Credit Watch Termination Initiative, 49302-49303 [E5-4614]
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49302
Federal Register / Vol. 70, No. 162 / Tuesday, August 23, 2005 / Notices
Dated: August 15, 2005.
Jayson P. Ahern,
Assistant Commissioner, Office of Field
Operations.
[FR Doc. 05–16724 Filed 8–22–05; 8:45 am]
BILLING CODE 9110–06–P
DEPARTMENT OF HOMELAND
SECURITY
Transportation Security Administration
Notice of Intent To Request Renewal
From the Office of Management and
Budget (OMB) of One Current Public
Collection of Information; Federal
Flight Deck Officer (FFDO) Program
Transportation Security
Administration (TSA), DHS.
ACTION: Notice.
AGENCY:
SUMMARY: TSA invites public comment
on one currently approved information
collection requirement abstracted below
that will be submitted to OMB for
renewal in compliance with the
Paperwork Reduction Act.
DATES: Send your comments by October
24, 2005.
ADDRESSES: Comments may be mailed
or delivered to Katrina Wawer,
Information Collection Specialist, Office
of Transportation Security Policy, TSA–
9, Transportation Security
Administration, 601 South 12th Street,
Arlington, VA 22202–4220.
FOR FURTHER INFORMATION CONTACT: Ms.
Wawer at the above address or by
telephone (571) 227–1995 or facsimile
(571) 227–2594.
SUPPLEMENTARY INFORMATION: In
accordance with the Paperwork
Reduction Act of 1995, (44 U.S.C. 3501
et seq.), an agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information,
unless it displays a valid OMB control
number. Therefore, in preparation for
submission to renew clearance of the
following information collection, TSA is
soliciting comments to—
(1) Evaluate whether the proposed
information requirement is necessary for
the proper performance of the functions
of the agency, including whether the
information will have practical utility;
(2) Evaluate the accuracy of the
agency’s estimate of the burden;
(3) Enhance the quality, utility, and
clarity of the information to be
collected; and
(4) Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
VerDate Aug<18>2005
15:03 Aug 22, 2005
Jkt 205001
technological collection techniques or
other forms of information technology.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
Information Collection Requirement
[Docket No. FR–4513–N–21]
1652–0011; Federal Flight Deck
Officer (FFDO) Program. The
Transportation Security Administration
(TSA) initially required this information
collection under Pub. L. 107–296 and
Pub. L. 108–176. See Arming Pilots
Against Terrorism Act (APATA), Title
XIV of the Homeland Security Act (Pub.
L. 107–296, Nov. 25, 2202), codified at
49 U.S.C. 44921; Vision 100—Century of
Aviation Reauthorization Act (Vision
100) (Pub. L. 108–176, 117 Stat. 2490,
Dec. 12, 2003), codified at 49 U.S.C.
44918. TSA is seeking to renew this
information collection in order to
continue collecting the information
described in this notice to comply with
its statutory mission. APATA required
TSA to establish a program to screen,
select, train, deputize, equip and
supervise qualified volunteer pilots of
passenger aircraft. With the enactment
of the Vision 100, the program was
expanded to include pilots of cargo
aircraft, as well as flight engineers and
navigators, on both passenger and cargo
aircraft.
These individuals, known as Federal
Flight Deck Officers (FFDOs), are
authorized to transport and carry a
firearm and to use force, including
deadly force, to defend the flight deck
of an aircraft against acts of criminal
violence or air piracy. In order to screen
FFDO volunteers for entry into the
program, TSA collects information,
including name, address, prior address
information, personal references,
criminal history, limited medical
information, financial information and
employment information, from
applicants through comprehensive
applications they submit to TSA. The
information collected is used to assess
the qualifications and suitability of
prospective and current FFDOs through
an online application, to ensure the
readiness of every FFDO, to administer
the program, and for security purposes.
Based on the number of current
FFDOs, TSA estimates a total of 6,000
respondents annually. It is estimated the
online application will take one hour for
each applicant to prepare, for a total
burden of 6,000 hours.
Credit Watch Termination Initiative
Issued in Arlington, Virginia, on August
17, 2005.
Lisa S. Dean,
Privacy Officer.
[FR Doc. 05–16683 Filed 8–22–05; 8:45 am]
BILLING CODE 4910–62–P
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
Office of the Assistant
Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: This notice advises of the
cause and effect of termination of
Origination Approval Agreements taken
by HUD’s Federal Housing
Administration (FHA) against HUDapproved mortgagees through the FHA
Credit Watch Termination Initiative.
