Notice of Proposed Information Collection: Comment Request; Ginnie Mae Multiclass Securities Program Documents (Forms and Electronic Data Submissions); Notice of Proposed Information Collection: Comment Request, 59412-59414 [2019-23961]

Download as PDF 59412 Federal Register / Vol. 84, No. 213 / Monday, November 4, 2019 / Notices proposed collection of information described in Section A. A. Overview of Information Collection Title of Information Collection: Application for Distressed Cities Technical Assistance NOFA. OMB Approval Number: New Collection. Type of Request: New Collection. Form Number: SF–424, SF–LLL, HUD–2880. Description of the need for the information and proposed use: Information collection Number of respondents Application information is needed to determine the competition winner, i.e., the technical assistance provider best able to help distressed communities adopt effective, efficient, and sustainable financial management practices, build capacity for financial management, economic revitalization, affordable housing, and disaster recovery, and improve knowledge of federal development programs. Members of Affected Public: Organizations. Frequency of response Responses per annum Estimated Number of Respondents: 10. Estimated Time per Response: 44 hours. Frequency of Response: 1. Estimated Total Annual Burden Hours: 440 hours. Estimated Total Annual Cost: The total estimated cost is $11,000. Legal Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. Respondents (i.e., affected public): Organizations. Burden hour per response Annual burden hours Hourly cost per response Annual cost Pre-Award Narrative Response ..... HUD SF–424 ................ HUD–2880 ................... SF–LLL* ....................... 10 10 10 ........................ 1 1 1 ........................ 10 10 10 ........................ 40.00 2.00 2.00 ........................ 400.00 20.00 20.00 ........................ $25.00 25.00 25.00 ........................ $10,000.00 500.00 500.00 ........................ Total ...................... 10 ........................ ........................ 44.00 440.00 25.00 11,000.00 * Per OMB, Standard Form should be listed, but the burden does not need to be included as part of the collection. Annualized Cost @$25/hr: $62,361.00. B. Solicitation of Public Comment This notice solicits comments from members of the public and affected parties concerning the collection of information described in Section A on the following: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) The accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Ways to enhance the quality, utility, and clarity of the information to be collected; and (4) Ways to minimize the burden of the collection of information on those who are to respond, including the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. HUD encourages interested parties to submit comment in response to these questions. C. Authority Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. Dated: October 7, 2019. Seth Appleton, Assistant Secretary for Policy Development and Research. [FR Doc. 2019–23962 Filed 11–1–19; 8:45 am] BILLING CODE 4210–67–P VerDate Sep<11>2014 20:48 Nov 01, 2019 Jkt 250001 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT submitted to OMB may be obtained from Ms. Guido. [Docket No. FR–7020–N–02] FOR FURTHER INFORMATION CONTACT: Notice of Proposed Information Collection: Comment Request; Ginnie Mae Multiclass Securities Program Documents (Forms and Electronic Data Submissions); Notice of Proposed Information Collection: Comment Request Shalei Choi, Ginnie Mae, 451 7th Street SW, Room B–133, Washington, DC 20410; email—Shalei.Choi@hud.gov; telephone—(202) 475–7820; (this is not a toll-free number); the Ginnie Mae website at www.ginniemae.gov for other available information. The Department will submit the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35, as amended). SUMMARY: The proposed information This Notice is soliciting comments collection requirement described below will be submitted to the Office of from members of the public and Management and Budget (OMB) for affecting agencies concerning the review, as required by the Paperwork proposed collection of information to: Reduction Act. The Department is (1) Evaluate whether the proposed soliciting public comments on the collection of information is necessary subject proposal. for the proper performance of the functions of the agency, including DATES: Comments due: January 3, 2020. whether the information will have ADDRESSES: Interested persons are practical utility; (2) Evaluate the invited to submit comments regarding this proposal. Comments should refer to accuracy of the agency’s estimate of the burden of the proposed collection of the proposal by name and/or OMB information; (3) Enhance the quality, Control Number and should be sent to: utility, and clarity of the information to Anna Guido, QDAM, Information be collected; and (4) Minimize the Reports Management Officer, burden of the collection of information Department of Housing and Urban on those who are to respond; including Development, 451 7th Street SW, through the use of appropriate L’Enfant Plaza Building, Room 4186, automated collection techniques or Washington, DC 20410; email: Anna.P.Guido@hud.gov; telephone (202) other forms of information technology, 708–2384. This is not a toll-free number. e.g., permitting electronic submission of responses. Copies of available documents Office of the President of Government National Mortgage Association (Ginnie Mae), HUD. ACTION: