80_FR_72316 80 FR 72094 - Notice of Single Family Loan Sales (SFLS 2016-1)

80 FR 72094 - Notice of Single Family Loan Sales (SFLS 2016-1)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 222 (November 18, 2015)

Page Range72094-72095
FR Document2015-29486

This notice announces HUD's intention to competitively sell certain unsubsidized single family mortgage loans, in a sealed bid sale offering called SFLS 2016-1, without Federal Housing Administration (FHA) mortgage insurance. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the first sale offering of Fiscal Year (FY) 2016 and the sale will be held on November 18, 2015.

Federal Register, Volume 80 Issue 222 (Wednesday, November 18, 2015)
[Federal Register Volume 80, Number 222 (Wednesday, November 18, 2015)]
[Notices]
[Pages 72094-72095]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29486]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5903-N-01]


Notice of Single Family Loan Sales (SFLS 2016-1)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice of sales of mortgage loans.

-----------------------------------------------------------------------

SUMMARY: This notice announces HUD's intention to competitively sell 
certain unsubsidized single family mortgage loans, in a sealed bid sale 
offering called SFLS 2016-1, without Federal Housing Administration 
(FHA) mortgage insurance. This notice also generally describes the 
bidding process for the sale and certain persons who are ineligible to 
bid. This is the first sale offering of Fiscal Year (FY) 2016 and the 
sale will be held on November 18, 2015.

DATES: For this sale action, the Bidder's Information Package (BIP) was 
made available to qualified bidders on October 21, 2015. Bids for the 
2016-1 sale will be accepted on the Bid Date of November 18, 2015 (Bid 
Date). HUD anticipates that award(s) will be made on or about November 
19, 2015 (the Award Date).

ADDRESSES: To become a qualified bidder and receive the BIP, 
prospective bidders must complete, execute, and submit a 
Confidentiality Agreement and a Qualification Statement acceptable to 
HUD. Both documents are available via the HUD Web site at: http://www.hud.gov/sfloansales or via: http://www.verdiassetsales.com.
    Please mail and fax executed documents to Verdi Consulting, Inc.: 
Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 
22102, Attention: HUD SFLS Loan Sale Coordinator, Fax: 1-703-584-7790.

FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales 
Office, Room 3136, Department of Housing and Urban Development, 451 
Seventh Street SW., Washington, DC 20410-8000; telephone 202-708-2625, 
extension 3927. Hearing- or speech-impaired individuals may call 202-
708-4594 (TTY). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 
2016-1 certain unsubsidized non-performing mortgage loans (Mortgage 
Loans) secured by single family properties located throughout the 
United States. A listing of the Mortgage Loans is included in the due 
diligence materials made available to qualified bidders. The Mortgage 
Loans will be sold without FHA insurance and with servicing released. 
HUD will offer qualified bidders an opportunity to bid competitively on 
the Mortgage Loans.
    The Loans will be offered in two pool types. The Department will 
offer national loan pools for bid and will also offer regionally-based 
pools, with additional purchaser requirements, that are called the 
Neighborhood Stabilization Outcome pools. Three of these Neighborhood 
Stabilization Outcome pools will be designated for bidding by qualified 
non-profit or unit of local government entities only. These pools are 
located in Tampa, Florida, Chicago, Illinois, and the state of 
Massachusetts.

The Bidding Process

    The BIP describes in detail the procedure for bidding in SFLS 2016-
1. The BIP also includes a standardized non-negotiable Conveyance, 
Assignment and Assumption Agreement (CAA Agreement). Qualified bidders 
will be required to submit a deposit with their bid. Deposits are 
calculated based upon each qualified bidder's aggregate bid price.
    HUD will evaluate the bids submitted and determine the successful 
bid, in terms of the best value to HUD, in its sole and absolute 
discretion. If a qualified bidder is successful, the qualified bidder's 
deposit will be non-refundable and will be applied toward the purchase 
price. Deposits will be returned to unsuccessful bidders.
    This notice provides some of the basic terms of sale. The CAA 
Agreement, which is included in the BIP, provides comprehensive 
contractual terms and conditions. To ensure a competitive bidding 
process, the terms of the bidding process and the CAA Agreement are not 
subject to negotiation.

