Consolidated Redelegation of Authority for the Government National Mortgage Association (Ginnie Mae), 29883-29885 [2016-11358]

Download as PDF Federal Register / Vol. 81, No. 93 / Friday, May 13, 2016 / Notices Dated: May 3, 2016. Harriet Tregoning, Principal Deputy Assistance Secretary for Community Planning and Development. [FR Doc. 2016–11354 Filed 5–12–16; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5931–D–01] Consolidated Redelegation of Authority for the Government National Mortgage Association (Ginnie Mae) Part II of this notice contains redelegations from the Senior Vice Presidents to subordinate staff. Part III of this notice discusses the ability of the Senior Vice Presidents to redelegate the authority redelegated to them from the Executive Vice President and certain non-delegable duties of the Executive Vice President. Part IV of this notice provides that this delegation supersedes all previous redelegations from the President, Executive Vice President and Senior Vice Presidents and authorizes those parties to revoke the authority contained in this delegation. Office of the President of the Government National Mortgage Association, HUD. ACTION: Notice of delegation of authority. I. Authority Redelegated In this Notice, the President of the Government National Mortgage Association (Ginnie Mae) retains authority and redelegates authority granted to Ginnie Mae to the Executive Vice President and other subordinate employees. DATES: Effective Date: May 5, 2016. FOR FURTHER INFORMATION CONTACT: Office of the Senior Vice President and Chief Risk Officer, Government National Mortgage Association, Department of Housing and Urban Development, Potomac Center South, 550 12th Street SW., 3rd Floor, Washington, DC 20024; telephone number (202) 475–4918. (This is not a toll-free number). Persons with hearing- or speech-impairments may access this number though TTY by calling the toll-free Federal Relay Service at 1–800–877–8339. SUPPLEMENTARY INFORMATION: By a notice published in the Federal Register on August 30, 2011 (76 FR 53931), the Secretary issued a consolidated delegation of authority to the President of Ginnie Mae. In that notice, the President of Ginnie Mae was given authority to redelegate the authorities delegated to the President by the Secretary.1 Part I of this notice contains concurrent redelegations from the President of Ginnie Mae to the Executive Vice President and redelegations from the Executive Vice President to Senior Vice Presidents.2 The President of Ginnie Mae hereby retains and redelegates to the Executive Vice President concurrent authority with the President. The Executive Vice President is authorized to perform all duties of the President of Ginnie Mae in place of the President. The Executive Vice President is also authorized to perform the functions delegated by the Secretary to the President of Ginnie Mae, except the authority to waive HUD regulations. The authority to waive regulations is reserved for the President of Ginnie Mae pursuant to the Department of Housing and Urban Development Act (42 U.S.C. 3535(q)). If the President is absent from office, the person authorized to act in the President’s absence may exercise the waiver authority of the President consistent with HUD’s policies and procedures (73 FR 76674 and 66 FR 13944). AGENCY: Section A. The President of Ginnie Mae Retains and Redelegates Concurrent Authority to the Executive Vice President mstockstill on DSK3G9T082PROD with NOTICES SUMMARY: 1 The Ginnie Mae Bylaws separately provide the President of Ginnie Mae with other significant authority. These delegations do not supersede or rescind the authority contained in the Bylaws. The Ginnie Mae Bylaws are available at http:// www.ginniemae.gov/inside_gnma/executive_ leadership/Documents/ginniemae_bylaws_ april2016.pdf. 2 The Ginnie Mae Bylaws authorize Ginnie Mae Vice Presidents to sign all contracts not subject to the Federal Acquisition Regulation, mortgages, VerDate Sep<11>2014 18:05 May 12, 2016 Jkt 238001 Section B. The Executive Vice President of Ginnie Mae Retains and Redelegates Authority to the Senior Vice Presidents The Executive Vice President of Ginnie Mae hereby retains and redelegates to the Senior Vice Presidents the authority to perform the below enumerated functions. 1. The Senior Vice President of the Office of Enterprise Risk is hereby delegated to handle matters related to Operational, Counterparty, Market and Credit Risk which includes, but is not limited to, the authority: a. To establish, oversee and maintain all appropriate risk management policies, activities, and controls for pledges, other documents, instruments and other writings that call for Ginnie Mae’s execution in the conducting of Ginnie Mae’s business. The authority redelegated to the Senior Vice Presidents by the Executive Vice President does not supersede or rescind the authority contained in the Bylaws. PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 29883 Ginnie Mae, including analyzing the risk profile of business units, carrying out risk management and evaluation functions, and performing risk assessments. b. To approve pool transfers, nonstreamlined commitment authority, subservicing arrangements, and acceptance of corporate guaranty. c. To approve waivers of net worth, liquidity requirements, and errors and omissions fidelity insurance. d. To negotiate and approve asset dispositions. 