LOAN LEVEL REPORTING FOR THE GNMA MORTGAGE-BACKED SECURITIES PROGRAM

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
144886	LOAN LEVEL REPORTING FOR THE GNMA MORTGAGE-BACKED SECURITIES PROGRAM	Migrated

ICR Details

OMB Control No: 2503-0026	ICR Reference No: 199005-2503-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: HUD/GNMA	Agency Tracking No:
Title: LOAN LEVEL REPORTING FOR THE GNMA MORTGAGE-BACKED SECURITIES PROGRAM
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/03/1990
	Date Received in OIRA: 05/03/1990
Terms of Clearance: We have approved this new reporting requirement for one year. We are concerned, however, that the memo dated March 15, 1990, from GNMA directing all program participants to submit these new data by July 15, 1990, does not appear to be a draft memo contingent on OMB approva of HUD collection of these data. In addition, there is no mention of any OMB control number, expiration date, or disclosure statement as required at 5 CFR 1320.21. If this memo was distributed or if HUD did collect these data, HUD has violated the Paperwork Reduction Act. By no later September 30, 1990, HUD shall respond in writing to this office as to the status of the March 15 letter and shall inform us as to whether a violation of the Paperwork Reduction Act has occurred. If a violation has occurred, HUD shall describe the precautions taken to prevent any further violations of this sort. In addition, when thi information collection is resubmitted for review in one year, HUD shal include an evaluation of the utility of the data in meeting the goals listed in Item 2 of the justification statement, and shall describe how these analyses have contributed to reducing Federal vulnerability to financial losses.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/1991	08/31/1991
Responses	3,800	0	0
Time Burden (Hours)	19,000	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: GNMA NEEDS TO COLLECT LOAN LEVEL DATA FROM ITS 900 PLUS ISSUERS TO PERFORM RISK ANALYSIS, COMPLIANCE MONITORING AND COST ANALYSES REGARDING ITS MBS PROGRAM.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
LOAN LEVEL REPORTING FOR THE GNMA MORTGAGE-BACKED SECURITIES PROGRAM

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	3,800	0	0	3,800	0	0
Annual Time Burden (Hours)	19,000	0	0	19,000	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 05/03/1990

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