Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA), Redelegation of Authority to the Deputy Assistant Secretary for Risk Management and Regulatory Affairs, 37250-37252 [2012-15075]
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37250
Federal Register / Vol. 77, No. 119 / Wednesday, June 20, 2012 / Notices
5. Authorize the sale of a HUD-owned
residential care facility;
6. Approve a portfolio consisting of 10
or more facilities;
7. Approve change of ownership or
operator for a portfolio of 10 or more
facilities;
8. Approve a mortgage insurance
commitment in excess of $50 million;
and
9. Communicate a significant new
policy or a significant change to
established program policy.
Further redelegations. The Director,
Office of Residential Care Facilities,
may redelegate to, or withdraw from,
any subordinate Division Director any of
the authority delegated to the Director
under this notice. Division Directors
may further redelegate to, or withdraw
from, any designated officials within
their Divisions, any of the authority
delegated to them.
C. Director and Deputy Director, Office
of Architecture and Engineering
Authority is redelegated to take all
actions necessary to conduct the
construction functions for the hospital
mortgage insurance program, and, when
directed by the Deputy Assistant
Secretary or the Associate Deputy
Assistant Secretary for Healthcare
Programs, on a case-by-case basis, for
the residential care facility mortgage
insurance program.
The Director, Office of Architecture
and Engineering, may redelegate to, or
withdraw from, any designated official
within that Office, any of the authority
delegated to the Director.
Section C. Authority Excepted
The authority delegated in Section A
and redelegated in Section B, above,
does not include authority to issue or
waive regulations.
srobinson on DSK4SPTVN1PROD with NOTICES2
Section D. Authority Superseded
These redelegations supersede all
prior delegations and redelegations with
respect to health-care facilities,
including, without limitation, those
published in the Federal Register on
October 12, 2006 (71 FR 60179) and
memoranda signed by the FHA
Commissioner and titled ‘‘Redelegations
for Sections 232 and 242 Programs,’’
dated November 6, 2008, February 1,
2010, and April 20, 2010.
The Assistant Secretary for Housing—
Federal Housing Commissioner, or the
General Deputy Assistant Secretary for
Housing—Federal Housing
Commissioner, or the Associate General
Deputy Assistant Secretary for Housing
may revoke the authority authorized
herein, in whole or part, at any time.
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Jkt 226001
Notice of any revocation will be
published in the Federal Register.
Dated: June 5, 2012.
Carol J. Galante,
Acting Assistant Secretary for HousingFederal Housing Commissioner.
[FR Doc. 2012–15073 Filed 6–19–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5557–D–07]
Delegations of Authority for the Office
of Housing—Federal Housing
Administration (FHA), Redelegation of
Authority to the Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice of redelegations of
authority.
AGENCY:
Elsewhere in today’s Federal
Register, HUD is publishing a
delegation of authority by the Secretary
of HUD to the Assistant Secretary for
Housing—Federal Housing
Commissioner, the General Deputy
Assistant Secretary for Housing—
Deputy Federal Housing Commissioner,
and the Associate General Deputy
Assistant Secretary for Housing. This
notice redelegates certain authority
delegated to the Assistant Secretary for
Housing—Federal Housing
Commissioner (and to the other officials
noted above), to: the Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs, the Associate Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs, the
Associate Deputy Assistant Secretary for
Risk Management and Assessment, and
the Administrator of the Office of
Manufactured Housing Programs.
DATES: Effective Date: June 5, 2012.
FOR FURTHER INFORMATION CONTACT:
Office of the Associate General Deputy
Assistant Secretary for Housing—
Federal Housing Commissioner,
Department of Housing and Urban
Development, 451 Seventh Street SW.,
Room 9110, Washington, DC 20410–
8000, phone number 202–708–2601.
(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 Relay
Service at 800–877–8339.
