Federal Housing Administration (FHA) Title I Manufactured Home Loan Program: Notification of Availability of Program Reform Implementation and Request for Comments, 18247-18248 [E9-9121]
Download as PDF
<![CDATA[
Federal Register / Vol. 74, No. 75 / Tuesday, April 21, 2009 / Notices
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5319–N–01]
Federal Housing Administration (FHA)
Title I Manufactured Home Loan
Program:Notification of Availability of
Program Reform Implementation and
Request for Comments
mstockstill on PROD1PC66 with NOTICES
AGENCY: Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
SUMMARY: HUD has issued a 2009 Title
I Letter 2009 to implement the reforms
that were made to the Title I
Manufactured Home Loan Program
pursuant to the FHA Manufactured
Housing Modernization Act. The letter
is available at www.hud.gov/fha.
Through this notice, HUD solicits
comments on the implementation of
these reforms as presented in the letter.
HUD will take these comments into
consideration in the development of a
final rule that will follow the letter, and
codify in regulation the reforms to the
Title I Manufactured Home Loan
Program.
DATES: Comment Due Date: June 22,
2009.
ADDRESSES: Interested persons are
invited to submit comments regarding
the 2009 title I Letter 2009 to the
Regulations Division, Office of General
Counsel, Department of Housing and
Urban Development, 451 7th Street,
SW., Room 10276, Washington, DC
20410–0500. Communications must
refer to the above docket number and
title. There are two methods for
submitting public comments. All
submissions must refer to the above
docket number and title.
1. Submission of Comments by Mail.
Comments may be submitted by mail to
the Regulations Division, Office of
General Counsel, Department of
Housing and Urban Development, 451
7th Street, SW., Room 10276,
Washington, DC 20410–0500.
2. Electronic Submission of
Comments. Interested persons may
submit comments electronically through
the Federal eRulemaking Portal at
www.regulations.gov. HUD strongly
encourages commenters to submit
comments electronically. Electronic
submission of comments allows the
commenter maximum time to prepare
and submit a comment, ensures timely
receipt by HUD, and enables HUD to
make them immediately available to the
public. Comments submitted
electronically through the
www.regulations.gov Web site can be
VerDate Nov<24>2008
20:25 Apr 20, 2009
Jkt 217001
viewed by other commenters and
interested members of the public.
Commenters should follow the
instructions provided on that site to
submit comments electronically.
Note: To receive consideration as public
comments, comments must be submitted
through one of the two methods specified
above. Again, all submissions must refer to
the docket number and title of the rule.
No Facsimile Comments. Facsimile
(FAX) comments are not acceptable.
Public Inspection of Public
Comments. All properly submitted
comments and communications
submitted to HUD will be available for
public inspection and copying between
8 a.m. and 5 p.m. weekdays at the above
address. Due to security measures at the
HUD Headquarters building, an
appointment to review the public
comments must be scheduled in
advance by calling the Regulations
Division at 202–708–3055 (this is not a
toll-free number). Individuals with
speech or hearing impairments may
access this number via TTY by calling
the Federal Information Relay Service at
800–877–8339. Copies of all comments
submitted are available for inspection
and downloading at
www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: For
information contact, Margaret Burns,
Director, Office of Single Family
Program Development, Office of
Housing, Department of Housing and
Urban Development, 451 7th Street,
SW., Room 9278, Washington, DC
20410–8000; telephone number 202–
708–2121. (This is not a toll-free
number.) Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Information Relay Service
at 1–800–877–8339.
SUPPLEMENTARY INFORMATION:
The FHA Manufactured Housing Loan
Modernization Act of 2008 (Subtitle B of
Title II of the Housing and Economic
Recovery Act of 2008; Public Law 110–
289, approved July 30, 2008) (Act),
amended various provisions in section 2
of Title I of the National Housing Act
(12 U.S.C. 1703 et seq.) relating to the
Manufactured Home Loan Program for
the purpose of providing: (1) Adequate
funding for FHA insured manufactured
housing for low and moderate income
homebuyers, (2) modernizing the FHA
Title I insurance program for
manufactured housing loans to enhance
participation by Ginnie Mae and the
private lending markets, and (3) to
adjust the low loan limits for Title I
manufactured home loan insurance to
reflect the increase in costs since such
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
18247
limits were last increased in 1992 and
to index the limits to inflation.