2. The Senior Vice President of the Office of Issuer and Portfolio Management is hereby delegated to handle matters related to the MortgageBacked Securities (MBS) Program, which includes, but is not limited to, the authority: a. To oversee the activities and performance of issuers participating in the MBS Program. b. To determine the manner of issuers’ participation in the MBS Program. c. To approve the ability of institutions to participate as issuers in the MBS Program. d. To render decisions concerning the compliance of issuers with MBS Program requirements. e. To make determinations related to the servicing of loans contained in defaulted portfolios. f. To approve subservicing arrangements and asset disposition. g. To initiate and impose civil money penalties. h. To establish and maintain policies and procedures for claims collection and coordinate claims collection activities. 3. The Senior Vice President of the Office of Capital Markets is hereby delegated to handle matters related to the Multiclass Securities Program, which includes, but is not limited to, the authority: a. To oversee the operation and management of the Multiclass Securities Program. b. To execute documents necessary to the administration of the Multiclass Securities Program. c. To execute the Transaction Initiation Letter, Sponsor Agreement, and Guaranty Agreement. 4. The Senior Vice President of the Office of Chief Financial Officer is hereby delegated to handle finance matters related to Ginnie Mae, which includes, but is not limited to, the authority: a. To develop and maintain a financial management system to administer and coordinate the financial and accounting functions for Ginnie Mae. E:\FR\FM\13MYN1.SGM 13MYN1 mstockstill on DSK3G9T082PROD with NOTICES 29884 Federal Register / Vol. 81, No. 93 / Friday, May 13, 2016 / Notices b. To be responsible for the financial management needs of Ginnie Mae, to report to the Congress and to external agencies on financial management performance, Ginnie Mae financial statements, and other information requests required by law and regulation. c. To establish and maintain policies and procedures for claims collection and coordinate claims collection activities. d. To appoint Disbursement and Certifying Officers to approve the disbursal of Ginnie Mae funds. e. To certify funds are available for commitments of contracts. f. To execute Secure Payment SystemFinancial Management Services designating individuals as certifying officers. g. To certify vouchers for payments. h. To designate, delegate, and revoke authority of designated staff members to use the U.S. Treasury’s Secure Payment System. 5. The Senior Vice President of the Office of Securities Operations is hereby delegated to handle matters related to Ginnie Mae Program Operations, which includes, but is not limited to, the authority: a. To conduct the issuance of single class securities and follow on bond administration functions, i.e., factor reporting, collection of principal and interest payments from issuers, outstanding securities, remaining principle balance corrections, etc. b. To approve any enhancement to Ginnie Mae’s business applications used to administer Ginnie Mae’s MortgageBacked Securities program. c. To approve the early termination of a Ginnie Mae pool. d. To assign mortgages. 6. The Senior Vice President of the Office of Enterprise Data and Technology Solutions is hereby delegated to handle matters related to the information, technology, and security management of all Ginnie Mae systems, which includes, but is not limited to, the authority: a. To certify and accredit Ginnie Mae business applications; b. To ensure security of Ginnie Mae business applications; c. To handle matters related to the procurement of hardware, software, and licensing. d. To manage Ginnie Mae’s infrastructure and security operations. e. To handle matters of interagency security agreements for data exchange. 7. The Senior Vice President of the Office of Management Operations is hereby delegated to handle matters related to Administrative Management, Procurement, and Communications, VerDate Sep<11>2014 18:05 May 12, 2016 Jkt 238001 which includes, but is not limited to, the authority: a. To coordinate administrative functions, policies, and programs related to Human Resources management and administration. b. To provide oversight of contract activities including reviews of quality and internal controls. c. To direct and coordinate all media outreach for Ginnie Mae. II. Authority Redelegated to Other Positions Within Ginnie Mae Section A The Senior Vice President of Office of Enterprise Risk retains and redelegates the authority to Directors and staff to handle matters related to Operational, Counterparty, Market and Credit Risk: 1. To establish, oversee, and maintain all appropriate risk management policies, activities, and controls for Ginnie Mae, including analyzing the risk profile of business units, carrying out risk management and evaluation functions, and performing risk assessments. 