Notice. AGENCY: PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 SUPPLEMENTARY INFORMATION: E:\FR\FM\04NON1.SGM 04NON1 59413 Federal Register / Vol. 84, No. 213 / Monday, November 4, 2019 / Notices This Notice also lists the following information: Title of Proposal: Ginnie Mae Multiclass Securities Program Documents. (Forms and Electronic Data Submissions). OMB Control Number, if applicable: 2503–0030. Description of the need for the information and proposed use: This information collection is required in connection with the operation of the Ginnie Mae Multiclass Securities program. Ginnie Mae’s authority to guarantee multiclass instruments is contained in 306(g)(1) of the National Housing Act (‘‘NHA’’) (12 U.S.C. 1721(g)(1)), which authorizes Ginnie Mae to guarantee ‘‘securities * * * based on or backed by a trust or pool composed of mortgages. * * * ’’ Multiclass securities are backed by Ginnie Mae securities, which are backed by government insured or guaranteed mortgages. Ginnie Mae’s authority to operate a Multiclass Securities program is recognized in Section 3004 of the Information collection Number of respondents Omnibus Budget Reconciliation Act of 1993 (‘‘OBRA’’), which amended 306(g)(3) of the NHA (12 U.S.C. 1271(g)(3)) to provide Ginnie Mae with greater flexibility for the Multiclass Securities program regarding fee structure, contracting, industry consultation, and program implementation. Congress annually sets Ginnie Mae’s commitment authority to guarantee mortgage-backed (‘‘MBS’’) pursuant to 306(G)(2) of the NHA (12 U.S.C. 1271(g)(2)). Since the multiclass are backed by Ginnie Mae Single Class MBS, Ginnie Mae has already guaranteed the collateral for the multiclass instruments. The Ginnie Mae Multiclass Securities Program consists of Ginnie Mae Real Estate Mortgage Investment Conduit (‘‘REMIC’’) securities, Stripped Mortgage-Backed Securities (‘‘SMBS’’), and Platinum securities. The Multiclass Securities program provides an important adjunct to Ginnie Mae’s secondary mortgage market activities, Frequency response Responses per annum Burden hour per response allowing the private sector to combine and restructure cash flows from Ginnie Mae Single Class MBS into securities that meet unique investor requirements in connection with yield, maturity, and call-option protection. The intent of the Multiclass Securities program is to increase liquidity in the secondary mortgage market and to attract new sources of capital for federally insured or guaranteed loans. Under this program, Ginnie Mae guarantees, with the full faith and credit of the United States, the timely payment of principal and interest on Ginnie Mae REMIC, SMBS and Platinum securities. Agency form numbers, if applicable: Not applicable. Members of affected public: For-profit business (mortgage companies, thrifts, savings & loans, etc.). Estimation of the total number of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: Annual burden hrs Hourly cost per response Annual cost REMIC Securities Pricing Letter ................ Structured Term Sheet Trust (REMIC) Agreement .......................... Trust Opinion ............... MX Trust Agreement .... MX Trust Opinion ......... RR Certificate ............... Sponsor Agreement ..... Table of Contents ........ Issuance Statement ..... Tax Opinion .................. Transfer Affidavit .......... Supplemental Statement .......................... Final Data Statements (attached to closing letter) ........................ Accountants’ Closing Letter ........................ Accountants’ OSC Letter ............................. Structuring Data ........... Financial Statements ... Principal and Interest Factor File Specifications .......................... Distribution Dates and Statement ................. Term Sheet .................. New Issue File Layout Flow of Funds .............. Trustee Receipt ............ 18 18 10 10 180 180 0.5 3 90 540 $43 43 $3,870 23,220 18 18 18 18 18 18 18 18 18 18 10 10 10 10 10 10 10 10 10 10 180 180 180 180 180 180 180 180 180 180 1 4 0.16 4 0.08 0.05 0.33 0.5 4 0.08 180 720 28.8 720 14.4 9 59.4 90 720 14.4 43 43 43 43 43 43 43 43 43 43 7,740 30,960 1,238 30,960 619 387 2,554 3,870 30,960 619 18 0.25 4.5 1 4.5 43 194 18 10 180 32 5,760 43 247,680 18 10 180 8 1,440 43 61,920 18 18 18 10 10 10 180 180 180 8 8 1 1,440 1,440 180 43 43 43 61,920 61,920 7,740 18 10 180 16 2,880 43 123,840 18 18 18 18 18 10 10 10 10 10 180 180 180 180 180 0.42 2 4 0.16 2 75.6 360 720 28.8 360 43 43 43 43 43 3,251 15,480 30,960 1,238 15,480 Subtotal ................. ........................ ........................ 4,144.50 ........................ 17,874.90 ........................ 768,621 190 30.4 760 43 43 43 8,170 1,307 32,680 Platinum Securities Deposit Agreement ...... MBS Schedule ............. New Issue File Layout VerDate Sep<11>2014 20:48 Nov 01, 2019 19 19 19 Jkt 250001 10 10 10 PO 00000 Frm 00063 190 190 190 Fmt 4703 Sfmt 4703 1 0.16 4 E:\FR\FM\04NON1.SGM 04NON1 59414 Federal Register / Vol. 84, No. 213 / Monday, November 4, 2019 / Notices Information collection Number of respondents Frequency response Responses per annum Burden hour per response Annual burden hrs Hourly cost per response Annual cost Principal and Interest Factor File Specifications .......................... 19 10 190 16 3,040 43 130,720 Subtotal ................. ........................ ........................ 760 ........................ 4,020.40 ........................ 172,877 Total Annual Responses ........................ ........................ 4,904.50 ........................ ........................ ........................ ........................ Total Burden Hours .......... ........................ ........................ ........................ ........................ 21,895.30 ........................ ........................ Total Cost ...... ........................ ........................ ........................ ........................ ........................ ........................ 941,498 Status of the proposed information collection: Reinstatement, with change, of a previously approved collection. Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35 as amended. Dated: September 26, 2019. John Getchis, Senior Vice President, Office of Capital Markets, Government National Mortgage Association. [FR Doc. 2019–23961 Filed 11–1–19; 8:45 am] BILLING CODE P DEPARTMENT OF THE INTERIOR Bureau of Land Management [XXX.LLAZG02000.71220000.KD0000. LVTFA0958340;AZA3116] Notice of Availability of Record of Decision for the Ray Land Exchange Final Supplemental Environmental Impact Statement/Proposed Plan Amendment, Arizona Bureau of Land Management, Interior. ACTION: Notice of availability. AGENCY: In accordance with the National Environmental Policy Act of 1969, as amended, and Federal Land Policy and Management Act of 1976, as amended, the Bureau of Land Management (BLM), Gila District, announces the availability of the Record of Decision (ROD) for the Final Supplemental Environmental Impact Statement (EIS)/Plan Amendment for the Ray Land Exchange located in Pinal and Gila counties in southeastern Arizona. SUMMARY: Simultaneous to the publication of the Record of Decision, the BLM will publish in a local newspaper a Notice of Decision for the land exchange, which will initiate a 45-day protest period per 43 CFR 2200.7–1(b). Protests must be received by December 19, 2019. DATES: VerDate Sep<11>2014 20:48 Nov 01, 2019 Jkt 250001 Copies of the ROD are available upon request from the Project Manager, Michael Werner, address: One North Central Avenue, Suite 800, Phoenix, AZ 85004–4427, or on the BLM ePlanning project website at https://go.usa.gov/xEnKR. Copies of the ROD are available for public inspection at the BLM Arizona State Office, and the Kingman and Tucson Field Offices. Protests related to the proposed land exchange, as described in the Notice of Decision, must be submitted in writing to the State Director, Attn: Project Manager—Ray Land Exchange Protest, U.S. Bureau of Land Management, Arizona State Office, One North Central Avenue, Suite 800, Phoenix, Arizona 85004–4427. FOR FURTHER INFORMATION CONTACT: Project Manager Michael Werner, telephone: 602–417–9561; email: mwerner@blm.gov. Persons who use a telecommunications device for the deaf (TDD) may call the Federal Relay Service (FRS) at 1–800–877–8339 to contact the above individual during normal business hours. The FRS is available 24 hours a day, 7 days a week, to leave a message or question with the above individual. You will receive a reply during normal business hours. SUPPLEMENTARY INFORMATION: The BLM Arizona State Director signed the ROD on October 24, 2019 to amend the Phoenix, Lower Sonoran and Safford Resource Management Plans (RMPs) to change the land tenure status of all the Selected Lands originally considered to be exchanged (10,976 acres) from ‘‘retention’’ to ‘‘available for disposal’’ (approximately 9,906 acres in the Phoenix RMP (1989); approximately 637 acres in the Lower Sonoran RMP (2012); and approximately 433 acres in the Safford RMP (1992, 1994)). The ROD also approved a land exchange between ASARCO LLC and the BLM for 9,339 acres (7,196 acres of full estate and 2,143 acres of subsurface mineral estate only) of BLM-administered public lands ADDRESSES: PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 for acquisition by ASARCO in exchange for approximately 7,298 acres (6,938 of full estate, and 360 of surface estate only) of private land. Implementation of the ROD occurs only upon expiration of the 45-day protest period for the land exchange (43 CFR 2201.7–1) and the resolution of any protests. Before including your address, phone number, email address, or other personal identifying information in your appeal, you should be aware that your entire protest—including your personal identifying information—may be made publicly available at any time. While you can ask us in your protest to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Under the approved Ray Land Exchange with ASARCO LLC, the BLM acquires 7,298 acres of land in Pinal and Mohave Counties, consolidating checkerboard land ownership in those areas and improving access to existing public lands for hunting and other types of recreation. In exchange, the BLM transfers to ASARCO 9,339 acres of surface and subsurface estate near ASARCO’s Ray Mine Complex and Copper Butte properties in Pinal and Gila Counties, near Kearny. Since the public lands appraised at a higher value than the private lands, to equalize the value, the BLM will accept a cash payment of the maximum allowable amount (25 percent of the value of the federal lands) from ASARCO. Approximately 1,637 acres of surface and sub-surface estate originally selected by ASARCO will remain under BLM ownership. The Ray Land Exchange Supplemental EIS/Plan Amendment was developed with stakeholder dialogue throughout the planning process. The BLM was not required to conduct scoping for the Supplemental EIS. However, the agency has conducted public outreach activities to inform the public and answer questions regarding E:\FR\FM\04NON1.SGM 04NON1