SUPPLEMENTARY INFORMATION: The Office
of the Assistant Secretary for Housing—
Federal Housing Commissioner has
undergone a reorganization since the
SUMMARY:
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issuance of a consolidated delegation of
authority published in the Federal
Register on October 12, 2006 (71 FR
60169). The reorganization created a
new Office of Risk Management and
Regulatory Affairs in July 2010 to
address housing industry and consumer
issues, as well as to provide a
streamlined standardized response to
help stabilize and monitor the housing
market. The Office is described below.
This notice redelegates authority to the
Deputy Assistant Secretary for Risk
Management and Regulatory Affairs, the
Associate Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Assessment, and the Administrator of
the Office of Manufactured Housing
Programs.
Note that the Dodd-Frank Wall Street
Reform and Consumer Protection Act
(Pub. L. 111–203, approved July 21,
2010) transferred from the Department
of Housing and Urban Development to
the new Consumer Financial Protection
Bureau all functions of HUD to carry out
the Real Estate Settlement Procedures
Act (RESPA) of 1974, the Secure and
Fair Enforcement (SAFE) for Mortgage
Licensing Act of 2008, and the Interstate
Land Sales (ILS) Full Disclosure Act; the
effective transfer date was July 21, 2011.
Today’s Notice includes redelegations
for functions authorized under these
acts, given that HUD may continue to
exercise residual responsibilities after
that date.
Section I. Deputy Assistant Secretary
for Risk Management and Regulatory
Affairs Organization
Three Offices report to the Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs:
The Office of Risk Management, the
Office of Evaluation, and the Office of
Manufactured Housing Programs. The
following is a brief summary of the
functions of these offices.
A. Office of Risk Management
The Office of Risk Management
(ORM) assures that the Office of
Housing is equipped to identify and
manage credit and operational risk
across the enterprise and within each
Office within the Office of Housing. As
such, ORM works across the enterprise
and with program office staff to develop
and identify the requisite policies,
systems, and resources needed to
support the Office of Housing’s broader
goals of expanding affordable housing
and access to health-care facilities while
striving to maintain the respective FHA
insurance funds at or above prudent
thresholds. ORM deploys resources to
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Federal Register / Vol. 77, No. 119 / Wednesday, June 20, 2012 / Notices
monitor, evaluate and ensure that risk
mandates are accomplished.
Section II. Risk Management—
Authority Redelegated
B. Office of Evaluation
A. General Authority
Authority is redelegated, in broad
terms, to the Deputy Assistant Secretary
for Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs, and the Associate
Deputy Assistant Secretary for Risk
Management and Assessment to carry
out, in concert with program offices, all
risk management, analysis, and
evaluation functions, including
decisions and corrective measures
related to risk assessment, risk
management strategy, and risk
governance policies.
The Office of Evaluation assesses the
financial impact of new or revised HUD/
FHA programs and policies; new or
proposed legislation; and/or new or
proposed directives, studies or rules of
the Office of Management and Budget
(OMB), the Government Accountability
Office (GAO) the Department of the
Treasury (Treasury), or other agencies.
The Office of Evaluation is responsible
for actuarial analyses and cash-flow
projections of the FHA insurance funds
and evaluates relationships between
current market conditions and FHA
program goals and objectives. The Office
of Evaluation estimates the financial
impact of policy changes or external
factors on FHA programs. In addition,
that Office conducts a quarterly analyses
of economic developments and ongoing
actuarial analyses of FHA’s insurance
funds.
srobinson on DSK4SPTVN1PROD with NOTICES2
C. Office of Manufactured Housing
Programs
The Office of Manufactured Housing
Programs regulates the design and
construction of all manufactured
housing in the United States and is
responsible for ensuring that serious
defects and imminent safety hazards
noted in manufactured housing are
tracked and corrected, pursuant to the
National Manufactured Housing
Construction and Safety Standards Act.
That Office is responsible for, among
other things, the administration of the
Manufactured Housing Consensus
Committee, a federal advisory
committee; regulation and enforcement
of the design and construction of
manufactured homes according to
Federal standards; the installation of
manufactured homes according to the
Model Installation Standards; the
administration of the installation
program; and the administration of the
manufactured housing dispute
resolution program.
