83_FR_55949 83 FR 55733 - Notice of HUD Vacant Loan Sales (HVLS 2019-1)

83 FR 55733 - Notice of HUD Vacant Loan Sales (HVLS 2019-1)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 216 (November 7, 2018)

Page Range55733-55735
FR Document2018-24395

This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 1,150 reverse mortgage notes secured by properties with a loan balance of approximately $230 million. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a non- borrowing spouse. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the third sale offering of its type and the sale will be held on December 12, 2018.

Federal Register, Volume 83 Issue 216 (Wednesday, November 7, 2018)
[Federal Register Volume 83, Number 216 (Wednesday, November 7, 2018)]
[Notices]
[Pages 55733-55735]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-24395]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6133-N-01]


Notice of HUD Vacant Loan Sales (HVLS 2019-1)

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

ACTION: Notice of sales of reverse mortgage loans.

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

SUMMARY: This notice announces HUD's intention to competitively offer 
multiple residential reverse mortgage pools consisting of approximately 
1,150 reverse mortgage notes secured by properties with a loan balance 
of approximately $230 million. The sale will consist of due and payable 
Secretary-held reverse mortgage loans. The mortgage loans consist of 
first liens secured by single family, vacant residential properties, 
where all borrowers are deceased, and no borrower is survived by a non-
borrowing spouse.
    This notice also generally describes the bidding process for the 
sale and certain persons who are ineligible to bid. This is the third 
sale offering of its type and the sale will be held on December 12, 
2018.

DATES: For this sale action, the Bidder's Information Package (BIP) is 
expected to be made available to qualified bidders on or about November 
14, 2018. Bids for the HVLS 2019-1 sale will be accepted on the Bid 
Date of December 12, 2018 (Bid Date). HUD anticipates that award(s) 
will be made on or about December 13, 2018 (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 website at: http://www.hud.gov/sfloansales or via: http://www.verdiassetsales.com.

[[Page 55734]]

    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 HVLS 
2019-1 due and payable Secretary-held reverse mortgage loans. The loans 
consist of first liens secured by single family, vacant residential 
properties, where all borrowers are deceased, and no borrower is 
survived by a non-borrowing spouse.
    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 are expected to be offered in regional pools, 
with one or more geographically concentrated pools designated for 
bidding by qualified non-profit or unit of local government entities 
only. Qualified non-profit or unit of local government bidders will 
also have the opportunity to bid on up to 10% of the loans in a larger 
regional pool.

The Bidding Process

    The BIP describes in detail the procedure for bidding in HVLS 2019-
1. The BIP also includes a standardized non-negotiable Conveyance, 
Assignment and Assumption Agreement for HVLS 2019-1 (CAA). 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, 
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 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 HVLS 2019-1 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 reverse mortgage 
loans in a later sale. Deliveries of mortgage loans will occur in 
conjunction with settlement and servicing transfer, approximately 30 to 
45 days after the Award Date.
    The HVLS 2019-1 reverse mortgage loans were insured by and were 
assigned to HUD pursuant to section 255 of the National Housing Act, as 
amended. The sale of the reverse 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 HVLS 
2019-1, HUD has determined that this method of sale optimizes HUD's 
return on the sale of these 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 HVLS 2019-1 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 the prospective bidder, 
including but not limited to (i) the prospective bidder's board of 
directors, (ii) the prospective bidder's direct parent, (iii) the 
prospective bidder's subsidiaries, (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 (collectively the ``Related Entities''), and (v) the 
prospective bidder's repurchase lenders. The prospective bidder is 
ineligible to bid on any of the reverse mortgage loans included in HVLS 
2019-1 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 the 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 
any previous mortgage loan sale of HUD;
    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

[[Page 55735]]

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 10 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
    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 the prospective 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 
reverse mortgage loan or on the pool containing such reverse mortgage 
loan because it is an entity or individual that:
    (a) serviced or held such reverse mortgage loan at any time during 
the six-month 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 six-month 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 reverse mortgage loan.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding HVLS 2019-1, 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 HVLS 2019-1, 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 HVLS 2019-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: November 1, 2018.
Vance T. Morris,
Special Assistant to the Assistant Secretary for Housing--Federal 
Housing Commissioner.
[FR Doc. 2018-24395 Filed 11-6-18; 8:45 am]
 BILLING CODE 4210-67-P



                                                                                Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices                                                                                      55733