2. To approve new issuer applications. Section B The Senior Vice President of the Office of Issuer Portfolio Management hereby retains and redelegates the authority to Directors and staff: 1. To oversee the activities and performance of issuers participating in the MBS Program. 2. To determine the manner of issuers’ participation in the MBS Program. 3. To approve the ability of institutions to participate as issuers in the MBS Program. 4. To render decisions concerning the compliance of issuers with MBS Program requirements. 5. To make determinations about the servicing of loans contained in defaulted portfolios. 6. To approve subservicing arrangements and asset disposition. 7. To establish and maintain policies and procedures for claims collection and coordinate claims collection activities. Section C The Senior Vice President of the Office of Capital Markets retains and redelegates the authority to the Deputies, Directors, and securities market specialists: 1. To oversee the operation and management of the Multiclass Securities Program. 2. To execute documents necessary to the administration of the Multiclass Securities Program. PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 3. To execute the Transaction Initiation Letter, Sponsor Agreement, and Guaranty Agreement. Section D The Senior Vice President of the Office of Chief Financial Officer retains and redelegates the authority to Directors and specifically designated staff members: 1. To develop and maintain a financial management system to administer and coordinate the financial and accounting functions for Ginnie Mae. 2. To be responsible for the financial management needs of Ginnie Mae, to report to the Congress and to external agencies on financial management performance, Ginnie Mae financial statements, and other information requests required by law and regulation. 3. To establish and maintain policies and procedures for claims collection and coordinate claims collection activities. 4. To certify on funds available for commitments of contracts. 5. To certify vouchers for payments. 6. To execute Secure Payment System-Financial Management Services. Section E The Senior Vice President of Office of Securities Operations retains and redelegates the authority to directors and staff: 1. To conduct the issuance of single class securities and follow on bond administration functions, i.e., factor reporting, collection of principal and interest payments from issuers to investors, payments to investors, disclosures on outstanding securities. 2. To approve any enhancements to Ginnie Mae business applications used to administer Ginnie Mae’s MBS program. 3. To approve the early termination of a Ginnie Mae pool. 4. To assign mortgages. Section F The Senior Vice President of Office of Enterprise Data and Technology Solutions retains and redelegates the authority to Directors and staff: 1. To certify and accredit Ginnie Mae business applications. 2. To ensure security of Ginnie Mae business applications. 3. To handle matters related to the procurement of hardware, software, and licensing. 4. To manage Ginnie Mae’s infrastructure and security operations. 5. To handle matters of interagency security agreements for data exchange. E:\FR\FM\13MYN1.SGM 13MYN1 Federal Register / Vol. 81, No. 93 / Friday, May 13, 2016 / Notices Section G ACTION: The Senior Vice President of the Office of Management Operations retains and redelegates the authority to the Directors and staff: 1. To coordinate Ginnie Mae’s administrative functions, policies, and programs related to Human Resources management and administration. 2. To provide oversight of contract activities including reviews of quality and internal controls. 3. To direct and coordinate all media outreach for Ginnie Mae. SUMMARY: III. Authority To Redelegate Certain authority redelegated by the President of Ginnie Mae to the Executive Vice President and Senior Vice Presidents in this notice is nondelegable. The non-delegable authorities include, but are not limited to: (1) Authority to issue All Participants Memoranda; (2) Authority to approve the reservation of funds request; and (3) Authority to approve the request for contract services for all contract work. Duties that are delegable have been redelegated by the Senior Vice Presidents in Part II Sections A–G above. Duties that are non-delegable are retained by the President, Executive Vice President, and Senior Vice Presidents. IV. Authority Superseded This redelegation of authority supersedes all previous redelegations of authority from the President, Executive Vice President and Senior Vice Presidents of Ginnie Mae. The President, Executive Vice President and Senior Vice Presidents of Ginnie Mae may revoke the authority authorized herein, in whole or part, at any time. Authority: Section 7(d), Department of Housing and Urban Development Act (42 U.S.C. 3535(d)). Section 3.05, Bylaws of the Government National Mortgage Association, Ginnie Mae.gov. 24 CFR part 310. Dated: May 5, 2016. Theodore W. Tozer, President, Government National Mortgage Association. [FR Doc. 2016–11358 Filed 5–12–16; 8:45 am] BILLING CODE 