Withdrawal of Proposed Rule on Approval of Farm Credit System Lending Institutions in Federal Housing Administration (FHA) Mortgage Insurance Programs, 7558 [2012-3289]
Download as PDF
<![CDATA[
7558
Federal Register / Vol. 77, No. 29 / Monday, February 13, 2012 / Proposed Rules
b. Has an internal normative database for
automatically comparing your performance
with that of the general population.
c. Has a statistical analysis package that is
able to calculate visual field indices,
particularly mean deviation or mean defect.
d. Demonstrates the ability to correctly
detect visual field loss and correctly identify
normal visual fields.
e. Demonstrates good test-retest reliability.
f. Has undergone clinical validation studies
by three or more independent laboratories
with results published in peer-reviewed
ophthalmic journals.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
*
AGENCY:
*
*
*
*
erowe on DSK2VPTVN1PROD with PROPOSALS-1
102.01 Category of Impairments, Special
Senses and Speech
102.02 Loss of central visual acuity.
A. Remaining vision in the better eye after
best correction is 20/200 or less.
OR
B. An inability to participate in visual
acuity testing using Snellen methodology or
other comparable testing, clinical findings
that fixation and visual-following behavior
are absent in the better eye, and one of the
following:
1. Abnormal anatomical findings
indicating a visual acuity of 20/200 or less in
the better eye (such as the presence of Stage
III or worse retinopathy of prematurity
despite surgery, hypoplasia of the optic
nerve, albinism with macular aplasia, or
bilateral optic atrophy); or
2. Abnormal neuroimaging documenting
damage to the cerebral cortex which would
be expected to prevent the development of a
visual acuity better than 20/200 in the better
eye (such as neuroimaging showing bilateral
encephalomyelitis or bilateral
encephalomalacia); or
3. Abnormal electroretinogram
documenting the presence of Leber’s
congenital amaurosis or achromatopsia in the
better eye; or
4. An absent response to VER testing in the
better eye.
102.03 Contraction of the visual field in
the better eye, with:
A. The widest diameter subtending an
angle around the point of fixation no greater
than 20 degrees.
OR
B. An MD of 22 decibels or greater,
determined by automated static threshold
perimetry that measures the central 30
degrees of the visual field (see 102.00A6d).
OR
C. A visual field efficiency of 20 percent
or less, determined by kinetic perimetry (see
102.00A7c).
102.04 Loss of visual efficiency in the
better eye, with:
A. A visual efficiency value of 1.00 or
greater after best correction (see
102.00A7d(i)).
OR
B. A visual efficiency percentage of 20 or
less after best correction (see 102.00A7d(ii)).
*
*
*
*
*
[FR Doc. 2012–3226 Filed 2–10–12; 8:45 am]
BILLING CODE 4191–02–P
VerDate Mar<15>2010
14:45 Feb 10, 2012
Jkt 226001
24 CFR Part 202
[Docket No. FR–5416–N–02]
RIN 2502–AI91
Withdrawal of Proposed Rule on
Approval of Farm Credit System
Lending Institutions in Federal
Housing Administration (FHA)
Mortgage Insurance Programs
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Withdrawal of proposed rule.
This notice withdraws HUD’s
August 2011 rule that proposed to
amend HUD’s regulations to enable the
direct lending institutions of the Farm
Credit System to seek approval to
participate in the FHA mortgage
insurance programs as approved
mortgagees and lenders.
DATES: The proposed rule is withdrawn
February 13, 2012.
FOR FURTHER INFORMATION CONTACT:
Office of Lender Activities and Program
Compliance, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410–8000;
telephone number 202–708–1515 (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 800–877–8339.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background
On August 26, 2011, at 76 FR 53362,
HUD published a proposed rule that
would enable the direct lending
institutions of the Farm Credit System
to seek approval to participate in the
FHA mortgage insurance programs as
FHA-approved mortgagees and lenders.
In the proposed rule, HUD noted that
recent difficulties in mortgage finance
markets indicated reduced availability
of housing credit in rural areas. HUD
therefore proposed to extend FHA
mortgagee and lender eligibility to the
lending institutions of the Farm Credit
System to provide an additional avenue
for mortgage financing in rural areas.
The Farm Credit System is a federally
chartered network of borrower-owned
lending institutions composed of
cooperatives and related service
organizations. The public comment
period for the proposed rule closed on
October 25, 2011. HUD received
approximately 27 substantive public
comments in response to the August 26,
2011, proposed rule. Certain comments
PO 00000
Frm 00013
Fmt 4702
Sfmt 9990
were identical in substance, having been
submitted as part of mailing campaigns.
The public comments on this rule can
be found at https://www.regulations.gov/
#!searchResults;rpp=10;po=0;s=FR5416-P-01.
The commenters were almost evenly
divided in their support of and
opposition to the rule. Those
commenters that supported the rule
stated that there was indeed a need for
available housing credit in rural areas
and that allowing Farm Credit lending
institutions to be FHA-approved lenders
would aid in the necessary extension of
credit. The commenters stated that the
Farm Credit System has been a source
of consistent and reliable credit for rural
homeowners and that the ability to
provide the option of FHA programs to
families in rural areas will help ensure
that the borrowing needs of rural
families are met. Those commenters that
opposed the rule stated that there was
no need to expand FHA mortgage
availability to Farm Credit member
institutions; that the banking
community was satisfactorily meeting
the need for credit in rural areas. The
commenters opposing the rule also
stated that it was their view that
approval of Farm Credit lending
institutions to originate FHA insured
loans runs afoul of the Administration’s
proposal to reduce government
involvement in the housing finance
market.