                                                                                                               TABLE 1—ANNUALIZED HOUR BURDEN ESTIMATES
                                                                                                                                                                                          Responses
                                                                                                                                                                        Number of                                     Hours per               Total hour
                                                                                                    Form                                                                                      per
                                                                                                                                                                       respondents                                    response                 burden
                                                                                                                                                                                          respondent

                                              Individual/Family Crisis Counseling Services Encounter Log .........................                                                600                     196                      0.08             9,408
                                              Group Encounter Log ......................................................................................                          100                      33                      0.05               165
                                              Weekly Tally Sheet ..........................................................................................                       600                      52                      0.15             4,680
                                              Assessment and Referral Tools ......................................................................                                600                      14                      0.17             1,428
                                              Participant Feedback Form .............................................................................                           1,000                       1                      0.25               250
                                              Service Provider Feedback Form ....................................................................                                 100                       1                      0.41                41

                                                    Total ..........................................................................................................            3,000   ........................   ........................        15,972



                                                Send comments to Summer King,                                             that this fee is payable for each calendar                        DEPARTMENT OF HOUSING AND
                                              SAMHSA Reports Clearance Officer,                                           year in each broker district where the                            URBAN DEVELOPMENT
                                              5600 Fishers Lane, Room 15E57–B,                                            broker was issued a permit to do
                                              Rockville, MD 20857 OR email her a                                          business by the due date. See 19 CFR                              [Docket No. FR–6133–N–01]
                                              copy at summer.king@samhsa.hhs.gov.                                         24.22(h) and (i)(9). Broker districts are
                                              Written comments should be received                                         defined in the General Notice entitled,                           Notice of HUD Vacant Loan Sales
                                              by January 7, 2019.                                                         ‘‘Geographic Boundaries of Customs                                (HVLS 2019–1)
                                              Summer King,                                                                Brokerage, Cartage and Lighterage
                                                                                                                                                                                            AGENCY:  Office of the Assistant
                                              Statistician.                                                               Districts,’’ published in the Federal
                                                                                                                                                                                            Secretary for Housing—Federal Housing
                                              [FR Doc. 2018–24283 Filed 11–6–18; 8:45 am]                                 Register on March 15, 2000 (65 FR                                 Commissioner, HUD.
                                              BILLING CODE 4162–20–P
                                                                                                                          14011), and corrected, with minor
                                                                                                                                                                                            ACTION: Notice of sales of reverse
                                                                                                                          changes, on March 23, 2000 (65 FR
                                                                                                                          15686) and on April 6, 2000 (65 FR                                mortgage loans.