4210–67–P mstockstill on DSK3G9T082PROD with NOTICES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5907–N–20] Federal Property Suitable as Facilities To Assist the Homeless Office of the Assistant Secretary for Community Planning and Development, HUD. AGENCY: VerDate Sep<11>2014 18:05 May 12, 2016 Jkt 238001 Notice. This Notice identifies unutilized, underutilized, excess, and surplus Federal property reviewed by HUD for suitability for use to assist the homeless. FOR FURTHER INFORMATION CONTACT: Juanita Perry, Department of Housing and Urban Development, 451 Seventh Street SW., Room 7266, Washington, DC 20410; telephone (202) 402–3970; TTY number for the hearing- and speechimpaired (202) 708–2565 (these telephone numbers are not toll-free), or call the toll-free title V information line at 800–927–7588. SUPPLEMENTARY INFORMATION: In accordance with 24 CFR part 581 and section 501 of the Stewart B. McKinney Homeless Assistance Act (42 U.S.C. 11411), as amended, HUD is publishing this Notice to identify Federal buildings and other real property that HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies regarding unutilized and underutilized buildings and real property controlled by such agencies or by GSA regarding its inventory of excess or surplus Federal property. This Notice is also published in order to comply with the December 12, 1988 Court Order in National Coalition for the Homeless v. Veterans Administration, No. 88–2503– OG (D.D.C.). Properties reviewed are listed in this Notice according to the following categories: Suitable/available, suitable/ unavailable, and suitable/to be excess, and unsuitable. The properties listed in the three suitable categories have been reviewed by the landholding agencies, and each agency has transmitted to HUD: (1) Its intention to make the property available for use to assist the homeless, (2) its intention to declare the property excess to the agency’s needs, or (3) a statement of the reasons that the property cannot be declared excess or made available for use as facilities to assist the homeless. Properties listed as suitable/available will be available exclusively for homeless use for a period of 60 days from the date of this Notice. Where property is described as for ‘‘off-site use only’’ recipients of the property will be required to relocate the building to their own site at their own expense. Homeless assistance providers interested in any such property should send a written expression of interest to HHS, addressed to: Ms. Theresa M. Ritta, Chief Real Property Branch, the Department of Health and Human Services, Room 5B–17, Parklawn PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 29885 Building, 5600 Fishers Lane, Rockville, MD 20857, (301) 443–2265 (This is not a toll-free number.) HHS will mail to the interested provider an application packet, which will include instructions for completing the application. In order to maximize the opportunity to utilize a suitable property, providers should submit their written expressions of interest as soon as possible. For complete details concerning the processing of applications, the reader is encouraged to refer to the interim rule governing this program, 24 CFR part 581. For properties listed as suitable/to be excess, that property may, if subsequently accepted as excess by GSA, be made available for use by the homeless in accordance with applicable law, subject to screening for other Federal use. At the appropriate time, HUD will publish the property in a Notice showing it as either suitable/ available or suitable/unavailable. For properties listed as suitable/ unavailable, the landholding agency has decided that the property cannot be declared excess or made available for use to assist the homeless, and the property will not be available. Properties listed as unsuitable will not be made available for any other purpose for 20 days from the date of this Notice. Homeless assistance providers interested in a review by HUD of the determination of unsuitability should call the toll free information line at 1– 800–927–7588 for detailed instructions or write a letter to Ann Marie Oliva at the address listed at the beginning of this Notice. Included in the request for review should be the property address (including zip code), the date of publication in the Federal Register, the landholding agency, and the property number. For more information regarding particular properties identified in this Notice (i.e., acreage, floor plan, existing sanitary facilities, exact street address), providers should contact the appropriate landholding agencies at the following addresses: AGRICULTURE: Ms. Debra Kerr, Department of Agriculture, Reporters Building, 300 7th Street SW., Room 300, Washington, DC 20024, (202) 720–8873; AIR FORCE: Mr. Robert E. Moriarty, P.E., AFCEC/CI, 2261 Hughes Avenue, Ste. 155, JBSA Lackland, TX 78236–9853; ARMY: Ms. Veronica Rines, Office of the Assistant Chief of Staff for Installation Management, Department of Army, Room 5A128, 600 Army Pentagon, Washington, DC 20310, (571) 256–8145; ENERGY: Mr. David Steinau, Department of Energy, Office of Property Management, OECM MA–50, E:\FR\FM\13MYN1.SGM 13MYN1

