Notice of Single Family Loan Sales (SFLS 2015-1), 41510-41512 [2015-17271]

Download as PDF 41510 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices including any personal information provided. You may review a Privacy Act notice regarding our public dockets in the January 17, 2008, issue of the Federal Register (73 FR 3316). Docket: For access to the docket to read documents or comments related to this notice, go to https:// www.regulations.gov, type USCG–2015– 0628 in the Search box, press Enter, and then click on the item you wish to view. FOR FURTHER INFORMATION CONTACT: Commander Evan Hudspeth, Designated Federal Officer of the Chemical Transportation Advisory Committee, 2703 Martin Luther King Jr. Ave. SE., Stop 7509, Washington, DC 20593– 7509, telephone 202–372–1420, fax 202–372–8380, or Evan.D.Hudspeth@ uscg.mil. If you have any questions on viewing or submitting material to the docket, call Cheryl Collins, Program Manager, Docket Operations, telephone 202–366–9826 or 1–800–647–5527. SUPPLEMENTARY INFORMATION: Notice of this meeting is given under the Federal Advisory Committee Act, 5 United States Code Appendix. The Chemical Transportation Advisory Committee is an advisory committee authorized under section 871 of the Homeland Security Act of 2002, 6 United States Code 451, and is chartered under the provisions of the Federal Advisory Committee Act. The committee acts solely in an advisory capacity to the Secretary of the Department of Homeland Security through the Commandant of the Coast Guard and the Deputy Commandant for Operations on matters relating to safe and secure marine transportation of hazardous materials activities insofar as they relate to matters within the United States Coast Guard’s jurisdiction. The Committee advises, consults with, and makes recommendations reflecting its independent judgment to the Secretary. mstockstill on DSK4VPTVN1PROD with NOTICES Agendas of Meetings Subcommittee Meetings on August 4 and 5, 2015 The subcommittee meetings will separately address the following tasks: (1) Harmonization of Response and Carriage Requirements for Biofuels and Biofuel Blends. (2) Recommendations on Safety Standards for the Design of Vessels Carrying Natural Gas or Using Natural Gas as Fuel. (3) Recommendations for Safety Standards for Ship to Ship Transfer of Hazardous Material Outside of the Baseline. (4) Recommendations for Guidance on the Implementation of Revisions to MARPOL Annex II and the International VerDate Sep<11>2014 18:52 Jul 14, 2015 Jkt 235001 Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (commonly known as the IBC Code). (5) Improving Implementation of and Education about MARPOL Discharge Requirements under MARPOL Annex II and V. (6) Vapor Control System Regulation supplementation, corrections and improvements. The task statements from the last committee meeting are located at Homeport at the following address: https://homeport.uscg.mil. Go to: Missions > Ports and Waterways > Safety Advisory Committees > CTAC Subcommittees and Working Groups. The agenda for each subcommittee will include the following: 1. Review task statements of the agenda for the August 6, 2015, meeting. 2. Work on tasks assigned in task statements mentioned above. 3. Discuss and prepare proposed recommendations for the Chemical Transportation Advisory Committee meeting on August 6, 2015, on tasks assigned in detailed task statements mentioned above. 4. Public comment period. Full Committee Meeting on August 6, 2015 The agenda for the Chemical Transportation Advisory Committee meeting on August 6, 2015, is as follows: 1. Introductions and opening remarks. 2. Marine Transportation System Presentation. 3. Coast Guard Leadership Remarks. 4. Committee will review, discuss, and formulate recommendations on the following tasks: a. Harmonization of Response and Carriage Requirements for Biofuels and Biofuel Blends. b. Recommendations on Safety Standards for the Design of Vessels Carrying Natural Gas or Using Natural Gas as Fuel. c. Recommendations for Safety Standards for Ship to Ship Transfer of Hazardous Material Outside of the Baseline. d. Recommendations for Guidance on the Implementation of Revisions to MARPOL Annex II and the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (commonly known as the IBC Code). e. Improving Implementation of and Education about MARPOL Discharge Requirements under MARPOL Annex II and V. f. Vapor Control System Regulation supplementation, corrections and improvements. PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 5. USCG presentations on the following items of interest: a. Update on International Maritime Organization activities as they relate to the marine transportation of hazardous materials. b. Update on U.S. regulations and policy initiatives as they relate to the marine transportation of hazardous materials. 