Notice of Single Family Loan Sale (SFLS 2010), 57052-57053 [2010-23182]

Download as PDF 57052 Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 education facilities, and a new public library. The Sunset Area contains many public amenities and publicly-owned parcels creating significant opportunities for partnership and integration of civil infrastructure improvements. The City of Renton has already undertaken significant effort to prioritize strategies for public investment in the Sunset Area through the work of the recently approved Sunset Area Community Investment Strategy. Sunset Terrace’s redevelopment provides the opportunity to evaluate the neighborhood as a whole and determine what future land use redevelopment is possible and what public service and infrastructure improvements should be made in order to make this a more vibrant and attractive community for residents, businesses and property owners. The EIS will address the primary proposal of the Sunset Terrace area redevelopment as well as evaluate secondary proposals such as neighborhood redevelopment and supporting services and infrastructure improvements. The City of Renton is also proposing to adopt a Planned Action Ordinance pursuant to SEPA. A Planned Action Ordinance, if adopted, would not require future SEPA threshold determinations or EISs when future projects are consistent with EIS assumptions and mitigation measures. Alternatives to the Proposed Action: The alternatives to be considered by the lead agency will include the proposed action, a no action alternative, and a redevelopment alternative to the proposed action. The redevelopment alternative will be finalized after conclusion of the scoping comment period. It may address alternative land use mixes, infrastructure options, or other features. Probable Environmental Effects The lead agency has preliminarily identified the following areas for discussion in the EIS: aesthetics; air quality, including greenhouse gas emissions; earth; energy; environmental health; environmental justice; historic/ cultural resources; housing; land use; noise; parks and recreation; plants and animals; public services, including public education, safety, health, and social services; socioeconomics, including demographic, employment, and displacement; transportation; utilities, including wastewater, stormwater, water supply, telecommunication, natural gas, power, electrical; and water resources, including groundwater and surface water. VerDate Mar<15>2010 14:46 Sep 16, 2010 Jkt 220001 Lead Agency This EIS will be a joint National Environmental Policy Act (NEPA) and Washington State Environmental Policy Act (SEPA) document intended to satisfy requirements of federal and state environmental statutes. In accordance with specific statutory authority and HUD’s regulations at 24 CFR part 58, the City of Renton is authorized to assume responsibility for environmental review, decision-making, and action that would otherwise to apply HUD under NEPA, which includes NEPA lead agency responsibility. Questions may be directed to the individuals named in this notice under the heading ‘‘For Further Information Contact.’’ Dated: August 23, 2010. ´ Mercedes Marquez, Assistant Secretary for Community Planning and Development. [FR Doc. 2010–23181 Filed 9–16–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5375–N–36] Federal Property Suitable as Facilities To Assist the Homeless Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice. AGENCY: 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: September 17, 2010. SUMMARY: 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 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 purpose of announcing that no additional properties have been determined suitable or unsuitable this week. Dated: September 9, 2010. Mark R. Johnston, Deputy Assistant Secretary for Special Needs. [FR Doc. 2010–22918 Filed 9–16–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5442–N–01] Notice of Single Family Loan Sale (SFLS 2010) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sale of mortgage loans. AGENCY: This notice announces HUD’s intention to sell certain unsubsidized single family mortgage loans, without Federal Housing Administration (FHA) mortgage insurance, in a competitive, sealed bid sale (SFLS 2010). This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. DATES: The Bidder’s Information Package (BIP) was made available to qualified bidders on August 31, 2010. Bids for the loans must be submitted on the bid date, which is currently scheduled for September 22, 2010. HUD anticipates that award(s) will be made on or about September 22, 2010 (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 will be available on the HUD Web site at http:// www.hud.gov/offices/hsg/comp/asset/ sfam/sfls.cfm. Please mail and fax executed documents to HUD’s Asset Sales Office: Asset Sales Office, United States Department of Housing and Urban Development, 451 7th Street, SW., Room 3136, Washington, DC 20410, Attention: Single Family Sale Coordinator, Fax: 202–708–2771. FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy 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 speechimpaired individuals may call 202–708– 4594 (TTY). These are not toll-free numbers. SUMMARY: E:\FR\FM\17SEN1.SGM 17SEN1 Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices HUD announces its intention to sell in SFLS 2010 certain unsubsidized nonperforming mortgage loans (Mortgage Loans) secured by single family properties located throughout the United States. A listing of the Mortgage Loans will be included in the due diligence materials made available to 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 Mortgage Loans may be stratified for bidding purposes into several mortgage loan pools based on the geographic location of the underlying properties. Qualified