                                              DEPARTMENT OF HOMELAND                                                      18151).                                                           SUMMARY:   This notice announces HUD’s
                                              SECURITY                                                                       Sections 24.22 and 24.23 of title 19 of                        intention to competitively offer multiple
                                                                                                                          the Code of Federal Regulations (19 CFR                           residential reverse mortgage pools
                                              U.S. Customs and Border Protection                                          24.22 and 24.23) provide for and                                  consisting of approximately 1,150
                                                                                                                          describe the procedures that implement                            reverse mortgage notes secured by
                                              Customs Broker User Fee Payment for                                                                                                           properties with a loan balance of
                                                                                                                          the requirements of the Fixing
                                              2019                                                                                                                                          approximately $230 million. The sale
                                                                                                                          America’s Surface Transportation Act
                                              AGENCY:  U.S. Customs and Border                                            (FAST Act) (Pub. L. 114–94, December                              will consist of due and payable
                                              Protection, Department of Homeland                                          4, 2015). Specifically, paragraph (k) in                          Secretary-held reverse mortgage loans.
                                              Security.                                                                   section 24.22 (19 CFR 24.22(k)) sets                              The mortgage loans consist of first liens
                                              ACTION: General notice.                                                     forth the methodology to determine the                            secured by single family, vacant
                                                                                                                          change in inflation as well as the factor                         residential properties, where all
                                              SUMMARY:   This document provides                                                                                                             borrowers are deceased, and no
                                                                                                                          by which the fees and limitations will
                                              notice to customs brokers that the                                                                                                            borrower is survived by a non-
                                                                                                                          be adjusted, if necessary. The customs
                                              annual user fee that is assessed for each                                                                                                     borrowing spouse.
                                                                                                                          broker user fee is set forth in Appendix
                                              permit held by a broker, whether it may                                                                                                         This notice also generally describes
                                                                                                                          A of part 24. (19 CFR 24.22 Appendix                              the bidding process for the sale and
                                              be an individual, partnership,
                                              association, or corporation, is due by                                      A). On August 1, 2018, CBP published                              certain persons who are ineligible to
                                              January 25, 2019. Pursuant to fee                                           a Federal Register notice, CBP Dec. 18–                           bid. This is the third sale offering of its
                                              adjustments required by the Fixing                                          08, which among other things,                                     type and the sale will be held on
                                              America’s Surface Transportation Act                                        announced that the annual broker                                  December 12, 2018.
                                              (FAST Act) and CBP regulations, the                                         permit user fee would increase to
                                                                                                                                                                                            DATES: For this sale action, the Bidder’s
                                              annual user fee payable in calendar year                                    $144.74 for calendar year 2019. See 83                            Information Package (BIP) is expected to
                                              2019 will be $144.74.                                                       FR 37509.                                                         be made available to qualified bidders
                                              DATES: Payment of the 2019 Customs                                             As required by 19 CFR 111.96, CBP                              on or about November 14, 2018. Bids for
                                              Broker User Fee is due by January 25,                                       must provide notice in the Federal                                the HVLS 2019–1 sale will be accepted
                                              2019.                                                                       Register no later than 60 days before the                         on the Bid Date of December 12, 2018
                                              FOR FURTHER INFORMATION CONTACT: Julia                                      date that the payment is due for each                             (Bid Date). HUD anticipates that
                                              Peterson, Broker Management Branch,                                         broker permit. This document notifies                             award(s) will be made on or about
                                              Office of Trade, (202) 325–6601.                                            customs brokers that for calendar year                            December 13, 2018 (the Award Date).
                                              SUPPLEMENTARY INFORMATION:                                                  2019, the due date for payment of the                             ADDRESSES: To become a qualified
                                                Pursuant to section 111.96 of title 19                                    user fee is January 25, 2019.                                     bidder and receive the BIP, prospective
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                                              of the Code of Federal Regulations (19                                        Dated: November 1, 2018.                                        bidders must complete, execute, and
                                              CFR 111.96(c)), U.S. Customs and                                                                                                              submit a Confidentiality Agreement and
                                                                                                                          Brenda B. Smith,
                                              Border Protection (CBP) assesses an                                                                                                           a Qualification Statement acceptable to
                                              annual user fee for each customs broker                                     Executive Assistant Commissioner, Office of                       HUD. Both documents are available via
                                              district and national permit held by an                                     Trade.                                                            the HUD website at: http://
                                              individual, partnership, association, or                                    [FR Doc. 2018–24342 Filed 11–6–18; 8:45 am]                       www.hud.gov/sfloansales or via: http://
                                              corporation. CBP regulations provide                                        BILLING CODE 9111–14–P                                            www.verdiassetsales.com.


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                                              55734                    Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices

                                                 Please mail and fax executed                         bidding process, the terms of the                     included in HVLS 2019–1 if the
                                              documents to Verdi Consulting, Inc.:                    bidding process and the CAA are not                   prospective bidder, its Related Entities
                                              Verdi Consulting, Inc., 8400 Westpark                   subject to negotiation.                               or its repurchase lenders, is any of the
                                              Drive, 4th Floor, McLean, VA 22102,                                                                           following, unless other exceptions apply
                                                                                                      Due Diligence Review
                                              Attention: HUD SFLS Loan Sale                                                                                 as provided for the in the Qualification
                                              Coordinator, Fax: 1–703–584–7790                          The BIP describes how qualified                     Statement.
                                              FOR FURTHER INFORMATION CONTACT: John                   bidders may access the due diligence                     1. An individual or entity that is
                                              Lucey, Director, Asset Sales Office,                    materials remotely via a high-speed                   currently debarred, suspended, or
                                              Room 3136, Department of Housing and                    internet connection.                                  excluded from doing business with
                                              Urban Development, 451 Seventh Street,                                                                        HUD pursuant to the Governmentwide
                                                                                                      Mortgage Loan Sale Policy
                                              SW, Washington, DC 20410–8000;                                                                                Suspension and Debarment regulations
                                                                                                         HUD reserves the right to remove                   at 2 CFR parts 180 and 2424;
                                              telephone 202–708–2625, extension
                                                                                                      mortgage loans from HVLS 2019–1 at                       2. An individual or entity that is
                                              3927. Hearing- or speech-impaired
                                                                                                      any time prior to the Award Date. HUD                 currently suspended, debarred or
                                              individuals may call 202–708–4594
                                                                                                      also reserves the right to reject any and             otherwise restricted by any department
                                              (TTY). These are not toll-free numbers.
                                                                                                      all bids, in whole or in part, and include            or agency of the federal government or
                                              SUPPLEMENTARY INFORMATION: HUD                          any reverse mortgage loans in a later                 of a state government from doing
                                              announces its intention to sell in HVLS                 sale. Deliveries of mortgage loans will               business with such department or
                                              2019–1 due and payable Secretary-held                   occur in conjunction with settlement                  agency;
                                              reverse mortgage loans. The loans                       and servicing transfer, approximately 30                 3. An individual or entity that is
                                              consist of first liens secured by single                to 45 days after the Award Date.                      currently debarred, suspended, or
                                              family, vacant residential properties,                     The HVLS 2019–1 reverse mortgage                   excluded from doing mortgage related
                                              where all borrowers are deceased, and                   loans were insured by and were                        business, including having a business
                                              no borrower is survived by a non-                       assigned to HUD pursuant to section                   license suspended, surrendered or
                                              borrowing spouse.                                       255 of the National Housing Act, as                   revoked, by any federal, state or local
                                                 A listing of the mortgage loans is                   amended. The sale of the reverse                      government agency, division or
                                              included in the due diligence materials                 mortgage loans is pursuant to section                 department;
                                              made available to qualified bidders. The                204(g) of the National Housing Act.                      4. An entity that has had its right to
                                              mortgage loans will be sold without                                                                           act as a Government National Mortgage
                                              FHA insurance and with servicing                        Mortgage Loan Sale Procedure
                                                                                                                                                            Association (‘‘Ginnie Mae’’) issuer
                                              released. HUD will offer qualified                         HUD selected an open competitive                   terminated and its interest in mortgages
                                              bidders an opportunity to bid                           whole-loan sale as the method to sell                 backing Ginnie Mae mortgage-backed
                                              competitively on the mortgage loans.                    the mortgage loans for this specific sale             securities extinguished by Ginnie Mae;
                                              The loans are expected to be offered in                 transaction. For HVLS 2019–1, HUD has                    5. An individual or entity that is in
                                              regional pools, with one or more                        determined that this method of sale                   violation of its neighborhood stabilizing
                                              geographically concentrated pools                       optimizes HUD’s return on the sale of                 outcome obligations or post-sale
                                              designated for bidding by qualified non-                these loans, affords the greatest                     reporting requirements under a
                                              profit or unit of local government                      opportunity for all qualified bidders to              Conveyance, Assignment and
                                              entities only. Qualified non-profit or                  bid on the mortgage loans, and provides               Assumption Agreement executed for
                                              unit of local government bidders will                   the quickest and most efficient vehicle               any previous mortgage loan sale of
                                              also have the opportunity to bid on up                  for HUD to dispose of the mortgage                    HUD;
                                              to 10% of the loans in a larger regional                loans.                                                   6. An employee of HUD’s Office of
                                              pool.                                                                                                         Housing, a member of such employee’s
                                                                                                      Bidder Ineligibility
                                                                                                                                                            household, or an entity owned or
                                              The Bidding Process                                        In order to bid in HVLS 2019–1 as a                controlled by any such employee or
                                                The BIP describes in detail the                       qualified bidder, a prospective bidder                member of such an employee’s
                                              procedure for bidding in HVLS 2019–1.                   must complete, execute and submit both                household with household to be
                                              The BIP also includes a standardized                    a Confidentiality Agreement and a                     inclusive of the employee’s father,
                                              non-negotiable Conveyance, Assignment                   Qualification Statement acceptable to                 mother, stepfather, stepmother, brother,
                                              and Assumption Agreement for HVLS                       HUD. In the Qualification Statement,                  sister, stepbrother, stepsister, son,
                                              2019–1 (CAA). Qualified bidders will be                 the prospective bidder must provide                   daughter, stepson, stepdaughter,
                                              required to submit a deposit with their                 certain representations and warranties                grandparent, grandson, granddaughter,
                                              bid. Deposits are calculated based upon                 regarding the prospective bidder,                     father-in-law, mother-in-law, brother-in-
                                              each qualified bidder’s aggregate bid                   including but not limited to (i) the                  law, sister-in-law, son-in-law, daughter-
                                              price.                                                  prospective bidder’s board of directors,              in-law, first cousin, the spouse of any of
                                                HUD will evaluate the bids submitted                  (ii) the prospective bidder’s direct                  the foregoing, and the employee’s
                                              and determine the successful bid, in                    parent, (iii) the prospective bidder’s                spouse;
                                              terms of the best value to HUD, in its                  subsidiaries, (iv) any related entity with               7. A contractor, subcontractor and/or
                                              sole and absolute discretion. If a                      which the prospective bidder shares a                 consultant or advisor (including any
                                              qualified bidder is successful, the                     common officer, director, subcontractor               agent, employee, partner, director, or
                                              qualified bidder’s deposit will be non-                 or sub-contractor who has access to                   principal of any of the foregoing) who
                                              refundable and will be applied toward                   Confidential Information as defined in                performed services for or on behalf of
amozie on DSK3GDR082PROD with NOTICES1




