81_FR_62339 81 FR 62165 - Notice of Single Family Loan Sales (SFLS 2016-2)

81 FR 62165 - Notice of Single Family Loan Sales (SFLS 2016-2)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 174 (September 8, 2016)

Page Range62165-62166
FR Document2016-21661

This notice announces HUD's intention to competitively sell certain unsubsidized single family mortgage loans, in a sealed bid sale offering called SFLS 2016-2, 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 second sale offering of its type in Fiscal Year (FY) 2016 and the sale will be held on September 14, 2016.

Federal Register, Volume 81 Issue 174 (Thursday, September 8, 2016)
[Federal Register Volume 81, Number 174 (Thursday, September 8, 2016)]
[Notices]
[Pages 62165-62166]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21661]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5903-N-02]


Notice of Single Family Loan Sales (SFLS 2016-2)

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 2016-2, 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 second sale offering of its type in Fiscal Year (FY) 
2016 and the sale will be held on September 14, 2016.

DATES: For this sale action, the Bidder's Information Package (BIP) is 
expected to be made available to qualified bidders on or about August 
15, 2016. Bids for the 2016-2 sale will be accepted on the Bid Date of 
September 14, 2016 (Bid Date). HUD anticipates that award(s) will be 
made on or about September 15, 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://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 
2016-2 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. Some of these Neighborhood 
Stabilization Outcome pools will be designated for bidding by qualified 
non-profit or unit of local government entities only. These pools will 
be geographically concentrated. Qualified non-profit bidders will also 
have the opportunity to bid on up to 5% of the loans in a designated 
national pool.

The Bidding Process

    The BIP describes in detail the procedure for bidding in SFLS 2016-
2. 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 2016-2 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 2016-2 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 
2016-2, 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 2016-2 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

[[Page 62166]]

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 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 2016-2, 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 2016-2, 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 2016-2 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: September 1, 2016.
Edward L. Golding,
Principal Deputy Assistant Secretary for Housing.
[FR Doc. 2016-21661 Filed 9-7-16; 8:45 am]
 BILLING CODE 4210-67-P



                                                                            Federal Register / Vol. 81, No. 174 / Thursday, September 8, 2016 / Notices                                            62165