bidders may submit bids on one or more pools of Mortgage Loans. This is a sale of unsubsidized mortgage loans, which are to be assigned to HUD pursuant to section 204(a)(1)(A) of the National Housing Act (the NHA), amended under Title VI of the Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act, 1999. The sale of the loans is pursuant to section 204(g) of the NHA. The Bidding Process The BIP describes in detail the procedure for bidding in SFLS 2010. The BIP also includes a standardized non-negotiable Conveyance, Assignment and Assumption Agreement (CAA Agreement). Bidders will be required to submit a deposit with their bid. Deposits are calculated based upon each bidder’s aggregate bid price. HUD will evaluate the bids submitted and determine the successful bid or bids, in terms of the best value to HUD, in its sole and absolute discretion. If a bidder is successful, the bidder’s deposit will be non-refundable and will be applied toward the purchase price. Deposits will be returned to unsuccessful bidders. Closings are expected to take place on September 22, 2010 and October 27, 2010. This notice provides a summary of some of the essential terms of sale. The CAA Agreement, which is included in the BIP, contains additional terms and details. To ensure a competitive bidding process, the terms of the bidding process and the CAA Agreement are not subject to negotiation. Bidder Eligibility In order to bid in the sale, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. After receiving the BIP, bidders will also complete a Bid Terms Acknowledgement Form which will provide them access to HUD online bidding site. The following individuals and entities are ineligible to bid on any of the Mortgage Loans included in SFLS 2010: (1) Any employee of HUD, 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; (2) any individual or entity that is debarred, suspended, or excluded from doing business with HUD pursuant to Title 24 of the Code of Federal Regulations, Part 24, and Title 25 of the Code of Federal Regulations, Part 2424; (3) any contractor, subcontractor and/ or consultant or advisor (including any agent, employee, partner, director, principal or affiliate of any of the foregoing) who performed services for or on behalf of HUD in connection with SFLS 2010; (4) any individual or entity that uses the services, directly or indirectly, of any person or entity ineligible under subparagraphs 1 through 3 above to assist in preparing any of its bids on the Mortgage Loans; (5) any individual or entity which employs or uses the services of an employee of HUD (other than in such employee’s official capacity) who is involved in SFLS 2010; (6) any entity or individual that serviced or held any Mortgage Loan at any time during the 2-year period prior to the bid is ineligible to bid on such SUPPLEMENTARY INFORMATION: wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 Due Diligence Review The BIP describes how bidders may access the due diligence materials remotely via a high-speed internet connection. Mortgage Loan Sale Policy HUD reserves the right to remove Mortgage Loans from SFLS 2010 at any time prior to the Award Date. HUD also reserves the right to reject any and all bids, in whole or in part, without prejudice to HUD’s right to include any Mortgage Loans in a later sale. Mortgage Loans will not be withdrawn after the Award Date except as is specifically provided in the CAA Agreement. VerDate Mar<15>2010 14:46 Sep 16, 2010 Jkt 220001 Mortgage Loan Sale Procedure HUD selected a competitive sale as the method to sell the Mortgage Loans. This method of sale optimizes HUD’s return on the sale of these Mortgage Loans, affords the greatest opportunity for all qualified bidders to bid on the Mortgage Loans, and provides the quickest and most efficient vehicle for HUD to dispose of the Mortgage Loans. PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 57053 Mortgage Loan or on the pool containing such Mortgage Loan, and (7) also ineligible to bid on any Mortgage Loan are: (a) Any affiliate or principal of any entity or individual described in the preceding sentence (subparagraph 6); (b) any employee or subcontractor of such entity or individual during that 2-year period; or (c) any entity or individual that employs or uses the services of any other entity or individual described in this subparagraph in preparing its bid on such Mortgage Loan. Freedom of Information Act Requests HUD reserves the right, in its sole and absolute discretion, to disclose information regarding SFLS 2010, including, but not limited to, the identity of any successful bidder and its bid price or bid percentage for any pool of loans or individual loan, upon the closing of the sale of all the Mortgage Loans. Even if HUD elects not to publicly disclose any information relating to SFLS 2010, HUD will have the right to disclose any information that HUD is obligated to disclose pursuant to the Freedom of Information Act and all regulations promulgated thereunder. Scope of Notice This notice applies to SFLS 2010 and does not establish HUD’s policy for the sale of other mortgage loans. Dated: September 10, 2010. David H. Stevens, Assistant Secretary for Housing—Federal Housing Commissioner. [FR Doc. 2010–23182 Filed 9–16–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service [FWS–R1–R–2010–N146; 1265–0000–10137 S3] Camas National Wildlife Refuge, Jefferson County, ID; Comprehensive Conservation Plan and Environmental Assessment Fish and Wildlife Service, Interior. ACTION: Notice of intent; request for comments. AGENCY: We, the U.S. Fish and Wildlife Service (Service), intend to prepare a comprehensive conservation plan (CCP) for Camas National Wildlife Refuge (refuge) in Hamer, ID. We will also prepare an environmental assessment (EA) to evaluate the SUMMARY: E:\FR\FM\17SEN1.SGM 17SEN1

