2023-01700. 30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1  

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    AGENCY:

    Office of Policy Development and Research, Chief Data Officer, HUD.

    ACTION:

    Notice.

    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 www.reginfo.gov/​public/​do/​Start 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.

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    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 Anna.P.Guido@hud.gov 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 https://www.fcc.gov/​consumers/​guides/​telecommunications-relay-service-trs. Copies of available documents submitted to OMB may be obtained from Ms. Guido.

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    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.

    • Addition of appendix VI-22/Reporting and Feedback (RFS) Single Family Issuer Monthly Payment Default Status (PDS) Loan Level Reporting.

    • 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. Start Printed Page 5368

    • 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):

    FormAppendix No.TitleNumber of respondentsFrequency of responses per yearTotal annual responsesHours per responseTotal annual hoursHourly cost per responseEstimated annual cost to respondents (issuers)
    11700II-1Letter of Transmittal for Commitment Authority and/or Pool Numbers360.004.001,440.000.0572.0045.563,280.32
    11701I-1Application for Approval Ginnie Mae Mortgage-Backed Securities Issuer15.001.0015.003.0045.0045.562,050.20
    11702I-2Resolution of Board of Directors and Certificate of Authorized Signatures423.001.00423.000.80338.4045.5615,417.50
    11703-III-7Master Agreement for Participation Accounting17.001.0017.000.8013.6045.56619.62
    11704II-2Commitment to Guaranty Mortgage-Backed Securities360.004.001,440.000.0572.0045.563,280.32
    11707III-1Master Servicing Agreement423.001.00423.000.1042.3045.561,927.19
    11709III-2Master Agreement for Servicer's Principal and Interest Custodial Account423.001.00423.000.1042.3045.561,927.19
    11715III-4Master Custodial Agreement423.001.00423.000.1250.7645.562,312.63
    11720III-3Master Agreement for Servicer's Escrow Custodial Account3,428.001.003,428.000.10342.8045.5615,617.97
    11732III-22Custodian's Certification for Construction Securities55.001.0055.000.105.5045.56250.58
    VI-20Electronic Submission of Issuers' Insurance and Annual Audited Financial Documents423.001.00423.001.00423.0045.5619,271.88
    11750Mortgage Bankers Financial Reporting Form360.004.001,440.000.60864.0045.5639,363.84
    11709-AI-6ACH Debit Authorization423.001.00423.000.1250.7645.562,312.63
    11710 DVI-5Issuer's Monthly Summary Reports360.0012.004,320.000.08345.6045.5615,745.54
    VI-21HMBS issuer's Monthly Summary Report16.0012.00192.000.0815.3645.56699.80
    III-13Electronic Data Interchange System Agreement15.001.0015.000.121.8045.5682.01
    I-4Cross Default Agreement5.001.005.002.0010.0045.56455.60
    VI-18WHFIT Reporting360.004.001,440.000.48691.2045.5631,491.07
    III-29System Access Forms277.001.00277.002.00554.0045.5625,240.24
    VIII-1Ginnie Mae Acknowledgement Agreement an Accompanying Documents Pledge of Servicing15.001.0015.0040.00600.0045.5627,336.00
    VI-14Multifamily Prepayment Penalty Record File Layout40.0012.00480.000.1886.4045.563,936.38
    VI-16Quarterly Custodial Account Verification Record File Layout360.004.001,440.000.60864.0045.5639,363.84
    VI-17HMBS Issuer Pooling & Reporting Specification for Mortgage-Backed Securities Administration Agent16.0012.00192.004.00768.0045.5634,990.08
    VI-19Reporting and Feedback (RFS) Issuer Monthly Report of Pool and Loan Data361.0012.004,332.004.0017,328.0045.56789,463.68
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    VI-22Reporting and Feedback (RFS) Single Family Payment Default Status (PDS) Loan Level Reporting306123,672.000.20734.445.5633,459.26
    The burden for the items listed below is based on volume and/or number of requests
    11705III-6Schedule of Subscribers and Ginnie Mae Guaranty Agreement366.0012.004,392.000.03131.7645.566,002.99
    11706III-7Schedule of Pooled Mortgages366.0012.004,392.000.08351.3645.5616,007.96
    11705 H, 11706 HIII-28Schedule of Subscribers and Ginnie Mae Guaranty Agreement—HMBS Pooling Import File Layout74.0012.00888.000.0544.4045.562,022.86
    V-5Document Release Request3,181.001.003,181.000.05159.0545.567,246.32
    XI-6, XI-8, XI-9SSCRA Loan Eligibility Information Solders' and Sailors' Quarterly Reimbursement Request SSCRA Eligibility and Reimbursement Files1,350.004.005,400.000.12648.0045.5629,522.88
    11711A and 11711BIII-5Release of Security Interest and Certification and Agreement5,591.0012.0067,092.000.1812,076.5645.56550,208.07
    11714VI-10Issuer's Monthly Remittance Advice Issuer's Monthly Serial Note Remittance Advice3,975.0012.0047,700.000.104,770.0045.56217,321.20
    11714SNVI-11Issuer's Monthly Remittance Advice Issuer's Monthly Serial Note Remittance Advice3,975.0012.0047,700.000.104,770.0045.56217,321.20
    VI-2Letter for Loan Repurchase360.0012.004,320.000.15648.0045.5629,522.88
    III-21Certification Requirements for the Pooling of Multifamily Mature Loan Program322.001.00322.000.1238.6445.561,760.44
    VI-9Request for Reimbursement of Mortgage Insurance Claim Costs for Multifamily Loans8.0012.0096.000.3028.8045.561,312.13
    VI-19Reporting and Feedback (RFS) Single Family Issuer Monthly Payment Default Status (PDS) Loan Level Reporting306.0012.003,672.000.10367.2045.5616,891.20
    VIII-3Assignment Agreements220.001.00220.000.48105.6045.564,811.14
    TotalVaries216,128.000Varies48,500.55$2,209,685.06