                                              the purchase price. Deposits will be                    the Confidentiality Agreement or is                   HUD in connection with the sale;
                                              returned to unsuccessful bidders.                       involved in the formation of a bid                       8. An individual or entity that
                                                This notice provides some of the basic                transaction (collectively the ‘‘Related               knowingly acquired or will acquire
                                              terms of sale. The CAA, which is                        Entities’’), and (v) the prospective                  prior to the sale date material non-
                                              included in the BIP, provides                           bidder’s repurchase lenders. The                      public information, other than that
                                              comprehensive contractual terms and                     prospective bidder is ineligible to bid on            information which is made available to
                                              conditions. To ensure a competitive                     any of the reverse mortgage loans                     Bidder by HUD pursuant to the terms of


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                                                                       Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices                                            55735

                                              this Qualification Statement, about                     Scope of Notice                                       FOR FURTHER INFORMATION CONTACT:
                                              mortgage loans offered in the sale;                       This notice applies to HVLS 2019–1                  Brenda Tapia, by phone at 703–358–
                                                 9. An individual or entity that                      and does not establish HUD’s policy for               2104, via email at DMAFR@fws.gov, or
                                              knowingly uses the services, directly or                the sale of other mortgage loans.                     via the Federal Relay Service at 800–
                                              indirectly, of any person or entity                                                                           877–8339.
                                              ineligible under 1 through 10 to assist                   Dated: November 1, 2018.
                                                                                                                                                            SUPPLEMENTARY INFORMATION:
                                              in preparing any of its bids on the                     Vance T. Morris,
                                              mortgage loans;                                         Special Assistant to the Assistant Secretary          I. Public Comment Procedures
                                                 10. An individual or entity which                    for Housing—Federal Housing Commissioner.             A. How do I comment on submitted
                                              knowingly employs or uses the services                  [FR Doc. 2018–24395 Filed 11–6–18; 8:45 am]           applications?
                                              of an employee of HUD’s Office of                       BILLING CODE 4210–67–P
                                                                                                                                                              You may submit your comments and
                                              Housing (other than in such employee’s
                                                                                                                                                            materials by one of the methods in
                                              official capacity); or
                                                                                                                                                            ADDRESSES. We will not consider
                                                 The Qualification Statement has                      DEPARTMENT OF THE INTERIOR                            comments sent by email or fax, or to an
                                              additional representations and                                                                                address not in ADDRESSES. We will not
                                              warranties which the prospective bidder                 Fish and Wildlife Service
                                                                                                                                                            consider or include in our
                                              must make, including but not limited to                                                                       administrative record comments we
                                                                                                      [Docket No. FWS–HQ–IA–2018–0084;
                                              the representation and warranty that the                FXIA16710900000–178–FF09A30000]                       receive after the close of the comment
                                              prospective bidder or its Related                                                                             period (see DATES).
                                              Entities are not and will not knowingly                 Foreign Endangered Species; Receipt                     When submitting comments, please
                                              use the services, directly or indirectly,               of Permit Applications                                specify the name of the applicant and
                                              of any person or entity that is, any of the                                                                   the permit number at the beginning of
                                              following (and to the extent that any                   AGENCY:   Fish and Wildlife Service,
                                                                                                      Interior.                                             your comment. Provide sufficient
                                              such individual or entity would prevent                                                                       information to allow us to authenticate
                                              the prospective bidder from making the                  ACTION: Notice of receipt of permit
                                                                                                                                                            any scientific or commercial data you
                                              following representations, such                         applications.
                                                                                                                                                            include. The comments and
                                              individual or entity has been removed                                                                         recommendations that will be most
                                              from participation in all activities                    SUMMARY:    We, the U.S. Fish and
                                                                                                      Wildlife Service, invite the public to                useful and likely to influence agency
                                              related to this sale and has no ability to                                                                    decisions are: (1) Those supported by
                                              influence or control individuals                        comment on applications to conduct