Agencies

[Federal Register Volume 75, Number 180 (Friday, September 17, 2010)]
[Notices]
[Pages 57052-57053]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-23182]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5442-N-01]


Notice of Single Family Loan Sale (SFLS 2010)

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

ACTION: Notice of sale of mortgage loans.

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

SUMMARY: This notice announces HUD's intention to sell certain 
unsubsidized single family mortgage loans, without Federal Housing 
Administration (FHA) mortgage insurance, in a competitive, sealed bid 
sale (SFLS 2010). This notice also generally describes the bidding 
process for the sale and certain persons who are ineligible to bid.

DATES: The Bidder's Information Package (BIP) was made available to 
qualified bidders on August 31, 2010. Bids for the loans must be 
submitted on the bid date, which is currently scheduled for September 
22, 2010. HUD anticipates that award(s) will be made on or about 
September 22, 2010 (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 will be available on the HUD Web site at http://www.hud.gov/offices/hsg/comp/asset/sfam/sfls.cfm.
    Please mail and fax executed documents to HUD's Asset Sales Office: 
Asset Sales Office, United States Department of Housing and Urban 
Development, 451 7th Street, SW., Room 3136, Washington, DC 20410, 
Attention: Single Family Sale Coordinator, Fax: 202-708-2771.

FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy 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.

[[Page 57053]]


SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 
2010 certain unsubsidized non-performing mortgage loans (Mortgage 
Loans) secured by single family properties located throughout the 
United States. A listing of the Mortgage Loans will be included in the 
due diligence materials made available to 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 Mortgage Loans may be stratified for bidding purposes into 
several mortgage loan pools based on the geographic location of the 
underlying properties. Qualified bidders may submit bids on one or more 
pools of Mortgage Loans.

The Bidding Process

    The BIP describes in detail the procedure for bidding in SFLS 2010. 
The BIP also includes a standardized non-negotiable Conveyance, 
Assignment and Assumption Agreement (CAA Agreement). Bidders will be 
required to submit a deposit with their bid. Deposits are calculated 
based upon each bidder's aggregate bid price.
    HUD will evaluate the bids submitted and determine the successful 
bid or bids, in terms of the best value to HUD, in its sole and 
absolute discretion. If a bidder is successful, the bidder's deposit 
will be non-refundable and will be applied toward the purchase price. 
Deposits will be returned to unsuccessful bidders. Closings are 
expected to take place on September 22, 2010 and October 27, 2010.
    This notice provides a summary of some of the essential terms of 
sale. The CAA Agreement, which is included in the BIP, contains 
additional terms and details. To ensure a competitive bidding process, 
the terms of the bidding process and the CAA Agreement are not subject 
to negotiation.

