Notice of Aged Delinquent Portfolio Loan Sale (ADPLS), 30545-30547 [2016-11616]

Download as PDF 30545 Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices DEPARTMENT OF HEALTH AND HUMAN SERVICES Substance Abuse and Mental Health Services Administration Agency Information Collection Activities: Proposed Collection; Comment Request In compliance with Section 3506(c)(2)(A) of the Paperwork Reduction Act of 1995 concerning opportunity for public comment on proposed collections of information, the Substance Abuse and Mental Health Services Administration (SAMHSA) will publish periodic summaries of proposed projects. To request more information on the proposed projects or to obtain a copy of the information collection plans, call the SAMHSA Reports Clearance Officer on (240) 276– 1243. Comments are invited on: (a) Whether the proposed collections of information are necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Proposed Project: Mental Health First Aid Evaluation—NEW. The Substance Abuse and Mental Health Services Administration’s (SAMHSA) Center for Mental Health Services (CMHS) is requesting approval from the Office of Management and Budget (OMB) for new data collection activities associated with its Mental Health First Aid (MHFA) program. This information is needed to evaluate implementation of MHFA and Youth Mental Health First Aid in three distinct grant programs: Project Advancing Wellness and Resilience in Education (AWARE) State Education Agency (SEA) Cooperative Agreements, which provide funding to support MHFA and YMHFA training to state education agencies; Project AWARE Local Education Agency (LEA) Grants, which provide funding to school districts; and Project AWARE Community (C), a new funding opportunity in fiscal year 2015 that is intended to support MHFA and YMHFA training through a wide range of community organizations. The MHFA/YMHFA evaluation will address both overarching and programspecific questions related to the Responses per respondent Number of respondents Instrument/activity implementation and effectiveness of widespread dissemination of mental health literacy programs through these three distinct funding mechanisms and increase SAMHSA’s understanding of training, referral benefits, and issues in varied milieu (e.g., implementation climate, leadership). These evaluation questions are essential to address because, although MHFA/YMHFA has a track record and well-articulated theory of action, it is vital for SAMHSA to be able to identify factors that are expected to increase or decrease the extent MHFA/YMHFA is disseminated and implemented with quality. This data collection is covered under the requirements of Public Law 103–62, the Government Performance and Results Act (GPRA) of 1993,Title 38, section 527, Evaluation and Data Collection, as well as 38 CFR 1.15, Standards for Program Evaluation. SAMHSA is requesting clearance for four data collection instruments: (1) MHFA/YMHFA Pre-Training Survey. (2) MHFA/YMHFA Post-Training Survey. (3) MHFA/YMHFA 3-Month and 6Month Follow-Up Survey. (4) Qualitative protocol for interviews with site coordinators. The table below reflects the annualized hourly burden. Total responses Hours per response Total burden hours MHFA/YMHFA Pre-Training Survey .................................... MHFA/YMHFA Post-Training Survey .................................. MHFA/YMHFA 3-Month Follow-Up Survey ......................... MHFA/YMHFA 6-Month Follow-Up Survey ......................... Qualitative Interviews ........................................................... 22,800 22,800 19,380 17,100 23 1 1 1 1 1 22,800 22,800 19,380 17,100 23 .33 .25 .17 .17 .75 7,524 5,700 3,294 2,907 17.25 Total .............................................................................. 22,823 ........................ 82,103 ........................ 19,442 Send comments to Summer King, SAMHSA Reports Clearance Officer, 5600 Fishers Lane, Room 15E57–B, Rockville, Maryland, 20857 or email her a copy at summer.king@samhsa.hhs.gov. Written comments should be received by July 18, 2016. Summer King, Statistician. jstallworth on DSK7TPTVN1PROD with NOTICES [FR Doc. 2016–11560 Filed 5–16–16; 8:45 am] DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5949–N–01] Notice of Aged Delinquent Portfolio Loan Sale (ADPLS) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sales of mortgage loans. AGENCY: BILLING CODE 4162–20–P This notice announces HUD’s intention to competitively sell certain unsubsidized single family mortgage loans, in a sealed bid sale offering called ADPLS, without Federal Housing Administration (FHA) mortgage insurance. This notice also generally SUMMARY: VerDate Sep<11>2014 15:32 May 16, 2016 Jkt 238001 PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 describes the bidding process for the sale and certain persons who are ineligible to bid. This is the first ADPLS offering, and the sale will be held on May 18, 2016. DATES: For this sale action, the Bidder’s Information Package (BIP) was made available to qualified bidders on April 11, 2016. Bids for the ADPLS sale will be accepted on the Bid Date of May 18, 2016 (Bid Date). HUD anticipates that award(s) will be made on or after May 18, 2016 (the Award Date). ADDRESSES: To become a qualified bidder and receive the BIP, prospective bidders must complete, execute, and submit a Confidentiality Agreement and a Qualification Statement acceptable to HUD. Both documents are available via the HUD Web site at: http:// E:\FR\FM\17MYN1.SGM 17MYN1 30546 Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices www.hud.gov/sfloansales or via: http:// www.verdiassetsales.com. Please execute electronically or mail and fax executed documents to Verdi Consulting, Inc.: Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 22102, Attention: HUD ADPLS Coordinator, Fax: 1–703–584– 7790. John Lucey, Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410–8000; telephone 202–708–2625, extension 3927. Hearing- or speech-impaired individuals may call 202–708–4594 (TTY). These are not toll-free numbers. FOR FURTHER INFORMATION CONTACT: HUD announces its intention to sell in ADPLS 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. SUPPLEMENTARY INFORMATION: jstallworth on DSK7TPTVN1PROD with NOTICES The Bidding Process The BIP describes in detail the procedure for bidding in ADPLS. The BIP also includes a standardized nonnegotiable 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 nonrefundable and will be applied toward the purchase price. Deposits will be returned to unsuccessful bidders. For ADPLS, settlements are expected to take place on or about June 27, 2016, and July 29th, 2016. 