ASMB SS #7 - 30-day Federal Register Notice (87 FR 30480 (5-19-22))

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Federal Register / Vol. 87, No. 97 / Thursday, May 19, 2022 / Notices
STATUS:

Lorraine Reddick, Designated Federal
Officer, Clean Air Act Advisory
Committee (6103A), Environmental
Protection Agency, 1200 Pennsylvania
Ave. NW, Washington, DC 20460;
telephone number: 202–564–1293;
email address: reddick.lorraine@
epa.gov. Additional information about
this meeting, the CAAAC, and its
subcommittees and workgroups can be
found on the CAAAC website: http://
www.epa.gov/caaac/.
SUPPLEMENTARY INFORMATION: Pursuant
to 5 U.S.C. App. 2 section 10(a)(2),
notice is hereby given that the Clean Air
Act Advisory Committee will hold its
next public meeting remotely/virtually
on Wednesday, June 15, 2022, 1:00 p.m.
to 4:00 p.m. (EST). In addition, the
CAAAC will hold the next hybrid
public meeting, in person at EPA
Headquarters, Washington, DC with a
virtual option on Tuesday, September
13, from 1:00 p.m. to 4:00 p.m. (EDT),
and Wednesday, September 14, 2022,
from approximately 9:00 a.m. to 12:00
p.m. (EDT).
The committee agenda and any
documents prepared for the meeting
will be publicly available on the
CAAAC website at http://www.epa.gov/
caaac/ prior to the meeting. Thereafter,
these documents, together with CAAAC
meeting minutes, will be available on
the CAAAC website or by contacting the
Office of Air and Radiation Docket and
requesting information under docket
EPA–HQ–OAR–2022–0429. The docket
office can be reached by email at: [email protected] or FAX: 202–566–
9744.
For information on access or services
for individuals with disabilities, please
contact Lorraine Reddick at
[email protected], preferably at
least 7 days prior to the meeting to give
EPA as much time as possible to process
your request.

MATTERS TO BE CONSIDERED:

Dated: May 13, 2022.
John Shoaff,
Director, Office of Air Policy and Program
Support, Office of Air and Radiation.
[FR Doc. 2022–10711 Filed 5–18–22; 8:45 am]
BILLING CODE 6560–50–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
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Closed.

FOR FURTHER INFORMATION CONTACT:

Sunshine Act Meeting
TIME AND DATE:

10:41 a.m. on Tuesday,

May 17, 2022.
The meeting was held in the
Board Room located on the sixth floor
of the FDIC Building located at 550 17th
Street NW, Washington, DC.

PLACE:

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In calling
the meeting, the Board determined, on
motion of Director Michael J. Hsu
(Acting Comptroller of the Currency),
seconded by Director Rohit Chopra
(Director, Consumer Financial
Protection Bureau), and concurred in by
Acting Chairman Martin J. Gruenberg,
that the public interest did not require
consideration of the matters in a
meeting open to public observation; and
that the matters could be considered in
a closed meeting by authority of
subsections (c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), and (c)(9)(B) of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b (c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), and (c)(9)(B).
CONTACT PERSON FOR MORE INFORMATION:
Requests for further information
concerning the meeting may be directed
to Debra A. Decker, Executive Secretary
of the Corporation, at 202–898–8748.
Dated this the 17th day of May, 2022.
Federal Deposit Insurance Corporation.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–10910 Filed 5–17–22; 4:15 pm]
BILLING CODE 6714–01–P

FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Tuesday, May 24, 2022
at 10:00 a.m. and its continuation at the
conclusion of the open meeting on May
26, 2022.
PLACE: 1050 First Street NE,
Washington, DC and virtual (this
meeting will be a hybrid meeting).
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED: Compliance
matters pursuant to 52 U.S.C. 30109.
Information the premature disclosure
of which would be likely to have a
considerable adverse effect on the
implementation of a proposed
Commission action.
Matters concerning participation in
civil actions or proceedings or
arbitration.
*
*
*
*
*
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
TIME AND DATE:

(Authority: Government in the Sunshine Act,
5 U.S.C. 552b)
Vicktoria J. Allen,
Acting Deputy Secretary of the Commission.
[FR Doc. 2022–10943 Filed 5–17–22; 4:15 pm]
BILLING CODE 6715–01–P

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FEDERAL HOUSING FINANCE
AGENCY
[No. 2022–N–5]

Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-Day notice of submission of
information collection for approval from
the Office of Management and Budget.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the
Federal Housing Finance Agency
(FHFA) is seeking public comments
concerning an information collection
known as the ‘‘American Survey of
Mortgage Borrowers (ASMB),’’ which
has been assigned control number 2590–
0015 by the Office of Management and
Budget (OMB). FHFA intends to submit
the information collection to OMB for
review and approval of a three-year
reinstatement of the control number,
which expired on March 31, 2021.
DATES: Interested persons may submit
comments on or before June 21, 2022.
ADDRESSES: Submit comments to the
Office of Information and Regulatory
Affairs of the Office of Management and
Budget, Attention: Desk Officer for the
Federal Housing Finance Agency,
Washington, DC 20503, Fax: (202) 395–
3047, Email: OIRA_submission@
omb.eop.gov. Please also submit
comments to FHFA, identified by
‘‘Proposed Collection; Comment
Request: ‘American Survey of Mortgage
Borrowers, (No. 2022–N–5)’ ’’ by any of
the following methods:
• Agency Website: www.fhfa.gov/
open-for-comment-or-input.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments. If
you submit your comment to the
Federal eRulemaking Portal, please also
send it by email to FHFA at
[email protected] to ensure
timely receipt by the agency.
• Mail/Hand Delivery: Federal
Housing Finance Agency, 400 Seventh
Street SW, Washington, DC 20219,
ATTENTION: Proposed Collection;
Comment Request: ‘‘American Survey of
Mortgage Borrowers, (No. 2022–N–5).’’
Please note that all mail sent to FHFA
via U.S. Mail is routed through a
national irradiation facility, a process
that may delay delivery by
approximately two weeks. For any timesensitive correspondence, please plan
accordingly.
We will post all public comments we
receive without change, including any
SUMMARY:

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personal information you provide, such
as your name and address, email
address, and telephone number, on the
FHFA website at http://www.fhfa.gov. In
addition, copies of all comments
received will be available for
examination by the public through the
electronic comment docket for this PRA
Notice also located on the FHFA
website.
FOR FURTHER INFORMATION CONTACT: Saty
Patrabansh, Manager, National Mortgage
Database Program, Saty.Patrabansh@
fhfa.gov, (202) 649–3213; or Angela
Supervielle, Counsel,
[email protected], (202) 649–
3973, (these are not toll-free numbers),
Federal Housing Finance Agency, 400
Seventh Street SW, Washington, DC
20219. For TTY/TRS users with hearing
and speech disabilities, dial 711 and ask
to be connected to any of the contact
numbers above.
SUPPLEMENTARY INFORMATION:
A. Background
The American Survey of Mortgage
Borrowers (ASMB) is a component of
the ‘‘National Mortgage Database’’
(NMDB®) Program, which is a joint
effort of FHFA and the Consumer
Financial Protection Bureau (CFPB)
(jointly, ‘‘the agencies’’). The NMDB
Program is designed to satisfy the
Congressionally-mandated requirements
of section 1324(c) of the Federal
Housing Enterprises Financial Safety
and Soundness Act.1 Section 1324(c)
requires that FHFA conduct a monthly
survey to collect data on the
characteristics of individual prime and
subprime mortgages, and on the
borrowers and properties associated
with those mortgages, in order to enable
it to prepare a detailed annual report on
the mortgage market activities of the
Federal National Mortgage Association
(Fannie Mae) and the Federal Home
Loan Mortgage Corporation (Freddie
Mac) for review by the appropriate
Congressional oversight committees.
Section 1324(c) also authorizes and
requires FHFA to compile a database of
otherwise unavailable residential
mortgage market information and to
make that information available to the
public in a timely fashion.
As a means of fulfilling those and
other statutory requirements, as well as
to support policymaking and research
regarding the residential mortgage
markets, FHFA and CFPB jointly
established the NMDB Program in 2012.
The Program is designed to provide
comprehensive information about the
U.S. mortgage market and has three
1 12

U.S.C. 4544(c).

