Credit Watch Termination Initiative, 63501-63503 [E8-25366]
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Federal Register / Vol. 73, No. 207 / Friday, October 24, 2008 / Notices
402–4497 (this is not a toll-free
number).
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
The
Department will submit the proposed
information collection to OMB for
review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
Chapter 35, as amended). This Notice is
soliciting comments from members of
the public and affected agencies
concerning the proposed collection of
information to: (1) 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; (2) evaluate the
accuracy of the agency’s estimate of the
burden of the proposed collection of
information; (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 collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
This Notice also lists the following
information:
Title of Proposal: Continuum of Care
Homeless Assistance—Technical
Submission.
Description of the need for the
information and proposed use:
Information to be used to obtain more
detailed technical information not
contained in the original Continuum of
Care Homeless Assistance Grant
Application.
Agency form number: HUD–40090–
3a.
Members of affected public:
Applicants that are successful in the
Continuum of Care Homeless Assistance
Grant competition.
Estimation of the total number of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: 500 responses, per
annum (500 × 1 form), nine hours to
prepare HUD–20090–3a, 4,500 hours
total reporting.
Status of the proposed information
collection: New collection.
[Docket No. FR–5188–N–11]
SUPPLEMENTARY INFORMATION:
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Authority: Section 3506 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35,
as amended.
Dated: October 16, 2008.
Susan D. Peppler,
Assistant Secretary for Community Planning
and Development.
[FR Doc. E8–25367 Filed 10–23–08; 8:45 am]
BILLING CODE 4210–67–P
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Notice of Proposed Information
Collection for Public Comment:
Continuum of Care Homeless
Assistance Application—Continuum of
Care Registration
Office of the Assistant
Secretary for Community Planning and
Development, HUD.
ACTION: Notice of proposed information
collection.
AGENCY:
SUMMARY: The proposed information
collection requirement described below
will be submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act. The Department is
soliciting public comments on the
subject proposal.
DATES: Comments Due Date: December
23, 2008.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name/or OMB Control
number and should be sent to: Lillian L.
Deitzer, Departmental Reports
Management Officer, QDAM,
Department of Housing and Urban
Development, 451 7th Street, SW.,
Room 4178, Washington, DC 20410–
5000; telephone 202.402.8048 (this is
not a toll-free number) or e-mail Ms.
Deitzer at Lillian.L.Deitzer@hud.gov for
a copy of the proposed forms, or other
available information.
FOR FURTHER INFORMATION CONTACT: Ann
Marie Oliva, Office of Special Needs
Assistance Programs, CPD, Department
of Housing and Urban Development,
451 7th Street, SW., Room 7262,
Washington, DC 20410; telephone
202.402.4497 (this is not a toll-free
number).
SUPPLEMENTARY INFORMATION: The
Department will submit the proposed
information collection to OMB for
review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
Chapter 35, as amended). This Notice is
soliciting comments from members of
the public and affected agencies
concerning the proposed collection of
information to: (1) 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; (2) evaluate the
accuracy of the agency’s estimate of the
burden of the proposed collection of
information; (3) enhance the quality,
utility, and clarity of the information to
PO 00000
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Fmt 4703
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63501
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 collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
This Notice also lists the following
information:
Title of Proposal: Continuum of Care
Homeless Assistance Application—
Continuum of Care Registration.
Description of the need for the
information and proposed use:
Information to be used in the rating,
ranking and selection of proposals
submitted to HUD by State and local
governments, public housing
authorities, and nonprofit organizations
for awarded funds under the Continuum
of Care Homeless Assistance
Competition.
Agency form number: HUD–40090–1.
Members of affected public: Eligible
applicants interested in applying for
Continuum of Care Homeless Assistance
funds.
Estimation of the total number of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: 460 responses, per
annum (500 x 1 form), .5 hours to
prepare HUD–20090–1, 230 hours total
reporting.
Status of the proposed information
collection: New collection.
Authority: Section 3506 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35,
as amended.
Dated: October 16, 2008.
Susan D. Peppler,
Assistant Secretary for Community Planning
and Development.
[FR Doc. E8–25368 Filed 10–23–08; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5161–N–05 ]
Credit Watch Termination Initiative
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
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63502
Federal Register / Vol. 73, No. 207 / Friday, October 24, 2008 / Notices
which have had their Origination
Approval Agreements terminated.