6. Public comment period. 7. Set next meeting date and location. 8. Set subcommittee meeting schedule. A public comment period will be held during each Subcommittee meeting and the full committee meeting concerning matters being discussed. Public comments will be limited to 3 minutes per speaker. Please note that the public comment period will end following the last call for comments. Please contact Commander Evan Hudspeth, listed in the FOR FURTHER INFORMATION CONTACT section, to register as a speaker. Dated: July 8, 2015. J.G. Lantz, Director of Commercial Regulations and Standards, United States Coast Guard. [FR Doc. 2015–17358 Filed 7–14–15; 8:45 am] BILLING CODE 9110–04–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5882–N–01] Notice of Single Family Loan Sales (SFLS 2015–1) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sales of mortgage loans. AGENCY: This notice announces HUD’s intention to competitively sell certain unsubsidized single family mortgage loans in a sealed bid sale offering called SFLS 2015–1, without Federal Housing Administration (FHA) mortgage insurance. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the second sale offering of Fiscal Year (FY) 2015 and the sale will be held on July 15, 2015. DATES: For this sale action, the Bidder’s Information Package (BIP) was made available to qualified bidders on or about June 15, 2015. Bids for the 2015– 1 sale will be accepted on the Bid Date of July 15, 2015 (Bid Date). HUD anticipates that award(s) will be made on or about July 16, 2015 (the Award Date). SUMMARY: E:\FR\FM\15JYN1.SGM 15JYN1 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices 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 are available on the HUD Web site at: https:// www.hud.gov/sfloansales or via: https:// www.verdiassetsales.com. Please mail and fax executed documents to Verdi Consulting, Inc.: Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 22102, Attention: HUD SFLS Loan Sale Coordinator, Fax: 1–703–584–7790. FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street SW., Room 3136, Washington, DC 20410–8000; telephone number 202– 708–2625, extension 3927. Hearing- or speech-impaired individuals may call 202–708–4594 (TTY). These are not tollfree numbers. SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 2015–1 certain unsubsidized nonperforming mortgage loans (Mortgage Loans) secured by single family properties located throughout the United States. A listing of the Mortgage Loans is included in the due diligence materials made available to qualified 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 Loans will be offered in two pool types. The Department will offer national loan pools for bid and will also offer regionally-based pools, with additional purchaser requirements, that are called the Neighborhood Stabilization Outcome pools. One of these Neighborhood Stabilization Outcome pools, in the Detroit Metropolitan Statistical Area, is designated for bidding by qualified nonprofit or unit of local government entities only. ADDRESSES: mstockstill on DSK4VPTVN1PROD with NOTICES The Bidding Process The BIP describes in detail the procedure for bidding in SFLS 2015–1. The BIP also includes a standardized non-negotiable Conveyance, Assignment and Assumption Agreement (CAA Agreement). Qualified bidders will be required to submit a deposit with their bid. Deposits are calculated based upon each qualified bidder’s aggregate bid price. HUD will evaluate the bids submitted and determine the successful bid, in terms of the best value to HUD, in its sole and absolute discretion. If a VerDate Sep<11>2014 18:52 Jul 14, 2015 Jkt 235001 qualified bidder is successful, the qualified bidder’s deposit will be nonrefundable and will be applied toward the purchase price. Deposits will be returned to unsuccessful bidders. For SFLS 2015–1, settlements are expected to take place on or about August 14, 2015, and September 18, 2015. This notice provides some of the basic terms of sale. The CAA Agreement, which is included in the BIP, provides comprehensive contractual terms and conditions. 