Upon consideration of the issues
raised by public comments, HUD is
withdrawing the August 26, 2011,
proposed rule. While HUD seeks to
ensure the availability of mortgage
financing for qualified borrowers
nationwide—and particularly in
underserved areas—HUD and the
Administration remain committed to
reducing FHA’s market share and
facilitating the return of private capital
to the housing finance market.
Therefore, in concert with its network of
FHA-approved lending partners, FHA
will continue to monitor the adequacy
of mortgage credit in rural areas to
ensure that rural residents have access
to homeownership.
Accordingly, the proposed rule to
amend 24 CFR 202.10, published on
August 26, 2011, at 76 FR 53362,
entitled ‘‘Approval of Farm Credit
System Lending Institutions in FHA
Mortgage Insurance Programs,’’ is
hereby withdrawn.
Dated: February 7, 2012.
Carol J. Galante,
Acting Assistant Secretary for Housing—
Federal Housing Commissioner.
[FR Doc. 2012–3289 Filed 2–10–12; 8:45 am]
BILLING CODE 4210–67–P
E:\FR\FM\13FEP1.SGM
13FEP1
]]>Agencies
[Federal Register Volume 77, Number 29 (Monday, February 13, 2012)]
[Proposed Rules]
[Page 7558]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3289]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
24 CFR Part 202
[Docket No. FR-5416-N-02]
RIN 2502-AI91
Withdrawal of Proposed Rule on Approval of Farm Credit System
Lending Institutions in Federal Housing Administration (FHA) Mortgage
Insurance Programs
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Withdrawal of proposed rule.
-----------------------------------------------------------------------
SUMMARY: This notice withdraws HUD's August 2011 rule that proposed to
amend HUD's regulations to enable the direct lending institutions of
the Farm Credit System to seek approval to participate in the FHA
mortgage insurance programs as approved mortgagees and lenders.
DATES: The proposed rule is withdrawn February 13, 2012.
FOR FURTHER INFORMATION CONTACT: Office of Lender Activities and
Program Compliance, Department of Housing and Urban Development, 451
7th Street SW., Washington, DC 20410-8000; telephone number 202-708-
1515 (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 800-877-8339.
SUPPLEMENTARY INFORMATION:
I. Background
On August 26, 2011, at 76 FR 53362, HUD published a proposed rule
that would enable the direct lending institutions of the Farm Credit
System to seek approval to participate in the FHA mortgage insurance
programs as FHA-approved mortgagees and lenders. In the proposed rule,
HUD noted that recent difficulties in mortgage finance markets
indicated reduced availability of housing credit in rural areas. HUD
therefore proposed to extend FHA mortgagee and lender eligibility to
the lending institutions of the Farm Credit System to provide an
additional avenue for mortgage financing in rural areas. The Farm
Credit System is a federally chartered network of borrower-owned
lending institutions composed of cooperatives and related service
organizations. The public comment period for the proposed rule closed
on October 25, 2011. HUD received approximately 27 substantive public
comments in response to the August 26, 2011, proposed rule. Certain
comments were identical in substance, having been submitted as part of
mailing campaigns. The public comments on this rule can be found at
https://www.regulations.gov/#!searchResults;rpp=10;po=0;s=FR-5416-P-01.
The commenters were almost evenly divided in their support of and
opposition to the rule. Those commenters that supported the rule stated
that there was indeed a need for available housing credit in rural
areas and that allowing Farm Credit lending institutions to be FHA-
approved lenders would aid in the necessary extension of credit. The
commenters stated that the Farm Credit System has been a source of
consistent and reliable credit for rural homeowners and that the
ability to provide the option of FHA programs to families in rural
areas will help ensure that the borrowing needs of rural families are
met. Those commenters that opposed the rule stated that there was no
need to expand FHA mortgage availability to Farm Credit member
institutions; that the banking community was satisfactorily meeting the
need for credit in rural areas. The commenters opposing the rule also
stated that it was their view that approval of Farm Credit lending
institutions to originate FHA insured loans runs afoul of the
Administration's proposal to reduce government involvement in the
housing finance market.
Upon consideration of the issues raised by public comments, HUD is
withdrawing the August 26, 2011, proposed rule. While HUD seeks to
ensure the availability of mortgage financing for qualified borrowers
nationwide--and particularly in underserved areas--HUD and the
Administration remain committed to reducing FHA's market share and
facilitating the return of private capital to the housing finance
market. Therefore, in concert with its network of FHA-approved lending
partners, FHA will continue to monitor the adequacy of mortgage credit
in rural areas to ensure that rural residents have access to
homeownership.
Accordingly, the proposed rule to amend 24 CFR 202.10, published on
August 26, 2011, at 76 FR 53362, entitled ``Approval of Farm Credit
System Lending Institutions in FHA Mortgage Insurance Programs,'' is
hereby withdrawn.
Dated: February 7, 2012.
Carol J. Galante,
Acting Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2012-3289 Filed 2-10-12; 8:45 am]
BILLING CODE 4210-67-P