The Act revised the FHA Title I
Manufactured Home Loan Program by:
(1) Increasing the loan limits and
establishing indexing for future
adjustments based on inflation, (2)
changing the insurance type from
portfolio insurance to individual loan
insurance, (3) providing that insurance
on each individually Title I insured
manufactured home loan be
incontestable, except for fraud or
misrepresentation, (4) changing the
method for calculating the insurance
premium by allowing for both an
upfront insurance premium, not to
exceed 2.25 percent, and an annual
insurance premium to be paid during
the term of the loan, not to exceed 1.0
percent, (5) revising the underwriting
criteria for loans and advances of credit
in connection with the Title I
manufactured home loan products as
may be necessary to ensure that the
program is financially sound, and (6)
requiring a leasehold agreement if a
manufactured home unit is to be
situated in a manufactured home
community. The term of the lease must
not less than 3 years, renewable upon
expiration of the original term by
successive 1 year terms. The lessor must
provide the lessee written notice of
termination of the lease not less than
180 days prior to expiration of the
current lease.
A Title I Letter has been issued to
implement these reforms. HUD requests
comments from lenders and other
interested parties with regard to the
implementation of these reforms. All
comments received will be reviewed
and considered by HUD in its
development of a rule amending the
Title I Manufactured Home Loan
Program regulations at 24 CFR part 201.
The rule will adopt the letter as issued
or as may be revised pursuant to public
comment or further consideration by
HUD. Although FHA welcomes
comments on all aspects of the Title I
Letter, it is especially interested in
receiving comments concerning upfront
and periodic insurance charges, the
methodology for indexing so as to be
able to annually adjust the maximum
loan limits, the underwriting criteria,
and the potential economic costs and
benefits of the reforms contained in the
letter.
Comments must be submitted by the
deadline date established in the DATES
section of this notice, and in accordance
with the instructions contained in the
ADDRESSES section of this notice.
E:\FR\FM\21APN1.SGM
21APN1
18248
Federal Register / Vol. 74, No. 75 / Tuesday, April 21, 2009 / Notices
Dated: April 14, 2009.
Brian D. Montgomery,
Assistant Secretary for Housing—Federal
Housing Commissioner.
[FR Doc. E9–9121 Filed 4–20–09; 8:45 am]
BILLING CODE 4210–67–P
INTER–AMERICAN FOUNDATION
BOARD
Inter-American Foundation Board
Meeting; Sunshine Act Meetings
TIME AND DATE: April 27, 2009, 9 a.m.–
1 p.m.
PLACE: 901 N. Stuart Street, Tenth Floor,
Arlington, Virginia 22203.
STATUS: Open to the public.
MATTERS TO BE CONSIDERED:
• Approval of the Minutes of the
December 15, 2008, Meeting of the
Board of Directors
• President’s Report
• Regional and Summit of the
Americas Overview
• Congressional Affairs
• IAF Program Activities
• RedEAmerica
• Operations
• IAF Advisory Council
• Board Site Visit
PORTIONS TO BE OPEN TO THE PUBLIC:
• Approval of the Minutes of the
December 15, 2008, Meeting of the
Board of Directors
• President’s Report
• Regional and Summit of the
Americas Overview
• Congressional Affairs
• IAF Program Activities
• RedEAmerica
• Operations
• IAF Advisory Council
• Board Site Visit
FOR FURTHER INFORMATION CONTACT:
Jennifer Hodges Reynolds, General
Counsel, (703) 306–4301.
Dated: April 13, 2009.
Jennifer Hodges Reynolds,
General Counsel.
[FR Doc. E9–9215 Filed 4–17–09; 4:15 pm]
BILLING CODE 7025–01–P
DEPARTMENT OF THE INTERIOR
mstockstill on PROD1PC66 with NOTICES
U.S. Geological Survey
Agency Information Collection
Activity; National Cooperative
Geologic Mapping Program (EDMAP
and STATEMAP)
U.S. Geological Survey (USGS).
Notice of a new information
collection.
AGENCY:
ACTION:
VerDate Nov<24>2008
20:25 Apr 20, 2009
Jkt 217001
SUMMARY: To comply with the
Paperwork Reduction Act of 1995
(PRA), we are notifying the public that
we have submitted to the Office of
Management and Budget (OMB) a new
information collection request (ICR) for
approval of the paperwork requirements
for the National Cooperative Geologic
Mapping Program (NCGMP). The
NCGMP has two components:
educational (EDMAP) and State
(STATEMAP). This notice provides the
public an opportunity to comment on
the paperwork burden of the application
requirements discussed below.
DATES: You must submit comments on
or before May 21, 2009.
ADDRESSES: Please submit comments on
this information collection directly to
the Office of Management and Budget,
Office of Information and Regulatory
Affairs, Attention: Desk Officer for the
Department of the Interior, via e-mail
[OIRA_DOCKET@omb.eop.gov] or fax
(202) 395–5806; and identify your
submission as 1028–NEW. Please also
submit a copy of your comments to
Phadrea Ponds, USGS Information
Collection Clearance Officer, 2150–C
Center Avenue, Fort Collins, CO 80525
(mail); (970) 226–9230 (fax); or
pponds@usgs.gov (e-mail). Please
reference Information Collection 1028–
NEW, NCGMP in the subject line.
