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 Department of Housing and Urban Development [Docket No. FR-5379-N-01]
 AGENCY: Office of the President of Government National Mortgage Association (Ginnie Mae), HUD.
 ACTION: Notice.
 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 Date:*
                         April 5, 2010.
 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: Leroy McKinney, Jr., QDAM, Information Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 800a, Washington, DC 20410; e-mail 
                        *Leroy.McKinney.jr@hud.gov;*
                         telephone (202) 708-5564. This is not a toll-free number. Copies  of available documents submitted to OMB may be obtained from Ms. McKinney.
 FOR FURTHER INFORMATION CONTACT: Victoria Vargas, Ginnie Mae, 451 7th Street, SW., Room B-133, Washington, DC 20410; e-mail—
                        *Victoria_Vargas@hud.gov;*
                         telephone—(202) 475-6752; fax—(202) 485-0225 (this is not a toll-free number); the Ginnie Mae Web site at 
                        *http://www.ginniemae.gov*
                         for other available information.


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). *This 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:*
                     Ginnie Mae Multiclass Securities Program Documents. (Forms and Electronic Data Submissions). *OMB Control Number, if applicable:*
                     2503-0017. *Description of the need for the information and proposed use:*
                     This information collection is required in connection with the operation of the Ginnie Mae Multiclass Securities program. Ginnie Mae's authority to guarantee multiclass instruments is contained in 306(g)(1) of the National Housing Act (“NHA”) (12 U.S.C. 
                    ( print page 5337)
                    1721(g)(1)), which authorizes Ginnie Mae to guarantee “securities * * * based on or backed by a trust or pool composed of mortgages. * * *” Multiclass securities are backed by Ginnie Mae securities, which are backed by government insured or guaranteed mortgages. Ginnie Mae's authority to operate a Multiclass Securities program is recognized in Section 3004 of the Omnibus Budget Reconciliation Act of 1993 (“OBRA”), which amended 306(g)(3) of the NHA (12 U.S.C. 1271(g)(3)) to provide Ginnie Mae with greater flexibility for the Multiclass Securities program regarding fee structure, contracting, industry consultation, and program implementation. Congress annually sets Ginnie Mae's commitment authority to guarantee mortgage-backed (“MBS”) pursuant to 306(G)(2) of the NHA (12 U.S.C. 1271(g)(2)). Since the multiclass are backed by Ginnie Mae Single Class MBS, Ginnie Mae has already guaranteed the collateral for the multiclass instruments. The Ginnie Mae Multiclass Securities Program consists of Ginnie Mae Real Estate Mortgage Investment Conduit (“REMIC”) securities, Stripped Mortgage-Backed Securities (“SMBS”), and Platinum securities. 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 Single Class MBS into securities that meet unique investor requirements in connection with yield, maturity, and call-option protection. The intent of the Multiclass Securities program is to increase liquidity in the secondary mortgage market and to attract new sources of capital for federally insured or guaranteed 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, SMBS and Platinum securities. *Agency form numbers, if applicable:*
                     Not applicable. *Members of affected public:*
                     For-profit business (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:* Type of information
                             collection
(Prepared by)
Number of 
                             potential  
                             sponsors
Estimated 
                             annual frequency per 
                             respondent
Total annual 
                             responses
Est. average hrly burden
Est. annual 
                             burden hrs**REMIC Securities**OID/Prices Letter
Sponsor
15
8
120
0.5
60Final Structure Sheet
Sponsor
15
8
120
3
360Trust (REMIC) Agreement
Attorney for Sponsor
15
8
120
1
120Trust Opinion
Attorney for Sponsor
15
8
120
4
480MX Trust Agreement
Attorney for Sponsor
15
8
120
0.16
19.2MX Trust Opinion
Attorney for Sponsor
15
8
120
4
480RR Certificate
Attorney for Sponsor
15
8
120
0.08
9.6Sponsor Agreement
Attorney for Sponsor
15
8
120
0.05
6Table of Contents
Attorney for Sponsor
15
8
120
0.33
39.6Issuance Statement
Attorney for Sponsor
15
8
120
0.5
60Tax Opinion
Attorney for Sponsor
15
8
120
4
480Transfer Affidavit
Attorney for Sponsor
15
8
120
0.08
9.6Supplemental Statement
Attorney for Sponsor
15
0.25
3.75
1
3.75Final Data Statements (attached to closing letter)
Accountant for Sponsor
15
8
120
32
3,840Accountants' Closing Letter
Accountant
15
8
120
8
960Accountants' OCS Letter
Accountant
15
8
120
8
960Structuring Data
Accountant
15
8
120
8
960Financial Statements
Accountant
15
8
120
1
120Principal and Interest Factor File Specifications
Trustee
15
8
120
16
1,920Distribution Dates and Statement
Trustee
15
8
120
0.42
50.4Term Sheet
Accountant for Sponsor
15
8
120
2
240New Issue File Layout
Trustee
15
8
120
4
480Flow of Funds
Attorney for Sponsor
15
8
120
0.16
19.2Trustee Receipt
Attorney for Sponsor
15
8
120
2
240Total



