[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Pages 67791-67792]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21587]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7070-N-64]


30-Day Notice of Proposed Information Collection: Ginnie Mae 
Multiclass Securities Program Documents, OMB Control No.: 2503-0030

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

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for an additional 30 days of 
public comment.

DATES: Comments Due Date: November 1, 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/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested 
persons are also invited to submit comments regarding this proposal and 
comments should refer to the proposal by name and/or OMB Control Number 
and should be sent to: Anna Guido, Clearance Officer, REE, Department 
of Housing and Urban Development, 451 7th Street SW, Room 8210, 
Washington, DC 20410-5000; email <a href="/cdn-cgi/l/email-protection#1e4e7f6e7b6c69716c754c7b7a6b7d6a7771705f7d6a517878777d7b5e766b7a30797168"><span class="__cf_email__" data-cfemail="1e4e7f6e7b6c69716c754c7b7a6b7d6a7771705f7d6a517878777d7b5e766b7a30797168">[email protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Room 8210, Washington, DC 20410; phone number 202-402-5535 
or email: <a href="/cdn-cgi/l/email-protection#ecbc8d9c899e9b839e87be8988998f98858382ad8f98a38a8a858f89ac849988c28b839a"><span class="__cf_email__" data-cfemail="316150415443465e435a635455445245585e5f7052457e5757585254715944551f565e47">[email protected]</span></a>. This is not a toll-free 
number, 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.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for 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 May 4, 
2023 at 88 FR 28598.

A. Overview of Information Collection

    Title of Information Collection: Ginnie Mae Multiclass Securities 
Program.
    OMB Approval Number: 2503-0030.
    Type of Request: Revision of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: The 
Ginnie Mae Multiclass Securities program consists of Ginnie Mae Real 
Estate Mortgage Investment Conduit (``REMIC'') and Platinum. The 
Multiclass Securities program provides an important adjunct to Ginnie 
Mae's secondary mortgage market activities, allowing the private sector 
to combine and restructure cash flows from Ginnie Mae MBS into 
securities that meet unique investor requirements in connection with 
yield, maturity, and call-option protection. The Multiclass Securities 
program intends to increase liquidity in the secondary mortgage market 
and to attract new sources of capital for federally insured or 
guaranteed residential loans. Under this program, Ginnie Mae 
guarantees, with the full faith and credit of the United States, the 
timely payment of principal and interest on Ginnie Mae REMIC and 
Platinum. Ginnie Mae's powers are prescribed by Title III of the 
National Housing Act, as amended, 12 U.S.C. 1716, et seq.
    Respondents: Public.

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                                             Number of     Frequency of    Responses per    Burden hour    Annual burden    Hourly cost
         Information collection             respondents      response          annum       per response        hours       per response     Annual cost
A                                                      B               C               D               E               F               G               H
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Pricing Letter..........................              25              10             250             0.5             125          $45.56       $5,695.00
Structured Term Sheet...................              25              10             250               3             750           45.56       34,170.00
Trust (REMIC) Agreement.................              25              10             250               1             250           45.56       11,390.00
Trust Opinion...........................              25              10             250               4            1000           45.56       45,560.00
MX Trust Agreement......................              25              10             250            0.16              40           45.56        1,822.40
MX Trust Opinion........................              25              10             250               4            1000           45.56       45,560.00
RR Certificate..........................              25              10             250            0.08              20           45.56          911.20

[[Page 67792]]

 
Sponsor Agreement.......................              25              10             250            0.05            12.5           45.56          569.50
Table of Contents.......................              25              10             250            0.33            82.5           45.56        3,758.70
Issuance Statement......................              25              10             250            0.05            12.5           45.56          569.50
Tax Opinion.............................              25              10             250               4            1000           45.56       45,560.00
Transfer Affidavit......................              25              10             250            0.08              20           45.56          911.20
Supplemental Statement..................              25            0.25            6.25               1            6.25           45.56          284.75
Final Data Statements (attached to                    25              10             250              32            8000           45.56      364,480.00
 closing letter)........................
Accountants' Closing Letter.............              25              10             250               8            2000           45.56       91,120.00
Accountants' OSC Letter.................              25              10             250               8            2000           45.56       91,120.00
Structuring Data........................              25              10             250               8            2000           45.56       91,120.00
Financial Statements....................              25              10             250               1             250           45.56       11,390.00
Principal and Interest Factor File                    25              10             250              16            4000           45.56      182,240.00
 Specifications.........................
Distribution Dates and Statement........              25              10             250            0.42             105           45.56        4,783.80
Term Sheet..............................              25              10             250               2             500           45.56       22,780.00
New Issue File Layout...................              25              10             250               4            1000           45.56       45,560.00
Flow of Funds...........................              25              10             250            0.16              40           45.56        1,822.40
Trustee Receipt.........................              25              10             250               2             500           45.56       22,780.00
                                         ---------------------------------------------------------------------------------------------------------------
    Subtotal............................  ..............  ..............        5,756.25  ..............       24,713.75  ..............    1,125,958.45
Deposit Agreement.......................              70              10             700               1             700           45.56       31,892.00
MBS Schedule............................              70              10             700            0.16             112           45.56        5,102.72
New Issue File Layout...................              70              10             700               4           2,800           45.56      127,568.00
Principal and Interest Factor File                    70              10             700              16           11200           45.56      510,272.00
 Specifications.........................
                                         ---------------------------------------------------------------------------------------------------------------
    Subtotal............................  ..............  ..............           2,800  ..............       14,812.00  ..............      674,834.72
                                         ---------------------------------------------------------------------------------------------------------------
        Total Cost......................  ..............  ..............        8,556.25  ..............       39,525.75  ..............    1,800,793.17
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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 comments in response to 
these questions.

C. Authority

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

Anna P. Guido,
Department Reports Management Office, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2023-21587 Filed 9-29-23; 8:45 am]
BILLING CODE 4210-67-P


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