Credit Watch Termination Initiative; Termination of Direct Endorsement (DE) Approval, 53148-53149 [2011-21720]

Download as PDF 53148 Federal Register / Vol. 76, No. 165 / Thursday, August 25, 2011 / Notices Note to All Employers Employers are reminded that the laws requiring employment eligibility verification and prohibiting unfair immigration-related employment practices remain in full force. This notice does not supersede or in any way limit applicable employment verification rules and policy guidance, including those rules setting forth reverification requirements. For questions, employers may call the USCIS Customer Assistance Office at 1– 800–357–2099. The USCIS Customer Assistance Office accepts calls in English and Spanish only. Employers may also call the Department of Justice (DOJ) Office of Special Counsel for Immigration-Related Unfair Employment Practices (OSC) Employer Hotline at 1–800–255–8155. Note to Employees Employees or applicants may call the DOJ OSC Worker Information Hotline at 1–800–255–7688 for information regarding employment discrimination based upon citizenship or immigration status, and national origin, unfair documentary practices related to the Form I–9, and discriminatory practices related E-Verify. Employers must accept any document or combination of documents acceptable for Form I–9 completion if the documentation reasonably appears to be genuine and to relate to the employee. Employers may not require extra or additional documentation beyond what is required for Form I–9 completion. Further, employees who receive an initial mismatch via E-Verify must be given an opportunity to challenge the mismatch, and employers are prohibited from taking adverse action against such employees based on the initial mismatch unless and until E-Verify returns a final non-confirmation. The Hotline accepts calls in multiple languages. Additional information is available on the OSC Web site at http:// www.justice.gov/crt/osc/. srobinson on DSK4SPTVN1PROD with NOTICES Note Regarding Federal, State and Local Government Agencies (Such as Departments of Motor Vehicles) State and local government agencies are permitted to create their own guidelines when granting certain benefits, such as a driver’s license or an identification card. Each state may have different laws, requirements, and determinations about what documents you need to provide to prove eligibility for certain benefits. If you are applying for a state or local government benefit, you may need to provide the state or local government agency with VerDate Mar<15>2010 16:39 Aug 24, 2011 Jkt 223001 documents that show you are covered under DED and show you are authorized to work based on DED. Examples of documents state or local government agencies may require are: (1) Your expired EAD that has been automatically extended, or your EAD that has a valid expiration date; (2) A copy of this Federal Register notice if your EAD is automatically extended under this notice; (3) A copy of your past Form I–821 Approval Notice (Form I–797), if you receive one from USCIS; and (4) If there is an automatic extension of work authorization, a copy of the fact sheet from the USCIS DED Web page that provides information on the automatic extension. Check with the state or local agency regarding which document(s) the agency will accept. Some benefit-granting agencies use the USCIS Systematic Alien Verification for Entitlements Program (SAVE) to verify the current immigration status of applicants for public benefits. If such an agency has denied your application based solely or in part on a SAVE response following completion of all required SAVE verification steps, the agency must offer you the opportunity to appeal the decision in accordance with the agency’s procedures. If the agency has completed all SAVE verification and you do not believe the response is correct, you may make an Info Pass appointment for an in-person interview at a local USCIS office. Detailed information on how to make corrections, make an appointment, or submit a written request can be found by going to the SAVE Web site at http:// www.uscis.gov/save, and then choosing ‘‘How to Correct Your Records’’ from the menu on the right. Travel Authorization and Advance Parole Individuals covered under DED who want to travel outside of the United States must apply for and receive advance parole by filing Form I–131, Application for Travel Document, with required fees before departing the United States. See 8 CFR 223.2(a). The determination whether to grant advance parole is within the discretion of the Department of Homeland Security and is not guaranteed in all cases. If you seek advance parole in order to go to Liberia or to your country of last habitual residence before the United States, you may risk being found ineligible to re-enter the United States under DED because the Presidential Memorandum excludes persons ‘‘who have voluntarily returned to Liberia or PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 his or her country of last habitual residence outside of the United States.’’ You may submit your completed Form I–131 with your Form I–765. If you choose to file a Form I–131 separately, please submit the application along with supporting documentation that you qualify for DED to: USCIS, Attn: DED Liberia, P.O. Box 8677, Chicago, IL 60680–8677. If you have a pending or approved I– 765, please submit the I–797 notice of receipt or approval along with your Form I–131 and supporting documentation. Dated: August 22, 2011. Lori Scialabba, Deputy Director, U.S. Citzenship and Immigration Services. [FR Doc. 2011–21842 Filed 8–24–11; 8:45 am] BILLING CODE 9111–97–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5511–N–05] Credit Watch Termination Initiative; Termination of Direct Endorsement (DE) Approval Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: This notice advises of the cause and effect of termination of Direct Endorsement (DE) Approval 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 DE Approval terminated. SUMMARY: 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 FOR FURTHER INFORMATION CONTACT: E:\FR\FM\25AUN1.SGM 25AUN1 53149 Federal Register / Vol. 76, No. 165 / Thursday, August 25, 2011 / Notices 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 Approval Agreements terminated. On January 21, 2010 HUD issued Mortgagee Letter 2010–03 which advised the extended procedures for terminating Underwriting Authority of Direct Endorsement mortgagees. Termination of Direct Endorsement Approval: Approval of a DE mortgagee by HUD/FHA authorizes the mortgagee to underwrite single family mortgage loans and submit them to FHA for insurance endorsement. The Approval may be terminated on the basis of poor performance of FHA-insured mortgage loans underwritten by the mortgagee. The termination of a mortgagee’s DE Approval 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 DE Approval 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 quarterly review period ending March 31, 2011, HUD is terminating the DE Approval of mortgagees whose default and claim rate exceeds both the national rate and 200 percent of the field office rate. Effect: Termination of the DE Approval precludes the mortgagee from underwriting 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 those already underwritten and approved by a DE underwriter, and cases covered by a firm commitment issued by HUD. Cases at earlier stages of processing cannot be submitted for insurance by the terminated mortgagee; however, the cases may be transferred for completion of processing and underwriting to another mortgagee with DE Approval 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 reinstatement of the DE Approval if the DE Approval for the affected area or areas has been terminated for at least six months and the mortgagee continues to be an approved mortgagee meeting the requirements of 24 CFR 202.5, 202.6, 202.7, 202.10 and 202.12. The mortgagee’s application for reinstatement must be in a format prescribed by the Secretary and signed by the mortgagee. In addition, the application must be accompanied by an independent analysis 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 analysis must be prepared 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 DE Approvals terminated by HUD: Mortgagee name Mortgagee home office address HUD office jurisdictions AmericaHomeKey, Inc ........................... 3838 Oak Lawn Ave., Ste 1050 Dallas, TX 75219. 5329 Park Rd., East Lake Tapps, WA 98391. Greensboro ........... 7/18/11 Atlanta. Seattle ................... 7/18/11 Santa Ana. Sydion Financial LLC ............................. Dated: August 9, 2011. Carol J. Galante, Acting Assistant Secretary for Housing— Federal Housing Commissioner. We, the Fish and Wildlife Service, announce the availability of the draft North American Waterfowl Management Plan Revision (draft Plan Revision) for public review. We request review and comment on the draft Plan Revision from local, State, and Federal agencies; nongovernment conservation organizations; and the public. The draft Plan Revision, which was developed in close consultation with the waterfowl management community, provides a framework for waterfowl management in the 21st century. BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service srobinson on DSK4SPTVN1PROD with NOTICES [FWS–R9–MB–2011–N148; 91300–1234– 0000] Fish and Wildlife Service, Interior. ACTION: Notice of document availability for review and public comment. 16:39 Aug 24, 2011 You may submit comments on the draft Plan Revision through the http:// www.nawmprevision.org Web site, via email to info@nawmprevision.org, or by U.S. Mail to the U.S. Fish and Wildlife Service–Division of Bird Habitat Conservation, Attn: Draft NAWMP Revision, 4401 North Fairfax Drive MS4075, Arlington, VA 22203. FOR FURTHER INFORMATION CONTACT: Michael J. Johnson at the above address, at 703–358–1784, or at mike_j_johnson@fws.gov. SUPPLEMENTARY INFORMATION: To ensure that we are able to consider your comments, please submit them on or before September 26, 2011. Background The North American Waterfowl Management Plan (NAWMP or Plan), first signed in 1986, has remained a leading model for other international conservation plans. In large measure, this is because it is a living and evolving DATES: North American Waterfowl Management Plan VerDate Mar<15>2010 Jkt 223001 Homeownership centers SUMMARY: [FR Doc. 2011–21720 Filed 8–24–11; 8:45 am] AGENCY: Termination effective date If you wish to review the draft Plan Revision, you may obtain a copy on our Web site at http:// www.nawmprevision.org. ADDRESSES: PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 E:\FR\FM\25AUN1.SGM 25AUN1

