (not a toll free number), Jonathan.Curtis@fhfa.gov, or by regular mail at the Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Deaf is 800–877–8339. SUPPLEMENTARY INFORMATION: A. Need For and Use of the Information Collection Each of the twelve regional Federal Home Loan Banks (Banks) is structured as a member-owned cooperative. An institution that is eligible for membership in a particular Bank must purchase and hold a prescribed minimum amount of the Bank’s capital stock in order to become and remain a member of that Bank.1 With few exceptions, only an institution that is a member of a Bank may obtain access to secured loans, known as advances, or other products provided by that Bank. Section 6 of the Federal Home Loan Bank Act (Bank Act) establishes the capital structure for the Banks and requires FHFA to issue regulations prescribing uniform capital standards applicable to all of the Banks.2 These implementing regulations are set forth in 12 CFR parts 930, 931, 932, and 933: part 930 contains definitions applicable to the capital regulations; part 931 establishes the requirements for the Banks’ capital stock; part 932 establishes risk-based and total capital requirements for the Banks; and part 1 See 2 See PO 00000 12 U.S.C. 1426(c)(1); 12 CFR 931.3, 1263.20 12 U.S.C. 1426. Frm 00042 Fmt 4703 Sfmt 4703 933 sets forth the requirements for the Banks’ ‘‘capital structure plans’’ under which each Bank establishes its own capital structure within the parameters of the statute and FHFA’s implementing regulations. Both the Bank Act and FHFA’s regulations state that a Bank’s capital structure plan must require its members to maintain a minimum investment in the Bank’s capital stock, which is to be determined for each member in a manner prescribed by the board of directors of the Bank and reflected in the Bank’s capital structure plan.3 Although each Bank’s capital structure plan establishes a slightly different method for calculating the required minimum stock investment for its members, each Bank’s method is tied to some degree to both the level of assets held by the member institution (typically referred to as a ‘‘membership stock purchase requirement’’) and the amount of advances or other business engaged in between the member and the Bank (typically referred to as an ‘‘activity-based stock purchase requirement’’). The Banks use this information collection to determine the amount of capital stock a member must purchase to maintain membership in and to obtain services from the Bank under its capital structure plan, and to confirm that its members are complying with the Bank’s stock purchase requirements. Although the required information and the precise method through which it is collected differ from Bank to Bank, there are for each Bank typically two components to the information collection. First, in order to calculate and monitor compliance with its membership stock purchase requirement, a Bank typically requires each member to provide and/or confirm a quarterly report on the amount and types of assets held by that institution. Second, at the time it engages in a business transaction with a member, each Bank typically confirms with the member the amount of additional Bank capital stock, if any, the member must acquire in order to satisfy the Bank’s activity-based stock purchase requirement and the method through which the member will acquire that stock. The OMB number for the information collection is 2590–0002, which is due to expire on September 30, 2013. The likely respondents include Bank members. 3 See E:\FR\FM\01JYN1.SGM 12 U.S.C. 1426(c)(1); 12 CFR 933.2(a). 01JYN1

Agencies

[Federal Register Volume 78, Number 126 (Monday, July 1, 2013)]
[Notices]
[Pages 39290-39292]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15647]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2013-N-08]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 30-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 the information collection 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 
information collection to OMB for review and approval of a three-year 
control number.

DATES: Interested persons may submit comments on or before July 31, 
2013.
    Comments: Submit written comments to the Office of Information and 
Regulatory Affairs of the Office of Management and Budget, Attention: 
Desk Officer for the Federal Housing Finance Agency, Washington, DC 
20503, Fax: (202) 395-6974, Email address: OIRA_Submission@omb.eop.gov. Please also submit them to FHFA using any of 
the following methods:
     Email: RegComments@fhfa.gov. Please include Proposed 
Collection; Comment Request: Affordable Housing Program (AHP) (No. 
2013-N-08) in the subject line of the message.
     Mail/Hand Delivery: Federal Housing Finance Agency, Eighth 
Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public 
Comments/Proposed Collection; Comment Request: Affordable Housing 
Program (AHP) (No. 2013-N-08).
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the 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.
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name and 
address, on the FHFA Web site at http://www.fhfa.gov. In addition, 
copies of all comments received will be available for examination by 
the public on business

[[Page 39291]]

days between the hours of 10 a.m. and 3 p.m., at the Federal Housing 
Finance Agency, Eighth Floor, 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 telephone at (202) 649-3113; or Eric 
Raudenbush, Assistant General Counsel, by email at 
Eric.Raudenbush@fhfa.gov or telephone at (202) 649-3084, (these are not 
toll-free numbers), Federal Housing Finance Agency, 400 Seventh Street 
SW., Washington, DC 20024. The Telecommunications Device for the Deaf 
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 database of credit 
information on individual consumers 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 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 
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 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 published a request for public comments regarding this 
information collection in the Federal Register on April 25, 2013. See 
78 FR 24420 (Apr. 25, 2013). The 60-day comment period closed on June 
24, 2013. FHFA received no public comments. This notice requests 
written comments on: (1)

[[Page 39292]]

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.

    Date: June 25, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2013-15647 Filed 6-28-13; 8:45 am]
BILLING CODE 8070-01-P