Sunshine Act Meeting, 24726 [2014-10123]
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24726
Federal Register / Vol. 79, No. 84 / Thursday, May 1, 2014 / Notices
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014–09934 Filed 4–30–14; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Federal Election Commission
& TIME: Tuesday May 6, 2014 at 10
AGENCY:
DATE
a.m.
PLACE:
999 E Street NW., Washington,
DC.
This meeting will be closed to
the public.
ITEMS TO BE DISCUSSED:
Compliance matters pursuant to 2
U.S.C. 437g.
Matters concerning participation in civil
actions or proceedings or arbitration.
Internal personnel rules and internal
rules and practices.
Information the premature disclosure of
which would be likely to have a
considerable adverse effect on the
implementation of a proposed
Commission action.
*
*
*
*
*
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
STATUS:
Shelley E. Garr,
Deputy Secretary of the Commission.
[FR Doc. 2014–10123 Filed 4–29–14; 4:15 pm]
BILLING CODE 6715–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2014–N–06]
Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-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 existing information collection
‘‘Monthly Survey of Rates and Terms on
Conventional 1-Family Nonfarm
Mortgage Loans,’’ which has been
assigned control number 2590–0004 by
the Office of Management and Budget
(OMB). FHFA intends to submit the
information collection to OMB for
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SUMMARY:
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review and approval of a three-year
extension of the control number, which
expired on March 31, 2014.
DATES: Interested persons may submit
comments on or before June 30, 2014.
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:
• Federal eRulemaking Portal: https://
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: ‘‘Monthly Survey of
Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No.
2014–N–06)’’ 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: ‘‘Monthly Survey of
Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No.
2014–N–06).’’
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 https://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:
David L. Roderer, Senior Financial
Analyst, 202–408–2540 (not a toll-free
number), david.l.roderer@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:
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A. Need for and Use of the Information
Collection
FHFA’s Monthly Survey of Rates and
Terms on Conventional 1-Family NonFarm Mortgage Loans, commonly
referred to as the ‘‘Monthly Interest Rate
Survey’’ or ‘‘MIRS,’’ is a monthly survey
of mortgage lenders that solicits
information on the terms and conditions
on all conventional, single-family, fully
amortized, purchase-money mortgage
loans closed during the last five working
days of the preceding month. The MIRS
collects monthly information on interest
rates, loan terms, and house prices by
property type (i.e., new or previously
occupied), by loan type (i.e., fixed- or
adjustable-rate), and by lender type (i.e.,
mortgage companies, savings
associations, commercial banks, and
savings banks), as well as information
on 15-year and 30-year fixed-rate loans.
In addition, the survey collects quarterly
information on conventional loans by
major metropolitan area and by Federal
Home Loan Bank district. The MIRS
does not collect information on loans
insured by the Federal Housing
Administration (FHA) or guaranteed by
the Veterans Administration (VA), loans
secured by multifamily property or
manufactured housing, or loans created
by refinancing another mortgage. The
MIRS is the most comprehensive source
of information on conventional
mortgage rates and terms in the United
States.
The MIRS originated with one of
FHFA’s predecessor agencies, the
former Federal Home Loan Bank Board
(FHLBB) in the 1960s. Among other
things, the FHLBB used data collected
through the MIRS to derive its National
Average Contract Mortgage Rate for the
Purchase of Previously Occupied Homes
by Combined Lenders (ARM Index),
which was used by lenders to set
mortgage rates on adjustable rate
mortgages (ARMs). No statutory or
regulatory provision explicitly required
the FHLBB to conduct the MIRS.
However, for a period in the early
1980s, federally chartered savings
institutions were required to use the
MIRS-derived ARM Index in setting
interest rates on ARMs. Few, if any,
loans from that period remain. After
1981, an unknown but likely very small
proportion of lenders used the ARM
Index to set interest rates on their new
ARMs.
In 1989, Congress enacted the
Financial Institutions Reform Recovery
and Enforcement Act (FIRREA), which
abolished the FHLBB and created the
Federal Housing Finance Board to
assume many of the FHLBB’s powers
and responsibilities. FIRREA required
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Agencies
[Federal Register Volume 79, Number 84 (Thursday, May 1, 2014)]
[Notices]
[Page 24726]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10123]
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FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
AGENCY: Federal Election Commission
DATE & TIME: Tuesday May 6, 2014 at 10 a.m.
PLACE: 999 E Street NW., Washington, DC.
STATUS: This meeting will be closed to the public.
ITEMS TO BE DISCUSSED:
Compliance matters pursuant to 2 U.S.C. 437g.
Matters concerning participation in civil actions or proceedings or
arbitration.
Internal personnel rules and internal rules and practices.
Information the premature disclosure of which would be likely to have a
considerable adverse effect on the implementation of a proposed
Commission action.
* * * * *
PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer,
Telephone: (202) 694-1220.
Shelley E. Garr,
Deputy Secretary of the Commission.
[FR Doc. 2014-10123 Filed 4-29-14; 4:15 pm]
BILLING CODE 6715-01-P