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.
Appendix XI-06, Appendix XI-08, Appendix XI-09, Appendix III-21, Appendix VI-09, Appendix VI-02, Appendix VI-18, Appendix III-09, Appendix I-04, Appendix VIII-03, HUD-11714SN and Appendix VI-11, 11701 and Appendix I-1, 11700 and Appendix II-1, 11704 and Appendix II-2, 11709 and Appendix III-2, HUD-11702 and Appendix I-02, HUD-11732 and Appendix III-22, HUD-11714 and Appendix VI-10, 11709-A and Appendix I-6, 11708 and Appendix V-5, 11705 and Appendix III, Appendix III-14, 11706 and Appendix III-7, 11707 and Appendix III-1, 11715 and Appendix III-4, 11720 and Appendix III-3, 11711A and Appendix III-5, 11711B and Appendix III-5, Appendix III-13, Appendix IX-1, Appendix VII-1, Form 1710C and Appendix VI-13, Form 1710B and Appendix VI-12, Form 11710-A and Appendix VI-4, Form 11710-E and Appendix VI-4, Form 11710-D and Appendix VI-5, Appendix VI-19
The increase is due to the addition of four new data elements to the HUD Form 11706. New Data elements are as follows: First-time Homebuyer Indicator, Third-Party Origination Type, Upfront MIP Rate and Annual MIP Rate. The increase in the Annual Time Burden was result of a review of the Approximate time it takes to complete our forms (8 forms had their time adjusted). The Data Verification Form has also been removed from our Attachment A (this information is no longer being collected semiannually.
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.