In addition, the Office of
Manufactured Housing Programs
prescribes standards for design,
construction, and alteration of
structures for programs under the
National Housing Act; approves or
disapproves variances from the design
and construction standards; evaluates
and determines the technical suitability
of housing products/materials; and
issues engineering and technical
bulletins governing the acceptability of
housing system components, materials,
and methods of contraction.
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Jkt 226001
B. Risk Management
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs, Associate Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs, and the Associate
Deputy Assistant Secretary for Risk
Management and Assessment are redelegated authority to take all actions
necessary to conduct risk management
and risk assessment activities including,
but not limited to, the authority
necessary to:
(1) Recommend actions to support
FHA’s ability to reduce risk exposure to
its insurance funds while meeting its
housing mission and operating in
compliance with statutory capital
requirements;
(2) Promote transparency and
comprehensive communication of
FHA’s risk profile by establishing
reporting metrics for key constituents,
both internal and external, in order to
communicate, both qualitatively and
quantitatively, FHA’s risk levels, trends,
priorities, risk mitigation activities, and
impacts;
(3) Identify the policies and processes
that are key drivers of risk via a
structured risk identification
framework: i.e., recommend risk
mitigation strategies for FHA and
specific program areas and provide
independent oversight and assessment
of risk remediation activities; provide
input and guidance to program areas on
key risk analytics, policies and
practices, including, but not limited, to
algorithms and underwriting used to
identify, measure, and manage riskrelated to endorsement and management
of Single Family, Multifamily, and
Healthcare programs, and collaborate
with program areas regarding
counterparty risk (lenders and
servicers), portfolio asset management
strategies, and enforcement practices to
protect FHA’s insurance funds;
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37251
(4) Design and maintain a
comprehensive Risk Governance
infrastructure, including implementing
policies, processes, and committees to
reduce risk exposure to the insurance
funds; i.e., advise and provide oversight
for the implementation of policies,
processes, and committees that
comprise the governance structure;
(5) Ensure the timely and proper
conduct of statutorily mandated and
other necessary risk analyses, including
the annual actuarial study of the
Mortgage Mutual Insurance Fund and
front-end risk assessments (FERA) for
new and high-impact programs and
activities, in accordance with federal
standards, and in concert with other
Office of Housing offices; and
(6) Ensure that risks are measured,
monitored, and managed according to
an integrated framework across FHA
and Office of Housing program areas.
Section III. Regulatory Affairs—
Authority Redelegated
A. General Authority
Authority is redelegated in broad
terms to the Deputy Assistant Secretary
for Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs, and the
Administrator of the Office of
Manufactured Housing Programs to
carry out the functions and activities of
the National Manufactured Housing
Construction and Safety Standards Act
of 1974. This redelegated authority
includes that related to carrying out
certain provisions of the National
Housing Act. In addition, authority is
redelegated in broad terms to the
Deputy Assistant Secretary for Risk
Management and Regulatory Affairs and
the Associate Deputy Assistant
Secretary for Risk Management and
Assessment to perform any residual
functions of the Real Estate Settlement
Procedures Act, the Interstate Land
Sales Full Disclosure Act, and the
Secure and Fair Enforcement for
Mortgage Licensing Act of 2008.
