[Federal Register Volume 86, Number 9 (Thursday, January 14, 2021)]
[Notices]
[Pages 3174-3175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00692]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6238-D-01]


Consolidated Delegation of Authority for the Government National 
Mortgage Association (Ginnie Mae)

AGENCY: Office of the Secretary, HUD.

ACTION: Notice of Delegation of Authority.

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SUMMARY: This notice is issued to consolidate the authorities delegated 
from the Secretary to the President, Principal Executive Vice 
President, Executive Vice President and Chief Operating Officer, and 
Executive Vice President of Policy of the Government National Mortgage 
Association (Ginnie Mae).

DATES: Applicability Date: January 11, 2021.

FOR FURTHER INFORMATION CONTACT: Senior Vice President and Chief Risk 
Officer, Office of Enterprise Risk, Government National Mortgage 
Association, Department of Housing and Urban Development; Capitol View, 
425 3rd Street, SW, 4th Floor; Washington, DC 20024; telephone number 
202-475-4918 (this is not a toll-free number). Persons with hearing- or 
speech-impairments may access this number through TTY by calling the 
Federal Relay Service at 1-800-877-8339 (this is a toll-free number).

SUPPLEMENTARY INFORMATION: Ginnie Mae is a wholly owned U.S. Government 
corporation within the Department of Housing and Urban Development. 
Ginnie Mae's organic statute vests all the powers and duties of Ginnie 
Mae in the Secretary of HUD (12 U.S.C. 1723).
    In Ginnie Mae's bylaws, the Secretary has delegated all the powers 
and duties of Ginnie Mae that were vested in the Secretary to Ginnie 
Mae. In previous Federal Register notices, the Secretary has delegated 
authority over Ginnie Mae to the Ginnie Mae President. Specifically, 
the Secretary has delegated: (1) All the Secretary's authority with 
respect to managing Ginnie Mae and Ginnie Mae's programs pursuant to 
title III of the National Housing Act (12 U.S.C. 1723 and 68 FR 41840); 
(2) Authority to waive regulations issued by the U.S. Department of 
Housing and Urban Development (73 FR 76674); (3) Authority to impose 
suspensions and debarments, with the concurrence of the General Counsel 
or his or her designee (54 FR 4913 and 63 FR 57133); and (4) The power 
to affix HUD's seal and authenticate documents (68 FR 41840).
    This notice consolidates the functions that the Secretary has 
delegated to the

[[Page 3175]]

Ginnie Mae President, while also delegating certain concurrent 
authority to Ginnie Mae's Principal Executive Vice President, Executive 
Vice President and Chief Operating Officer, and Executive Vice 
President of Policy. While the Secretary has delegated authority to 
these individuals, the Secretary retains authority under 12 U.S.C. 
1723.

Section A. Consolidation of Authority Delegated

    The Secretary hereby concurrently delegates authority to the 
President, the Principal Executive Vice President, Executive Vice 
President and Chief Operating Officer, and Executive Vice President of 
Policy of Ginnie Mae the following:
    1. All powers and duties of Ginnie Mae, which are by law vested in 
the Secretary, except as otherwise provided in the Ginnie Mae bylaws 
(12 U.S.C. 1723; 24 CFR part 310, section 1.02; Bylaws of the 
Government National Mortgage Association, posted at www.ginniemae.gov);
    2. All authority of the Secretary with respect to the management of 
Ginnie Mae and Ginnie Mae programs pursuant to title III of the 
National Housing Act (12 U.S.C. 1723; 68 FR 41840);
    3. The power to impose suspensions and debarments, with the 
concurrence of the General Counsel (Section 7(d), Department of Housing 
and Urban Development Act, 42 U.S.C. 3535(d); 54 FR 4913; 63 FR 57133); 
and
    4. The authority to authenticate documents and affix the seal of 
HUD to documents (68 FR 41840).
    The Secretary hereby delegates authority to the President of Ginnie 
Mae the power to waive HUD regulations (Section 7(q), Department of 
Housing and Urban Development Act, 42 U.S.C. 3535(q); 73 FR 76674).

Section B. Authority to Redelegate

    The Ginnie Mae President, Ginnie Mae Principal Executive Vice 
President, Ginnie Mae Executive Vice President and Chief Operating 
Officer, and Ginnie Mae Executive Vice President of Policy may 
redelegate the authorities delegated by the Secretary, except for the 
authority to waive HUD regulations. The authority to waive HUD 
regulations is reserved for the Ginnie Mae President, pursuant to the 
Department of Housing and Urban Development Act (42 U.S.C. 3535(q)), 
and may not be redelegated. However, if the Ginnie Mae President is 
absent from office then Ginnie Mae's Principal Executive Vice 
President, Executive Vice President and Chief Operating Officer, 
Executive Vice President of Policy, or other persons authorized to act 
in the President's absence may exercise the waiver authority of the 
President consistent with HUD's policies and procedures (73 FR 76674 
and 66 FR 13944).

Section C. Authority Superseded

    This delegation of authority supersedes all previous delegations of 
authority and redelegations of authority for Ginnie Mae, including the 
delegation of authority published in the Federal Register on January 
18, 2018 (83 FR 2660). The Secretary may revoke the authority 
authorized herein, in whole or part, at any time.

Section D. Actions Ratified

    The Secretary hereby ratifies all actions previously taken by the 
Ginnie Mae President, Ginnie Mae Principal Executive Vice President, 
Ginnie Mae Executive Vice President and Chief Operating Officer, and 
Ginnie Mae Executive Vice President of Policy that are consistent with 
the delegations of authority provided in this notice.

    Authority: Section 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)); 24 CFR part 310; Bylaws of the 
Government National Mortgage Association, posted at 
www.ginniemae.gov.

Benjamin S. Carson, Sr.,
Secretary.
[FR Doc. 2021-00692 Filed 1-13-21; 8:45 am]
BILLING CODE 4210-67-P