                                                                                                      certain activities with foreign species               quantitative information or studies; and
                                              involved in formation of a bid for this                                                                       (2) those that include citations to, and
                                              sale):                                                  that are listed as endangered under the
                                                                                                      Endangered Species Act (ESA). With                    analyses of, the applicable laws and
                                                 (1) An entity or individual is                                                                             regulations.
                                              ineligible to bid on any included reverse               some exceptions, the ESA prohibits
                                              mortgage loan or on the pool containing                 activities with listed species unless                 B. May I review comments submitted by
                                              such reverse mortgage loan because it is                Federal authorization is issued that                  others?
                                              an entity or individual that:                           allows such activities. The ESA also
                                                                                                      requires that we invite public comment                   You may view and comment on
                                                 (a) serviced or held such reverse                                                                          others’ public comments on http://
                                              mortgage loan at any time during the                    before issuing permits for activities
                                                                                                      involving endangered species.                         www.regulations.gov, unless our
                                              six-month period prior to the bid, or                                                                         allowing so would violate the Privacy
                                                 (b) is any principal of any entity or                DATES: We must receive comments by
                                                                                                                                                            Act (5 U.S.C. 552a) or Freedom of
                                              individual described in the preceding                   December 7, 2018.                                     Information Act (5 U.S.C. 552).
                                              sentence;                                               ADDRESSES: Obtaining Documents: The
                                                 (c) any employee or subcontractor of                 applications, application supporting                  C. Who will see my comments?
                                              such entity or individual during that                   materials, and any comments and other                   If you submit a comment at http://
                                              six-month period; or                                    materials that we receive will be                     www.regulations.gov, your entire
                                                 (d) any entity or individual that                    available for public inspection at http://            comment, including any personal
                                              employs or uses the services of any                     www.regulations.gov in Docket No.                     identifying information, will be posted
                                              other entity or individual described in                 FWS–HQ–IA–2018–0084.                                  on the website. If you submit a
                                              this paragraph in preparing its bid on                     Submitting Comments: When                          hardcopy comment that includes
                                              such reverse mortgage loan.                             submitting comments, please specify the               personal identifying information, such
                                                                                                      name of the applicant and the permit                  as your address, phone number, or
                                              Freedom of Information Act Requests                     number at the beginning of your                       email address, you may request at the
                                                HUD reserves the right, in its sole and               comment. You may submit comments                      top of your document that we withhold
                                              absolute discretion, to disclose                        by one of the following methods:                      this information from public review.
                                              information regarding HVLS 2019–1,                         • Internet: http://                                However, we cannot guarantee that we
                                              including, but not limited to, the                      www.regulations.gov. Search for and                   will be able to do so. Moreover, all
                                              identity of any successful qualified                    submit comments on Docket No. FWS–                    submissions from organizations or
                                              bidder and its bid price or bid                         HQ–IA–2018–0084.                                      businesses, and from individuals
                                              percentage for any pool of loans or                        • U.S. Mail or Hand-Delivery: Public               identifying themselves as
                                              individual loan, upon the closing of the                Comments Processing, Attn: Docket No.                 representatives or officials of
amozie on DSK3GDR082PROD with NOTICES1




                                              sale of all the Mortgage Loans. Even if                 FWS–HQ–IA–2018–0084; U.S. Fish and                    organizations or businesses, will be
                                              HUD elects not to publicly disclose any                 Wildlife Service Headquarters, MS:                    made available for public disclosure in
                                              information relating to HVLS 2019–1,                    BPHC; 5275 Leesburg Pike; Falls                       their entirety.
                                              HUD will disclose any information that                  Church, VA 22041–3803.
                                              HUD is obligated to disclose pursuant to                   For more information, see Public                   II. Background
                                              the Freedom of Information Act and all                  Comment Procedures under                                To help us carry out our conservation
                                              regulations promulgated thereunder.                     SUPPLEMENTARY INFORMATION.                            responsibilities for affected species, and


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Document Created: 2018-11-07 00:05:15
Document Modified: 2018-11-07 00:05:15
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 reverse mortgage loans.
DatesFor this sale action, the Bidder's Information Package (BIP) is expected to be made available to qualified bidders on or about November 14, 2018. Bids for the HVLS 2019-1 sale will be accepted on the Bid Date of December 12, 2018 (Bid Date). HUD anticipates that award(s) will be made on or about December 13, 2018 (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 Citation83 FR 55733 

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