This notice includes a list of mortgagees
which have had their Origination
Approval Agreements terminated.
FOR FURTHER INFORMATION CONTACT: The
Quality Assurance Division, Office of
Housing, Department of Housing and
Urban Development, 451 Seventh Street,
SW., Room B133–P3214, Washington,
DC 20410–8000; telephone (202) 708–
2830 (this is not a toll free number).
Persons with hearing or speech
impairments may access that number
through TTY by calling the Federal
Information Relay Service at (800) 877–
8339.
SUPPLEMENTARY INFORMATION: HUD has
the authority to address deficiencies in
the performance of lenders’ loans as
provided in HUD’s mortgagee approval
regulations at 24 CFR 202.3. On May 17,
1999 (64 FR 26769), HUD published a
notice on its procedures for terminating
Origination Approval Agreements with
FHA lenders and placement of FHA
lenders on Credit Watch status (an
evaluation period). In the May 17, 1999
notice, HUD advised that it would
publish in the Federal Register a list of
mortgagees, which have had their
Origination Approval Agreements
terminated.
Termination of Origination Approval
Agreement: Approval of a mortgagee by
HUD/FHA to participate in FHA
mortgage insurance programs includes
an Origination Approval Agreement
(Agreement) between HUD and the
mortgagee. Under the Agreement, the
mortgagee is authorized to originate
single family mortgage loans and submit
them to FHA for insurance
endorsement. The Agreement may be
terminated on the basis of poor
performance of FHA-insured mortgage
loans originated by the mortgagee. The
termination of a mortgagee’s Agreement
is separate and apart from any action
taken by HUD’s Mortgagee Review
Board under HUD’s regulations at 24
CFR part 25.
E:\FR\FM\23AUN1.SGM
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49303
Federal Register / Vol. 70, No. 162 / Tuesday, August 23, 2005 / Notices
Cause: HUD’s regulations permit HUD
to terminate the Agreement with any
mortgagee having a default and claim
rate for loans endorsed within the
preceding 24 months that exceeds 200
percent of the default and claim rate
within the geographic area served by a
HUD field office, and also exceeds the
national default and claim rate. For the
23rd review period, HUD is terminating
the Agreement of mortgagees whose
default and claim rate exceeds both the
national rate and 200 percent of the
field office rate.
Effect: Termination of the Agreement
precludes that branch(s) of the
mortgagee from originating FHA-insured
single family mortgages within the area
of the HUD field office(s) listed in this
notice. Mortgagees authorized to
purchase, hold, or service FHA insured
mortgages may continue to do so.
Loans that closed or were approved
before the termination became effective
may be submitted for insurance
endorsement. Approved loans are (1)
those already underwritten and
approved by a Direct Endorsement (DE)
underwriter employed by an
unconditionally approved DE lender
First Alternative Mortgage Corp.
Major Mortgage ...........................
New York Mortgage Bankers
LTD.
Primero LLC ................................
Professional Mortgage LLC .........
Realty Mortgage Corporation ......
Residential Finance Corporation
Residential Lending Corporation
HUD office
jurisdictions
145 Huguenot Street, New Rochelle, NY
10801.
5137 S 1500 W, Ogden, UT 84405 ............
128 Rivington Street, New York, NY 10002
Albany, NY ...............
6/22/2005
Philadelphia.
Salt Lake City, UT ....
New York, NY ...........
5/21/2005
5/21/2005
Denver.
Philadelphia.
2465 Sheridan Blvd., Ste. 200, Denver, CO
80214.
2232 SE Washington Blvd., Ste. 205,
Bartlesville, OK 74006.
238 Courthouse Road, Gulfport, MS 39507
401 N Front Street, Ste. 300, Columbus,
OH 43215.
3039 Premiere Pkwy., Ste. 100C, Duluth,
GA 30097.
Denver, CO ..............
6/22/2005
Denver.
Tulsa, OK .................
6/22/2005
Denver.
Jackson, MS .............
Columbus, OH ..........
5/21/2005
6/22/2005
Atlanta.
Philadelphia.
Atlanta, GA ...............
5/21/2005
Atlanta.
Dated: August 10, 2005.
Brian D. Montgomery,
Assistant Secretary for Housing-Federal
Housing Commissioner.
[FR Doc. E5–4614 Filed 8–22–05; 8:45 am]
BILLING CODE 4210–27–P
DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review:
Comment Request
August 17, 2005.
The Department of Labor (DOL) has
submitted the following public
information collection requests (ICRs) to
the Office of Management and Budget
15:03 Aug 22, 2005
well as its mortgage production,
specifically including the FHA-insured
mortgages cited in its termination
notice. This independent analysis shall
identify the underlying cause for the
mortgagee’s high default and claim rate.
