81 FR 30545 - Notice of Aged Delinquent Portfolio Loan Sale (ADPLS)
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 81, Issue 95 (May 17, 2016)
Federal Register Volume 81, Issue 95 (May 17, 2016)
| Page Range | 30545-30547 | |
| FR Document | 2016-11616 |
[Federal Register Volume 81, Number 95 (Tuesday, May 17, 2016)] [Notices] [Pages 30545-30547] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-11616] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5949-N-01] Notice of Aged Delinquent Portfolio Loan Sale (ADPLS) 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 ADPLS, 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 ADPLS offering, and the sale will be held on May 18, 2016. DATES: For this sale action, the Bidder's Information Package (BIP) was made available to qualified bidders on April 11, 2016. Bids for the ADPLS sale will be accepted on the Bid Date of May 18, 2016 (Bid Date). HUD anticipates that award(s) will be made on or after May 18, 2016 (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:// [[Page 30546]] www.hud.gov/sfloansales or via: http://www.verdiassetsales.com. Please execute electronically or mail and fax executed documents to Verdi Consulting, Inc.: Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 22102, Attention: HUD ADPLS 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 ADPLS 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 Bidding Process The BIP describes in detail the procedure for bidding in ADPLS. 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. For ADPLS, settlements are expected to take place on or about June 27, 2016, and July 29th, 2016. 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 ADPLS 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 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 ADPLS 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 ADPLS, 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 ADPLS as a qualified bidder, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. 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, 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 ADPLS 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 Title 2 of the Code of Federal Regulations, 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 [[Page 30547]] 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 ADPLS, 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 ADPLS, 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 ADPLS and does not establish HUD's policy for the sale of other mortgage loans. Dated: May 11, 2016. Edward L. Golding, Principal Deputy Assistant Secretary for Housing. [FR Doc. 2016-11616 Filed 5-16-16; 8:45 am] BILLING CODE 4210-67-P
![Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices 30545
DEPARTMENT OF HEALTH AND collection of information on implementation and effectiveness of
HUMAN SERVICES respondents, including through the use widespread dissemination of mental
of automated collection techniques or health literacy programs through these
Substance Abuse and Mental Health other forms of information technology. three distinct funding mechanisms and
Services Administration Proposed Project: Mental Health First increase SAMHSA’s understanding of
Aid Evaluation—NEW. training, referral benefits, and issues in
Agency Information Collection The Substance Abuse and Mental varied milieu (e.g., implementation
Activities: Proposed Collection; Health Services Administration’s climate, leadership). These evaluation
Comment Request (SAMHSA) Center for Mental Health questions are essential to address
In compliance with Section Services (CMHS) is requesting approval because, although MHFA/YMHFA has a
3506(c)(2)(A) of the Paperwork from the Office of Management and track record and well-articulated theory
Reduction Act of 1995 concerning Budget (OMB) for new data collection of action, it is vital for SAMHSA to be
opportunity for public comment on activities associated with its Mental able to identify factors that are expected
proposed collections of information, the Health First Aid (MHFA) program. to increase or decrease the extent
Substance Abuse and Mental Health This information is needed to MHFA/YMHFA is disseminated and
Services Administration (SAMHSA) evaluate implementation of MHFA and implemented with quality.
will publish periodic summaries of Youth Mental Health First Aid in three This data collection is covered under
proposed projects. To request more distinct grant programs: Project the requirements of Public Law 103–62,
information on the proposed projects or Advancing Wellness and Resilience in the Government Performance and
to obtain a copy of the information Education (AWARE) State Education Results Act (GPRA) of 1993,Title 38,
collection plans, call the SAMHSA Agency (SEA) Cooperative Agreements, section 527, Evaluation and Data
Reports Clearance Officer on (240) 276– which provide funding to support Collection, as well as 38 CFR 1.15,
1243. MHFA and YMHFA training to state Standards for Program Evaluation.
Comments are invited on: (a) Whether education agencies; Project AWARE SAMHSA is requesting clearance for
the proposed collections of information Local Education Agency (LEA) Grants, four data collection instruments:
are necessary for the proper which provide funding to school (1) MHFA/YMHFA Pre-Training
performance of the functions of the districts; and Project AWARE Survey.
agency, including whether the Community (C), a new funding (2) MHFA/YMHFA Post-Training
information shall have practical utility; opportunity in fiscal year 2015 that is Survey.