FOR FURTHER INFORMATION PLEASE
CONTACT: To request additional
information about this ICR, contact
Randall Orndorff, Associate Program
Coordinator (STATEMAP and EDMAP),
National Cooperative Geological
Mapping Program, U.S. Geological
Survey, 12201 Sunrise Valley Drive, MS
908, Reston, VA 20192 (mail); at 703–
648–4316 (telephone); or
rorndorff@usgs.gov (e-mail).
SUPPLEMENTARY INFORMATION:
I. Abstract
The primary objective of the EDMAP
component of the NCGMP is to train the
next generation of geologic mappers. To
do this, NCGMP provides funds for
graduate and selected undergraduate
students in academic research projects
that involve geologic mapping as a
major component. Through these
cooperative agreements, NCGMP hopes
to expand the research and educational
capacity of academic programs that
teach earth science students the
techniques of geologic mapping and
field data analysis. We will accept only
one proposal from an individual
principal investigator (professor or
faculty advisor), although we will
accept more than one proposal from a
single university if authored by different
principal investigators. Although
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
EDMAP awards support student
mapping in the field, the student’s
faculty advisor must write the proposal.
All applications must be submitted
through Grants.gov.
The primary objective of the
STATEMAP component of the NCGMP
is to establish the geologic framework of
areas determined to be vital to the
economic, social, or scientific welfare of
individual States. The State geologist
determines mapping priorities in
consultation with a multirepresentational State Mapping
Advisory Committee. We will accept
only one proposal from each State each
fiscal year. Proposals may contain a
number of geologic mapping projects
and may include one compilation or
digitization project, or all projects may
be for new mapping if the State chooses.
All applications must be submitted
through Grants.gov.
II. Data
OMB Control Number: None. This is
a new collection.
Title: National Cooperative Geologic
Mapping Program (EDMAP and
STATEMAP).
Respondent Obligation: Required to
obtain or retain a benefit.
Frequency of Collection: Annually.
Estimated Number and Description of
Respondents: 101. U.S. accredited
university geoscience or related
departments are eligible for EDMAP
funds. University professors must write
and submit the proposals. Only State
Geological Surveys are eligible to apply
for the STATEMAP component. Since
many State Geological Surveys are
organized under a State university
system, such universities may submit a
proposal on behalf of the State
Geological Survey.
Estimated Number of Annual
Responses: 101.
Estimated Annual Reporting and
Recordkeeping ‘‘Hour’’ Burden: 2,020.
We expect to receive 55 applications for
EDMAP and 46 for STATEMAP, each
taking 20 hours to complete. This
includes the time for project conception
and development, proposal writing and
reviewing, and submitting a project
narrative through Grants.gov.
Estimated Reporting and
Recordkeeping ‘‘Non-Hour Cost’’
Burden: There are no ‘‘non-hour cost’’
burdens associated with this collection
of information.
III. Request for Comments
On April 22, 2008, we published a
Federal Register notice (73 FR 21646)
soliciting comments on the STATEMAP
component. The comment period closed
on June 23, 2008. On August 26, 2008,
E:\FR\FM\21APN1.SGM
21APN1
]]>Agencies
[Federal Register Volume 74, Number 75 (Tuesday, April 21, 2009)]
[Notices]
[Pages 18247-18248]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-9121]
[[Page 18247]]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5319-N-01]
Federal Housing Administration (FHA) Title I Manufactured Home
Loan Program:Notification of Availability of Program Reform
Implementation and Request for Comments
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD has issued a 2009 Title I Letter 2009 to implement the
reforms that were made to the Title I Manufactured Home Loan Program
pursuant to the FHA Manufactured Housing Modernization Act. The letter
is available at www.hud.gov/fha. Through this notice, HUD solicits
comments on the implementation of these reforms as presented in the
letter. HUD will take these comments into consideration in the
development of a final rule that will follow the letter, and codify in
regulation the reforms to the Title I Manufactured Home Loan Program.
DATES: Comment Due Date: June 22, 2009.
ADDRESSES: Interested persons are invited to submit comments regarding
the 2009 title I Letter 2009 to the Regulations Division, Office of
General Counsel, Department of Housing and Urban Development, 451 7th
Street, SW., Room 10276, Washington, DC 20410-0500. Communications must
refer to the above docket number and title. There are two methods for
submitting public comments. All submissions must refer to the above
docket number and title.