Agencies

[Federal Register Volume 76, Number 165 (Thursday, August 25, 2011)]
[Notices]
[Pages 53148-53149]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-21720]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5511-N-05]


Credit Watch Termination Initiative; Termination of Direct 
Endorsement (DE) Approval

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 
Direct Endorsement (DE) Approval 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 DE Approval 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

[[Page 53149]]

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 Approval 
Agreements terminated. On January 21, 2010 HUD issued Mortgagee Letter 
2010-03 which advised the extended procedures for terminating 
Underwriting Authority of Direct Endorsement mortgagees.
    Termination of Direct Endorsement Approval: Approval of a DE 
mortgagee by HUD/FHA authorizes the mortgagee to underwrite single 
family mortgage loans and submit them to FHA for insurance endorsement. 
The Approval may be terminated on the basis of poor performance of FHA-
insured mortgage loans underwritten by the mortgagee. The termination 
of a mortgagee's DE Approval 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 DE Approval 
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 quarterly 
review period ending March 31, 2011, HUD is terminating the DE Approval 
of mortgagees whose default and claim rate exceeds both the national 
rate and 200 percent of the field office rate.
    Effect: Termination of the DE Approval precludes the mortgagee from 
underwriting 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 those already underwritten and approved by a DE underwriter, and 
cases covered by a firm commitment issued by HUD. Cases at earlier 
stages of processing cannot be submitted for insurance by the 
terminated mortgagee; however, the cases may be transferred for 
completion of processing and underwriting to another mortgagee with DE 
Approval 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 reinstatement of the DE 
Approval if the DE Approval for the affected area or areas has been 
terminated for at least six months and the mortgagee continues to be an 
approved mortgagee meeting the requirements of 24 CFR 202.5, 202.6, 
202.7, 202.10 and 202.12. The mortgagee's application for reinstatement 
must be in a format prescribed by the Secretary and signed by the 
mortgagee. In addition, the application must be accompanied by an 
independent analysis 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 analysis must be prepared 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 DE Approvals 
terminated by HUD:

----------------------------------------------------------------------------------------------------------------
                               Mortgagee home office     HUD office       Termination
        Mortgagee name                address          jurisdictions    effective date    Homeownership  centers
----------------------------------------------------------------------------------------------------------------
AmericaHomeKey, Inc..........  3838 Oak Lawn Ave.,    Greensboro.....           7/18/11  Atlanta.
                                Ste 1050 Dallas, TX
                                75219.
Sydion Financial LLC.........  5329 Park Rd., East    Seattle........           7/18/11  Santa Ana.
                                Lake Tapps, WA 98391.
----------------------------------------------------------------------------------------------------------------


    Dated: August 9, 2011.
Carol J. Galante,
Acting Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2011-21720 Filed 8-24-11; 8:45 am]
BILLING CODE 4210-67-P