(b) the accuracy of the agency’s estimate intended to support MHFA and YMHFA (3) MHFA/YMHFA 3-Month and 6-
of the burden of the proposed collection training through a wide range of Month Follow-Up Survey.
of information; (c) ways to enhance the community organizations. (4) Qualitative protocol for interviews
quality, utility, and clarity of the The MHFA/YMHFA evaluation will with site coordinators.
information to be collected; and (d) address both overarching and program- The table below reflects the
ways to minimize the burden of the specific questions related to the annualized hourly burden.
Responses
Number of Total Hours per Total burden
Instrument/activity per
respondents responses response hours
respondent
MHFA/YMHFA Pre-Training Survey .................................... 22,800 1 22,800 .33 7,524
MHFA/YMHFA Post-Training Survey .................................. 22,800 1 22,800 .25 5,700
MHFA/YMHFA 3-Month Follow-Up Survey ......................... 19,380 1 19,380 .17 3,294
MHFA/YMHFA 6-Month Follow-Up Survey ......................... 17,100 1 17,100 .17 2,907
Qualitative Interviews ........................................................... 23 1 23 .75 17.25
Total .............................................................................. 22,823 ........................ 82,103 ........................ 19,442
Send comments to Summer King, DEPARTMENT OF HOUSING AND describes the bidding process for the
SAMHSA Reports Clearance Officer, URBAN DEVELOPMENT sale and certain persons who are
5600 Fishers Lane, Room 15E57–B, ineligible to bid. This is the first ADPLS
Rockville, Maryland, 20857 or email her [Docket No. FR–5949–N–01] offering, and the sale will be held on
a copy at May 18, 2016.
Notice of Aged Delinquent Portfolio DATES: For this sale action, the Bidder’s
summer.king@samhsa.hhs.gov. Written
Loan Sale (ADPLS) Information Package (BIP) was made
comments should be received by July
18, 2016. AGENCY: Office of the Assistant available to qualified bidders on April
Secretary for Housing—Federal Housing 11, 2016. Bids for the ADPLS sale will
Summer King, be accepted on the Bid Date of May 18,
Commissioner, HUD.
Statistician.
ACTION: Notice of sales of mortgage
2016 (Bid Date). HUD anticipates that
[FR Doc. 2016–11560 Filed 5–16–16; 8:45 am] loans. award(s) will be made on or after May
18, 2016 (the Award Date).
jstallworth on DSK7TPTVN1PROD with NOTICES
BILLING CODE 4162–20–P
SUMMARY: This notice announces HUD’s ADDRESSES: To become a qualified
intention to competitively sell certain bidder and receive the BIP, prospective
unsubsidized single family mortgage bidders must complete, execute, and
loans, in a sealed bid sale offering called submit a Confidentiality Agreement and
ADPLS, without Federal Housing a Qualification Statement acceptable to
Administration (FHA) mortgage HUD. Both documents are available via
insurance. This notice also generally the HUD Web site at: http://
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![Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices 30547
agent, employee, partner, director, or identity of any successful qualified before 4 p.m. The meetings will include
principal of any of the foregoing) who bidder and its bid price or bid a public comment period at
performed services for or on behalf of percentage for any pool of loans or approximately 8:30 a.m. and
HUD in connection with the sale; individual loan, upon the closing of the approximately 4:00 p.m.
8. An individual or entity that sale of all the Mortgage Loans. Even if
knowingly acquired or will acquire HUD elects not to publicly disclose any FOR FURTHER INFORMATION CONTACT: Lisa
prior to the sale date material non- information relating to ADPLS, HUD Ross, Public Affairs Specialist, Carson
public information, other than that will disclose any information that HUD City District Office, 5665 Morgan Mill
information which is made available to is obligated to disclose pursuant to the Road, Carson City, NV 89701,
Bidder by HUD pursuant to the terms of Freedom of Information Act and all telephone: (775) 885–6107, email:
this Qualification Statement, about regulations promulgated thereunder. lross@blm.gov. Persons who use a
Mortgage Loans offered in the sale; telecommunications device for the deaf
9. An individual or entity that Scope of Notice (TDD) may call the Federal Information
knowingly uses the services, directly or This notice applies to ADPLS and Relay Service (FIRS) at 1–800–877–8339
indirectly, of any person or entity does not establish HUD’s policy for the to contact the above individual during
ineligible under 1 through 11 to assist sale of other mortgage loans. normal business hours. The FIRS is
in preparing any of its bids on the Dated: May 11, 2016. available 24 hours a day, 7 days a week,
Mortgage Loans; Edward L. Golding, to leave a message or question with the
10. An individual or entity which above individual. You will receive a
knowingly employs or uses the services Principal Deputy Assistant Secretary for
Housing. reply during normal business hours.