Due Diligence Review

    The BIP describes how qualified bidders may access the due 
diligence materials remotely via a high-speed Internet connection.

Mortgage Loan Sale Policy

    HUD reserves the right to remove Mortgage Loans from SFLS 2016-1 at 
any time prior to the Award Date. HUD also reserves the right to reject 
any and all bids, in whole or in part, and include any Mortgage Loans 
in a later sale. Deliveries of Mortgage Loans will occur in at least 
two monthly settlements and the number of Mortgage Loans delivered will 
vary depending upon the number of Mortgage Loans the Participating 
Servicers have submitted for the payment of an FHA insurance claim. The 
Participating Servicers will not be able to submit claims on loans that 
are not included in the Mortgage Loan Portfolio set forth in the BIP. 
There can be no assurance that any Participating Servicer will deliver 
a minimum number of Mortgage Loans to HUD or that a minimum number of 
Mortgage Loans will be delivered to the Purchaser.
    The SFLS 2016-1 Mortgage Loans are assigned to HUD pursuant to 
section 204(a)(1)(A) of the National Housing Act as amended under Title 
VI of the Departments of Veterans Affairs and Housing and Urban 
Development and Independent Agencies Appropriations Act, 1999. The sale 
of the Mortgage Loans is pursuant to section 204(g) of the National 
Housing Act.

Mortgage Loan Sale Procedure

    HUD selected an open competitive whole-loan sale as the method to 
sell the Mortgage Loans for this specific sale transaction. For SFLS 
2016-1, HUD has determined that this method of sale optimizes HUD's 
return on the sale of these Mortgage Loans, affords the greatest 
opportunity for all qualified bidders to bid on the Mortgage Loans, and 
provides the quickest and most efficient vehicle for HUD to dispose of 
the Mortgage Loans.

Bidder Ineligibility

    In order to bid in SFLS 2016-1 as a qualified bidder, a prospective 
bidder must complete, execute and submit both a Confidentiality 
Agreement and a Qualification Statement acceptable to HUD and 
applicable to the loan pool being purchased. In the Qualification 
Statement, the prospective bidder must provide certain representations 
and warranties regarding (i) a prospective bidder, (ii) a prospective 
bidder's board of directors, (iii) a prospective bidder's direct 
parent, (iii) a prospective bidder's subsidiaries, and (iv) any related 
entity with which the prospective bidder shares a common officer, 
director,

[[Page 72095]]