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 qualified 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 2015–1 at any time prior to the Award Date. HUD also reserves the right to reject any and all bids, in whole or in part, and include any Mortgage Loans in a later sale. Deliveries of Mortgage Loans will occur in at least two monthly settlements and the number of Mortgage Loans delivered will vary depending upon the number of Mortgage Loans the Participating Servicers have submitted for the payment of an FHA insurance claim. The Participating Servicers will not be able to submit claims on loans that are not included in the Mortgage Loan Portfolio set forth in the BIP. There can be no assurance that any Participating Servicer will deliver a minimum number of Mortgage Loans to HUD or that a minimum number of Mortgage Loans will be delivered to the Purchaser. The SFLS 2015–1 Mortgage Loans are assigned to HUD pursuant to section 204(a)(1)(A) of the National Housing Act as 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 Mortgage Loans is pursuant to section 204(g) of the National Housing Act. Mortgage Loan Sale Procedure HUD selected an open competitive whole-loan sale as the method to sell the Mortgage Loans for this specific sale transaction. For SFLS 2015–1, HUD has determined that 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, PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 41511 and provides the quickest and most efficient vehicle for HUD to dispose of the Mortgage Loans. Bidder Ineligibility In order to bid in SFLS 2015–1 as a qualified bidder, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD and applicable to the loan pool being purchased. In the Qualification Statement, the prospective bidder must provide certain representations and warranties regarding (i) a prospective bidder, (ii) a prospective bidder’s board of directors, (iii) a prospective bidder’s direct parent, (iii) a prospective bidder’s subsidiaries, and (iv) any related entity with which the prospective bidder shares a common officer, director, subcontractor or sub-contractor who has access to Confidential Information as defined in the Confidentiality Agreement or is involved in the formation of a bid transaction (‘‘Related Entities’’), and (v) a prospective bidder’s repurchase lenders. The prospective bidder is ineligible to bid on any of the Mortgage Loans included in SFLS 2015– 1 if the prospective bidder, its Related Entities or its repurchase lenders, is any of the following, unless other exceptions apply as provided for in the Qualification Statement. 1. An individual or entity that is currently debarred, suspended, or excluded from doing business with HUD pursuant to the Governmentwide Suspension and Debarment regulations at Title 2 of the Code of Federal Regulations, parts 180 and 2424; 2. An individual or entity that is currently suspended, debarred or otherwise restricted by any department or agency of the federal government or of a state government from doing business with such department or agency; 3. An individual or entity that is currently debarred, suspended, or excluded from doing mortgage related business, including having a business license suspended, surrendered or revoked, by any federal, state or local government agency, division or department; 4. An entity that has had its right to act as a Government National Mortgage Association (‘‘Ginnie Mae’’) issuer terminated and its interest in mortgages backing Ginnie Mae mortgage-backed securities extinguished by Ginnie Mae; 5. An individual or entity that is in violation of its neighborhood stabilizing outcome obligations or post-sale reporting requirements under a Conveyance, Assignment and E:\FR\FM\15JYN1.SGM 15JYN1 mstockstill on DSK4VPTVN1PROD with NOTICES 41512 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices Assumption Agreement executed for a past sale; 6. An employee of HUD’s Office of Housing, 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 with household to be inclusive of the employee’s father, mother, stepfather, stepmother, brother, sister, stepbrother, stepsister, son, daughter, stepson, stepdaughter, grandparent, grandson, granddaughter, father-in-law, mother-in-law, brother-inlaw, sister-in-law, son-in-law, daughterin-law, first cousin, the spouse of any of the foregoing, and the employee’s spouse; 7. A contractor, subcontractor and/or consultant or advisor (including any agent, employee, partner, director, or principal of any of the foregoing) who performed services for or on behalf of HUD in connection with the sale; 8. An individual or entity that knowingly acquired or will acquire prior to the sale date material nonpublic information, other than that information which is made available to Bidder by HUD pursuant to the terms of this Qualification Statement, about Mortgage Loans offered in the sale; 9. An individual or entity that knowingly uses the services, directly or indirectly, of any person or entity ineligible under 1 through 11 to assist in preparing any of its bids on the Mortgage Loans; 10. An individual or entity which knowingly employs or uses the services of an employee of HUD’s Office of Housing (other than in such employee’s official capacity); or 11. A Participating Servicer that contributed Mortgage Loans to a pool on which the Bidder is placing a bid. The