of an employee of HUD’s Office of
[FR Doc. 2016–11616 Filed 5–16–16; 8:45 am] SUPPLEMENTARY INFORMATION: The 15-
Housing (other than in such employee’s
official capacity); or BILLING CODE 4210–67–P member Council advises the Secretary
11. A Participating Servicer that of the Interior, through the BLM, on a
contributed Mortgage Loans to a pool on variety of planning and management
which the Bidder is placing a bid. DEPARTMENT OF THE INTERIOR issues associated with public land
The Qualification Statement has management in Nevada. Topics for
additional representations and Bureau of Land Management
discussion at the meeting will include,
warranties which the prospective bidder [LLNV912000. L12200000.PM0000 but are not limited to:
must make, including but not limited to LXSS006F0000 261A; 14–1109; MO#
the representation and warranty that the 4500093084] • June 2 & 3—landscape vegetative
prospective bidder or its Related management, rangeland health
Entities are not and will not knowingly Notice of Public Meetings: Sierra assessments, Fire Invasive Assessment
use the services, directly or indirectly, Front-Northwestern Great Basin Tool (FIAT), sage grouse, drought, and
of any person or entity that is, any of the Resource Advisory Council, Nevada fire restoration. Managers’ reports of
following (and to the extent that any district office activities will be
AGENCY: Bureau of Land Management,
such individual or entity would prevent distributed at each meeting.
Interior.
Bidder from making the following
ACTION: Notice of public meetings.
• August 11 & 12—Sage Grouse, Wild
representations, such individual or Horse & Burro, Land Health projects,
entity has been removed from SUMMARY: In accordance with the Managers’ report of district office
participation in all activities related to Federal Land Policy and Management activities will be distributed at each
this sale and has no ability to influence Act (FLPMA) and the Federal Advisory meeting.
or control individuals involved in Committee Act of 1972 (FACA), the U.S.
formation of a bid for this sale): The Council may raise other topics at
Department of the Interior, Bureau of the meetings.
(1) An entity or individual is Land Management (BLM) Sierra Front-
ineligible to bid on any included Northwestern Great Basin Resource Final agendas will be posted on-line
Mortgage Loan or on the pool containing Advisory Council (RAC), will hold two at the BLM Sierra Front-Northwestern
such Mortgage Loan because it is an meetings in Nevada, in 2016. The Great Basin RAC Web site at http://
entity or individual that: meetings are open to the public. www.blm.gov/nv/st/en/res/
(a) Serviced or held any Mortgage resource_advisory.html and will be
Loan at any time during the two-year DATES AND TIMES: June 2 and 3 at the
BLM Winnemucca, Nevada District. A published in local and regional media
period prior to the bid, or sources at least 14 days before each
(b) Is any principal of any entity or meeting will be held on Thursday, June
2, at the Winnemucca BLM District meeting.
individual described in the preceding
sentence; Office (5100 East Winnemucca Blvd.) in Individuals who need special
(c) Any employee or subcontractor of Winnemucca, Nevada. A field trip will assistance such as sign language
such entity or individual during that be held on Friday, June 3 within the interpretation or other reasonable
two-year period; or Winnemucca BLM District. The second accommodations, or who wish to
(d) Any entity or individual that meeting will be held August 11 and 12, receive a copy of each agenda, may
employs or uses the services of any at the BLM Carson City, Nevada District. contact Lisa Ross no later than 10 days
other entity or individual described in A meeting will be held on Thursday, prior to each meeting.
August 11, at the Carson City BLM
jstallworth on DSK7TPTVN1PROD with NOTICES
this paragraph in preparing its bid on
such Mortgage Loan. District Office (5665 Morgan Mill Road) Steve Clutter,
in Carson City, Nevada. A field trip will Chief, Office of Communications.
Freedom of Information Act Requests be held on Friday, August 12 within the [FR Doc. 2016–11572 Filed 5–16–16; 8:45 am]
HUD reserves the right, in its sole and Carson City BLM District. Approximate BILLING CODE 4310–HC–P
absolute discretion, to disclose meeting times are 8 a.m. to 4 p.m.
information regarding ADPLS, However, meetings could end earlier if
including, but not limited to, the discussions and presentations conclude
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Document Created: 2018-02-07 15:05:27
Document Modified: 2018-02-07 15:05:27
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of sales of mortgage loans. | |
| Dates | For this sale action, the Bidder's Information Package (BIP) was made available to qualified bidders on April 11, 2016. Bids for the ADPLS sale will be accepted on the Bid Date of May 18, 2016 (Bid Date). HUD anticipates that award(s) will be made on or after May 18, 2016 (the Award Date). | |
| 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. | |
| FR Citation | 81 FR 30545 |
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