[Federal Register: October 30, 1998 (Volume 63, Number 210)]
[Notices]               
[Page 58410-58411]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30oc98-105]

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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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[[Page 58411]]

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