Notice2022-12351
60-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Programs; OMB Control No.: 2503-0033
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 8, 2022
Issuing agencies
Housing and Urban Development Department
Abstract
HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
Full Text
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<title>Federal Register, Volume 87 Issue 110 (Wednesday, June 8, 2022)</title>
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[Federal Register Volume 87, Number 110 (Wednesday, June 8, 2022)]
[Notices]
[Pages 34896-34897]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12351]
[[Page 34896]]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7055-N-01]
60-Day Notice of Proposed Information Collection: Ginnie Mae
Mortgage-Backed Securities Programs; OMB Control No.: 2503-0033
AGENCY: Ginnie Mae, Housing and Urban Development (HUD).
ACTION: Notice.
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SUMMARY: HUD is seeking approval from the Office of Management and
Budget (OMB) for the information collection described below. In
accordance with the Paperwork Reduction Act, HUD is requesting comment
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 60 days of public comment.
DATES: August 8, 2022.
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 P. Guido, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-402-5534
(this is not a toll-free number) or email at <a href="/cdn-cgi/l/email-protection#c988a7a7a8e799e78ebca0ada689a1bcade7aea6bf"><span class="__cf_email__" data-cfemail="2a6b44444b047a046d5f434e456a425f4e044d455c">[email protected]</span></a> for a
copy of the proposed forms or other available information. Persons with
hearing or speech impairments may access this number through TTY by
calling the toll-free Federal Relay Service at (800) 877-8339.
FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Anna P. Guido at
<a href="/cdn-cgi/l/email-protection#df9eb1b1bef18ff198aab6bbb09fb7aabbf1b8b0a9"><span class="__cf_email__" data-cfemail="82c3ecece3acd2acc5f7ebe6edc2eaf7e6ace5edf4">[email protected]</span></a> or telephone 202-402-5535. This is not a toll-free
number. Persons with hearing or speech impairments may access this
number through TTY by calling the toll-free Federal Relay Service at
(800) 877-8339. Copies of available documents submitted to OMB may be
obtained from Ms. Guido.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
Section A.
A. Overview of Information Collection
Title of Information Collection: Ginnie Mae Mortgage-Backed
Securities Programs Schedule of Subscribers and Ginnie Mae Guaranty
Agreement.
OMB Approval Number: 2503-0033.
New/Renewal: Renewal.
Form Number: HUD-11705.
The information needed by Ginnie Mae for the participation of
issuers/customers in its Mortgage-Backed Securities programs and to
monitor performance and compliance with established rules and
regulations.
Description of the need for the information and proposed use: This
form must be used by the issuer to submit pool or loan packages in
either an electronic format, a paper format, or manual import using
Single Family Pool Delivery Module (SFPDM) or GinnieNET. Ginnie Mae
Issuers will deliver pool and loan data in Extensible Markup Language
(XML) format based on MISMO Version 3.3. This new file format will
replace the existing GinnieNET Single Family Flat File Layout that is
currently submitted to Ginnie Mae, to better align with industry
standards. Each time the issuer issues a new security, it agrees that
the applicable Guaranty Agreement is in effect on the issue date of the
securities and that it will govern all of the issuer's outstanding pool
and loan packages, pooled mortgages, and securities whether created
under the Ginnie Mae I MBS program or the Ginnie Mae II MBS program.
The pool will vary as to the amount of each certificate, certificate
holder, and the number of certificates for each holder. The data
provided on this form is the basis for the preparation of the
securities issued under each Ginnie Mae MBS pool. Upon receipt of the
form, Bank of New York Mellon reviews the information submitted in
conjunction with other documentation required for the issuance of MBS
securities. The approval of this form enables the actual preparation of
the securities to be issued.
Title of Information Collection: Ginnie Mae Mortgage-Backed
Securities Programs Schedule of Pooled Mortgages.
OMB Approval Number: 2503-0033.
New/Renewal: Renewal.
Form Number: HUD-11706.
The information needed by Ginnie Mae for the participation of
issuers/customers in its Mortgage-Backed Securities programs and to
monitor performance and compliance with established rules and
regulations.
Description of the need for the information and proposed use: This
form is used by the issuers when using an electronic format, a paper
format or manual entry to submit pools to Ginnie Mae's pool processing
agent, Single Family Pool Delivery Module (SFPDM). By utilizing SFPDM,
Ginnie Mae Issuers will deliver pool and loan data in Extensible Markup
Language (XML) format based on MISMO Version 3.3. This new file format
will replace the existing GinnieNET Single Family Flat File Layout that
is currently submitted to Ginnie Mae, to be better aligned to industry
standards. The purpose of the Form HUD 11706 is to provide a means of
identifying and controlling the mortgages that collateralize the
designated MBS pools or loan packages. It provides a certification from
the document custodian that certain required mortgage documents are
being held by the document custodian on behalf of Ginnie Mae.
Title of Information Collection: Ginnie Mae Mortgage-Backed
Securities Programs Reporting and Feedback (RFS) Single Family Issuer
Monthly Payment Default Status (PDS) Loan Level Reporting.
OMB Approval Number: 2503-0033.
New/Renewal: New.
Form Number: Appendix VI-22.
The information needed by Ginnie Mae for the participation of
issuers/customers in its Mortgage-Backed Securities programs and to
monitor performance and compliance with established rules and
regulations.
Description of the need for the information and proposed use:
Ginnie Mae issuers are required to submit loan level data through a
separate Payment Default Status (PDS) record for all single-family
loans that are: delinquent as defined in the MBS Guide Chapter 18;
where the borrower is in bankruptcy whether or not the borrower is
current on loan payments; where the borrower is in forbearance whether
or not the borrower is current on loan payments; and/or the borrower is
current in mortgage payments and for which the Issuer is pursuing an
alternative to foreclosure (e.g., borrower is in imminent default),
other than bankruptcy or forbearance. The report, as outlined in the
MBS Guide Chapter 17, contains all applicable loans as of the close of
the month for which data is presented and must reconcile with the
monthly accounting report in the Reporting and Feedback System (RFS).
This loan level data ensures that Ginnie Mae gains granular insight
into the state of each Issuer's delinquent and defaulted loan
portfolios, which is used to identify those issuers who represent the
greatest risk of default, and thus future potential risk of financial
loss to Ginnie Mae.
[[Page 34897]]
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Estimated
Frequency Total Total Hourly annual
Form Appendix No. Title Number of of annual Hours per annual cost per cost to
respondents responses responses response hours response respondents
per year (issuers)
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11705........................ III-6.......... Schedule of 366.00 12.00 4,392.00 0.017 74.66 46.00 3,434.54
Subscribers
and Ginnie Mae
Guaranty
Agreement.
11706........................ III-7.......... Schedule of 366.00 12.00 4,392.00 0.083 364.54 46.00 16,768.66
Pooled
Mortgages.
Appendix VI-22. Reporting and 306.00 12.00 3,672.00 0.10 367.20 46.00 16,891.20
Feedback (RFS)
Single Family
Issuer Monthly
Payment
Default Status
(PDS) Loan
Level
Reporting.
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Total.................... ............... ............... ........... ........... ........... .......... 806.40 .......... 37,094.40
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B. Solicitation of Public Comment
This notice is soliciting 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 through 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.
Sam I. Valverde,
Executive Vice President & Chief Operating Officer.
[FR Doc. 2022-12351 Filed 6-7-22; 8:45 am]
BILLING CODE 4210-67-P
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