Notice of HUD Vacant Loan Sales (HVLS 2019-1), 55733-55735 [2018-24395]

Download as PDF 55733 Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices TABLE 1—ANNUALIZED HOUR BURDEN ESTIMATES Number of respondents Form Hours per response Total hour burden Individual/Family Crisis Counseling Services Encounter Log ......................... Group Encounter Log ...................................................................................... Weekly Tally Sheet .......................................................................................... Assessment and Referral Tools ...................................................................... Participant Feedback Form ............................................................................. Service Provider Feedback Form .................................................................... 600 100 600 600 1,000 100 196 33 52 14 1 1 0.08 0.05 0.15 0.17 0.25 0.41 9,408 165 4,680 1,428 250 41 Total .......................................................................................................... 3,000 ........................ ........................ 15,972 Send comments to Summer King, SAMHSA Reports Clearance Officer, 5600 Fishers Lane, Room 15E57–B, Rockville, MD 20857 OR email her a copy at summer.king@samhsa.hhs.gov. Written comments should be received by January 7, 2019. Summer King, Statistician. [FR Doc. 2018–24283 Filed 11–6–18; 8:45 am] BILLING CODE 4162–20–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection Customs Broker User Fee Payment for 2019 U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: This document provides notice to customs brokers that the annual user fee that is assessed for each permit held by a broker, whether it may be an individual, partnership, association, or corporation, is due by January 25, 2019. Pursuant to fee adjustments required by the Fixing America’s Surface Transportation Act (FAST Act) and CBP regulations, the annual user fee payable in calendar year 2019 will be $144.74. DATES: Payment of the 2019 Customs Broker User Fee is due by January 25, 2019. FOR FURTHER INFORMATION CONTACT: Julia Peterson, Broker Management Branch, Office of Trade, (202) 325–6601. SUPPLEMENTARY INFORMATION: Pursuant to section 111.96 of title 19 of the Code of Federal Regulations (19 CFR 111.96(c)), U.S. Customs and Border Protection (CBP) assesses an annual user fee for each customs broker district and national permit held by an individual, partnership, association, or corporation. CBP regulations provide SUMMARY: amozie on DSK3GDR082PROD with NOTICES1 Responses per respondent VerDate Sep<11>2014 17:46 Nov 06, 2018 Jkt 247001 that this fee is payable for each calendar year in each broker district where the broker was issued a permit to do business by the due date. See 19 CFR 24.22(h) and (i)(9). Broker districts are defined in the General Notice entitled, ‘‘Geographic Boundaries of Customs Brokerage, Cartage and Lighterage Districts,’’ published in the Federal Register on March 15, 2000 (65 FR 14011), and corrected, with minor changes, on March 23, 2000 (65 FR 15686) and on April 6, 2000 (65 FR 18151). Sections 24.22 and 24.23 of title 19 of the Code of Federal Regulations (19 CFR 24.22 and 24.23) provide for and describe the procedures that implement the requirements of the Fixing America’s Surface Transportation Act (FAST Act) (Pub. L. 114–94, December 4, 2015). Specifically, paragraph (k) in section 24.22 (19 CFR 24.22(k)) sets forth the methodology to determine the change in inflation as well as the factor by which the fees and limitations will be adjusted, if necessary. The customs broker user fee is set forth in Appendix A of part 24. (19 CFR 24.22 Appendix A). On August 1, 2018, CBP published a Federal Register notice, CBP Dec. 18– 08, which among other things, announced that the annual broker permit user fee would increase to $144.74 for calendar year 2019. See 83 FR 37509. As required by 19 CFR 111.96, CBP must provide notice in the Federal Register no later than 60 days before the date that the payment is due for each broker permit. This document notifies customs brokers that for calendar year 2019, the due date for payment of the user fee is January 25, 2019. Dated: November 1, 2018. Brenda B. Smith, Executive Assistant Commissioner, Office of Trade. [FR Doc. 2018–24342 Filed 11–6–18; 8:45 am] BILLING CODE 9111–14–P PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–6133–N–01] Notice of HUD Vacant Loan Sales (HVLS 2019–1) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sales of reverse mortgage loans. AGENCY: This notice announces HUD’s intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 1,150 reverse mortgage notes secured by properties with a loan balance of approximately $230 million. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a nonborrowing spouse. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the third sale offering of its type and the sale will be held on December 12, 2018. DATES: For this sale action, the Bidder’s Information Package (BIP) is expected to be made available to qualified bidders on or about November 14, 2018. Bids for the HVLS 2019–1 sale will be accepted on the Bid Date of December 12, 2018 (Bid Date). HUD anticipates that award(s) will be made on or about December 13, 2018 (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 website at: https:// www.hud.gov/sfloansales or via: https:// www.verdiassetsales.com. SUMMARY: E:\FR\FM\07NON1.SGM 07NON1 55734 Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices 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, 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 HVLS 2019–1 due and payable Secretary-held reverse mortgage loans. The loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a nonborrowing spouse. 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 are expected to be offered in regional pools, with one or more geographically concentrated pools designated for bidding by qualified nonprofit or unit of local government entities only. Qualified non-profit or unit of local government bidders will also have the opportunity to bid on up to 10% of the loans in a larger regional pool. amozie on DSK3GDR082PROD with NOTICES1 The Bidding Process The BIP describes in detail the procedure for bidding in HVLS 2019–1. The BIP also includes a standardized non-negotiable Conveyance, Assignment and Assumption Agreement for HVLS 2019–1 (CAA). 