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.
⢠This is a revision of a currently approved collection.
⢠Number of Respondents:
Currently there are approximately 368 Ginnie Mae approved Issuers that are actively doing business in our programs. Approximately 356 of them are managing an active portfolio. The decrease in issuers is driven by the market where consolidations or deconsolidation happen.
⢠Explanation of change in burden hours:
The most significant change comes with the change to the hourly cost per response given that three years have passed since the last submission, employee hourly wage has been recalculated to match current market standards.
⢠Appendix VI-24 has been added to provide for reporting of liquidated loans in real time to more accuratly to fulfill our obligations to our investors in the event of a cyber attack or some other major event.
⢠Appendix VI-20 has been added to streamline the financial documents needed by Ginnie Mae to confirm the financial soundness of issuers and therefor the risk to the US Government.
⢠Appendix XI-01; XI-01A; XI-01B/ Request for Disaster Pass-through assistance; COVID pass through assistance (single family); COVID pass through assistance (Multi Family). These forms provide a standardized mechanism for mortgage-backed security (MBS) Issuers to request temporary liquidity assistance when facing shortfalls in principal and interest (P&I) payments due to extraordinary events, such as natural disasters or national emergencies.
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.