subcontractor or sub-contractor who has access to Confidential 
Information as defined in the Confidentiality Agreement or is involved 
in the formation of a bid transaction (``Related Entities''), and (v) a 
prospective bidder's repurchase lenders. The prospective bidder is 
ineligible to bid on any of the Mortgage Loans included in SFLS if the 
prospective bidder, its Related Entities or its repurchase lenders, is 
any of the following, unless other exceptions apply as provided for the 
in Qualification Statement.
    1. An individual or entity that is currently debarred, suspended, 
or excluded from doing business with HUD pursuant to the Governmentwide 
Suspension and Debarment regulations at 2 CFR parts 180 and 2424;
    2. An individual or entity that is currently suspended, debarred or 
otherwise restricted by any department or agency of the federal 
government or of a state government from doing business with such 
department or agency;
    3. An individual or entity that is currently debarred, suspended, 
or excluded from doing mortgage related business, including having a 
business license suspended, surrendered or revoked, by any federal, 
state or local government agency, division or department;
    4. An entity that has had its right to act as a Government National 
Mortgage Association (``Ginnie Mae'') issuer terminated and its 
interest in mortgages backing Ginnie Mae mortgage-backed securities 
extinguished by Ginnie Mae;
    5. An individual or entity that is in violation of its neighborhood 
stabilizing outcome obligations or post-sale reporting requirements 
under a Conveyance, Assignment and Assumption Agreement executed for a 
past sale;
    6. An employee of HUD's Office of Housing, a member of such 
employee's household, or an entity owned or controlled by any such 
employee or member of such an employee's household with household to be 
inclusive of the employee's father, mother, stepfather, stepmother, 
brother, sister, stepbrother, stepsister, son, daughter, stepson, 
stepdaughter, grandparent, grandson, granddaughter, father-in-law, 
mother-in-law, brother-in-law, sister-in-law, son-in-law, daughter-in-
law, first cousin, the spouse of any of the foregoing, and the 
employee's spouse;
    7. A contractor, subcontractor and/or consultant or advisor 
(including any agent, employee, partner, director, or principal of any 
of the foregoing) who performed services for or on behalf of HUD in 
connection with the sale;
    8. An individual or entity that knowingly acquired or will acquire 
prior to the sale date material non-public information, other than that 
information which is made available to Bidder by HUD pursuant to the 
terms of this Qualification Statement, about Mortgage Loans offered in 
the sale;
    9. An individual or entity that knowingly uses the services, 
directly or indirectly, of any person or entity ineligible under 1 
through 11 to assist in preparing any of its bids on the Mortgage 
Loans;
    10. An individual or entity which knowingly employs or uses the 
services of an employee of HUD's Office of Housing (other than in such 
employee's official capacity); or
    11. A Participating Servicer that contributed Mortgage Loans to a 
pool on which the Bidder is placing a bid.
    The Qualification Statement has additional representations and 
warranties which the prospective bidder must make, including but not 
limited to the representation and warranty that the prospective bidder 
or its Related Entities are not and will not knowingly use the 
services, directly or indirectly, of any person or entity that is, any 
of the following (and to the extent that any such individual or entity 
would prevent Bidder from making the following representations, such 
individual or entity has been removed from participation in all 
activities related to this sale and has no ability to influence or 
control individuals involved in formation of a bid for this sale):
    (1) An entity or individual is ineligible to bid on any included 
Mortgage Loan or on the pool containing such Mortgage Loan because it 
is an entity or individual that:
    (a) serviced or held any Mortgage Loan at any time during the two-
year period prior to the bid, or
    (b) is any principal of any entity or individual described in the 
preceding sentence;
    (c) any employee or subcontractor of such entity or individual 
during that two-year period; or
    (d) any entity or individual that employs or uses the services of 
any other entity or individual described in this paragraph in preparing 
its bid on such Mortgage Loan.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding SFLS 2016-1, including, but not limited 
to, the identity of any successful qualified bidder and its bid price 
or bid percentage for any pool of loans or individual loan, upon the 
closing of the sale of all the Mortgage Loans. Even if HUD elects not 
to publicly disclose any information relating to SFLS 2016-1, HUD will 
disclose any information that HUD is obligated to disclose pursuant to 
the Freedom of Information Act and all regulations promulgated 
thereunder.

Scope of Notice

    This notice applies to SFLS 2016-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: November 10, 2015.
Genger Charles,
General Deputy, Assistant Secretary for Housing.
[FR Doc. 2015-29486 Filed 11-17-15; 8:45 am]
 BILLING CODE 4210-67-P



                                                    72094                    Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices

                                                      Estimated Time per Respondent: 0.17                   Room 3136, Department of Housing and                  materials remotely via a high-speed
                                                    hours.                                                  Urban Development, 451 Seventh Street                 Internet connection.
                                                      Total Burden Hours: 40 hours.                         SW., Washington, DC 20410–8000;
                                                                                                                                                                  Mortgage Loan Sale Policy
                                                      Total Burden Cost (capital/startup):                  telephone 202–708–2625, extension
                                                    $34,600.                                                3927. Hearing- or speech-impaired                        HUD reserves the right to remove
                                                      Total Recordkeeping Burden: $0.                       individuals may call 202–708–4594                     Mortgage Loans from SFLS 2016–1 at
                                                      Total Burden Cost: $37,000.                           (TTY). These are not toll-free numbers.               any time prior to the Award Date. HUD
                                                                                                            SUPPLEMENTARY INFORMATION: HUD                        also reserves the right to reject any and
                                                      Dated: October 30, 2015.
                                                                                                            announces its intention to sell in SFLS               all bids, in whole or in part, and include
                                                    Scott Libby,                                                                                                  any Mortgage Loans in a later sale.
                                                                                                            2016–1 certain unsubsidized non-
                                                    Deputy Chief Information Officer, National                                                                    Deliveries of Mortgage Loans will occur
                                                    Protection and Programs Directorate,                    performing mortgage loans (Mortgage
                                                                                                            Loans) secured by single family                       in at least two monthly settlements and
                                                    Department of Homeland Security.
                                                                                                            properties located throughout the                     the number of Mortgage Loans delivered
                                                    [FR Doc. 2015–29457 Filed 11–17–15; 8:45 am]                                                                  will vary depending upon the number of
                                                                                                            United States. A listing of the Mortgage
                                                    BILLING CODE 9110–9P–P
                                                                                                            Loans is included in the due diligence                Mortgage Loans the Participating
                                                                                                            materials made available to qualified                 Servicers have submitted for the
                                                                                                            bidders. The Mortgage Loans will be                   payment of an FHA insurance claim.
                                                    DEPARTMENT OF HOUSING AND                               sold without FHA insurance and with                   The Participating Servicers will not be
                                                    URBAN DEVELOPMENT                                       servicing released. HUD will offer                    able to submit claims on loans that are
                                                                                                            qualified bidders an opportunity to bid               not included in the Mortgage Loan
                                                    [Docket No. FR–5903–N–01]
                                                                                                            competitively on the Mortgage Loans.                  Portfolio set forth in the BIP. There can
                                                    Notice of Single Family Loan Sales                         The Loans will be offered in two pool              be no assurance that any Participating
                                                    (SFLS 2016–1)                                           types. The Department will offer                      Servicer will deliver a minimum
                                                                                                            national loan pools for bid and will also             number of Mortgage Loans to HUD or
                                                    AGENCY:  Office of the Assistant                        offer regionally-based pools, with                    that a minimum number of Mortgage
                                                    Secretary for Housing—Federal Housing                   additional purchaser requirements, that               Loans will be delivered to the
                                                    Commissioner, HUD.                                      are called the Neighborhood                           Purchaser.
                                                    ACTION: Notice of sales of mortgage                     Stabilization Outcome pools. Three of                    The SFLS 2016–1 Mortgage Loans are
                                                    loans.                                                  these Neighborhood Stabilization                      assigned to HUD pursuant to section
                                                                                                            Outcome pools will be designated for                  204(a)(1)(A) of the National Housing Act
                                                    SUMMARY:   This notice announces HUD’s                  bidding by qualified non-profit or unit               as amended under Title VI of the
                                                    intention to competitively sell certain                 of local government entities only. These              Departments of Veterans Affairs and
                                                    unsubsidized single family mortgage                     pools are located in Tampa, Florida,                  Housing and Urban Development and
                                                    loans, in a sealed bid sale offering called             Chicago, Illinois, and the state of                   Independent Agencies Appropriations