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primary components: (1) The NMDB; (2)
the quarterly National Survey of
Mortgage Originations (NSMO); and (3)
the ASMB.
The NMDB is a de-identified loanlevel database of closed-end first-lien
residential mortgage loans that is
representative of the market as a whole,
contains detailed loan-level information
on the terms and performance of the
mortgages and the characteristics of the
associated borrowers and properties, is
continually updated, has an historical
component dating back to 1998, and
provides a sampling frame for surveys to
collect additional information. The core
data in the NMDB are drawn from a
random 1-in-20 sample of all closed-end
first-lien mortgages outstanding at any
time between January 1998 and the
present in the files of Experian, one of
the three national credit repositories,
with a random sample of mortgages
newly reported to Experian added each
quarter.
The NMDB draws additional
information on mortgages in the NMDB
datasets from other existing sources,
including Home Mortgage Disclosure
Act (HMDA) data that are maintained by
the Federal Financial Institutions
Examination Council (FFIEC), property
valuation models, and administrative
data files maintained by Fannie Mae
and Freddie Mac and by federal
agencies. FHFA also obtains data from
the two surveys conducted as part of the
program—the NSMO and the ASMB.
The NSMO is a quarterly survey that
provides critical and timely information
on newly-originated mortgages and
associated borrowers that are not
available from other sources, including:
The range of nontraditional and
subprime mortgage products being
offered, the methods by which these
mortgages are being marketed, and the
characteristics of borrowers for these
types of loans.2
While the NSMO provides
information on newly-originated
mortgages, the ASMB focuses on
borrowers’ experience with maintaining
their existing mortgages. This includes
their experience maintaining mortgages
under financial stress, their experience
in soliciting financial assistance, their
success in accessing federally sponsored
programs designed to assist them, and,
where applicable, any challenges they
may have had in terminating a mortgage
loan. The ASMB is designed to collect
information necessary to allow
empirical analysis of two questions of
vital importance to residential mortgage
2 OMB has cleared the NSMO under the PRA and
assigned it control no. 2590–0012, which expires on
June 30, 2023.

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market policymakers and stakeholders:
(1) What factors explain or predict
which borrowers will become
delinquent on their mortgages; and (2)
once a borrower becomes delinquent,
what factors explain or predict whether
the borrower will (a) become current on
the loan, (b) decide they cannot afford
the mortgage and sell the property or
modify the mortgage, or (c) remain
delinquent and enter into foreclosure.
From 2016 through 2018, the ASMB
questionnaire was sent once annually to
a stratified random sample of 10,000
borrowers with mortgages in the NMDB.
FHFA did not undertake the ASMB
during 2019, but sent the survey again
in the fall of 2020 with a specific focus
on the experiences of borrowers during
the COVID–19 pandemic using a
stratified random sample of 10,000
borrowers. The 2020 survey was
substantially similar to the 2018 survey,
except it included a number of
questions specifically relating to the
COVID–19 pandemic and its effects. In
2020, the ASMB had a 21 percent
overall response rate, which yielded
2,100 survey responses. The 2022
survey is similar to the 2020 survey in
its focus on how the pandemic impacted
borrowers and extends the focus to the
experiences of those who used
forbearance.
Seven completely new questions have
been added regarding expanded
mortgage payment forbearance options
and borrowers’ overall financial health.
Additionally, four questions were added
which were not in the 2020 ASMB, but
were in either the 2018 ASMB or the
current NSMO questionnaire. The
remaining questions existed in the 2020
questionnaire, although some have been
revised to address issues leaving
forbearance rather than issues entering
it. Because of the elimination of several
questions, as well as the combination of
some other questions, the total number
of questions has decreased from 92 on
the 2020 survey questionnaire to 86 on
the 2022 questionnaire.
Each of the 86 questions on the 2022
ASMB survey questionnaire is designed
to elicit one or more of five different
categories of information that are not
available in the administrative data and
that are needed either to properly
analyze the issues described above or
information is needed to validate the
survey responses. These categories are:
(1) Information needed to validate that
the survey reached the correct borrower
and that the borrower is providing
answers about the correct loan; (2)
information about the mortgage loan
that does not exist in sufficient detail in
the administrative data; (3) information
about the borrower’s economic

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circumstances that does not exist, or
exists in insufficient detail, in the
administrative data; (4) information
about the borrower’s attitudes regarding
their mortgage, property, interactions
with lenders and servicers, and life
circumstances; and (5) information
needed to determine the ultimate
outcome of the borrower’s forbearance
or delinquency and the interim steps
that led to that outcome.
B. Need for and Use of the Information
Collection
FHFA views the NMDB Program as a
whole, including the ASMB, as the
monthly ‘‘survey’’ required by section
1324(c) of the Safety and Soundness
Act. Core inputs to the NMDB, such as
a regular refresh of the credit repository
data, occur monthly, though the actual
surveys conducted under the NMDB
Program do not. The information
collected through the ASMB is used, in
combination with information obtained
from existing sources in the NMDB, to
assist FHFA in understanding how the
performance of existing mortgages is
influencing the residential mortgage
market, what borrower groups are
discussing with their servicers when
they are under financial stress, and
consumers’ opinions of federallysponsored programs designed to assist
them. This important, but otherwise
unavailable, information assists FHFA
in the supervision of its regulated
entities (Fannie Mae, Freddie Mac, and
the Federal Home Loan Banks) and in
the development and implementation of
appropriate and effective policies and
programs. The information may also be
used for research and analysis by CFPB
and other federal agencies that have
regulatory and supervisory
responsibilities and mandates related to
mortgage markets and to provide a
resource for research and analysis by
academics and other interested parties
outside of the government.
As discussed above, the agencies have
added to the 2022 ASMB survey
questionnaire several questions relating
to the effect of the COVID–19 pandemic
on home mortgage borrowers. The
CARES Act of 2020 3 allowed a
Aid, Relief, and Economic Security
Act, Public Law 116–136 (2020).