                                                  burden associated with this collection                  Urban Development, 451 Seventh Street                 Due Diligence Review
                                                  from 156,170 hours annually to 176,029                  SW., Washington, DC 20410–8000;                         The BIP describes how qualified
                                                  hours a year. This is an adjustment and                 telephone 202–708–2625, extension                     bidders may access the due diligence
                                                  is due to an increase in the annual boat                3927. Hearing- or speech-impaired                     materials remotely via a high-speed
                                                  sales volume.                                           individuals may call 202–708–4594                     Internet connection.
                                                    Authority: The Paperwork Reduction Act                (TTY). These are not toll-free numbers.
                                                  of 1995; 44 U.S.C. chapter 35, as amended.
                                                                                                                                                                Mortgage Loan Sale Policy
                                                                                                          SUPPLEMENTARY INFORMATION:      HUD
                                                                                                                                                                   HUD reserves the right to remove
                                                  Marilyn Scott-Perez,                                    announces its intention to sell in SFLS
                                                                                                                                                                Mortgage Loans from SFLS 2016–2 at
                                                  U.S. Coast Guard, Acting Deputy Chief                   2016–2 certain unsubsidized non-
                                                                                                                                                                any time prior to the Award Date. HUD
                                                  Information Officer.                                    performing mortgage loans (Mortgage
                                                                                                                                                                also reserves the right to reject any and
                                                  [FR Doc. 2016–21548 Filed 9–7–16; 8:45 am]              Loans) secured by single family                       all bids, in whole or in part, and include
                                                  BILLING CODE 9110–04–P                                  properties located throughout the                     any Mortgage Loans in a later sale.
                                                                                                          United States. A listing of the Mortgage              Deliveries of Mortgage Loans will occur
                                                                                                          Loans is included in the due diligence                in at least two monthly settlements and
                                                  DEPARTMENT OF HOUSING AND                               materials made available to qualified                 the number of Mortgage Loans delivered
                                                  URBAN DEVELOPMENT                                       bidders. The Mortgage Loans will be                   will vary depending upon the number of
                                                                                                          sold without FHA insurance and with                   Mortgage Loans the Participating
                                                  [Docket No. FR–5903–N–02]
                                                                                                          servicing released. HUD will offer                    Servicers have submitted for the
                                                  Notice of Single Family Loan Sales                      qualified bidders an opportunity to bid               payment of an FHA insurance claim.
                                                  (SFLS 2016–2)                                           competitively on the Mortgage Loans.                  The Participating Servicers will not be
                                                                                                            The Loans will be offered in two pool               able to submit claims on loans that are
                                                  AGENCY:  Office of the Assistant                        types. The Department will offer                      not included in the Mortgage Loan
                                                  Secretary for Housing—Federal Housing                   national loan pools for bid and will also             Portfolio set forth in the BIP. There can
                                                  Commissioner, HUD.                                      offer regionally-based pools, with                    be no assurance that any Participating
                                                  ACTION: Notice of sales of mortgage                     additional purchaser requirements, that               Servicer will deliver a minimum
                                                  loans.                                                  are called the Neighborhood                           number of Mortgage Loans to HUD or
                                                                                                          Stabilization Outcome pools. Some of                  that a minimum number of Mortgage
                                                  SUMMARY:   This notice announces HUD’s                                                                        Loans will be delivered to the
                                                                                                          these Neighborhood Stabilization
                                                  intention to competitively sell certain                                                                       Purchaser.
                                                                                                          Outcome pools will be designated for
                                                  unsubsidized single family mortgage                                                                              The SFLS 2016–2 Mortgage Loans are
                                                                                                          bidding by qualified non-profit or unit
                                                  loans, in a sealed bid sale offering called                                                                   assigned to HUD pursuant to section
                                                                                                          of local government entities only. These
                                                  SFLS 2016–2, without Federal Housing                                                                          204(a)(1)(A) of the National Housing Act
                                                                                                          pools will be geographically