Qualification Statement has additional representations and warranties which the prospective bidder must make, including but not limited to the representation and warranty that the prospective bidder or its Related Entities are not and will not knowingly use the services, directly or indirectly, of any person or entity that is, any of the following (and to the extent that any such individual or entity would prevent Bidder from making the following representations, such individual or entity has been removed from participation in all activities related to this sale and has no ability to influence or control individuals involved in formation of a bid for this sale): (1) An entity or individual is ineligible to bid on any included Mortgage Loan or on the pool containing such Mortgage Loan because it is an entity or individual that: VerDate Sep<11>2014 18:52 Jul 14, 2015 Jkt 235001 (a) Serviced or held any Mortgage Loan at any time during the two-year period prior to the bid, or (b) is any principal of any entity or individual described in the preceding sentence; (c) any employee or subcontractor of such entity or individual during that two-year period; or (d) any entity or individual that employs or uses the services of any other entity or individual described in this paragraph 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 2015–1, including, but not limited to, the identity of any successful qualified 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 2015–1, HUD will 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 2015–1 and does not establish HUD’s policy for the sale of other mortgage loans. Dated: July 1, 2015. Edward L. Golding, Principal Deputy Assistant Secretary for Housing. [FR Doc. 2015–17271 Filed 7–14–15; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Geological Survey [GX15EN05ESB0500] Reopening of Nomination Period for State Government Members of the Advisory Committee on Climate Change and Natural Resource Science U.S. Geological Survey, Interior. ACTION: Notice. AGENCY: The U.S. Department of the Interior published a notice inviting nominations for non-Federal members of the Advisory Committee on Climate Change and Natural Resource Science (Committee). The initial closing date for nominations was June 1, 2015, and this nomination period was extended to July 8. This Federal Register Notice reopens the nomination and comment period for SUMMARY: PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 an additional 30 days, for state government nominees only. If you have already submitted information to be considered for appointment to the Committee you do not have to resubmit it. DATES: Written nominations must be received by August 14, 2015. ADDRESSES: Send nominations to: Robin O’Malley, Policy and Partnership Coordinator, National Climate Change and Wildlife Science Center, U.S. Geological Survey, 12201 Sunrise Valley Drive, Mail Stop 516, Reston, VA 20192, romalley@usgs.gov. FOR FURTHER INFORMATION CONTACT: Robin O’Malley, Policy and Partnership Coordinator, National Climate Change and Wildlife Science Center, U.S. Geological Survey, 12201 Sunrise Valley Drive, Mail Stop 516, Reston, VA 20192, romalley@usgs.gov. SUPPLEMENTARY INFORMATION: On March 30, 2015, the U.S. Department of the Interior (DOI) published a notice inviting nominations for the Advisory Committee on Climate Change and Natural Resource Science (Committee). On June 8, 2015, the DOI published a notice extending this comment period for an additional 30 days, with a closing date of July 8, 2015. The Committee provides advice on matters and actions relating to the establishment and operations of the U.S. Geological Survey National Climate Change and Wildlife Science Center and the DOI Climate Science Centers. See: https:// nccwsc.usgs.gov/acccnrs for more information. Contacts with potential nominees from state government have indicated that additional time to secure management approval of their nomination is required. Because state governments are a key partner, the Department is reopening the nomination period, for state government nominees only. Nominations should include a resume that describes the nominee’s qualifications in enough detail to enable us to make an informed decision regarding meeting the membership requirements of the Committee and to contact a potential member. The Committee will be composed of approximately 25 members from the Federal Government, and the following interests: (1) State and local governments, including state membership entities; (2) Nongovernmental organizations, including those whose primary mission is professional and scientific and those whose primary mission is conservation and related scientific and advocacy activities; (3) American Indian tribes E:\FR\FM\15JYN1.SGM 15JYN1