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. This notice provides some of the basic terms of sale. The CAA, which is included in the BIP, provides comprehensive contractual terms and conditions. To ensure a competitive VerDate Sep<11>2014 17:46 Nov 06, 2018 Jkt 247001 bidding process, the terms of the bidding process and the CAA 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 HVLS 2019–1 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 reverse mortgage loans in a later sale. Deliveries of mortgage loans will occur in conjunction with settlement and servicing transfer, approximately 30 to 45 days after the Award Date. The HVLS 2019–1 reverse mortgage loans were insured by and were assigned to HUD pursuant to section 255 of the National Housing Act, as amended. The sale of the reverse 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 HVLS 2019–1, HUD has determined that this method of sale optimizes HUD’s return on the sale of these 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 HVLS 2019–1 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 the prospective bidder, including but not limited to (i) the prospective bidder’s board of directors, (ii) the prospective bidder’s direct parent, (iii) the prospective bidder’s subsidiaries, (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 (collectively the ‘‘Related Entities’’), and (v) the prospective bidder’s repurchase lenders. The prospective bidder is ineligible to bid on any of the reverse mortgage loans PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 included in HVLS 2019–1 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 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 2 CFR 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 any previous mortgage loan sale of HUD; 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 E:\FR\FM\07NON1.SGM 07NON1 Federal Register / Vol. 83, No. 216 / Wednesday, November 7, 2018 / Notices 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 10 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 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 the prospective 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 reverse mortgage loan or on the pool containing such reverse mortgage loan because it is an entity or individual that: (a) serviced or held such reverse mortgage loan at any time during the six-month 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 six-month 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 reverse mortgage loan. amozie on DSK3GDR082PROD with NOTICES1 Freedom of Information Act Requests HUD reserves the right, in its sole and absolute discretion, to disclose information regarding HVLS 2019–1, 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 HVLS 2019–1, HUD will disclose any information that HUD is obligated to disclose pursuant to the Freedom of Information Act and all regulations promulgated thereunder. VerDate Sep<11>2014 17:46 Nov 06, 2018 Jkt 247001 Scope of Notice FOR FURTHER INFORMATION CONTACT: This notice applies to HVLS 2019–1 and does not establish HUD’s policy for the sale of other mortgage loans. Dated: November 1, 2018. Vance T. Morris, Special Assistant to the Assistant Secretary for Housing—Federal Housing Commissioner. [FR Doc. 2018–24395 Filed 11–6–18; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service [Docket No. FWS–HQ–IA–2018–0084; FXIA16710900000–178–FF09A30000] Foreign Endangered Species; Receipt of Permit Applications Fish and Wildlife Service, Interior. ACTION: Notice of receipt of permit applications. AGENCY: We, the U.S. Fish and Wildlife Service, invite the public to comment on applications to conduct certain activities with foreign species that are listed as endangered under the Endangered Species Act (ESA). With some exceptions, the ESA prohibits activities with listed species unless Federal authorization is issued that allows such activities. The ESA also requires that we invite public comment before issuing permits for activities involving endangered species. DATES: We must receive comments by December 7, 2018. ADDRESSES: Obtaining Documents: The applications, application supporting materials, and any comments and other materials that we receive will be available for public inspection at https:// www.regulations.gov in Docket No. FWS–HQ–IA–2018–0084. Submitting Comments: When submitting comments, please specify the name of the applicant and the permit number at the beginning of your comment. You may submit comments by one of the following methods: • Internet: https:// www.regulations.gov. Search for and submit comments on Docket No. FWS– HQ–IA–2018–0084. • U.S. Mail or Hand-Delivery: Public Comments Processing, Attn: Docket No. FWS–HQ–IA–2018–0084; U.S. Fish and Wildlife Service Headquarters, MS: BPHC; 5275 Leesburg Pike; Falls Church, VA 22041–3803. For more information, see Public Comment Procedures under SUPPLEMENTARY INFORMATION. SUMMARY: PO 00000 Frm 00048 Fmt 4703 55735 Sfmt 4703 Brenda Tapia, by phone at 703–358– 2104, via email at DMAFR@fws.gov, or via the Federal Relay Service at 800– 877–8339. SUPPLEMENTARY INFORMATION: I. Public Comment Procedures A. How do I comment on submitted applications? You may submit your comments and materials by one of the methods in ADDRESSES. We will not consider comments sent by email or fax, or to an address not in ADDRESSES. We will not consider or include in our administrative record comments we receive after the close of the comment period (see DATES). When submitting comments, please specify the name of the applicant and the permit number at the beginning of your comment. Provide sufficient information to allow us to authenticate any scientific or commercial data you include. The comments and recommendations that will be most useful and likely to influence agency decisions are: (1) Those supported by quantitative information or studies; and (2) those that include citations to, and analyses of, the applicable laws and regulations. B. May I review comments submitted by others? You may view and comment on others’ public comments on https:// www.regulations.gov, unless our allowing so would violate the Privacy Act (5 U.S.C. 552a) or Freedom of Information Act (5 U.S.C. 552). C. Who will see my comments? If you submit a comment at https:// www.regulations.gov, your entire comment, including any personal identifying information, will be posted on the website. If you submit a hardcopy comment that includes personal identifying information, such as your address, phone number, or email address, you may request at the top of your document that we withhold this information from public review. However, we cannot guarantee that we will be able to do so. Moreover, all submissions from organizations or businesses, and from individuals identifying themselves as representatives or officials of organizations or businesses, will be made available for public disclosure in their entirety. II. Background To help us carry out our conservation responsibilities for affected species, and E:\FR\FM\07NON1.SGM 07NON1

Agencies

[Federal Register Volume 83, Number 216 (Wednesday, November 7, 2018)]
[Notices]
[Pages 55733-55735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-24395]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6133-N-01]


Notice of HUD Vacant Loan Sales (HVLS 2019-1)

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

ACTION: Notice of sales of reverse mortgage loans.

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

SUMMARY: This notice announces HUD's intention to competitively offer 
multiple residential reverse mortgage pools consisting of approximately 
1,150 reverse mortgage notes secured by properties with a loan balance 
of approximately $230 million. The sale will consist of due and payable 
Secretary-held reverse mortgage loans. The mortgage loans consist of 
first liens secured by single family, vacant residential properties, 
where all borrowers are deceased, and no borrower is survived by a non-
borrowing spouse.
    This notice also generally describes the bidding process for the 
sale and certain persons who are ineligible to bid. This is the third 
sale offering of its type and the sale will be held on December 12, 
2018.

DATES: For this sale action, the Bidder's Information Package (BIP) is 
expected to be made available to qualified bidders on or about November 
14, 2018. Bids for the HVLS 2019-1 sale will be accepted on the Bid 
Date of December 12, 2018 (Bid Date). HUD anticipates that award(s) 
will be made on or about December 13, 2018 (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 website at: https://www.hud.gov/sfloansales or via: https://www.verdiassetsales.com.

[[Page 55734]]

    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, 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 HVLS 
2019-1 due and payable Secretary-held reverse mortgage loans. The loans 
consist of first liens secured by single family, vacant residential 
properties, where all borrowers are deceased, and no borrower is 
survived by a non-borrowing spouse.
    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 are expected to be offered in regional pools, 
with one or more geographically concentrated pools designated for 
bidding by qualified non-profit or unit of local government entities 
only. Qualified non-profit or unit of local government bidders will 
also have the opportunity to bid on up to 10% of the loans in a larger 
regional pool.

The Bidding Process

    The BIP describes in detail the procedure for bidding in HVLS 2019-
1. The BIP also includes a standardized non-negotiable Conveyance, 
Assignment and Assumption Agreement for HVLS 2019-1 (CAA). 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.
    This notice provides some of the basic terms of sale. The CAA, 
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 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 HVLS 2019-1 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 reverse mortgage 
loans in a later sale. Deliveries of mortgage loans will occur in 
conjunction with settlement and servicing transfer, approximately 30 to 
45 days after the Award Date.
    The HVLS 2019-1 reverse mortgage loans were insured by and were 
assigned to HUD pursuant to section 255 of the National Housing Act, as 
amended. The sale of the reverse 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 HVLS 
2019-1, HUD has determined that this method of sale optimizes HUD's 
return on the sale of these 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 HVLS 2019-1 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 the prospective bidder, 
including but not limited to (i) the prospective bidder's board of 
directors, (ii) the prospective bidder's direct parent, (iii) the 
prospective bidder's subsidiaries, (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 (collectively the ``Related Entities''), and (v) the 
prospective bidder's repurchase lenders. The prospective bidder is 
ineligible to bid on any of the reverse mortgage loans included in HVLS 
2019-1 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 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 2 CFR 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 
any previous mortgage loan sale of HUD;
    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

[[Page 55735]]

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 10 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
    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 the prospective 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 
reverse mortgage loan or on the pool containing such reverse mortgage 
loan because it is an entity or individual that:
    (a) serviced or held such reverse mortgage loan at any time during 
the six-month 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 six-month 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 reverse mortgage loan.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding HVLS 2019-1, 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 HVLS 2019-1, 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 HVLS 2019-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: November 1, 2018.
Vance T. Morris,
Special Assistant to the Assistant Secretary for Housing--Federal 
Housing Commissioner.
[FR Doc. 2018-24395 Filed 11-6-18; 8:45 am]
 BILLING CODE 4210-67-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.