                                                    SFLS 2016–1, without Federal Housing                    Massachusetts.                                        Act, 1999. The sale of the Mortgage
                                                    Administration (FHA) mortgage                                                                                 Loans is pursuant to section 204(g) of
                                                    insurance. This notice also generally                   The Bidding Process                                   the National Housing Act.
                                                    describes the bidding process for the                     The BIP describes in detail the
                                                                                                                                                                  Mortgage Loan Sale Procedure
                                                    sale and certain persons who are                        procedure for bidding in SFLS 2016–1.
                                                    ineligible to bid. This is the first sale               The BIP also includes a standardized                     HUD selected an open competitive
                                                    offering of Fiscal Year (FY) 2016 and the               non-negotiable Conveyance, Assignment                 whole-loan sale as the method to sell
                                                    sale will be held on November 18, 2015.                 and Assumption Agreement (CAA                         the Mortgage Loans for this specific sale
                                                    DATES: For this sale action, the Bidder’s               Agreement). Qualified bidders will be                 transaction. For SFLS 2016–1, HUD has
                                                    Information Package (BIP) was made                      required to submit a deposit with their               determined that this method of sale
                                                    available to qualified bidders on                       bid. Deposits are calculated based upon               optimizes HUD’s return on the sale of
                                                    October 21, 2015. Bids for the 2016–1                   each qualified bidder’s aggregate bid                 these Mortgage Loans, affords the
                                                    sale will be accepted on the Bid Date of                price.                                                greatest opportunity for all qualified
                                                    November 18, 2015 (Bid Date). HUD                         HUD will evaluate the bids submitted                bidders to bid on the Mortgage Loans,
                                                    anticipates that award(s) will be made                  and determine the successful bid, in                  and provides the quickest and most
                                                    on or about November 19, 2015 (the                      terms of the best value to HUD, in its                efficient vehicle for HUD to dispose of
                                                    Award Date).                                            sole and absolute discretion. If a                    the Mortgage Loans.
                                                                                                            qualified bidder is successful, the                   Bidder Ineligibility
                                                    ADDRESSES: To become a qualified
                                                                                                            qualified bidder’s deposit will be non-
                                                    bidder and receive the BIP, prospective                                                                         In order to bid in SFLS 2016–1 as a
                                                                                                            refundable and will be applied toward
                                                    bidders must complete, execute, and                                                                           qualified bidder, a prospective bidder
                                                                                                            the purchase price. Deposits will be
                                                    submit a Confidentiality Agreement and                                                                        must complete, execute and submit both
                                                                                                            returned to unsuccessful bidders.
                                                    a Qualification Statement acceptable to                   This notice provides some of the basic              a Confidentiality Agreement and a
                                                    HUD. Both documents are available via                   terms of sale. The CAA Agreement,                     Qualification Statement acceptable to
                                                    the HUD Web site at: http://                            which is included in the BIP, provides                HUD and applicable to the loan pool
                                                    www.hud.gov/sfloansales or via: http://                 comprehensive contractual terms and                   being purchased. In the Qualification
                                                    www.verdiassetsales.com.                                                                                      Statement, the prospective bidder must
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                                                                            conditions. To ensure a competitive
                                                      Please mail and fax executed                          bidding process, the terms of the                     provide certain representations and
                                                    documents to Verdi Consulting, Inc.:                    bidding process and the CAA                           warranties regarding (i) a prospective
                                                    Verdi Consulting, Inc., 8400 Westpark                   Agreement are not subject to                          bidder, (ii) a prospective bidder’s board
                                                    Drive, 4th Floor, McLean, VA 22102,                     negotiation.                                          of directors, (iii) a prospective bidder’s
                                                    Attention: HUD SFLS Loan Sale                                                                                 direct parent, (iii) a prospective bidder’s
                                                    Coordinator, Fax: 1–703–584–7790.                       Due Diligence Review                                  subsidiaries, and (iv) any related entity
                                                    FOR FURTHER INFORMATION CONTACT: John                     The BIP describes how qualified                     with which the prospective bidder
                                                    Lucey, Director, Asset Sales Office,                    bidders may access the due diligence                  shares a common officer, director,