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3 Coronavirus

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forbearance for mortgage borrowers
impacted by the pandemic so they could
pause or delay their mortgage payments.
FHFA and CFPB are actively engaged in
monitoring the outcomes of these
borrowers and the effects of this policy
on the residential mortgage market. As
borrowers exit their forbearance periods,
it is critical for both agencies to have
timely access to this information to
assist in evidenced-based policymaking
in these areas.
FHFA is also seeking OMB approval
to continue to conduct cognitive pretesting of the survey materials. The
Agency uses information collected
through that process to assist in drafting
and modifying the survey questions and
instructions, as well as the related
communications, to read in the way that
will be most readily understood by the
survey respondents and that will be
most likely to elicit usable responses.
Such information is also used to help
the Agency decide on how best to
organize and format the survey
questionnaires.

FHFA has calculated the burden
estimates below as if all of the surveys
will be returned. Based on the reported
experience of respondents to earlier
ASMB questionnaires, FHFA estimates
that it will take each respondent 25
minutes to complete each survey,
including the gathering of necessary
materials to respond to the questions.
This results in a total annual burden
estimate of 4,200 hours for the survey
phase of this collection (1 survey per
year × 10,000 respondents per survey ×
25 minutes per respondent = 4,200
hours).

C. Burden Estimate
This information collection comprises
two components: (1) The ASMB survey;
and (2) the pre-testing of the survey
questionnaire and related materials
through the use of cognitive testing.
FHFA conducted the survey annually
from 2016 through 2018, but did not
conduct the survey in 2019 nor 2021.
FHFA assumes that it will conduct the
survey once annually over the next
three years and that it will conduct two
rounds of pre-testing on each year of
survey materials.
FHFA has analyzed the total hour
burden on members of the public
associated with conducting the survey
(4,200 hours) and with pre-testing the
survey materials (24 hours) and
estimates the total annual hour burden
imposed on the public by this
information collection to be 4,224
hours. The estimate for each phase of
the collection was calculated as follows:

D. Comment Request

I. Conducting the Survey
FHFA estimates that the ASMB
questionnaire will be sent to 10,000
recipients each time it is conducted.
Although it expects that only about
2,100 of those surveys will be returned,

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II. Pre-Testing the Materials
FHFA estimates that it will sponsor 2
rounds of 12 cognitive interviews prior
to conducting each annual survey for a
total of 24 cognitive interview
participants. It estimates the
participation time for each cognitive
interview participant to be one hour,
resulting in a total annual burden
estimate of 24 hours for the pre-testing
phase of the collection.
In accordance with the requirements
of 5 CFR 1320.8(d), FHFA published an
initial notice and request for public
comments regarding this information
collection in the Federal Register on
December 28, 2021.4 The 60-day
comment period closed on February 28,
2022. FHFA received no comments.
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) the accuracy of
FHFA’s estimates of the burdens of the
collection of information; (3) ways to
enhance the quality, utility, and clarity
of the information collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance
Agency.
BILLING CODE 8070–01–P
4 See

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BILLING CODE 8070–01–C

30-Day notice and request for
comments.

ACTION:

FMCS invites the general
public and other Federal Agencies to
take this opportunity to comment on the
surveys and other information FMCS
will collect to inform the process and
participants for its conflict prevention,
management, and resolution services
provided to Federal Agencies,
particularly public policy mediations

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SUMMARY:

FEDERAL MEDIATION AND
CONCILIATION SERVICE
Notice of Stakeholder Surveys for
Facilitation and Other Purposes
Federal Mediation and
Conciliation Service (FMCS).

AGENCY:

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and facilitations that include
participants external to the federal
government.
Comments must be submitted on
or before June 21, 2022.
ADDRESSES: You may submit comments
through one of the following methods:
• Email: [email protected].
• Mail: Stakeholder Survey
Comments c/o Sarah Cudahy, One
Independence Square, 250 E St. SW,
DATES:

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[FR Doc. 2022–10772 Filed 5–18–22; 8:45 am]