    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. Start Printed Page 5370

    C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35.

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    Anna Guido,

    Department Reports Management Officer, Office of the Chief Information Officer.

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    [FR Doc. 2023-01700 Filed 1-26-23; 8:45 am]

    BILLING CODE 4210-67-P

Document Information

Published:
01/27/2023
Department:
Housing and Urban Development Department
Entry Type:
Notice
Action:
Notice.
Document Number:
2023-01700
Dates:
Comments Due Date: February 27, 2023.
Pages:
5367-5370 (4 pages)
Docket Numbers:
Docket No. FR-7070-N-08, OMB Control No. 2503-0033
PDF File:
2023-01700.pdf
Supporting Documents:
» FR–7070–N–08 30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1
» FR-7055-N-01 60-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Programs; OMB Control No.: 2503–0033
» FR-7011-N-44 30-Day Notice of Proposed Information collection: Ginnie Mae Mortgage- Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions) (OMB# 2503–0033)
» FR-7020-N-01 60-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage- Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)
» FR-7001-N-66 30-Day Notice of Proposed Information Collection: Certification of Consistency With Promise Zone Goals and Implementation
» FR–5909–N–62 30- Day Notice of Proposed Information Collection: Ginnie Mae Multiclass Securities Program Documents Forms and Electronic Data Submissions
» FR–5912–N–01 60-Day Notice of Proposed Information Collection Ginnie Mae Multiclass Securities Program Documents (Forms and Electronic Data Submissions)
» FR–5909–N–28 30- Day Notice of Proposed Information Collection: Ginnie Mae Mortgage- Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)
» FR–5834–N–01 60 Day Notice of Proposed Information Collection; Ginnie Mae Mortgage Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)
» FR–5831–N–08 Agency Information Collection Activities; Proposals, Submissions, and Approvals: Ginnie Mae Mortgage-Backed Securities Guide