Federal Register #2503-0034

HUD Seeks Public Comment on Ginnie Mae Digital Collateral Program Information Collection

The Department of Housing and Urban Development (HUD), through its Office of Policy Development and Research, is requesting public comment on an information collection for the Ginnie Mae Digital Collateral Program. - No procurement of products or services is involved; this is a request for public input - No Original Equipment Manufacturers (OEMs) or commercial vendors are mentioned - The information collection is designed to ensure that eIssuers and eCustodians: - Have the necessary knowledge and experience to manage eMortgages - Possess the technological capability to safeguard eMortgage documents - Forms referenced: - eIssuer Application (HUD11701A) - eCustodian Application (HUD11701B) - The request is part of the Paperwork Reduction Act process to obtain OMB approval - HUD is seeking feedback from the public to inform the approval process

Description

The Department of Housing and Urban Development (HUD) is seeking approval from the Office of Management and Budget (OMB) for the information collection related to the Ginnie Mae Digital Collateral Program. This program permits the securitization of mortgage loans where the note is an eligible electronic note (eNote). The information collection aims to verify that eIssuers and eCustodians have the necessary knowledge, experience, and technological capability to manage eMortgages and safeguard eMortgage documents. HUD is requesting public comments for 30 days to inform the approval process under the Paperwork Reduction Act.

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