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. VerDate Sep<11>2014 15:32 May 16, 2016 Jkt 238001 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 ADPLS 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 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 ADPLS 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 ADPLS, 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 ADPLS as a qualified bidder, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. 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 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 the prospective bidder shares a common officer, director, subcontractor or subcontractor 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 ADPLS if the prospective bidder, its Related Entities or its repurchase lenders, is any of the following, unless other exceptions apply as provided for the in 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 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 E:\FR\FM\17MYN1.SGM 17MYN1 jstallworth on DSK7TPTVN1PROD with NOTICES Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices 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: (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 ADPLS, including, but not limited to, the VerDate Sep<11>2014 15:32 May 16, 2016 Jkt 238001 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 ADPLS, HUD will disclose any information that HUD is obligated to disclose pursuant to the Freedom of Information Act and all regulations promulgated thereunder. 30547 before 4 p.m. The meetings will include a public comment period at approximately 8:30 a.m. and approximately 4:00 p.m. Dated: May 11, 2016. Edward L. Golding, Principal Deputy Assistant Secretary for Housing. Lisa Ross, Public Affairs Specialist, Carson City District Office, 5665 Morgan Mill Road, Carson City, NV 89701, telephone: (775) 885–6107, email: lross@blm.gov. Persons who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877–8339 to contact the above individual during normal business hours. The FIRS is available 24 hours a day, 7 days a week, to leave a message or question with the above individual. You will receive a reply during normal business hours. [FR Doc. 2016–11616 Filed 5–16–16; 8:45 am] SUPPLEMENTARY INFORMATION: Scope of Notice This notice applies to ADPLS and does not establish HUD’s policy for the sale of other mortgage loans. BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Bureau of Land Management [LLNV912000. L12200000.PM0000 LXSS006F0000 261A; 14–1109; MO# 4500093084] Notice of Public Meetings: Sierra Front-Northwestern Great Basin Resource Advisory Council, Nevada Bureau of Land Management, Interior. ACTION: Notice of public meetings. AGENCY: In accordance with the Federal Land Policy and Management Act (FLPMA) and the Federal Advisory Committee Act of 1972 (FACA), the U.S. Department of the Interior, Bureau of Land Management (BLM) Sierra FrontNorthwestern Great Basin Resource Advisory Council (RAC), will hold two meetings in Nevada, in 2016. The meetings are open to the public. DATES AND TIMES: June 2 and 3 at the BLM Winnemucca, Nevada District. A meeting will be held on Thursday, June 2, at the Winnemucca BLM District Office (5100 East Winnemucca Blvd.) in Winnemucca, Nevada. A field trip will be held on Friday, June 3 within the Winnemucca BLM District. The second meeting will be held August 11 and 12, at the BLM Carson City, Nevada District. A meeting will be held on Thursday, August 11, at the Carson City BLM District Office (5665 Morgan Mill Road) in Carson City, Nevada. A field trip will be held on Friday, August 12 within the Carson City BLM District. Approximate meeting times are 8 a.m. to 4 p.m. However, meetings could end earlier if discussions and presentations conclude SUMMARY: PO 00000 Frm 00033 Fmt 4703 Sfmt 9990 FOR FURTHER INFORMATION CONTACT: The 15member Council advises the Secretary of the Interior, through the BLM, on a variety of planning and management issues associated with public land management in Nevada. Topics for discussion at the meeting will include, but are not limited to: • June 2 & 3—landscape vegetative management, rangeland health assessments, Fire Invasive Assessment Tool (FIAT), sage grouse, drought, and fire restoration. Managers’ reports of district office activities will be distributed at each meeting. • August 11 & 12—Sage Grouse, Wild Horse & Burro, Land Health projects, Managers’ report of district office activities will be distributed at each meeting. The Council may raise other topics at the meetings. Final agendas will be posted on-line at the BLM Sierra Front-Northwestern Great Basin RAC Web site at http:// www.blm.gov/nv/st/en/res/ resource_advisory.html and will be published in local and regional media sources at least 14 days before each meeting. Individuals who need special assistance such as sign language interpretation or other reasonable accommodations, or who wish to receive a copy of each agenda, may contact Lisa Ross no later than 10 days prior to each meeting. Steve Clutter, Chief, Office of Communications. [FR Doc. 2016–11572 Filed 5–16–16; 8:45 am] BILLING CODE 4310–HC–P E:\FR\FM\17MYN1.SGM 17MYN1