Agencies

[Federal Register Volume 80, Number 135 (Wednesday, July 15, 2015)]
[Notices]
[Pages 41510-41512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-17271]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5882-N-01]


Notice of Single Family Loan Sales (SFLS 2015-1)

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

ACTION: Notice of sales of mortgage loans.

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

SUMMARY: This notice announces HUD's intention to competitively sell 
certain unsubsidized single family mortgage loans in a sealed bid sale 
offering called SFLS 2015-1, without Federal Housing Administration 
(FHA) mortgage insurance. This notice also generally describes the 
bidding process for the sale and certain persons who are ineligible to 
bid. This is the second sale offering of Fiscal Year (FY) 2015 and the 
sale will be held on July 15, 2015.

DATES: For this sale action, the Bidder's Information Package (BIP) was 
made available to qualified bidders on or about June 15, 2015. Bids for 
the 2015-1 sale will be accepted on the Bid Date of July 15, 2015 (Bid 
Date). HUD anticipates that award(s) will be made on or about July 16, 
2015 (the Award Date).

[[Page 41511]]


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 are available on the HUD Web site at: https://www.hud.gov/sfloansales or via: https://www.verdiassetsales.com.
    Please mail and fax executed documents to Verdi Consulting, Inc.: 
Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 
22102, Attention: HUD SFLS Loan Sale Coordinator, Fax: 1-703-584-7790.

FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales 
Office, Room 3136, Department of Housing and Urban Development, 451 
Seventh Street SW., Room 3136, Washington, DC 20410-8000; telephone 
number 202-708-2625, extension 3927. Hearing- or speech-impaired 
individuals may call 202-708-4594 (TTY). These are not toll-free 
numbers.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 
2015-1 certain unsubsidized non-performing mortgage loans (Mortgage 
Loans) secured by single family properties located throughout the 
United States. A listing of the Mortgage Loans is included in the due 
diligence materials made available to qualified 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 Loans will be offered in two pool types. The Department will 
offer national loan pools for bid and will also offer regionally-based 
pools, with additional purchaser requirements, that are called the 
Neighborhood Stabilization Outcome pools. One of these Neighborhood 
Stabilization Outcome pools, in the Detroit Metropolitan Statistical 
Area, is designated for bidding by qualified non-profit or unit of 
local government entities only.

The Bidding Process

    The BIP describes in detail the procedure for bidding in SFLS 2015-
1. The BIP also includes a standardized non-negotiable Conveyance, 
Assignment and Assumption Agreement (CAA Agreement). Qualified bidders 
will be required to submit a deposit with their bid. Deposits are 
calculated based upon each qualified bidder's aggregate bid price.
    HUD will evaluate the bids submitted and determine the successful 
bid, in terms of the best value to HUD, in its sole and absolute 
discretion. If a qualified bidder is successful, the qualified bidder's 
deposit will be non-refundable and will be applied toward the purchase 
price. Deposits will be returned to unsuccessful bidders. For SFLS 
2015-1, settlements are expected to take place on or about August 14, 
2015, and September 18, 2015.
    This notice provides some of the basic terms of sale. The CAA 
Agreement, which is included in the BIP, provides comprehensive 
contractual terms and conditions. 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 qualified 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 2015-1 at 
any time prior to the Award Date. HUD also reserves the right to reject 
any and all bids, in whole or in part, and include any Mortgage Loans 
in a later sale. Deliveries of Mortgage Loans will occur in at least 
two monthly settlements and the number of Mortgage Loans delivered will 
vary depending upon the number of Mortgage Loans the Participating 
Servicers have submitted for the payment of an FHA insurance claim. The 
Participating Servicers will not be able to submit claims on loans that 
are not included in the Mortgage Loan Portfolio set forth in the BIP. 
There can be no assurance that any Participating Servicer will deliver 
a minimum number of Mortgage Loans to HUD or that a minimum number of 
Mortgage Loans will be delivered to the Purchaser.
    The SFLS 2015-1 Mortgage Loans are assigned to HUD pursuant to 
section 204(a)(1)(A) of the National Housing Act as 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 Mortgage Loans is pursuant to section 204(g) of the National 
Housing Act.

Mortgage Loan Sale Procedure

    HUD selected an open competitive whole-loan sale as the method to 
sell the Mortgage Loans for this specific sale transaction. For SFLS 
2015-1, HUD has determined that 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 Ineligibility