B. Manufactured Housing Construction
and Safety Standards Act
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Regulatory Affairs, and the
Administrator of the Office of
Manufactured Housing Programs are
redelegated such authority as is
necessary to carry out the duties and
responsibilities of HUD as prescribed in
the National Manufactured Housing
Construction and Safety Standards Act
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37252
Federal Register / Vol. 77, No. 119 / Wednesday, June 20, 2012 / Notices
(the Act), including, but not limited to,
the authority necessary to:
(1) Establish home constructions and
safety standards; enter into contracts
with an administering organization;
adopt, revise, and interpret construction
and safety standards; issue
interpretative bulletins; and approve or
reject proposed regulations or
interpretative bulletins submitted by the
Consensus Committee;
(2) Develop and establish model
manufactured home installation
standards;
(3) Submit cost or other information
to the consensus committee for
evaluation;
(4) Conduct research, testing,
development, and training to carry out
the Act;
(5) Advise, assist, and cooperate with
other Federal agencies, and state and
other public and private agencies in the
planning and development of standards
and methods for inspection and testing;
(6) Determine that any manufactured
home does not conform to applicable
Federal standards or contains a defect
that constitutes an imminent safety
hazard;
(7) Conduct inspections and
investigations necessary to promulgate
or enforce Federal standards under the
Act; designate persons to enter an
establishment to inspect; contract with
state and local governments and private
inspection organizations to carry out the
functions under section 614 of the Act;
to hold hearings, take testimony, and
administer oaths and take other actions
under section 614(c) of the Act;
(8) Enforce notification and correction
of defects;
(9) Develop guidelines for a
consumer’s manual;
(10) Utilize the services, research, and
testing facilities of public agencies and
independent testing laboratories;
(11) Collect reasonable fees to carry
out the responsibilities under the Act;
(12) Approve State plans for
enforcement of standards;
(13) Establish and implement a
dispute resolution program; and
(14) Make grants to States that have
designated a State agency under section
623 of the Act.
srobinson on DSK4SPTVN1PROD with NOTICES2
C. National Housing Act Provisions
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs and the Associate Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs are
redelegated such authority as is
necessary to carry out certain duties and
responsibilities prescribed in the
National Housing Act (the NHA Act) (12
U.S.C. 1701 et seq.), as follows:
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16:33 Jun 19, 2012
Jkt 226001
(1) Prescribe standards for designs,
construction, and alteration of
structures for programs (other than
public housing programs) prescribed
under the NHA Act;
(2) Approve or disapprove variances
from the design or construction
standards for all programs (other than
public housing programs) under the
NHA Act; and
(3) Evaluate and determine the
technical suitability of housing products
and materials under section 21 of the
NHA Act, and to issue engineering and
technical bulletins governing the
acceptability of housing system
components, materials, and methods of
construction.
D. Real Estate Settlement Procedures
Act (RESPA)
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs and the Associate Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs are
redelegated such authority as is
necessary to carry out any residual
duties and responsibilities of HUD as
remain, following the transfer of the
Real Estate Settlement Procedures Act
(RESPA) to the Consumer Financial
Protection Bureau (CFPB).
E. Interstate Land Sales Full Disclosure
Act
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs and the Associate Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs are
redelegated such authority as is
necessary to carry out any residual
duties and responsibilities of HUD as
remain after transfer of the Interstate
Land Sales Full Disclosure Act to the
CFPB.
F. Secure and Fair Enforcement for
Mortgage Licensing Act of 2008 (SAFE)
Section V. Further Redelegations
The authority redelegated by the
Assistant Secretary for Housing to the
Deputy Assistant Secretary for Risk
Management and Regulatory Affairs, the
Associate Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Assessment, and the Administrator of
the Office of Manufactured Housing
Programs may be redelegated.
Section VI. Revocation of Delegations
The Assistant Secretary for HousingFederal Housing Commissioner, the
General Deputy Assistant Secretary for
Housing-Deputy Federal Housing
Commissioner, or the Associate General
Deputy Assistant Secretary for Housing
may, at any time, revoke any of the
authority redelegated herein. Notice of
any revocation will be published in the
Federal Register. This redelegation of
authority supersedes all prior
redelegations of authority to the Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs, the
Associate Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs, the Associate Deputy Assistant
Secretary for Risk Management and
Assessment, and the Administrator of
the Office of Manufactured Housing
Programs.
Authority: Section 7(d), Department of
Housing and Urban Development Act, 42
U.S.C. 3535(d).
