Federal Register - pages 23281 - 23282 - 30 day notice

23281

Federal Register / Vol. 78, No. 75 / Thursday, April 18, 2013 / Notices
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5686–N–01]

Notice of Proposed Information
Collection; Comment Request: Ginnie
Mae Multiclass Securities Program
Documents (Forms and Electronic
Data Submissions)
Office of the President of
Government National Mortgage
Association, HUD.
ACTION: Notice.
AGENCY:

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. HUD is soliciting public
comments on the subject proposal.
DATES: Comments Due Date: June 17,
2013.
SUMMARY:

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:
Colette Pollard, Q, Administrator
Support Specialist, Department of
Housing and Urban Development, 451
7th Street SW., Room 4160, Washington,
DC 20410; email:
[email protected]; telephone
(202) 708–0306, ext. 3400. This is not a
toll-free number. Copies of available
documents submitted to OMB may be
obtained from Ms. Pollard.
FOR FURTHER INFORMATION CONTACT:
Debra Murphy or Victoria Vargas,
Ginnie Mae, 451 7th Street SW., Room
B–133, Washington, DC 20410; emails—
[email protected]; telephone
(202) 475–4923 or
[email protected]; telephone—
(202) 475–6752. These are not toll-free
numbers); the Ginnie Mae Web site at
www.ginniemae.gov for other available
information.
ADDRESSES:

HUD will
submit the proposed information

SUPPLEMENTARY INFORMATION:

sroberts on DSK5SPTVN1PROD with NOTICES

Type of information collection

19:50 Apr 17, 2013

Number of
potential
sponsors

(Prepared by)

REMIC Securities:
OID/Prices Letter .....................
Final Structure Sheet ...............
Trust (REMIC) Agreement .......
Trust Opinion ...........................
MX Trust Agreement ...............
MX Trust Opinion ....................
RR Certificate ..........................
Sponsor Agreement .................
Table of Contents ....................
Issuance Statement .................

VerDate Mar<15>2010

collection to OMB for review, as
required by the Paperwork Reduction
Act of 1995 (44 U.S.C. Chapter 35, as
amended).
This Notice is soliciting comments
from members of the public and
affecting 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: Ginnie Mae
Multiclass Securities Program
Documents. (Forms and Electronic Data
Submissions).
OMB Control Number, if applicable:
2503–0030.
Description of the need for the
information and proposed use: This
information collection is required in
connection with the operation of the
Ginnie Mae Multiclass Securities
Program. Ginnie Mae’s authority to
guarantee multiclass instruments is
contained in 306(g)(1) of the National
Housing Act (‘‘NHA’’) (12 U.S.C.
1721(g)(1)), which authorizes Ginnie
Mae to guarantee ‘‘securities * * *
based on or backed by a trust or pool
composed of mortgages. * * *’’
Multiclass securities are backed by
Ginnie Mae securities, which are backed
by government insured or guaranteed
mortgages. Ginnie Mae’s authority to
operate a Multiclass Securities Program
is recognized in Section 3004 of the

Sponsor
Sponsor
Attorney
Attorney
Attorney
Attorney
Attorney
Attorney
Attorney
Attorney

Jkt 229001

..........................................
..........................................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................
for Sponsor ......................

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Fmt 4703

Omnibus Budget Reconciliation Act of
1993 (‘‘OBRA’’), which amended
306(g)(3) of the NHA (12 U.S.C.
1271(g)(3)) to provide Ginnie Mae with
greater flexibility for the Multiclass
Securities Program regarding fee
structure, contracting, industry
consultation, and program
implementation. Congress annually sets
Ginnie Mae’s commitment authority to
guarantee mortgage-backed securities
(‘‘MBS’’) pursuant to 306(G)(2) of the
NHA (12 U.S.C. 1271(g)(2)). Since the
multiclass are backed by Ginnie Mae
Single Class MBS, Ginnie Mae has
already guaranteed the collateral for the
multiclass instruments.
The Ginnie Mae Multiclass Securities
Program consists of Ginnie Mae Real
Estate Mortgage Investment Conduit
(‘‘REMIC’’) securities, Stripped
Mortgage-Backed Securities (‘‘SMBS’’),
and Platinum securities. The Multiclass
Securities program provides an
important adjunct to Ginnie Mae’s
secondary mortgage market activities,
allowing the private sector to combine
and restructure cash flows from Ginnie
Mae Single Class MBS into securities
that meet unique investor requirements
in connection with yield, maturity, and
call-option protection. The intent of the
Multiclass Securities Program is to
increase liquidity in the secondary
mortgage market and to attract new
sources of capital for federally insured
or guaranteed loans. Under this
program, Ginnie Mae guarantees, with
the full faith and credit of the United
States, the timely payment of principal
and interest on Ginnie Mae REMIC,
SMBS and Platinum securities.
Agency form numbers, if applicable:
Not applicable.
Members of affected public: For-profit
business (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:

Estimated
annual frequency per
respondent

15
15
15
15
15
15
15
15
15
15

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Total annual
responses

8
8
8
8
8
8
8
8
8
8

18APN1

120
120
120
120
120
120
120
120
120
120

Est.
average
hrly burden
0.5
3
1
4
0.16
4
0.08
0.05
0.33
0.5

Est.
annual
burden
hrs
60
360
120
480
19.2
480
9.6
6
39.6
60

23282

Federal Register / Vol. 78, No. 75 / Thursday, April 18, 2013 / Notices

Type of information collection

Estimated annual frequency
per respondent

Total annual
responses

Est. average hrly
burden

Est. annual burden hrs

Tax Opinion .............................
Transfer Affidavit .....................
Supplemental Statement .........
Final Data Statements (attached to closing letter).
Accountants’ Closing Letter .....
Accountants’ OCS Letter .........
Structuring Data .......................
Financial Statements ...............
Principal and Interest Factor
File Specifications.
Distribution Dates and Statement.
Term Sheet ..............................
New Issue File Layout .............
Flow of Funds ..........................
Trustee Receipt .......................

Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Accountant for Sponsor ..................

15
15
15
15

8
8
0.25
8

120
120
3.75
120

4
0.08
1
32

480
9.6
3.75
3840

Accountant ......................................
Accountant ......................................
Accountant ......................................
Accountant ......................................
Trustee ...........................................

15
15
15
15
15

8
8
8
8
8

120
120
120
120
120

8
8
8
1
16

960
960
960
120
1920

Trustee ...........................................

15

8

120

0.42

50.4

Accountant for Sponsor ..................
Trustee ...........................................
Attorney for Sponsor ......................
Attorney for Sponsor ......................

15
15
15
15

8
8
8
8

120
120
120
120

2
4
0.16
2

240
480
19.2
240

Subtotal ............................

.........................................................

....................

........................

2763.75

................

11917.35

Sponsor ..........................................
Sponsor ..........................................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Attorney for Sponsor ......................
Accountant for Sponsor ..................

10
10
10
10
10
10
10
10
10
10
10
10
10
10

1
1
1
1
1
1
1
1
1
1
1
1
0.25
1

10
10
10
10
10
10
10
10
10
10
10
10
2.5
10

0.5
3
1
4
0.16
4
0.08
0.05
0.33
0.5
4
0.08
1
32

5
30
10
40
1.6
40
0.8
0.5
3.3
5
40
0.8
2.5
320

Accountant ......................................
Accountant ......................................
Accountant ......................................
Accountant ......................................
Trustee ...........................................

10
10
10
10
10

1
1
1
1
1

10
10
10
10
10

8
8
8
1
16

80
80
80
10
160

Trustee ...........................................

10

1

10

0.42

4.2

Sponsor ..........................................
Trustee ...........................................
Attorney for Sponsor ......................
Attorney for Sponsor ......................

10
10
10
10

1
1
1
1

10
10
10
10

2
4
0.16
2

20
40
1.6
20

Subtotal ............................

.........................................................

....................

........................

232.5

................

995.3

Platinum Securities:
Deposit Agreement ..................
MBS Schedule .........................
New Issue File Layout .............
Principal and Interest Factor
File Specifications.

Depositor ........................................
Depositor ........................................
Depositor ........................................
Trustee ...........................................