Due Diligence Review

    The BIP describes how bidders may access the due diligence 
materials remotely via a high-speed internet connection.

Mortgage Loan Sale Policy

    HUD reserves the right to remove Mortgage Loans from SFLS 2010 at 
any time prior to the Award Date. HUD also reserves the right to reject 
any and all bids, in whole or in part, without prejudice to HUD's right 
to include any Mortgage Loans in a later sale. Mortgage Loans will not 
be withdrawn after the Award Date except as is specifically provided in 
the CAA Agreement.
    This is a sale of unsubsidized mortgage loans, which are to be 
assigned to HUD pursuant to section 204(a)(1)(A) of the National 
Housing Act (the NHA), amended under Title VI of the Departments of 
Veterans Affairs and Housing and Urban Development and Independent 
Agencies Appropriations Act, 1999. The sale of the loans is pursuant to 
section 204(g) of the NHA.

Mortgage Loan Sale Procedure

    HUD selected a competitive sale as the method to sell the Mortgage 
Loans. This method of sale optimizes HUD's return on the sale of these 
Mortgage Loans, affords the greatest opportunity for all qualified 
bidders to bid on the Mortgage Loans, and provides the quickest and 
most efficient vehicle for HUD to dispose of the Mortgage Loans.

Bidder Eligibility

    In order to bid in the sale, a prospective bidder must complete, 
execute and submit both a Confidentiality Agreement and a Qualification 
Statement acceptable to HUD. After receiving the BIP, bidders will also 
complete a Bid Terms Acknowledgement Form which will provide them 
access to HUD online bidding site. The following individuals and 
entities are ineligible to bid on any of the Mortgage Loans included in 
SFLS 2010:
    (1) Any employee of HUD, 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;
    (2) any individual or entity that is debarred, suspended, or 
excluded from doing business with HUD pursuant to Title 24 of the Code 
of Federal Regulations, Part 24, and Title 25 of the Code of Federal 
Regulations, Part 2424;
    (3) any contractor, subcontractor and/or consultant or advisor 
(including any agent, employee, partner, director, principal or 
affiliate of any of the foregoing) who performed services for or on 
behalf of HUD in connection with SFLS 2010;
    (4) any individual or entity that uses the services, directly or 
indirectly, of any person or entity ineligible under subparagraphs 1 
through 3 above to assist in preparing any of its bids on the Mortgage 
Loans;
    (5) any individual or entity which employs or uses the services of 
an employee of HUD (other than in such employee's official capacity) 
who is involved in SFLS 2010;
    (6) any entity or individual that serviced or held any Mortgage 
Loan at any time during the 2-year period prior to the bid is 
ineligible to bid on such Mortgage Loan or on the pool containing such 
Mortgage Loan, and
    (7) also ineligible to bid on any Mortgage Loan are: (a) Any 
affiliate or principal of any entity or individual described in the 
preceding sentence (subparagraph 6); (b) any employee or subcontractor 
of such entity or individual during that 2-year period; or (c) any 
entity or individual that employs or uses the services of any other 
entity or individual described in this subparagraph in preparing its 
bid on such Mortgage Loan.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding SFLS 2010, including, but not limited 
to, the identity of any successful bidder and its bid price or bid 
percentage for any pool of loans or individual loan, upon the closing 
of the sale of all the Mortgage Loans. Even if HUD elects not to 
publicly disclose any information relating to SFLS 2010, HUD will have 
the right to disclose any information that HUD is obligated to disclose 
pursuant to the Freedom of Information Act and all regulations 
promulgated thereunder.

Scope of Notice

    This notice applies to SFLS 2010 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: September 10, 2010.
David H. Stevens,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2010-23182 Filed 9-16-10; 8:45 am]
BILLING CODE 4210-67-P