Agencies

[Federal Register Volume 84, Number 213 (Monday, November 4, 2019)]
[Notices]
[Pages 59412-59414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23961]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7020-N-02]


Notice of Proposed Information Collection: Comment Request; 
Ginnie Mae Multiclass Securities Program Documents (Forms and 
Electronic Data Submissions); Notice of Proposed Information 
Collection: Comment Request

AGENCY: Office of the President of Government National Mortgage 
Association (Ginnie Mae), HUD.

ACTION: Notice.

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

SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments due: January 3, 2020.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Anna Guido, QDAM, Information 
Reports Management Officer, Department of Housing and Urban 
Development, 451 7th Street SW, L'Enfant Plaza Building, Room 4186, 
Washington, DC 20410; email: [email protected]; telephone (202) 708-
2384. This is not a toll-free number. Copies of available documents 
submitted to OMB may be obtained from Ms. Guido.

FOR FURTHER INFORMATION CONTACT: Shalei Choi, Ginnie Mae, 451 7th 
Street SW, Room B-133, Washington, DC 20410; email_
[email protected]; telephone--(202) 475-7820; (this is not a toll-
free number); the Ginnie Mae website at www.ginniemae.gov for other 
available information.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affecting agencies concerning the proposed collection of information 
to: (1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; (2) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) Minimize the 
burden of the collection of information on those who are to respond; 
including through the use of appropriate automated collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.

[[Page 59413]]