Agencies

[Federal Register Volume 81, Number 95 (Tuesday, May 17, 2016)]
[Notices]
[Pages 30545-30547]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-11616]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5949-N-01]


Notice of Aged Delinquent Portfolio Loan Sale (ADPLS)

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 ADPLS, 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 first ADPLS offering, and the sale will be held on May 18, 
2016.

DATES: For this sale action, the Bidder's Information Package (BIP) was 
made available to qualified bidders on April 11, 2016. Bids for the 
ADPLS sale will be accepted on the Bid Date of May 18, 2016 (Bid Date). 
HUD anticipates that award(s) will be made on or after May 18, 2016 
(the Award Date).

ADDRESSES: To become a qualified bidder and receive the BIP, 
prospective bidders must complete, execute, and submit a 
Confidentiality Agreement and a Qualification Statement acceptable to 
HUD. Both documents are available via the HUD Web site at: http://

[[Page 30546]]

www.hud.gov/sfloansales or via: http://www.verdiassetsales.com. Please 
execute electronically or mail and fax executed documents to Verdi 
Consulting, Inc.: Verdi Consulting, Inc., 8400 Westpark Drive, 4th 
Floor, McLean, VA 22102, Attention: HUD ADPLS 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., Washington, DC 20410-8000; telephone 202-708-2625, 
extension 3927. Hearing- or speech-impaired individuals may call 202-
708-4594 (TTY). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in ADPLS 
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 Bidding Process

    The BIP describes in detail the procedure for bidding in ADPLS. 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 ADPLS, 
settlements are expected to take place on or about June 27, 2016, and 
July 29th, 2016.
    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 ADPLS 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 
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 ADPLS 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 ADPLS, 
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 ADPLS as a qualified bidder, a prospective 
bidder must complete, execute and submit both a Confidentiality 
Agreement and a Qualification Statement acceptable to HUD. 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 ADPLS if the prospective bidder, its Related Entities or 
its repurchase lenders, is any of the following, unless other 
exceptions apply as provided for the in 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 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

[[Page 30547]]

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 ADPLS, 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 ADPLS, 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 ADPLS and does not establish HUD's policy 
for the sale of other mortgage loans.

    Dated: May 11, 2016.
Edward L. Golding,
Principal Deputy Assistant Secretary for Housing.
[FR Doc. 2016-11616 Filed 5-16-16; 8:45 am]
BILLING CODE 4210-67-P