The review must be conducted and
issued by an independent Certified
Public Accountant (CPA) qualified to
perform audits under Government
Auditing Standards as provided by the
General Accounting Office. The
mortgagee must also submit a written
corrective action plan to address each of
the issues identified in the CPA’s report,
along with evidence that the plan has
been implemented. The application for
a new Agreement should be in the form
of a letter, accompanied by the CPA’s
report and corrective action plan. The
request should be sent to the Director,
Office of Lender Activities and Program
Compliance, 451 Seventh Street, SW.,
Room B133–P3214, Washington, DC
20410–8000 or by courier to 490
L’Enfant Plaza, East, SW., Suite 3214,
Washington, DC 20024–8000.
Action: The following mortgagees
have had their Agreements terminated
by HUD:
Mortgagee branch address
Mortgagee name
VerDate Aug<18>2005
and (2) cases covered by a firm
commitment issued by HUD. Cases at
earlier stages of processing cannot be
submitted for insurance by the
terminated branch; however, they may
be transferred for completion of
processing and underwriting to another
mortgagee or branch authorized to
originate FHA insured mortgages in that
area. Mortgagees are obligated to
continue to pay existing insurance
premiums and meet all other obligations
associated with insured mortgages.
A terminated mortgagee may apply for
a new Origination Approval Agreement
if the mortgagee continues to be an
approved mortgagee meeting the
requirements of 24 CFR 202.5, 202.6,
202.7, 202.8 or 202.10 and 202.12, if
there has been no Origination Approval
Agreement for at least six months, and
if the Secretary determines that the
underlying causes for termination have
been remedied. To enable the Secretary
to ascertain whether the underlying
causes for termination have been
remedied, a mortgagee applying for a
new Origination Approval Agreement
must obtain an independent review of
the terminated office’s operations as
Jkt 205001
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104–13,
44 U.S.C. chapter 35). A copy of each
ICR, with applicable supporting
documentation, may be obtained by
contacting Darrin King on (202) 693–
4129 (this is not a toll-free number) or
e-mail: king.darrin@dol.gov.
Comments should be sent to Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for the
Occupational Safety and Health
Administration (OSHA), Office of
Management and Budget, Room 10235,
Washington, DC 20503, (202) 395–7316
(this is not a toll-free number), within
30 days from the date of this publication
in the Federal Register.
PO 00000
Frm 00049
Fmt 4703
Sfmt 4703
Termination
effective date
Home ownership
centers
The OMB is particularly interested in
comments which:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
E:\FR\FM\23AUN1.SGM
23AUN1
]]>Agencies
[Federal Register Volume 70, Number 162 (Tuesday, August 23, 2005)]
[Notices]
[Pages 49302-49303]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-4614]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4513-N-21]
Credit Watch Termination Initiative
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice advises of the cause and effect of termination of
Origination Approval Agreements taken by HUD's Federal Housing
Administration (FHA) against HUD-approved mortgagees through the FHA
Credit Watch Termination Initiative. This notice includes a list of
mortgagees which have had their Origination Approval Agreements
terminated.
FOR FURTHER INFORMATION CONTACT: The Quality Assurance Division, Office
of Housing, Department of Housing and Urban Development, 451 Seventh
Street, SW., Room B133-P3214, Washington, DC 20410-8000; telephone
(202) 708-2830 (this is not a toll free number). Persons with hearing
or speech impairments may access that number through TTY by calling the
Federal Information Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION: HUD has the authority to address
deficiencies in the performance of lenders' loans as provided in HUD's
mortgagee approval regulations at 24 CFR 202.3. On May 17, 1999 (64 FR
26769), HUD published a notice on its procedures for terminating
Origination Approval Agreements with FHA lenders and placement of FHA
lenders on Credit Watch status (an evaluation period). In the May 17,
1999 notice, HUD advised that it would publish in the Federal Register
a list of mortgagees, which have had their Origination Approval
Agreements terminated.
Termination of Origination Approval Agreement: Approval of a
mortgagee by HUD/FHA to participate in FHA mortgage insurance programs
includes an Origination Approval Agreement (Agreement) between HUD and
the mortgagee. Under the Agreement, the mortgagee is authorized to
originate single family mortgage loans and submit them to FHA for
insurance endorsement. The Agreement may be terminated on the basis of
poor performance of FHA-insured mortgage loans originated by the
mortgagee. The termination of a mortgagee's Agreement is separate and
apart from any action taken by HUD's Mortgagee Review Board under HUD's
regulations at 24 CFR part 25.