19
19
19
19

10
10
10
10

190
190
190
190

1
0.16
4
16

190
30.4
760
3040

Subtotal ............................

.........................................................

....................

........................

760

................

4020.4

Re-

.........................................................

....................

........................

3756.25

................

................

Total Burden Hours ...

.........................................................

....................

........................

....................

................

16933.05

SMBS Securities:
OID/Prices Letter .....................
Final Structure Sheet ...............
Trust (REMIC) Agreement .......
Trust Opinion ...........................
MX Trust Agreement ...............
MX Trust Opinion ....................
RR Certificate ..........................
Sponsor Agreement .................
Table of Contents ....................
Issuance Statement .................
Tax Opinion .............................
Transfer Affidavit .....................
Supplemental Statement .........
Final Data Statements (attached to closing letter).
Accountants’ Closing Letter .....
Accountants’ OCS Letter .........
Structuring Data .......................
Financial Statements ...............
Principal and Interest Factor
File Specifications.
Distribution Dates and Statement.
Term Sheet ..............................
New Issue File Layout .............
Flow of Funds ..........................
Trustee Receipt .......................

Total
Annual
sponses.
sroberts on DSK5SPTVN1PROD with NOTICES

Number of
potential
sponsors

(Prepared by)

Calculation of Burden Hours
Sponsors × Frequency per Year =
Estimated Annual Frequency.

VerDate Mar<15>2010

18:54 Apr 17, 2013

Jkt 229001

Estimated Annual Frequency ×
Estimated Average Completion Time =
Estimated Annual Burden Hours.

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Status of the proposed information
collection: Reinstatement, with change,
of a previously approved collection.

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Federal Register / Vol. 78, No. 75 / Thursday, April 18, 2013 / Notices
Authority: Section 3506 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35
as amended.
Dated: April 10, 2013.
Mary K. Kinney,
Executive Vice President, Government
National Mortgage Association.
[FR Doc. 2013–09132 Filed 4–17–13; 8:45 am]
BILLING CODE 4210–67–P

DEPARTMENT OF THE INTERIOR
Office of the Secretary
[DLCAP000.000000–DX.10120]

Request for Nominations To Serve on
Board of Trustees for the Cobell
Education Scholarship Fund
Office of the Secretary, Interior.
Notice of reopening; request for
nominations.

AGENCY:
ACTION:

Pursuant to the Claims
Resolution Act of 2010, Public Law
111–291, 124 Stat. 3064, and the Class
Action Settlement Agreement
(‘‘Agreement’’), Cobell v. Salazar, the
Secretary of the Interior is reopening the
request for nominations of candidates to
serve on the Board of Trustees (‘‘Board’’)
for the Cobell Education Scholarship
Fund. The Board serves as an oversight
body to the American Indian College
Fund and must consist of no more than
five members that will include two
representatives selected by the Secretary
and two representatives selected by the
Plaintiff, and one representative
selected by the non-profit organization.
The Secretary will consider
nominations received within 30 days
after the publication of this notice. The
SUPPLEMENTARY INFORMATION section of
this notice provides additional
information.
SUMMARY:

Nominations must be received
on or before May 20, 2013. Assistant
Secretary—Indian Affairs Kevin K.
Washburn will be hosting a tribal leader
call on Monday, April 22, 2013 from
3:00 p.m.–4:00 p.m. to discuss the
duties and responsibilities of Board
members as well as any questions you
may have regarding nominations to the
Board. To participate on the call, please
dial 1–800–369–2020, passcode
5207626.

sroberts on DSK5SPTVN1PROD with NOTICES

DATES:

Please submit nominations
to Lizzie Marsters, Chief of Staff to the
Deputy Secretary, Department of the
Interior, 1849 C Street NW., Room 6118,
Washington, DC 20240 or email to
[email protected].