                                               VerDate Sep<11>2014   18:50 Nov 17, 2015   Jkt 238001   PO 00000   Frm 00055   Fmt 4703   Sfmt 4703   E:\FR\FM\18NON1.SGM   18NON1


                                                                            Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices                                                 72095

                                                    subcontractor or sub-contractor who has                 performed services for or on behalf of                percentage for any pool of loans or
                                                    access to Confidential Information as                   HUD in connection with the sale;                      individual loan, upon the closing of the
                                                    defined in the Confidentiality                            8. An individual or entity that                     sale of all the Mortgage Loans. Even if
                                                    Agreement or is involved in the                         knowingly acquired or will acquire                    HUD elects not to publicly disclose any
                                                    formation of a bid transaction (‘‘Related               prior to the sale date material non-                  information relating to SFLS 2016–1,
                                                    Entities’’), and (v) a prospective bidder’s             public information, other than that                   HUD will disclose any information that
                                                    repurchase lenders. The prospective                     information which is made available to                HUD is obligated to disclose pursuant to
                                                    bidder is ineligible to bid on any of the               Bidder by HUD pursuant to the terms of                the Freedom of Information Act and all
                                                    Mortgage Loans included in SFLS if the                  this Qualification Statement, about                   regulations promulgated thereunder.
                                                    prospective bidder, its Related Entities                Mortgage Loans offered in the sale;
                                                                                                              9. An individual or entity that                     Scope of Notice
                                                    or its repurchase lenders, is any of the
                                                    following, unless other exceptions apply                knowingly uses the services, directly or                This notice applies to SFLS 2016–1
                                                    as provided for the in Qualification                    indirectly, of any person or entity                   and does not establish HUD’s policy for
                                                    Statement.                                              ineligible under 1 through 11 to assist               the sale of other mortgage loans.
                                                       1. An individual or entity that is                   in preparing any of its bids on the                     Dated: November 10, 2015.
                                                    currently debarred, suspended, or                       Mortgage Loans;                                       Genger Charles,
                                                    excluded from doing business with                         10. An individual or entity which
                                                                                                                                                                  General Deputy, Assistant Secretary for
                                                    HUD pursuant to the Governmentwide                      knowingly employs or uses the services                Housing.
                                                    Suspension and Debarment regulations                    of an employee of HUD’s Office of
                                                                                                                                                                  [FR Doc. 2015–29486 Filed 11–17–15; 8:45 am]
                                                    at 2 CFR parts 180 and 2424;                            Housing (other than in such employee’s
                                                                                                                                                                  BILLING CODE 4210–67–P
                                                       2. An individual or entity that is                   official capacity); or
                                                    currently suspended, debarred or                          11. A Participating Servicer that
                                                    otherwise restricted by any department                  contributed Mortgage Loans to a pool on               DEPARTMENT OF HOUSING AND
                                                    or agency of the federal government or                  which the Bidder is placing a bid.                    URBAN DEVELOPMENT
                                                    of a state government from doing                          The Qualification Statement has
                                                    business with such department or                        additional representations and                        [Docket No. FR–5838–N–08]
                                                    agency;                                                 warranties which the prospective bidder
                                                                                                            must make, including but not limited to               60-Day Notice of Proposed Information
                                                       3. An individual or entity that is                                                                         Collection: Public Housing Capital
                                                    currently debarred, suspended, or                       the representation and warranty that the
                                                                                                            prospective bidder or its Related                     Fund Program
                                                    excluded from doing mortgage related
                                                    business, including having a business                   Entities are not and will not knowingly               AGENCY:  Office of the Assistant
                                                    license suspended, surrendered or                       use the services, directly or indirectly,             Secretary for Public and Indian
                                                    revoked, by any federal, state or local                 of any person or entity that is, any of the           Housing, PIH, HUD.
                                                    government agency, division or                          following (and to the extent that any                 ACTION: Notice.
                                                    department;                                             such individual or entity would prevent
                                                                                                            Bidder from making the following                      SUMMARY:    HUD is seeking approval from
                                                       4. An entity that has had its right to
                                                                                                            representations, such individual or                   the Office of Management and Budget