[[Page 49303]]
Cause: HUD's regulations permit HUD to terminate the Agreement with
any mortgagee having a default and claim rate for loans endorsed within
the preceding 24 months that exceeds 200 percent of the default and
claim rate within the geographic area served by a HUD field office, and
also exceeds the national default and claim rate. For the 23rd review
period, HUD is terminating the Agreement of mortgagees whose default
and claim rate exceeds both the national rate and 200 percent of the
field office rate.
Effect: Termination of the Agreement precludes that branch(s) of
the mortgagee from originating FHA-insured single family mortgages
within the area of the HUD field office(s) listed in this notice.
Mortgagees authorized to purchase, hold, or service FHA insured
mortgages may continue to do so.
Loans that closed or were approved before the termination became
effective may be submitted for insurance endorsement. Approved loans
are (1) those already underwritten and approved by a Direct Endorsement
(DE) underwriter employed by an unconditionally approved DE lender and
(2) cases covered by a firm commitment issued by HUD. Cases at earlier
stages of processing cannot be submitted for insurance by the
terminated branch; however, they may be transferred for completion of
processing and underwriting to another mortgagee or branch authorized
to originate FHA insured mortgages in that area. Mortgagees are
obligated to continue to pay existing insurance premiums and meet all
other obligations associated with insured mortgages.
A terminated mortgagee may apply for a new Origination Approval
Agreement if the mortgagee continues to be an approved mortgagee
meeting the requirements of 24 CFR 202.5, 202.6, 202.7, 202.8 or 202.10
and 202.12, if there has been no Origination Approval Agreement for at
least six months, and if the Secretary determines that the underlying
causes for termination have been remedied. To enable the Secretary to
ascertain whether the underlying causes for termination have been
remedied, a mortgagee applying for a new Origination Approval Agreement
must obtain an independent review of the terminated office's operations
as well as its mortgage production, specifically including the FHA-
insured mortgages cited in its termination notice. This independent
analysis shall identify the underlying cause for the mortgagee's high
default and claim rate. The review must be conducted and issued by an
independent Certified Public Accountant (CPA) qualified to perform
audits under Government Auditing Standards as provided by the General
Accounting Office. The mortgagee must also submit a written corrective
action plan to address each of the issues identified in the CPA's
report, along with evidence that the plan has been implemented. The
application for a new Agreement should be in the form of a letter,
accompanied by the CPA's report and corrective action plan. The request
should be sent to the Director, Office of Lender Activities and Program
Compliance, 451 Seventh Street, SW., Room B133-P3214, Washington, DC
20410-8000 or by courier to 490 L'Enfant Plaza, East, SW., Suite 3214,
Washington, DC 20024-8000.
Action: The following mortgagees have had their Agreements
terminated by HUD:
----------------------------------------------------------------------------------------------------------------
Mortgagee branch HUD office Termination Home ownership
Mortgagee name address jurisdictions effective date centers
----------------------------------------------------------------------------------------------------------------
First Alternative Mortgage 145 Huguenot Street, Albany, NY........ 6/22/2005 Philadelphia.
Corp.. New Rochelle, NY 10801.
Major Mortgage................. 5137 S 1500 W, Ogden, Salt Lake City, UT 5/21/2005 Denver.
UT 84405.
New York Mortgage Bankers LTD.. 128 Rivington Street, New York, NY...... 5/21/2005 Philadelphia.
New York, NY 10002.
Primero LLC.................... 2465 Sheridan Blvd., Denver, CO........ 6/22/2005 Denver.
Ste. 200, Denver, CO
80214.
Professional Mortgage LLC...... 2232 SE Washington Tulsa, OK......... 6/22/2005 Denver.
Blvd., Ste. 205,
Bartlesville, OK 74006.
Realty Mortgage Corporation.... 238 Courthouse Road, Jackson, MS....... 5/21/2005 Atlanta.
Gulfport, MS 39507.
Residential Finance Corporation 401 N Front Street, Columbus, OH...... 6/22/2005 Philadelphia.
Ste. 300, Columbus, OH
43215.
Residential Lending Corporation 3039 Premiere Pkwy., Atlanta, GA....... 5/21/2005 Atlanta.
Ste. 100C, Duluth, GA
30097.
----------------------------------------------------------------------------------------------------------------
Dated: August 10, 2005.
Brian D. Montgomery,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. E5-4614 Filed 8-22-05; 8:45 am]
BILLING CODE 4210-27-P