    In order to bid in SFLS 2015-1 as a qualified bidder, a prospective 
bidder must complete, execute and submit both a Confidentiality 
Agreement and a Qualification Statement acceptable to HUD and 
applicable to the loan pool being purchased. In the Qualification 
Statement, the prospective bidder must provide certain representations 
and warranties regarding (i) a prospective bidder, (ii) a prospective 
bidder's board of directors, (iii) a prospective bidder's direct 
parent, (iii) a prospective bidder's subsidiaries, and (iv) any related 
entity with which the prospective bidder shares a common officer, 
director, subcontractor or sub-contractor who has access to 
Confidential Information as defined in the Confidentiality Agreement or 
is involved in the formation of a bid transaction (``Related 
Entities''), and (v) a prospective bidder's repurchase lenders. The 
prospective bidder is ineligible to bid on any of the Mortgage Loans 
included in SFLS 2015-1 if the prospective bidder, its Related Entities 
or its repurchase lenders, is any of the following, unless other 
exceptions apply as provided for in the Qualification Statement.
    1. An individual or entity that is currently debarred, suspended, 
or excluded from doing business with HUD pursuant to the Governmentwide 
Suspension and Debarment regulations at Title 2 of the Code of Federal 
Regulations, parts 180 and 2424;
    2. An individual or entity that is currently suspended, debarred or 
otherwise restricted by any department or agency of the federal 
government or of a state government from doing business with such 
department or agency;
    3. An individual or entity that is currently debarred, suspended, 
or excluded from doing mortgage related business, including having a 
business license suspended, surrendered or revoked, by any federal, 
state or local government agency, division or department;
    4. An entity that has had its right to act as a Government National 
Mortgage Association (``Ginnie Mae'') issuer terminated and its 
interest in mortgages backing Ginnie Mae mortgage-backed securities 
extinguished by Ginnie Mae;
    5. An individual or entity that is in violation of its neighborhood 
stabilizing outcome obligations or post-sale reporting requirements 
under a Conveyance, Assignment and

[[Page 41512]]

Assumption Agreement executed for a past sale;
    6. An employee of HUD's Office of Housing, 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 with household to be 
inclusive of the employee's father, mother, stepfather, stepmother, 
brother, sister, stepbrother, stepsister, son, daughter, stepson, 
stepdaughter, grandparent, grandson, granddaughter, father-in-law, 
mother-in-law, brother-in-law, sister-in-law, son-in-law, daughter-in-
law, first cousin, the spouse of any of the foregoing, and the 
employee's spouse;
    7. A contractor, subcontractor and/or consultant or advisor 
(including any agent, employee, partner, director, or principal of any 
of the foregoing) who performed services for or on behalf of HUD in 
connection with the sale;
    8. An individual or entity that knowingly acquired or will acquire 
prior to the sale date material non-public information, other than that 
information which is made available to Bidder by HUD pursuant to the 
terms of this Qualification Statement, about Mortgage Loans offered in 
the sale;
    9. An individual or entity that knowingly uses the services, 
directly or indirectly, of any person or entity ineligible under 1 
through 11 to assist in preparing any of its bids on the Mortgage 
Loans;
    10. An individual or entity which knowingly employs or uses the 
services of an employee of HUD's Office of Housing (other than in such 
employee's official capacity); or
    11. A Participating Servicer that contributed Mortgage Loans to a 
pool on which the Bidder is placing a bid.
    The Qualification Statement has additional representations and 
warranties which the prospective bidder must make, including but not 
limited to the representation and warranty that the prospective bidder 
or its Related Entities are not and will not knowingly use the 
services, directly or indirectly, of any person or entity that is, any 
of the following (and to the extent that any such individual or entity 
would prevent Bidder from making the following representations, such 
individual or entity has been removed from participation in all 
activities related to this sale and has no ability to influence or 
control individuals involved in formation of a bid for this sale):
    (1) An entity or individual is ineligible to bid on any included 
Mortgage Loan or on the pool containing such Mortgage Loan because it 
is an entity or individual that:
    (a) Serviced or held any Mortgage Loan at any time during the two-
year period prior to the bid, or
    (b) is any principal of any entity or individual described in the 
preceding sentence;
    (c) any employee or subcontractor of such entity or individual 
during that two-year period; or
    (d) any entity or individual that employs or uses the services of 
any other entity or individual described in this paragraph 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 2015-1, including, but not limited 
to, the identity of any successful qualified 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 2015-1, HUD will 
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 2015-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: July 1, 2015.
Edward L. Golding,
Principal Deputy Assistant Secretary for Housing.
[FR Doc. 2015-17271 Filed 7-14-15; 8:45 am]
BILLING CODE 4210-67-P
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