Notice2023-01495
60-Day Notice of Proposed Information Collection: Ginnie Mae Digital Collateral Program, OMB Control No.: 2503-0034
Primary source
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Published
January 26, 2023
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 88 Issue 17 (Thursday, January 26, 2023)</title>
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[Federal Register Volume 88, Number 17 (Thursday, January 26, 2023)]
[Notices]
[Pages 5034-5035]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01495]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7069-N-01]
60-Day Notice of Proposed Information Collection: Ginnie Mae
Digital Collateral Program, OMB Control No.: 2503-0034
AGENCY: Government National Mortgage Association (Ginnie Mae), 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: Comments Due Date: March 27, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection should be sent within 60 days of publication of
this notice to <a href="/cdn-cgi/l/email-protection#b2fdfbe0f3edc1c7d0dfdbc1c1dbdddcf2dddfd09cd7ddc29cd5ddc4"><span class="__cf_email__" data-cfemail="eda2a4bfacb29e988f80849e9e848283ad82808fc388829dc38a829b">[email protected]</span></a>, <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information collection by selecting
``Currently under 60-day Review--Open for Public Comments'' or by using
the search function, and Interested persons are also invited to submit
comments regarding this proposal and comments should refer to the
proposal by name and/or OMB Control Number and should be sent to: Anna
Guido, Clearance Officer, REE, Department of
[[Page 5035]]
Housing and Urban Development, 451 7th Street SW, Room 8210,
Washington, DC 20410-5000; telephone 202-402-5535 (this is not a toll-
free number) or email at <a href="/cdn-cgi/l/email-protection#175679797639473950627e7378577f627339707861"><span class="__cf_email__" data-cfemail="2f6e41414e017f01685a464b406f475a4b01484059">[email protected]</span></a> for a copy of the
proposed forms or other available information. HUD welcomes and is
prepared to receive calls from individuals who are deaf or hard of
hearing, as well as individuals with speech or communication
disabilities. To learn more about how to make an accessible telephone
call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
FOR FURTHER INFORMATION CONTACT: Anna Guido Department of Housing and
Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410;
telephone 202-402-5535, (this is not a toll-free number). HUD welcomes
and is prepared to receive calls from individuals who are deaf or hard
of hearing, as well as individuals with speech and communication
disabilities. To learn more about how to make an accessible telephone
call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
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 Digital Collateral
Program.
OMB Approval Number: 2503-0034.
Type of Request: Revision of a currently approved collection.
Form Number: HUD-11701A; HUD-11701B; HUD-11708SI.
Description of the need for the information and proposed use:
Adapting to the needs of the industry, Ginnie Mae is permittinh the
securitization of mortgage loans where the note is an eligible eNote.
The forms in this request are new forms that are necessary due to the
unique requirements of managing eNotes and eMortgages. This collection
permits Ginnie Mae to verify: (1) that eIssuers and eMortgages have the
specialized knowledge and experience to participate; (2) that eIssuers
and eCustodians have the technological capability to service eMortgages
and safeguard eMortgage documents; (3) the name and location of the
entities responsible for the various Ginnie Mae accounts and eMortgage
documents, and (4) those entities that are responsible for servicing
the eMortgages that back the Ginnie Mae pools. Ginnie Mae needs this
information to mitigate risk and evaluate its business operations,
procedures and programs, and assist lenders in processing borrower
requests more efficiently. Ginnie Mae also requires the collection of
information to ensure that there are no deficiencies, which could
affect the pass through of securities to its investors.
Based upon feedback received about the eIssuer Application form
(HUD-11701A), we have revised the instructions. The only revision is to
the form's instructions which now address subservicing by the eIssuer
Applicant.
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Burden Annual Hourly
Information collection Number of respondents Frequency of Responses hour per burden cost per Annual
response per annum response hours response cost
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eIssuer Application (HUD-11701A)............ 20................................... 1 20 .5 10 $32 $320
eCustodian Application (HUD-11701B)......... 5.................................... 1 5 .5 2.5 32 80
Request for Release of Secured Party (HUD- Est. Volume.......................... 1 300 .05 15 32 480
11808SI). 300..................................
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Total................................... Varies............................... 1 325 Varies 27.5 32 880
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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. 2023-01495 Filed 1-25-23; 8:45 am]
BILLING CODE 4210-67-P
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