1. Submission of Comments by Mail. Comments may be submitted by
mail to the Regulations Division, Office of General Counsel, Department
of Housing and Urban Development, 451 7th Street, SW., Room 10276,
Washington, DC 20410-0500.
2. Electronic Submission of Comments. Interested persons may submit
comments electronically through the Federal eRulemaking Portal at
www.regulations.gov. HUD strongly encourages commenters to submit
comments electronically. Electronic submission of comments allows the
commenter maximum time to prepare and submit a comment, ensures timely
receipt by HUD, and enables HUD to make them immediately available to
the public. Comments submitted electronically through the
www.regulations.gov Web site can be viewed by other commenters and
interested members of the public. Commenters should follow the
instructions provided on that site to submit comments electronically.
Note: To receive consideration as public comments, comments
must be submitted through one of the two methods specified above.
Again, all submissions must refer to the docket number and title of
the rule.
No Facsimile Comments. Facsimile (FAX) comments are not acceptable.
Public Inspection of Public Comments. All properly submitted
comments and communications submitted to HUD will be available for
public inspection and copying between 8 a.m. and 5 p.m. weekdays at the
above address. Due to security measures at the HUD Headquarters
building, an appointment to review the public comments must be
scheduled in advance by calling the Regulations Division at 202-708-
3055 (this is not a toll-free number). Individuals with speech or
hearing impairments may access this number via TTY by calling the
Federal Information Relay Service at 800-877-8339. Copies of all
comments submitted are available for inspection and downloading at
www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: For information contact, Margaret
Burns, Director, Office of Single Family Program Development, Office of
Housing, Department of Housing and Urban Development, 451 7th Street,
SW., Room 9278, Washington, DC 20410-8000; telephone number 202-708-
2121. (This is not a toll-free number.) Persons with hearing or speech
impairments may access this number through TTY by calling the toll-free
Federal Information Relay Service at 1-800-877-8339.
SUPPLEMENTARY INFORMATION:
The FHA Manufactured Housing Loan Modernization Act of 2008
(Subtitle B of Title II of the Housing and Economic Recovery Act of
2008; Public Law 110-289, approved July 30, 2008) (Act), amended
various provisions in section 2 of Title I of the National Housing Act
(12 U.S.C. 1703 et seq.) relating to the Manufactured Home Loan Program
for the purpose of providing: (1) Adequate funding for FHA insured
manufactured housing for low and moderate income homebuyers, (2)
modernizing the FHA Title I insurance program for manufactured housing
loans to enhance participation by Ginnie Mae and the private lending
markets, and (3) to adjust the low loan limits for Title I manufactured
home loan insurance to reflect the increase in costs since such limits
were last increased in 1992 and to index the limits to inflation.
The Act revised the FHA Title I Manufactured Home Loan Program by:
(1) Increasing the loan limits and establishing indexing for future
adjustments based on inflation, (2) changing the insurance type from
portfolio insurance to individual loan insurance, (3) providing that
insurance on each individually Title I insured manufactured home loan
be incontestable, except for fraud or misrepresentation, (4) changing
the method for calculating the insurance premium by allowing for both
an upfront insurance premium, not to exceed 2.25 percent, and an annual
insurance premium to be paid during the term of the loan, not to exceed
1.0 percent, (5) revising the underwriting criteria for loans and
advances of credit in connection with the Title I manufactured home
loan products as may be necessary to ensure that the program is
financially sound, and (6) requiring a leasehold agreement if a
manufactured home unit is to be situated in a manufactured home
community. The term of the lease must not less than 3 years, renewable
upon expiration of the original term by successive 1 year terms. The
lessor must provide the lessee written notice of termination of the
lease not less than 180 days prior to expiration of the current lease.
A Title I Letter has been issued to implement these reforms. HUD
requests comments from lenders and other interested parties with regard
to the implementation of these reforms. All comments received will be
reviewed and considered by HUD in its development of a rule amending
the Title I Manufactured Home Loan Program regulations at 24 CFR part
201. The rule will adopt the letter as issued or as may be revised
pursuant to public comment or further consideration by HUD. Although
FHA welcomes comments on all aspects of the Title I Letter, it is
especially interested in receiving comments concerning upfront and
periodic insurance charges, the methodology for indexing so as to be
able to annually adjust the maximum loan limits, the underwriting
criteria, and the potential economic costs and benefits of the reforms
contained in the letter.
Comments must be submitted by the deadline date established in the
DATES section of this notice, and in accordance with the instructions
contained in the ADDRESSES section of this notice.
[[Page 18248]]
Dated: April 14, 2009.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. E9-9121 Filed 4-20-09; 8:45 am]
BILLING CODE 4210-67-P