Dated: June 5, 2012.
Carol J. Galante,
Acting Assistant Secretary for HousingFederal Housing Commissioner.
[FR Doc. 2012–15075 Filed 6–19–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5557–D–08]
The Deputy Assistant Secretary for
Risk Management and Regulatory
Affairs and the Associate Deputy
Assistant Secretary for Risk
Management and Regulatory Affairs are
redelegated such authority as is
necessary to carry out any residual
duties and responsibilities of HUD, as
prescribed in the Secure and Fair
Enforcement for Mortgage Licensing Act
of 2008, to the CFPB.
Delegations of Authority for the Office
of Housing—Federal Housing
Administration (FHA); Redelegation of
Authority Regarding Single Family
Housing Programs
Section IV. Authority Excepted
SUMMARY:
The authority redelegated herein does
not include the authority to:
(1) Issue or to waive regulations;
(2) Sue or be sued.
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Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice of revocation and
redelegation of authority.
AGENCY:
On September 15, 2006, the
Assistant Secretary for Housing—
Federal Housing Commissioner issued
an up-to-date comprehensive delegation
of authority for single family housing
programs. This notice amends that
E:\FR\FM\20JNN2.SGM
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]]>Agencies
[Federal Register Volume 77, Number 119 (Wednesday, June 20, 2012)]
[Notices]
[Pages 37250-37252]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-15075]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5557-D-07]
Delegations of Authority for the Office of Housing--Federal
Housing Administration (FHA), Redelegation of Authority to the Deputy
Assistant Secretary for Risk Management and Regulatory Affairs
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice of redelegations of authority.
-----------------------------------------------------------------------
SUMMARY: Elsewhere in today's Federal Register, HUD is publishing a
delegation of authority by the Secretary of HUD to the Assistant
Secretary for Housing--Federal Housing Commissioner, the General Deputy
Assistant Secretary for Housing--Deputy Federal Housing Commissioner,
and the Associate General Deputy Assistant Secretary for Housing. This
notice redelegates certain authority delegated to the Assistant
Secretary for Housing--Federal Housing Commissioner (and to the other
officials noted above), to: the Deputy Assistant Secretary for Risk
Management and Regulatory Affairs, the Associate Deputy Assistant
Secretary for Risk Management and Regulatory Affairs, the Associate
Deputy Assistant Secretary for Risk Management and Assessment, and the
Administrator of the Office of Manufactured Housing Programs.
DATES: Effective Date: June 5, 2012.
FOR FURTHER INFORMATION CONTACT: Office of the Associate General Deputy
Assistant Secretary for Housing--Federal Housing Commissioner,
Department of Housing and Urban Development, 451 Seventh Street SW.,
Room 9110, Washington, DC 20410-8000, phone number 202-708-2601. (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
Relay Service at 800-877-8339.
SUPPLEMENTARY INFORMATION: The Office of the Assistant Secretary for
Housing--Federal Housing Commissioner has undergone a reorganization
since the issuance of a consolidated delegation of authority published
in the Federal Register on October 12, 2006 (71 FR 60169). The
reorganization created a new Office of Risk Management and Regulatory
Affairs in July 2010 to address housing industry and consumer issues,
as well as to provide a streamlined standardized response to help
stabilize and monitor the housing market. The Office is described
below. This notice redelegates authority to the Deputy Assistant
Secretary for Risk Management and Regulatory Affairs, the Associate
Deputy Assistant Secretary for Risk Management and Regulatory Affairs,
the Associate Deputy Assistant Secretary for Risk Management and
Assessment, and the Administrator of the Office of Manufactured Housing
Programs.
