[Federal Register Volume 63, Number 210 (Friday, October 30, 1998)]
[Notices]
[Pages 58410-58411]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29066]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4375-N-04]
Notice of Proposed Information Collection: Comment Request
AGENCY: Office of the President of Government National Mortgage
Association (Ginnie Mae), HUD.
ACTION: Notice.
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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: December 29, 1998.
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: Sonya Suarez, Office of Policy,
Planning and Risk Management, Department of Housing & Urban
Development, 451--7th Street, SW, Room 6226, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Sonya Suarez, Ginnie Mae, (202) 708-2772 (this is not a toll-free
number) for copies of the proposed forms and other available documents.
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).
The Notice is soliciting comments from members of the public and
affected 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.
This Notice also lists the following information:
Title of Proposal: Quarterly Loan Level Reporting
OMB Control Number, if applicable: 2503-0026
Description of the need for the information and proposed use: The
Quarterly Loan Level Reporting data is necessary to monitor the risk of
over $500 billion of federally insured mortgage-backed securities. The
collection of loan level data gives management a more complete
understanding of the nature and trend of Ginnie Mae's portfolio of
securities, as well as a more detailed understanding of each of the
individual issuer portfolios.
Agency form numbers, if applicable: not applicable
Members of affected public: For-profit businesses (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:
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Frequency of Total annual
Respondents response responses Total hours
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Ginnie Mae Issuers.......................... 396 4 1,584 6,336
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Status of the proposed information collection: This is a
reinstatement of a previously approved collection of information for
which approval has expired.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: October 22, 1998.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 98-29066 Filed 10-29-98; 8:45 am]
BILLING CODE 4210-01-M