    This Notice also lists the following information:
    Title of Proposal: Ginnie Mae Multiclass Securities Program 
Documents. (Forms and Electronic Data Submissions).
    OMB Control Number, if applicable: 2503-0030.
    Description of the need for the information and proposed use: This 
information collection is required in connection with the operation of 
the Ginnie Mae Multiclass Securities program. Ginnie Mae's authority to 
guarantee multiclass instruments is contained in 306(g)(1) of the 
National Housing Act (``NHA'') (12 U.S.C. 1721(g)(1)), which authorizes 
Ginnie Mae to guarantee ``securities * * * based on or backed by a 
trust or pool composed of mortgages. * * * '' Multiclass securities are 
backed by Ginnie Mae securities, which are backed by government insured 
or guaranteed mortgages. Ginnie Mae's authority to operate a Multiclass 
Securities program is recognized in Section 3004 of the Omnibus Budget 
Reconciliation Act of 1993 (``OBRA''), which amended 306(g)(3) of the 
NHA (12 U.S.C. 1271(g)(3)) to provide Ginnie Mae with greater 
flexibility for the Multiclass Securities program regarding fee 
structure, contracting, industry consultation, and program 
implementation. Congress annually sets Ginnie Mae's commitment 
authority to guarantee mortgage-backed (``MBS'') pursuant to 306(G)(2) 
of the NHA (12 U.S.C. 1271(g)(2)). Since the multiclass are backed by 
Ginnie Mae Single Class MBS, Ginnie Mae has already guaranteed the 
collateral for the multiclass instruments.
    The Ginnie Mae Multiclass Securities Program consists of Ginnie Mae 
Real Estate Mortgage Investment Conduit (``REMIC'') securities, 
Stripped Mortgage-Backed Securities (``SMBS''), and Platinum 
securities. The Multiclass Securities program provides an important 
adjunct to Ginnie Mae's secondary mortgage market activities, allowing 
the private sector to combine and restructure cash flows from Ginnie 
Mae Single Class MBS into securities that meet unique investor 
requirements in connection with yield, maturity, and call-option 
protection. The intent of the Multiclass Securities program is to 
increase liquidity in the secondary mortgage market and to attract new 
sources of capital for federally insured or guaranteed loans. Under 
this program, Ginnie Mae guarantees, with the full faith and credit of 
the United States, the timely payment of principal and interest on 
Ginnie Mae REMIC, SMBS and Platinum securities.
    Agency form numbers, if applicable: Not applicable.
    Members of affected public: For-profit business (mortgage 
companies, thrifts, savings & loans, etc.).
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                             Number of       Frequency    Responses  per    Burden hour   Annual  burden    Hourly cost
         Information collection             respondents      response          annum       per response         hrs        per response     Annual cost
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    REMIC Securities
--------------------------------------------------------------------------------------------------------------------------------------------------------
Pricing Letter..........................              18              10             180             0.5              90             $43          $3,870
Structured Term Sheet...................              18              10             180               3             540              43          23,220
Trust (REMIC) Agreement.................              18              10             180               1             180              43           7,740
Trust Opinion...........................              18              10             180               4             720              43          30,960
MX Trust Agreement......................              18              10             180            0.16            28.8              43           1,238
MX Trust Opinion........................              18              10             180               4             720              43          30,960
RR Certificate..........................              18              10             180            0.08            14.4              43             619
Sponsor Agreement.......................              18              10             180            0.05               9              43             387
Table of Contents.......................              18              10             180            0.33            59.4              43           2,554
Issuance Statement......................              18              10             180             0.5              90              43           3,870
Tax Opinion.............................              18              10             180               4             720              43          30,960
Transfer Affidavit......................              18              10             180            0.08            14.4              43             619
Supplemental Statement..................              18            0.25             4.5               1             4.5              43             194
Final Data Statements (attached to                    18              10             180              32           5,760              43         247,680
 closing letter)........................
Accountants' Closing Letter.............              18              10             180               8           1,440              43          61,920
Accountants' OSC Letter.................              18              10             180               8           1,440              43          61,920
Structuring Data........................              18              10             180               8           1,440              43          61,920
Financial Statements....................              18              10             180               1             180              43           7,740
Principal and Interest Factor File                    18              10             180              16           2,880              43         123,840
 Specifications.........................
Distribution Dates and Statement........              18              10             180            0.42            75.6              43           3,251
Term Sheet..............................              18              10             180               2             360              43          15,480
New Issue File Layout...................              18              10             180               4             720              43          30,960
Flow of Funds...........................              18              10             180            0.16            28.8              43           1,238
Trustee Receipt.........................              18              10             180               2             360              43          15,480
                                         ---------------------------------------------------------------------------------------------------------------
    Subtotal............................  ..............  ..............        4,144.50  ..............       17,874.90  ..............         768,621
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                   Platinum Securities
--------------------------------------------------------------------------------------------------------------------------------------------------------
Deposit Agreement.......................              19              10             190               1             190              43           8,170
MBS Schedule............................              19              10             190            0.16            30.4              43           1,307
New Issue File Layout...................              19              10             190               4             760              43          32,680

[[Page 59414]]

 
Principal and Interest Factor File                    19              10             190              16           3,040              43         130,720
 Specifications.........................
                                         ---------------------------------------------------------------------------------------------------------------
    Subtotal............................  ..............  ..............             760  ..............        4,020.40  ..............         172,877
                                         ---------------------------------------------------------------------------------------------------------------
        Total Annual Responses..........  ..............  ..............        4,904.50  ..............  ..............  ..............  ..............
                                         ---------------------------------------------------------------------------------------------------------------
        Total Burden Hours..............  ..............  ..............  ..............  ..............       21,895.30  ..............  ..............
                                         ---------------------------------------------------------------------------------------------------------------
        Total Cost......................  ..............  ..............  ..............  ..............  ..............  ..............         941,498
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Status of the proposed information collection: Reinstatement, with 
change, of a previously approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35 as amended.

    Dated: September 26, 2019.
John Getchis,
Senior Vice President, Office of Capital Markets, Government National 
Mortgage Association.
[FR Doc. 2019-23961 Filed 11-1-19; 8:45 am]
 BILLING CODE P