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 HUD published a notice (64 FR
26769), 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
FOR FURTHER INFORMATION CONTACT:
Board under HUD’s regulations at 24
CFR part 25.
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
35th 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
Government Accountability 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 name
Mortgagee branch address
HUD office jurisdictions
Termination effective date
AAA Worldwide Financial Company .....
5057 Keller Springs Road, Addison,
TX 75001.
1745 North Brown Road, Suite 150,
Lawrenceville, GA 30043.
1512 Centerpoint Parkway, Birmingham, AL 35215.
201 Old Country Road, Melville, NY
11747.
732 Behrman Highway, Suite I, Gretna, LA 70056.
6816 East Brown Road, Mesa, AZ
85207.
Fort Worth ............
July 1, 2008 ..........
Denver.
Atlanta ..................
July 1, 2008 ..........
Atlanta.
Birmingham ..........
July 1, 2008 ..........
Atlanta.
New York ..............
July 1, 2008 ..........
Philadelphia.
Atlanta ..................
July 1, 2008 ..........
Atlanta.
San Antonio ..........
July 1, 2008 ..........
Denver.
American Mortgage Services, Inc ........
Community Home Lending, Inc ............
Ideal Mortgage Bankers .......................
Landmark Mortgage Corporation ..........
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Southwest Stage Funding LLC .............
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Homeownership
centers
63503
Federal Register / Vol. 73, No. 207 / Friday, October 24, 2008 / Notices
Dated: October 15, 2008.
Brian D. Montgomery,
Assistant Secretary for Housing—Federal
Housing Commissioner.
[FR Doc. E8–25366 Filed 10–23–08; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5186–N–43]
Federal Property Suitable as Facilities
To Assist the Homeless
Office of the Assistant
Secretary for Community Planning and
Development, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: This Notice identifies
unutilized, underutilized, excess, and
surplus Federal property reviewed by
HUD for suitability for possible use to
assist the homeless.
DATES: Effective Date: October 24, 2008.
FOR FURTHER INFORMATION CONTACT:
Kathy Ezzell, Department of Housing
and Urban Development, 451 Seventh
Street, SW., Room 7262, Washington,
DC 20410; telephone (202) 708–1234;
TTY number for the hearing- and
speech-impaired (202) 708–2565, (these
telephone numbers are not toll-free), or
call the toll-free Title V information line
at 800–927–7588.
SUPPLEMENTARY INFORMATION: In
accordance with the December 12, 1988
court order in National Coalition for the
Homeless v. Veterans Administration,
No. 88–2503–OG (D.D.C.), HUD
publishes a Notice, on a weekly basis,
identifying unutilized, underutilized,
excess and surplus Federal buildings
and real property that HUD has
reviewed for suitability for use to assist
the homeless. Today’s Notice is for the
purpose of announcing that no
additional properties have been
determined suitable or unsuitable this
week.
Dated: October 16, 2008.
Mark R. Johnston,
Deputy Assistant Secretary for Special Needs.
[FR Doc. E8–25140 Filed 10–23–08; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
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Bureau of Indian Affairs
Indian Gaming
AGENCY:
Bureau of Indian Affairs,
Interior.
VerDate Aug<31>2005
16:48 Oct 23, 2008
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Notice of Approved Tribal—
State Gaming Compact Amendment.
ACTION:
SUMMARY: This notice publishes an
approval of the First Amendment to the
Tribal-State Compact between the
Spokane Tribe and the State of
Washington.
DATES: Effective Date: October 24, 2008.
FOR FURTHER INFORMATION CONTACT:
Paula L. Hart, Acting Director, Office of
Indian Gaming, Office of the Deputy
Assistant Secretary—Policy and
Economic Development, Washington,
DC 20240, (202) 219–4066.
SUPPLEMENTARY INFORMATION: Under
Section 11 of the Indian Gaming
Regulatory Act of 1988 (IGRA), Public
Law 100–497, 25 U.S.C. 2710, the
Secretary of the Interior shall publish in
the Federal Register notice of approved
Tribal-State compacts for the purpose of
engaging in Class III gaming activities
on Indian lands. This Amendment
increases the overall limit of allowable
player terminals, incorporates
agreements that stall the availability of
higher stake table games until April 30,
2010, establishes a leasing arrangement
and places a moratorium on
amendments relating to TLS player
terminals until June 30, 2009. This
Amendment is hereby approved.
Dated: October 14, 2008.