                                                  Administration (FHA) mortgage                                                                                 as amended under Title VI of the
                                                                                                          concentrated. Qualified non-profit
                                                  insurance. This notice also generally                                                                         Departments of Veterans Affairs and
                                                                                                          bidders will also have the opportunity
                                                  describes the bidding process for the                                                                         Housing and Urban Development and
                                                  sale and certain persons who are                        to bid on up to 5% of the loans in a
                                                                                                          designated national pool.                             Independent Agencies Appropriations
                                                  ineligible to bid. This is the second sale                                                                    Act, 1999. The sale of the Mortgage
                                                  offering of its type in Fiscal Year (FY)                The Bidding Process                                   Loans is pursuant to section 204(g) of
                                                  2016 and the sale will be held on                                                                             the National Housing Act.
                                                  September 14, 2016.                                       The BIP describes in detail the
                                                                                                          procedure for bidding in SFLS 2016–2.                 Mortgage Loan Sale Procedure
                                                  DATES: For this sale action, the Bidder’s
                                                  Information Package (BIP) is expected to                The BIP also includes a standardized                     HUD selected an open competitive
                                                  be made available to qualified bidders                  non-negotiable Conveyance, Assignment                 whole-loan sale as the method to sell
                                                  on or about August 15, 2016. Bids for                   and Assumption Agreement (CAA                         the Mortgage Loans for this specific sale
                                                  the 2016–2 sale will be accepted on the                 Agreement). Qualified bidders will be                 transaction. For SFLS 2016–2, HUD has
                                                  Bid Date of September 14, 2016 (Bid                     required to submit a deposit with their               determined that this method of sale
                                                  Date). HUD anticipates that award(s)                    bid. Deposits are calculated based upon               optimizes HUD’s return on the sale of
                                                  will be made on or about September 15,                  each qualified bidder’s aggregate bid                 these Mortgage Loans, affords the
                                                  2016 (the Award Date).                                  price.                                                greatest opportunity for all qualified
                                                                                                                                                                bidders to bid on the Mortgage Loans,
                                                  ADDRESSES: To become a qualified                          HUD will evaluate the bids submitted
                                                                                                                                                                and provides the quickest and most
                                                  bidder and receive the BIP, prospective                 and determine the successful bid, in
                                                                                                                                                                efficient vehicle for HUD to dispose of
                                                  bidders must complete, execute, and                     terms of the best value to HUD, in its
                                                                                                                                                                the Mortgage Loans.
                                                  submit a Confidentiality Agreement and                  sole and absolute discretion. If a
                                                  a Qualification Statement acceptable to                 qualified bidder is successful, the                   Bidder Ineligibility
                                                  HUD. Both documents are available via                   qualified bidder’s deposit will be non-                 In order to bid in SFLS 2016–2 as a
                                                  the HUD Web site at: http://                            refundable and will be applied toward                 qualified bidder, a prospective bidder
                                                  www.hud.gov/sfloansales or via: http://                 the purchase price. Deposits will be                  must complete, execute and submit both
                                                  www.verdiassetsales.com. Please mail                    returned to unsuccessful bidders.                     a Confidentiality Agreement and a
                                                  and fax executed documents to Verdi                       This notice provides some of the basic              Qualification Statement acceptable to
                                                  Consulting, Inc.: Verdi Consulting, Inc.                terms of sale. The CAA Agreement,                     HUD and applicable to the loan pool
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                                                  8400 Westpark Drive, 4th Floor,                         which is included in the BIP, provides                being purchased. In the Qualification
                                                  McLean, VA 22102, Attention: HUD                        comprehensive contractual terms and                   Statement, the prospective bidder must
                                                  SFLS Loan Sale Coordinator, Fax: 1–                     conditions. To ensure a competitive                   provide certain representations and
                                                  703–584–7790.                                           bidding process, the terms of the                     warranties regarding (i) a prospective
                                                  FOR FURTHER INFORMATION CONTACT: John                   bidding process and the CAA                           bidder, (ii) a prospective bidder’s board
                                                  Lucey, Director, Asset Sales Office,                    Agreement are not subject to                          of directors, (iii) a prospective bidder’s
                                                  Room 3136, Department of Housing and                    negotiation.                                          direct parent, (iii) a prospective bidder’s