Agencies

[Federal Register Volume 81, Number 93 (Friday, May 13, 2016)]
[Notices]
[Pages 29883-29885]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-11358]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5931-D-01]


Consolidated Redelegation of Authority for the Government 
National Mortgage Association (Ginnie Mae)

AGENCY: Office of the President of the Government National Mortgage 
Association, HUD.

ACTION: Notice of delegation of authority.

-----------------------------------------------------------------------

SUMMARY: In this Notice, the President of the Government National 
Mortgage Association (Ginnie Mae) retains authority and redelegates 
authority granted to Ginnie Mae to the Executive Vice President and 
other subordinate employees.

DATES: Effective Date: May 5, 2016.

FOR FURTHER INFORMATION CONTACT: Office of the Senior Vice President 
and Chief Risk Officer, Government National Mortgage Association, 
Department of Housing and Urban Development, Potomac Center South, 550 
12th Street SW., 3rd Floor, Washington, DC 20024; telephone number 
(202) 475-4918. (This is not a toll-free number). Persons with hearing- 
or speech-impairments may access this number though TTY by calling the 
toll-free Federal Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: By a notice published in the Federal 
Register on August 30, 2011 (76 FR 53931), the Secretary issued a 
consolidated delegation of authority to the President of Ginnie Mae. In 
that notice, the President of Ginnie Mae was given authority to 
redelegate the authorities delegated to the President by the 
Secretary.\1\ Part I of this notice contains concurrent redelegations 
from the President of Ginnie Mae to the Executive Vice President and 
redelegations from the Executive Vice President to Senior Vice 
Presidents.\2\ Part II of this notice contains redelegations from the 
Senior Vice Presidents to subordinate staff. Part III of this notice 
discusses the ability of the Senior Vice Presidents to redelegate the 
authority redelegated to them from the Executive Vice President and 
certain non-delegable duties of the Executive Vice President. Part IV 
of this notice provides that this delegation supersedes all previous 
redelegations from the President, Executive Vice President and Senior 
Vice Presidents and authorizes those parties to revoke the authority 
contained in this delegation.
---------------------------------------------------------------------------

