Notice2023-01700
30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1
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
January 27, 2023
Issuing agencies
Housing and Urban Development Department
Abstract
HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment.
Full Text
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<title>Federal Register, Volume 88 Issue 18 (Friday, January 27, 2023)</title>
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[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5367-5370]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01700]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7070-N-08; OMB Control No. 2503-0033]
30-Day Notice of Proposed Information Collection: Ginnie Mae
Mortgage-Backed Securities Guide 5500.3, Revision 1
AGENCY: Office of Policy Development and Research, Chief Data Officer,
HUD.
ACTION: Notice.
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SUMMARY: HUD has submitted the proposed information collection
requirement described below to the Office of Management and Budget
(OMB) for review, in accordance with the Paperwork Reduction Act. The
purpose of this notice is to allow for an additional 30 days of public
comment.
DATES: Comments Due Date: February 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 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/Start">www.reginfo.gov/public/do/Start</a> Printed Page
15501PRAMain. Find this particular information collection by selecting
``Currently under 30-day Review--Open for Public Comments'' or by using
the search function.
FOR FURTHER INFORMATION CONTACT: Anna Guido, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Anna Guido at
<a href="/cdn-cgi/l/email-protection#2c6d42424d027c026b594548436c445948024b435a"><span class="__cf_email__" data-cfemail="82c3ecece3acd2acc5f7ebe6edc2eaf7e6ace5edf4">[email protected]</span></a> telephone 202-402-5535 for Anna. 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>. Copies of available documents
submitted to OMB may be obtained from Ms. Guido.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has
submitted to OMB a request for approval of the information collection
described in Section A. The Federal Register notice that solicited
public comment on the information collection for a period of 60 days
was published on June 8, 2022 at 87 FR 34896.
A. Overview of Information Collection
Title of Information Collection: Revision of a currently approved
collection.
OMB Approval Number: 2503-0033.
Type of Request: Revisions of currently approved collection.
Form Number: HUD-11705; HUD-1106 and Appendix VI-22 are the only
forms getting updated.
Description of the need for the information and proposed use: This
is a revision of a currently approved collection. Number of
Respondents: Currently there are approximately 423 Ginnie Mae approved
Issuers that are actively doing business in our programs. Approximately
368 of them are managing an active portfolio. Explanation of change in
burden hours: The most significant change comes with the change to the
hourly cost per response given that three years have passed since the
last submission, employee hourly wage has been recalculated to match
current market standards.
<bullet> Addition of appendix VI-22/Reporting and Feedback (RFS)
Single Family Issuer Monthly Payment Default Status (PDS) Loan Level
Reporting.
<bullet> File format change to form HUD 11705/Appendix III-6/
Schedule of Subscribers and Ginnie Mae Guaranty Agreement from Single
Family Flat File Layout that is currently submitted to Ginnie Mae to
Extensible Markup Language (XML) format based on MISMO Version 3.3.
[[Page 5368]]
<bullet> File format change to form HUD 11706/Appendix III-7/
Schedule of Pooled Mortgages from Single Family Flat File Layout that
is currently submitted to Ginnie Mae to Extensible Markup Language
(XML) format based on MISMO Version 3.3.
Respondents (describe):
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Estimated
Number of Frequency of Total Hours per Total Hourly annual cost to
Form Appendix No. Title respondents responses per annual response annual cost per respondents
year responses hours response (issuers)
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11700................................... II-1...................... Letter of Transmittal for 360.00 4.00 1,440.00 0.05 72.00 45.56 3,280.32
Commitment Authority and/
or Pool Numbers.
11701................................... I-1....................... Application for Approval 15.00 1.00 15.00 3.00 45.00 45.56 2,050.20
Ginnie Mae Mortgage-
Backed Securities Issuer.
11702................................... I-2....................... Resolution of Board of 423.00 1.00 423.00 0.80 338.40 45.56 15,417.50
Directors and Certificate
of Authorized Signatures.
11703-II................................ I-7....................... Master Agreement for 17.00 1.00 17.00 0.80 13.60 45.56 619.62
Participation Accounting.
11704................................... II-2...................... Commitment to Guaranty 360.00 4.00 1,440.00 0.05 72.00 45.56 3,280.32
Mortgage-Backed
Securities.
11707................................... III-1..................... Master Servicing Agreement 423.00 1.00 423.00 0.10 42.30 45.56 1,927.19
11709................................... III-2..................... Master Agreement for 423.00 1.00 423.00 0.10 42.30 45.56 1,927.19
Servicer's Principal and
Interest Custodial
Account.
11715................................... III-4..................... Master Custodial Agreement 423.00 1.00 423.00 0.12 50.76 45.56 2,312.63
11720................................... III-3..................... Master Agreement for 3,428.00 1.00 3,428.00 0.10 342.80 45.56 15,617.97
Servicer's Escrow
Custodial Account.
11732................................... III-22.................... Custodian's Certification 55.00 1.00 55.00 0.10 5.50 45.56 250.58
for Construction
Securities.
VI-20..................... Electronic Submission of 423.00 1.00 423.00 1.00 423.00 45.56 19,271.88
Issuers' Insurance and
Annual Audited Financial
Documents.