Note that the Dodd-Frank Wall Street Reform and Consumer Protection
Act (Pub. L. 111-203, approved July 21, 2010) transferred from the
Department of Housing and Urban Development to the new Consumer
Financial Protection Bureau all functions of HUD to carry out the Real
Estate Settlement Procedures Act (RESPA) of 1974, the Secure and Fair
Enforcement (SAFE) for Mortgage Licensing Act of 2008, and the
Interstate Land Sales (ILS) Full Disclosure Act; the effective transfer
date was July 21, 2011. Today's Notice includes redelegations for
functions authorized under these acts, given that HUD may continue to
exercise residual responsibilities after that date.
Section I. Deputy Assistant Secretary for Risk Management and
Regulatory Affairs Organization
Three Offices report to the Deputy Assistant Secretary for Risk
Management and Regulatory Affairs: The Office of Risk Management, the
Office of Evaluation, and the Office of Manufactured Housing Programs.
The following is a brief summary of the functions of these offices.
A. Office of Risk Management
The Office of Risk Management (ORM) assures that the Office of
Housing is equipped to identify and manage credit and operational risk
across the enterprise and within each Office within the Office of
Housing. As such, ORM works across the enterprise and with program
office staff to develop and identify the requisite policies, systems,
and resources needed to support the Office of Housing's broader goals
of expanding affordable housing and access to health-care facilities
while striving to maintain the respective FHA insurance funds at or
above prudent thresholds. ORM deploys resources to
[[Page 37251]]
monitor, evaluate and ensure that risk mandates are accomplished.
B. Office of Evaluation
The Office of Evaluation assesses the financial impact of new or
revised HUD/FHA programs and policies; new or proposed legislation;
and/or new or proposed directives, studies or rules of the Office of
Management and Budget (OMB), the Government Accountability Office (GAO)
the Department of the Treasury (Treasury), or other agencies. The
Office of Evaluation is responsible for actuarial analyses and cash-
flow projections of the FHA insurance funds and evaluates relationships
between current market conditions and FHA program goals and objectives.
The Office of Evaluation estimates the financial impact of policy
changes or external factors on FHA programs. In addition, that Office
conducts a quarterly analyses of economic developments and ongoing
actuarial analyses of FHA's insurance funds.
C. Office of Manufactured Housing Programs
The Office of Manufactured Housing Programs regulates the design
and construction of all manufactured housing in the United States and
is responsible for ensuring that serious defects and imminent safety
hazards noted in manufactured housing are tracked and corrected,
pursuant to the National Manufactured Housing Construction and Safety
Standards Act. That Office is responsible for, among other things, the
administration of the Manufactured Housing Consensus Committee, a
federal advisory committee; regulation and enforcement of the design
and construction of manufactured homes according to Federal standards;
the installation of manufactured homes according to the Model
Installation Standards; the administration of the installation program;
and the administration of the manufactured housing dispute resolution
program.
In addition, the Office of Manufactured Housing Programs prescribes
standards for design, construction, and alteration of structures for
programs under the National Housing Act; approves or disapproves
variances from the design and construction standards; evaluates and
determines the technical suitability of housing products/materials; and
issues engineering and technical bulletins governing the acceptability
of housing system components, materials, and methods of contraction.
Section II. Risk Management--Authority Redelegated
A. General Authority
Authority is redelegated, in broad terms, to the Deputy Assistant
Secretary for Risk Management and Regulatory Affairs, the Associate
Deputy Assistant Secretary for Risk Management and Regulatory Affairs,
and the Associate Deputy Assistant Secretary for Risk Management and
Assessment to carry out, in concert with program offices, all risk
management, analysis, and evaluation functions, including decisions and
corrective measures related to risk assessment, risk management
strategy, and risk governance policies.