    \1\ The Ginnie Mae Bylaws separately provide the President of 
Ginnie Mae with other significant authority. These delegations do 
not supersede or rescind the authority contained in the Bylaws. The 
Ginnie Mae Bylaws are available at http://www.ginniemae.gov/inside_gnma/executive_leadership/Documents/ginniemae_bylaws_april2016.pdf.
    \2\ The Ginnie Mae Bylaws authorize Ginnie Mae Vice Presidents 
to sign all contracts not subject to the Federal Acquisition 
Regulation, mortgages, pledges, other documents, instruments and 
other writings that call for Ginnie Mae's execution in the 
conducting of Ginnie Mae's business. The authority redelegated to 
the Senior Vice Presidents by the Executive Vice President does not 
supersede or rescind the authority contained in the Bylaws.
---------------------------------------------------------------------------

I. Authority Redelegated

Section A. The President of Ginnie Mae Retains and Redelegates 
Concurrent Authority to the Executive Vice President

    The President of Ginnie Mae hereby retains and redelegates to the 
Executive Vice President concurrent authority with the President. The 
Executive Vice President is authorized to perform all duties of the 
President of Ginnie Mae in place of the President. The Executive Vice 
President is also authorized to perform the functions delegated by the 
Secretary to the President of Ginnie Mae, except the authority to waive 
HUD regulations. The authority to waive regulations is reserved for the 
President of Ginnie Mae pursuant to the Department of Housing and Urban 
Development Act (42 U.S.C. 3535(q)). If the President is absent from 
office, the person authorized to act in the President's absence may 
exercise the waiver authority of the President consistent with HUD's 
policies and procedures (73 FR 76674 and 66 FR 13944).

Section B. The Executive Vice President of Ginnie Mae Retains and 
Redelegates Authority to the Senior Vice Presidents

    The Executive Vice President of Ginnie Mae hereby retains and 
redelegates to the Senior Vice Presidents the authority to perform the 
below enumerated functions.
    1. The Senior Vice President of the Office of Enterprise Risk is 
hereby delegated to handle matters related to Operational, 
Counterparty, Market and Credit Risk which includes, but is not limited 
to, the authority:
    a. To establish, oversee and maintain all appropriate risk 
management policies, activities, and controls for Ginnie Mae, including 
analyzing the risk profile of business units, carrying out risk 
management and evaluation functions, and performing risk assessments.
    b. To approve pool transfers, non-streamlined commitment authority, 
subservicing arrangements, and acceptance of corporate guaranty.
    c. To approve waivers of net worth, liquidity requirements, and 
errors and omissions fidelity insurance.
    d. To negotiate and approve asset dispositions.
    2. The Senior Vice President of the Office of Issuer and Portfolio 
Management is hereby delegated to handle matters related to the 
Mortgage-Backed Securities (MBS) Program, which includes, but is not 
limited to, the authority:
    a. To oversee the activities and performance of issuers 
participating in the MBS Program.
    b. To determine the manner of issuers' participation in the MBS 
Program.
    c. To approve the ability of institutions to participate as issuers 
in the MBS Program.
    d. To render decisions concerning the compliance of issuers with 
MBS Program requirements.
    e. To make determinations related to the servicing of loans 
contained in defaulted portfolios.
    f. To approve subservicing arrangements and asset disposition.
    g. To initiate and impose civil money penalties.
    h. To establish and maintain policies and procedures for claims 
collection and coordinate claims collection activities.
    3. The Senior Vice President of the Office of Capital Markets is 
hereby delegated to handle matters related to the Multiclass Securities 
Program, which includes, but is not limited to, the authority:
    a. To oversee the operation and management of the Multiclass 
Securities Program.
    b. To execute documents necessary to the administration of the 
Multiclass Securities Program.
    c. To execute the Transaction Initiation Letter, Sponsor Agreement, 
and Guaranty Agreement.
    4. The Senior Vice President of the Office of Chief Financial 
Officer is hereby delegated to handle finance matters related to Ginnie 
Mae, which includes, but is not limited to, the authority:
    a. To develop and maintain a financial management system to 
administer and coordinate the financial and accounting functions for 
Ginnie Mae.

