[Federal Register Volume 64, Number 112 (Friday, June 11, 1999)]
[Notices]
[Pages 31601-31602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14922]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4447-N-1]
Proposed Information Collection: Comment Request; Commitment To
Guarantee Mortgage-Backed Securities
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
[[Page 31602]]
review, as required by the Paperwork Reduction Act. The Department is
soliciting public comments on the subject proposal.
DATES: Comments due date: August 10, 1999.
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 and 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: Commitment to Guarantee Mortgage-Backed
Securities.
OMB Control Number, if applicable: 2503-0001.
Description of the need for the information and proposed use: This
form is used by Mortgage-Backed Securities issuers to apply for Ginnie
Mae commitment authority to guarantee mortgage-backed securities.
Agency form numbers, if applicable: HUD Form 11704.
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 Hours of
Respondents response response*
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Form 11704................................................... 625 4 624
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*.25 hrs x 625 issuers = 156 hrs.
*156 hrs x 4 requests per yr. = 624 hrs annually.
Status of the proposed information collection: Extension of a
currently approved collection.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: June 2, 1999.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 99-14922 Filed 6-10-99; 8:45 am]
BILLING CODE 4210-01-M