B. Risk Management
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs, Associate Deputy Assistant Secretary for Risk Management and
Regulatory Affairs, and the Associate Deputy Assistant Secretary for
Risk Management and Assessment are re-delegated authority to take all
actions necessary to conduct risk management and risk assessment
activities including, but not limited to, the authority necessary to:
(1) Recommend actions to support FHA's ability to reduce risk
exposure to its insurance funds while meeting its housing mission and
operating in compliance with statutory capital requirements;
(2) Promote transparency and comprehensive communication of FHA's
risk profile by establishing reporting metrics for key constituents,
both internal and external, in order to communicate, both qualitatively
and quantitatively, FHA's risk levels, trends, priorities, risk
mitigation activities, and impacts;
(3) Identify the policies and processes that are key drivers of
risk via a structured risk identification framework: i.e., recommend
risk mitigation strategies for FHA and specific program areas and
provide independent oversight and assessment of risk remediation
activities; provide input and guidance to program areas on key risk
analytics, policies and practices, including, but not limited, to
algorithms and underwriting used to identify, measure, and manage risk-
related to endorsement and management of Single Family, Multifamily,
and Healthcare programs, and collaborate with program areas regarding
counterparty risk (lenders and servicers), portfolio asset management
strategies, and enforcement practices to protect FHA's insurance funds;
(4) Design and maintain a comprehensive Risk Governance
infrastructure, including implementing policies, processes, and
committees to reduce risk exposure to the insurance funds; i.e., advise
and provide oversight for the implementation of policies, processes,
and committees that comprise the governance structure;
(5) Ensure the timely and proper conduct of statutorily mandated
and other necessary risk analyses, including the annual actuarial study
of the Mortgage Mutual Insurance Fund and front-end risk assessments
(FERA) for new and high-impact programs and activities, in accordance
with federal standards, and in concert with other Office of Housing
offices; and
(6) Ensure that risks are measured, monitored, and managed
according to an integrated framework across FHA and Office of Housing
program areas.
Section III. Regulatory Affairs--Authority Redelegated
A. General Authority
Authority is redelegated in broad terms to the Deputy Assistant
Secretary for Risk Management and Regulatory Affairs, the Associate
Deputy Assistant Secretary for Risk Management and Regulatory Affairs,
and the Administrator of the Office of Manufactured Housing Programs to
carry out the functions and activities of the National Manufactured
Housing Construction and Safety Standards Act of 1974. This redelegated
authority includes that related to carrying out certain provisions of
the National Housing Act. In addition, authority is redelegated in
broad terms to the Deputy Assistant Secretary for Risk Management and
Regulatory Affairs and the Associate Deputy Assistant Secretary for
Risk Management and Assessment to perform any residual functions of the
Real Estate Settlement Procedures Act, the Interstate Land Sales Full
Disclosure Act, and the Secure and Fair Enforcement for Mortgage
Licensing Act of 2008.
B. Manufactured Housing Construction and Safety Standards Act
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs, the Associate Deputy Assistant Secretary for Risk Management
and Regulatory Affairs, and the Administrator of the Office of
Manufactured Housing Programs are redelegated such authority as is
necessary to carry out the duties and responsibilities of HUD as
prescribed in the National Manufactured Housing Construction and Safety
Standards Act
[[Page 37252]]
(the Act), including, but not limited to, the authority necessary to:
(1) Establish home constructions and safety standards; enter into
contracts with an administering organization; adopt, revise, and
interpret construction and safety standards; issue interpretative
bulletins; and approve or reject proposed regulations or interpretative
bulletins submitted by the Consensus Committee;
(2) Develop and establish model manufactured home installation
standards;
(3) Submit cost or other information to the consensus committee for
evaluation;
(4) Conduct research, testing, development, and training to carry
out the Act;
(5) Advise, assist, and cooperate with other Federal agencies, and
state and other public and private agencies in the planning and
development of standards and methods for inspection and testing;
(6) Determine that any manufactured home does not conform to
applicable Federal standards or contains a defect that constitutes an
imminent safety hazard;
(7) Conduct inspections and investigations necessary to promulgate
or enforce Federal standards under the Act; designate persons to enter
an establishment to inspect; contract with state and local governments
and private inspection organizations to carry out the functions under
section 614 of the Act; to hold hearings, take testimony, and
administer oaths and take other actions under section 614(c) of the
Act;
(8) Enforce notification and correction of defects;
(9) Develop guidelines for a consumer's manual;
(10) Utilize the services, research, and testing facilities of
public agencies and independent testing laboratories;
(11) Collect reasonable fees to carry out the responsibilities
under the Act;
(12) Approve State plans for enforcement of standards;
(13) Establish and implement a dispute resolution program; and
(14) Make grants to States that have designated a State agency
under section 623 of the Act.