[[Page 29884]]

    b. To be responsible for the financial management needs of Ginnie 
Mae, to report to the Congress and to external agencies on financial 
management performance, Ginnie Mae financial statements, and other 
information requests required by law and regulation.
    c. To establish and maintain policies and procedures for claims 
collection and coordinate claims collection activities.
    d. To appoint Disbursement and Certifying Officers to approve the 
disbursal of Ginnie Mae funds.
    e. To certify funds are available for commitments of contracts.
    f. To execute Secure Payment System-Financial Management Services 
designating individuals as certifying officers.
    g. To certify vouchers for payments.
    h. To designate, delegate, and revoke authority of designated staff 
members to use the U.S. Treasury's Secure Payment System.
    5. The Senior Vice President of the Office of Securities Operations 
is hereby delegated to handle matters related to Ginnie Mae Program 
Operations, which includes, but is not limited to, the authority:
    a. To conduct the issuance of single class securities and follow on 
bond administration functions, i.e., factor reporting, collection of 
principal and interest payments from issuers, outstanding securities, 
remaining principle balance corrections, etc.
    b. To approve any enhancement to Ginnie Mae's business applications 
used to administer Ginnie Mae's Mortgage-Backed Securities program.
    c. To approve the early termination of a Ginnie Mae pool.
    d. To assign mortgages.
    6. The Senior Vice President of the Office of Enterprise Data and 
Technology Solutions is hereby delegated to handle matters related to 
the information, technology, and security management of all Ginnie Mae 
systems, which includes, but is not limited to, the authority:
    a. To certify and accredit Ginnie Mae business applications;
    b. To ensure security of Ginnie Mae business applications;
    c. To handle matters related to the procurement of hardware, 
software, and licensing.
    d. To manage Ginnie Mae's infrastructure and security operations.
    e. To handle matters of interagency security agreements for data 
exchange.
    7. The Senior Vice President of the Office of Management Operations 
is hereby delegated to handle matters related to Administrative 
Management, Procurement, and Communications, which includes, but is not 
limited to, the authority:
    a. To coordinate administrative functions, policies, and programs 
related to Human Resources management and administration.
    b. To provide oversight of contract activities including reviews of 
quality and internal controls.
    c. To direct and coordinate all media outreach for Ginnie Mae.

II. Authority Redelegated to Other Positions Within Ginnie Mae

Section A

    The Senior Vice President of Office of Enterprise Risk retains and 
redelegates the authority to Directors and staff to handle matters 
related to Operational, Counterparty, Market and Credit Risk:
    1. To establish, oversee, and maintain all appropriate risk 
management policies, activities, and controls for Ginnie Mae, including 
analyzing the risk profile of business units, carrying out risk 
management and evaluation functions, and performing risk assessments.
    2. To approve new issuer applications.

Section B

    The Senior Vice President of the Office of Issuer Portfolio 
Management hereby retains and redelegates the authority to Directors 
and staff:
    1. To oversee the activities and performance of issuers 
participating in the MBS Program.
    2. To determine the manner of issuers' participation in the MBS 
Program.
    3. To approve the ability of institutions to participate as issuers 
in the MBS Program.
    4. To render decisions concerning the compliance of issuers with 
MBS Program requirements.
    5. To make determinations about the servicing of loans contained in 
defaulted portfolios.
    6. To approve subservicing arrangements and asset disposition.
    7. To establish and maintain policies and procedures for claims 
collection and coordinate claims collection activities.