George T. Skibine,
Acting Deputy Assistant Secretary for Policy
and Economic Development—Indian Affairs.
[FR Doc. E8–25349 Filed 10–23–08; 8:45 am]
BILLING CODE 4310–4N–P
DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
Tribal Consultation on Proposed
Special Education Policies and
Procedures
Bureau of Indian Affairs,
Interior.
ACTION: Notice of tribal consultation
meetings.
AGENCY:
SUMMARY: The Bureau of Indian
Education (BIE), Division of
Performance and Accountability (DPA),
will conduct tribal consultation
meetings to obtain oral and written
comments on proposed BIE Special
Education Policies and Procedures. The
proposed policies and procedures are
available at https://www.enan.bia.edu
under the ‘‘News and Announcements’’
section of the Web site or by calling the
individual in the FOR FURTHER
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INFORMATION CONTACT
section of this
notice.
The SUPPLEMENTARY INFORMATION
section contains the complete schedule
for the consultation meetings. Submit
written comments on the proposed BIE
Special Education Policies and
Procedures by December 15, 2008, to the
address stated in the ADDRESSES section.
DATES:
Send or hand-deliver
written comments on the proposed BIE
Special Education Policies and
Procedures to Stan Holder, Chief,
Division of Performance and
Accountability, 1011 Indian School
Road, NW., Suite 332, Albuquerque,
New Mexico 87104. Submissions by
facsimile should be sent to (505) 563–
5281.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Gloria Yepa, (505) 563–5264. You may
obtain a copy of the proposed BIE
Special Education Policies and
Procedures by contacting Sally Hollow
Horn at (505) 563–5276 or by visiting
the Web site https://www.enan.bia.edu.
SUPPLEMENTARY INFORMATION:
Background
In order to receive Federal funds
(‘‘Part B funds’’) available under the
Individuals with Disabilities Education
Act of 2004 (IDEA), the BIE must meet
eligibility requirements identified in the
law. The U.S. Department of Education
published final regulations, which
became effective on October 13, 2006,
implementing Part B of IDEA regarding
eligibility for Federal funds. See 71 FR
46540 (August 14, 2006). BIE has
drafted the proposed Special Education
Policies and Procedures, which revises
its 2002 Eligibility Document, to ensure
consistency with IDEA and the U.S.
Department of Education’s final
regulations. All Bureau-funded schools,
including grant and contract schools,
must comply with the policies and
procedures to be eligible to receive Part
B funding and ensure that students with
disabilities are appropriately served.
Purpose of the Consultation
The purpose of the consultation is to
provide Indian tribes, school boards,
parents, Indian organizations, and other
interested parties with an opportunity to
comment on the BIE’s proposed Special
Education Policies and Procedures. The
proposed policies and procedures are
available by calling the individual in the
FOR FURTHER INFORMATION CONTACT
section of this notice.
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Agencies
[Federal Register Volume 73, Number 207 (Friday, October 24, 2008)]
[Notices]
[Pages 63501-63503]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-25366]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5161-N-05 ]
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
[[Page 63502]]
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 HUD
published a notice (64 FR 26769), 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.
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 35th 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
Government Accountability 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 Homeownership
Mortgagee name address jurisdictions effective date centers
----------------------------------------------------------------------------------------------------------------
AAA Worldwide Financial Company 5057 Keller Springs Fort Worth....... July 1, 2008..... Denver.
Road, Addison, TX
75001.
American Mortgage Services, Inc 1745 North Brown Road, Atlanta.......... July 1, 2008..... Atlanta.
Suite 150,
Lawrenceville, GA
30043.
Community Home Lending, Inc.... 1512 Centerpoint Birmingham....... July 1, 2008..... Atlanta.
Parkway, Birmingham,
AL 35215.
Ideal Mortgage Bankers......... 201 Old Country Road, New York......... July 1, 2008..... Philadelphia.
Melville, NY 11747.
Landmark Mortgage Corporation.. 732 Behrman Highway, Atlanta.......... July 1, 2008..... Atlanta.
Suite I, Gretna, LA
70056.
Southwest Stage Funding LLC.... 6816 East Brown Road, San Antonio...... July 1, 2008..... Denver.
Mesa, AZ 85207.
----------------------------------------------------------------------------------------------------------------
[[Page 63503]]
Dated: October 15, 2008.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. E8-25366 Filed 10-23-08; 8:45 am]
BILLING CODE 4210-67-P