OMB appreciates that HUD is updating their burden estimates to make them more. This collection should be resubmitted with a complete answer to Supporting Statement A.12. This collection should be resubmitted as an extension of a previously approved collection and the agency should budget this burden change to agency estimate.
Inventory as of this Action
Requested
Previously Approved
12/31/2013
36 Months From Approved
12/31/2013
495,260
0
495,260
76,492
0
76,492
0
0
0
The information collected is needed by Ginnie Mae for the participation of issuers/customers in its Mortgage-Backed Securities programs and to monitor performance and compliance with established rules and regulations.
The change is due to a reassessment of the volume of responses and the frequency of responses per year. Originally the burden calculation was based on the number of participants. However, the size of our participants varies greatly. There are issuers with very large portfolios and others with relatively small portfolios. Part of Ginnie Mae's collection is participant driven an the other is volume driven. This distinction was made clear in the Federal Register Notice. Therefore the total burden has increased significantly, however it is more accurate reflection.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.