C. National Housing Act Provisions
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs and the Associate Deputy Assistant Secretary for Risk
Management and Regulatory Affairs are redelegated such authority as is
necessary to carry out certain duties and responsibilities prescribed
in the National Housing Act (the NHA Act) (12 U.S.C. 1701 et seq.), as
follows:
(1) Prescribe standards for designs, construction, and alteration
of structures for programs (other than public housing programs)
prescribed under the NHA Act;
(2) Approve or disapprove variances from the design or construction
standards for all programs (other than public housing programs) under
the NHA Act; and
(3) Evaluate and determine the technical suitability of housing
products and materials under section 21 of the NHA Act, and to issue
engineering and technical bulletins governing the acceptability of
housing system components, materials, and methods of construction.
D. Real Estate Settlement Procedures Act (RESPA)
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs and the Associate Deputy Assistant Secretary for Risk
Management and Regulatory Affairs are redelegated such authority as is
necessary to carry out any residual duties and responsibilities of HUD
as remain, following the transfer of the Real Estate Settlement
Procedures Act (RESPA) to the Consumer Financial Protection Bureau
(CFPB).
E. Interstate Land Sales Full Disclosure Act
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs and the Associate Deputy Assistant Secretary for Risk
Management and Regulatory Affairs are redelegated such authority as is
necessary to carry out any residual duties and responsibilities of HUD
as remain after transfer of the Interstate Land Sales Full Disclosure
Act to the CFPB.
F. Secure and Fair Enforcement for Mortgage Licensing Act of 2008
(SAFE)
The Deputy Assistant Secretary for Risk Management and Regulatory
Affairs and the Associate Deputy Assistant Secretary for Risk
Management and Regulatory Affairs are redelegated such authority as is
necessary to carry out any residual duties and responsibilities of HUD,
as prescribed in the Secure and Fair Enforcement for Mortgage Licensing
Act of 2008, to the CFPB.
Section IV. Authority Excepted
The authority redelegated herein does not include the authority to:
(1) Issue or to waive regulations;
(2) Sue or be sued.
Section V. Further Redelegations
The authority redelegated by the Assistant Secretary for Housing to
the Deputy Assistant Secretary for Risk Management and Regulatory
Affairs, the Associate Deputy Assistant Secretary for Risk Management
and Regulatory Affairs, the Associate Deputy Assistant Secretary for
Risk Management and Assessment, and the Administrator of the Office of
Manufactured Housing Programs may be redelegated.
Section VI. Revocation of Delegations
The Assistant Secretary for Housing-Federal Housing Commissioner,
the General Deputy Assistant Secretary for Housing-Deputy Federal
Housing Commissioner, or the Associate General Deputy Assistant
Secretary for Housing may, at any time, revoke any of the authority
redelegated herein. Notice of any revocation will be published in the
Federal Register. This redelegation of authority supersedes all prior
redelegations of authority to the Deputy Assistant Secretary for Risk
Management and Regulatory Affairs, the Associate Deputy Assistant
Secretary for Risk Management and Regulatory Affairs, the Associate
Deputy Assistant Secretary for Risk Management and Assessment, and the
Administrator of the Office of Manufactured Housing Programs.
Authority: Section 7(d), Department of Housing and Urban
Development Act, 42 U.S.C. 3535(d).
Dated: June 5, 2012.
Carol J. Galante,
Acting Assistant Secretary for Housing- Federal Housing Commissioner.
[FR Doc. 2012-15075 Filed 6-19-12; 8:45 am]
BILLING CODE 4210-67-P