11750................................... .......................... Mortgage Bankers Financial 360.00 4.00 1,440.00 0.60 864.00 45.56 39,363.84
Reporting Form.
11709-A................................. I-6....................... ACH Debit Authorization... 423.00 1.00 423.00 0.12 50.76 45.56 2,312.63
11710 D................................. VI-5...................... Issuer's Monthly Summary 360.00 12.00 4,320.00 0.08 345.60 45.56 15,745.54
Reports.
VI-21..................... HMBS issuer's Monthly 16.00 12.00 192.00 0.08 15.36 45.56 699.80
Summary Report.
III-13.................... Electronic Data 15.00 1.00 15.00 0.12 1.80 45.56 82.01
Interchange System
Agreement.
I-4....................... Cross Default Agreement... 5.00 1.00 5.00 2.00 10.00 45.56 455.60
VI-18..................... WHFIT Reporting........... 360.00 4.00 1,440.00 0.48 691.20 45.56 31,491.07
III-29.................... System Access Forms....... 277.00 1.00 277.00 2.00 554.00 45.56 25,240.24
VIII-1.................... Ginnie Mae Acknowledgement 15.00 1.00 15.00 40.00 600.00 45.56 27,336.00
Agreement an Accompanying
Documents Pledge of
Servicing.
VI-14..................... Multifamily Prepayment 40.00 12.00 480.00 0.18 86.40 45.56 3,936.38
Penalty Record File
Layout.
VI-16..................... Quarterly Custodial 360.00 4.00 1,440.00 0.60 864.00 45.56 39,363.84
Account Verification
Record File Layout.
VI-17..................... HMBS Issuer Pooling & 16.00 12.00 192.00 4.00 768.00 45.56 34,990.08
Reporting Specification
for Mortgage-Backed
Securities Administration
Agent.
VI-19..................... Reporting and Feedback 361.00 12.00 4,332.00 4.00 17,328.00 45.56 789,463.68
(RFS) Issuer Monthly
Report of Pool and Loan
Data.
[[Page 5369]]
VI-22..................... Reporting and Feedback 306 12 3,672.00 0.20 734.4 45.56 33,459.26
(RFS) Single Family
Payment Default Status
(PDS) Loan Level
Reporting.
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The burden for the items listed below is based on volume and/or number of requests
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11705................................... III-6..................... Schedule of Subscribers 366.00 12.00 4,392.00 0.03 131.76 45.56 6,002.99
and Ginnie Mae Guaranty
Agreement.
11706................................... III-7..................... Schedule of Pooled 366.00 12.00 4,392.00 0.08 351.36 45.56 16,007.96
Mortgages.
11705 H, 11706 H........................ III-28.................... Schedule of Subscribers 74.00 12.00 888.00 0.05 44.40 45.56 2,022.86
and Ginnie Mae Guaranty
Agreement--HMBS Pooling
Import File Layout.
V-5....................... Document Release Request.. 3,181.00 1.00 3,181.00 0.05 159.05 45.56 7,246.32
XI-6, XI-8, XI-9.......... SSCRA Loan Eligibility 1,350.00 4.00 5,400.00 0.12 648.00 45.56 29,522.88
Information Solders' and
Sailors' Quarterly
Reimbursement Request
SSCRA Eligibility and
Reimbursement Files.
11711A and 11711B....................... III-5..................... Release of Security 5,591.00 12.00 67,092.00 0.18 12,076.56 45.56 550,208.07
Interest and
Certification and
Agreement.
11714................................... VI-10..................... Issuer's Monthly 3,975.00 12.00 47,700.00 0.10 4,770.00 45.56 217,321.20
Remittance Advice
Issuer's Monthly Serial
Note Remittance Advice.
11714SN................................. VI-11..................... Issuer's Monthly 3,975.00 12.00 47,700.00 0.10 4,770.00 45.56 217,321.20
Remittance Advice
Issuer's Monthly Serial
Note Remittance Advice.
VI-2...................... Letter for Loan Repurchase 360.00 12.00 4,320.00 0.15 648.00 45.56 29,522.88
III-21.................... Certification Requirements 322.00 1.00 322.00 0.12 38.64 45.56 1,760.44
for the Pooling of
Multifamily Mature Loan
Program.
VI-9...................... Request for Reimbursement 8.00 12.00 96.00 0.30 28.80 45.56 1,312.13
of Mortgage Insurance
Claim Costs for
Multifamily Loans.
VI-19..................... Reporting and Feedback 306.00 12.00 3,672.00 0.10 367.20 45.56 16,891.20
(RFS) Single Family
Issuer Monthly Payment
Default Status (PDS) Loan
Level Reporting.
VIII-3.................... Assignment Agreements..... 220.00 1.00 220.00 0.48 105.60 45.56 4,811.14
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Total............................... .......................... .......................... ........... Varies 216,128.000 Varies 48,500.55 .......... $2,209,685.06
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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.
(5) ways to minimize the burden of the collection of information on
those who are to respond, including the use of automated collection
techniques or other forms of information technology.
HUD encourages interested parties to submit comment in response to
these questions.
[[Page 5370]]
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Anna Guido,
Department Reports Management Officer, Office of the Chief Information
Officer.
[FR Doc. 2023-01700 Filed 1-26-23; 8:45 am]
BILLING CODE 4210-67-P
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