Section C

    The Senior Vice President of the Office of Capital Markets retains 
and redelegates the authority to the Deputies, Directors, and 
securities market specialists:
    1. To oversee the operation and management of the Multiclass 
Securities Program.
    2. To execute documents necessary to the administration of the 
Multiclass Securities Program.
    3. To execute the Transaction Initiation Letter, Sponsor Agreement, 
and Guaranty Agreement.

Section D

    The Senior Vice President of the Office of Chief Financial Officer 
retains and redelegates the authority to Directors and specifically 
designated staff members:
    1. To develop and maintain a financial management system to 
administer and coordinate the financial and accounting functions for 
Ginnie Mae.
    2. To be responsible for the financial management needs of Ginnie 
Mae, to report to the Congress and to external agencies on financial 
management performance, Ginnie Mae financial statements, and other 
information requests required by law and regulation.
    3. To establish and maintain policies and procedures for claims 
collection and coordinate claims collection activities.
    4. To certify on funds available for commitments of contracts.
    5. To certify vouchers for payments.
    6. To execute Secure Payment System-Financial Management Services.

Section E

    The Senior Vice President of Office of Securities Operations 
retains and redelegates the authority to directors and staff:
    1. To conduct the issuance of single class securities and follow on 
bond administration functions, i.e., factor reporting, collection of 
principal and interest payments from issuers to investors, payments to 
investors, disclosures on outstanding securities.
    2. To approve any enhancements to Ginnie Mae business applications 
used to administer Ginnie Mae's MBS program.
    3. To approve the early termination of a Ginnie Mae pool.
    4. To assign mortgages.

Section F

    The Senior Vice President of Office of Enterprise Data and 
Technology Solutions retains and redelegates the authority to Directors 
and staff:
    1. To certify and accredit Ginnie Mae business applications.
    2. To ensure security of Ginnie Mae business applications.
    3. To handle matters related to the procurement of hardware, 
software, and licensing.
    4. To manage Ginnie Mae's infrastructure and security operations.
    5. To handle matters of interagency security agreements for data 
exchange.

[[Page 29885]]

Section G

    The Senior Vice President of the Office of Management Operations 
retains and redelegates the authority to the Directors and staff:
    1. To coordinate Ginnie Mae's administrative functions, policies, 
and programs related to Human Resources management and administration.
    2. To provide oversight of contract activities including reviews of 
quality and internal controls.
    3. To direct and coordinate all media outreach for Ginnie Mae.

III. Authority To Redelegate

    Certain authority redelegated by the President of Ginnie Mae to the 
Executive Vice President and Senior Vice Presidents in this notice is 
non-delegable. The non-delegable authorities include, but are not 
limited to: (1) Authority to issue All Participants Memoranda; (2) 
Authority to approve the reservation of funds request; and (3) 
Authority to approve the request for contract services for all contract 
work. Duties that are delegable have been redelegated by the Senior 
Vice Presidents in Part II Sections A-G above. Duties that are non-
delegable are retained by the President, Executive Vice President, and 
Senior Vice Presidents.

IV. Authority Superseded

    This redelegation of authority supersedes all previous 
redelegations of authority from the President, Executive Vice President 
and Senior Vice Presidents of Ginnie Mae. The President, Executive Vice 
President and Senior Vice Presidents of Ginnie Mae may revoke the 
authority authorized herein, in whole or part, at any time.

    Authority: Section 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)). Section 3.05, Bylaws of the 
Government National Mortgage Association, Ginnie Mae.gov. 24 CFR 
part 310.

    Dated: May 5, 2016.
Theodore W. Tozer,
President, Government National Mortgage Association.
[FR Doc. 2016-11358 Filed 5-12-16; 8:45 am]
 BILLING CODE 4210-67-P