2,763.75

11,917.35**SMBS Securities**OID/Prices Letter
Sponsor
10
1
10
0.5
5Final Structure Sheet
Sponsor
10
1
10
3
30Trust (REMIC) Agreement
Attorney for Sponsor
10
1
10
1
10Trust Opinion
Attorney for Sponsor
10
1
10
4
40MX Trust Agreement
Attorney for Sponsor
10
1
10
0.16
1.6MX Trust Opinion
Attorney for Sponsor
10
1
10
4
40RR Certificate
Attorney for Sponsor
10
1
10
0.08
0.8Sponsor Agreement
Attorney for Sponsor
10
1
10
0.05
0.5( print page 5338)Table of Contents
Attorney for Sponsor
10
1
10
0.33
3.3Issuance Statement
Attorney for Sponsor
10
1
10
0.5
5Tax Opinion
Attorney for Sponsor
10
1
10
4
40Transfer Affidavit
Attorney for Sponsor
10
1
10
0.08
0.8Supplemental Statement
Attorney for Sponsor
10
0.25
2.5
1
2.5Final Data Statements (attached to closing letter)
Accountant for Sponsor
10
1
10
32
320Accountants' Closing Letter
Accountant
10
1
10
8
80Accountants' OCS Letter
Accountant
10
1
10
8
80Structuring Data
Accountant
10
1
10
8
80Financial Statements
Accountant
10
1
10
1
10Principal and Interest Factor File Specifications
Trustee
10
1
10
16
160Distribution Dates and Statement
Trustee
10
1
10
0.42
4.2Term Sheet
Sponsor
10
1
10
2
20New Issue File Layout
Trustee
10
1
10
4
40Flow of Funds
Attorney for Sponsor
10
1
10
0.16
1.6Trustee Receipt
Attorney for Sponsor
10
1
10
2
20Total



232.5

995.3**Platinum Securities**Deposit Agreement
Depositor
19
10
190
1
190MBS Schedule
Depositor
19
10
190
0.16
30.4New Issue File Layout
Depositor
19
10
190
4
760Principal and Interest Factor File Specifications
Trustee
19
10
190
16
3,040Total



760

4,020.4Total Burden Hours





16,933.05
 *Calculation of Burden Hours:* Sponsors × Frequency per Year = Estimated Annual Frequency. Estimated Annual Frequency × Estimated Average Completion Time = Estimated Annual Burden Hours. Status of the proposed information collection: Reinstatement, with change, of a previously approved collection. Authority:
                    Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35 as amended. Dated: January 26, 2010. Mary K. Kinney, Executive Vice President, Government National Mortgage Association.


[FR Doc. 2010-2111 Filed 2-1-10; 8:45 am] BILLING CODE 4210-67-P