ADDRESSES:

FOR FURTHER INFORMATION CONTACT:

Lizzie Marsters, Chief of Staff to the

VerDate Mar<15>2010

18:54 Apr 17, 2013

Jkt 229001

Deputy Secretary, at
[email protected] or call 202–
219–7499.
SUPPLEMENTARY INFORMATION: The Board
of Trustees for the Cobell Education
Scholarship Fund is being established to
fulfill the requirements set forth in the
Claims Resolution Act of 2010, Public
Law 111–291, 124 Stat. 3064.
Specifically, the Claims Resolution Act
of 2010 states ‘‘the 2 members of the
special board of trustees to be selected
by the Secretary under paragraph G.3. of
the Settlement shall be selected only
after consultation with, and after
considering the names of possible
candidates timely offered by, federally
recognized Indian tribes.’’ Pursuant to
the Agreement, the Secretary is to select
one non-profit organization among those
entities nominated by the Plaintiffs to
administer the funds provided for in the
Agreement for the Cobell Education
Scholarship Fund and to establish a
Scholarship Program to provide
financial assistance to Native American
students to defray the cost of attendance
at both post-secondary vocational
schools and institutions of higher
education. On March 12, 2013, the
Secretary of the Interior announced the
American Indian College Fund as the
non-profit organization. The Board of
Trustees shall oversee the management
of the Cobell Education Scholarship
Fund. The Cobell Education
Scholarship Fund was created as an
incentive to participate in the Land BuyBack Program for Indian Nations (BuyBack Program), the $1.9 billion land
consolidation program authorized by
the Claims Resolution Act of 2010. The
Buy-Back Program contributes up to $60
million of the $1.9 billion to the Cobell
Education Scholarship Fund based on
the dollar amount of land purchased
through the Buy-Back Program. In
addition to the maximum $60 million
that can be contributed to the Fund, the
principal amount of any class member
funds in an IIM (Individual Indian
Monies) account, for which the
whereabouts are unknown and left
unclaimed for five years after Final
Approval of the Settlement, will be
transferred to the organization selected
to administer the Cobell Education
Scholarship Fund and will be governed
by the Board of Trustees. Similarly, any
leftover funds from the administration
of the Settlement Fund (after all
payments under the Settlement are
made) will be contributed towards the
Cobell Education Scholarship Fund.
Assistant Secretary—Indian Affairs
Kevin K. Washburn will be hosting a
tribal leader call on Monday, April 22,
2013 from 3:00 p.m.–4:00 p.m. to

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23283

discuss the duties and responsibilities
of Board members as well as any
questions you may have regarding
nominations to the Board. To participate
on the call, please dial 1–800–369–2020,
passcode 5207626.
Objective and Duties. The Board will
be responsible for the oversight and
supervision of the activities of the nonprofit organization. The duties of the
Board include, but are not limited to,
appointing an auditor to review the
finances and procedures of the
organization, approving policies and
objectives regarding the Cobell
Education Scholarship Fund and
Scholarship program, approving an
investment policy and approving
priorities and criteria for awarding
scholarships. The Board shall develop
and adopt a charter outlining the Board
of Trustees’ role and responsibilities
overseeing the non-profit organization
and the administration and management
of the Cobell Education Scholarship
Fund and the Scholarship Program. The
Board or Trustees shall be empowered
by majority vote to remove the funds
from the selected organization for any
reason, including mismanagement, and
to select a new entity.
Membership. The members of the
Board shall serve for an initial term of
four years and may be reappointed for
an unlimited number of successive
terms. A member may be removed for
cause by the appointing entity and any
vacancy shall be filled in the same
manner as the original appointment. No
member of the Board shall have had any
contracts to transact business with the
non-profit organization within a period
of two calendar years and will disclose
any appearance of a conflict of interest.
Members will serve without
compensation, but will be reimbursed
for reasonable travel expenses related to
the performance of their duties as
members of the Board.
Nomination Information. The best
boards are a mix of characteristics,
skills, experiences, and diversity.
Individuals who are nominated should
be prepared to contribute a significant
amount of time and effort to further the
goals of the scholarship fund; should
have demonstrated notable or
significant achievements in business,
finance, education or public service;
should possess the requisite
intelligence, education and experience
to make a significant contribution to the
Board; have the highest ethical
standards, free of significant conflicts of
interest that might not allow the proper
execution of the duties of a member of
the Board; and have a strong
commitment to serving the interests of
Native American students. Please send

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