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                                                  62166                     Federal Register / Vol. 81, No. 174 / Thursday, September 8, 2016 / Notices

                                                  subsidiaries, and (iv) any related entity               agent, employee, partner, director, or                identity of any successful qualified
                                                  with which the prospective bidder                       principal of any of the foregoing) who                bidder and its bid price or bid
                                                  shares a common officer, director,                      performed services for or on behalf of                percentage for any pool of loans or
                                                  subcontractor or sub-contractor who has                 HUD in connection with the sale;                      individual loan, upon the closing of the
                                                  access to Confidential Information as                     8. An individual or entity that                     sale of all the Mortgage Loans. Even if
                                                  defined in the Confidentiality                          knowingly acquired or will acquire                    HUD elects not to publicly disclose any
                                                  Agreement or is involved in the                         prior to the sale date material non-                  information relating to SFLS 2016–2,
                                                  formation of a bid transaction (‘‘Related               public information, other than that                   HUD will disclose any information that
                                                  Entities’’), and (v) a prospective bidder’s             information which is made available to                HUD is obligated to disclose pursuant to
                                                  repurchase lenders. The prospective                     Bidder by HUD pursuant to the terms of                the Freedom of Information Act and all
                                                  bidder is ineligible to bid on any of the               this Qualification Statement, about                   regulations promulgated thereunder.
                                                  Mortgage Loans included in SFLS if the                  Mortgage Loans offered in the sale;
                                                  prospective bidder, its Related Entities                  9. An individual or entity that                     Scope of Notice
                                                  or its repurchase lenders, is any of the                knowingly uses the services, directly or                This notice applies to SFLS 2016–2
                                                  following, unless other exceptions apply                indirectly, of any person or entity                   and does not establish HUD’s policy for
                                                  as provided for the in Qualification                    ineligible under 1 through 11 to assist               the sale of other mortgage loans.
                                                  Statement.                                              in preparing any of its bids on the                     Dated: September 1, 2016.
                                                     1. An individual or entity that is                   Mortgage Loans;                                       Edward L. Golding,
                                                  currently debarred, suspended, or                         10. An individual or entity which
                                                                                                                                                                Principal Deputy Assistant Secretary for
                                                  excluded from doing business with                       knowingly employs or uses the services                Housing.
                                                  HUD pursuant to the Governmentwide                      of an employee of HUD’s Office of
                                                                                                                                                                [FR Doc. 2016–21661 Filed 9–7–16; 8:45 am]
                                                  Suspension and Debarment regulations                    Housing (other than in such employee’s
                                                                                                                                                                BILLING CODE 4210–67–P
                                                  at 2 CFR parts 180 and 2424;                            official capacity); or
                                                     2. An individual or entity that is                     11. A Participating Servicer that
                                                  currently suspended, debarred or                        contributed Mortgage Loans to a pool on               DEPARTMENT OF HOUSING AND
                                                  otherwise restricted by any department                  which the Bidder is placing a bid.                    URBAN DEVELOPMENT
                                                  or agency of the federal government or                    The Qualification Statement has
                                                  of a state government from doing                        additional representations and                        [Docket No. FR–5909–C–64]
                                                  business with such department or                        warranties which the prospective bidder
                                                  agency;                                                 must make, including but not limited to               30-Day Notice of Proposed Information
                                                     3. An individual or entity that is                   the representation and warranty that the              Collection: Application for Community
                                                  currently debarred, suspended, or                       prospective bidder or its Related                     Compass TA and Capacity Building
                                                  excluded from doing mortgage related                    Entities are not and will not knowingly               Program NOFA
                                                  business, including having a business                   use the services, directly or indirectly,             AGENCY:  Office of the Chief Information
                                                  license suspended, surrendered or                       of any person or entity that is, any of the           Officer, HUD.
                                                  revoked, by any federal, state or local                 following (and to the extent that any                 ACTION: Correction.
                                                  government agency, division or                          such individual or entity would prevent
                                                  department;                                             Bidder from making the following                      SUMMARY:   On August 30, 2016, at 81 FR
                                                     4. An entity that has had its right to               representations, such individual or                   59649, HUD published the proposed
                                                  act as a Government National Mortgage                   entity has been removed from                          information collection requirement
                                                  Association (‘‘Ginnie Mae’’) issuer                     participation in all activities related to            described below to the Office of
                                                  terminated and its interest in mortgages                this sale and has no ability to influence             Management and Budget (OMB) for
                                                  backing Ginnie Mae mortgage-backed                      or control individuals involved in                    review, in accordance with the
                                                  securities extinguished by Ginnie Mae;                  formation of a bid for this sale):                    Paperwork Reduction Act. The purpose
                                                     5. An individual or entity that is in                  (1) An entity or individual is                      of this notice is to allow for an
                                                  violation of its neighborhood stabilizing               ineligible to bid on any included                     additional 30 days of public comment.
                                                  outcome obligations or post-sale                        Mortgage Loan or on the pool containing               This correction is updating the burden
                                                  reporting requirements under a                          such Mortgage Loan because it is an                   chart with the accurate calculation of
                                                  Conveyance, Assignment and                              entity or individual that:                            burden hours.
                                                  Assumption Agreement executed for a                       (a) Serviced or held any Mortgage                   DATES: Comments Due Date: October 11,
                                                  past sale;                                              Loan at any time during the two-year                  2016.
                                                     6. An employee of HUD’s Office of                    period prior to the bid, or                           ADDRESSES: Interested persons are
                                                  Housing, a member of such employee’s                      (b) is any principal of any entity or
                                                  household, or an entity owned or                                                                              invited to submit comments regarding
                                                                                                          individual described in the preceding                 this proposal. Comments should refer to
                                                  controlled by any such employee or                      sentence;
                                                  member of such an employee’s                                                                                  the proposal by name and/or OMB
                                                                                                            (c) any employee or subcontractor of
                                                  household with household to be                                                                                Control Number and should be sent to:
                                                                                                          such entity or individual during that
                                                  inclusive of the employee’s father,                                                                           HUD Desk Officer, Office of
                                                                                                          two-year period; or
                                                  mother, stepfather, stepmother, brother,                                                                      Management and Budget, New
                                                                                                            (d) any entity or individual that
                                                  sister, stepbrother, stepsister, son,                                                                         Executive Office Building, Washington,
                                                                                                          employs or uses the services of any
                                                  daughter, stepson, stepdaughter,                                                                              DC 20503; fax: 202–395–5806. Email:
                                                                                                          other entity or individual described in
                                                  grandparent, grandson, granddaughter,                                                                         OIRA_Submission@omb.eop.gov.
mstockstill on DSK3G9T082PROD with NOTICES




                                                                                                          this paragraph in preparing its bid on
                                                  father-in-law, mother-in-law, brother-in-               such Mortgage Loan.                                   FOR FURTHER INFORMATION CONTACT:
                                                  law, sister-in-law, son-in-law, daughter-                                                                     Anna P. Guido, Reports Management
                                                  in-law, first cousin, the spouse of any of              Freedom of Information Act Requests                   Officer, QMAC, Department of Housing
                                                  the foregoing, and the employee’s                         HUD reserves the right, in its sole and             and Urban Development, 451 7th Street
                                                  spouse;                                                 absolute discretion, to disclose                      SW., Washington, DC 20410; email
                                                     7. A contractor, subcontractor and/or                information regarding SFLS 2016–2,                    Anna P. Guido at Anna.P.Guido@
                                                  consultant or advisor (including any                    including, but not limited to, the                    hud.gov or telephone 202–402–5535.


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Document Created: 2018-02-09 13:12:41
Document Modified: 2018-02-09 13:12:41
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) is expected to be made available to qualified bidders on or about August 15, 2016. Bids for the 2016-2 sale will be accepted on the Bid Date of September 14, 2016 (Bid Date). HUD anticipates that award(s) will be made on or about September 15, 2016 (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 Citation81 FR 62165 

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