                                                    act as a Government National Mortgage
                                                                                                            entity has been removed from                          (OMB) for the information collection
                                                    Association (‘‘Ginnie Mae’’) issuer
                                                                                                            participation in all activities related to            described below. In accordance with the
                                                    terminated and its interest in mortgages
                                                                                                            this sale and has no ability to influence             Paperwork Reduction Act, HUD is
                                                    backing Ginnie Mae mortgage-backed
                                                                                                            or control individuals involved in                    requesting comment from all interested
                                                    securities extinguished by Ginnie Mae;
                                                                                                            formation of a bid for this sale):                    parties on the proposed collection of
                                                       5. An individual or entity that is in                  (1) An entity or individual is                      information. The purpose of this notice
                                                    violation of its neighborhood stabilizing               ineligible to bid on any included                     is to allow for 60 days of public
                                                    outcome obligations or post-sale                        Mortgage Loan or on the pool containing               comment.
                                                    reporting requirements under a                          such Mortgage Loan because it is an
                                                    Conveyance, Assignment and                                                                                    DATES: Comments Due Date: January 19,
                                                                                                            entity or individual that:                            2016.
                                                    Assumption Agreement executed for a                       (a) serviced or held any Mortgage
                                                    past sale;                                                                                                    ADDRESSES: Interested persons are
                                                                                                            Loan at any time during the two-year
                                                       6. An employee of HUD’s Office of                    period prior to the bid, or                           invited to submit comments regarding
                                                    Housing, a member of such employee’s                      (b) is any principal of any entity or               this proposal. Comments should refer to
                                                    household, or an entity owned or                        individual described in the preceding                 the proposal by name and/or OMB
                                                    controlled by any such employee or                      sentence;                                             Control Number and should be sent to:
                                                    member of such an employee’s                              (c) any employee or subcontractor of                Colette Pollard, Reports Management
                                                    household with household to be                          such entity or individual during that                 Officer, QDAM, Department of Housing
                                                    inclusive of the employee’s father,                     two-year period; or                                   and Urban Development, 451 7th Street
                                                    mother, stepfather, stepmother, brother,                  (d) any entity or individual that                   SW., Room 4176, Washington, DC
                                                    sister, stepbrother, stepsister, son,                   employs or uses the services of any                   20410–5000; telephone 202–402–3400
                                                    daughter, stepson, stepdaughter,                        other entity or individual described in               (this is not a toll-free number) or email
                                                    grandparent, grandson, granddaughter,                   this paragraph in preparing its bid on                at Colette.Pollard@hud.gov for a copy of
                                                    father-in-law, mother-in-law, brother-in-                                                                     the proposed forms or other available
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                                                                            such Mortgage Loan.
                                                    law, sister-in-law, son-in-law, daughter-                                                                     information. Persons with hearing or
                                                    in-law, first cousin, the spouse of any of              Freedom of Information Act Requests                   speech impairments may access this
                                                    the foregoing, and the employee’s                         HUD reserves the right, in its sole and             number through TTY by calling the toll-
                                                    spouse;                                                 absolute discretion, to disclose                      free Federal Relay Service at (800) 877–
                                                       7. A contractor, subcontractor and/or                information regarding SFLS 2016–1,                    8339.
                                                    consultant or advisor (including any                    including, but not limited to, the                    FOR FURTHER INFORMATION CONTACT:
                                                    agent, employee, partner, director, or                  identity of any successful qualified                  Arlette Mussington, Office of Policy,
                                                    principal of any of the foregoing) who                  bidder and its bid price or bid                       Programs and Legislative Initiatives,


                                               VerDate Sep<11>2014   18:50 Nov 17, 2015   Jkt 238001   PO 00000   Frm 00056   Fmt 4703   Sfmt 4703   E:\FR\FM\18NON1.SGM   18NON1



Document Created: 2018-03-01 11:20:46
Document Modified: 2018-03-01 11:20:46
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of sales of mortgage loans.
DatesFor this sale action, the Bidder's Information Package (BIP) was made available to qualified bidders on October 21, 2015. Bids for the 2016-1 sale will be accepted on the Bid Date of November 18, 2015 (Bid Date). HUD anticipates that award(s) will be made on or about November 19, 2015 (the Award Date).
ContactJohn Lucey, Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000; telephone 202-708-2625, extension 3927. Hearing- or speech-impaired individuals may call 202- 708-4594 (TTY). These are not toll-free numbers.
FR Citation80 FR 72094 

2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR