Credit Watch Termination Initiative Termination of Direct Endorsement (DE) Approval, 33961-33962 [2019-15072]
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Federal Register / Vol. 84, No. 136 / Tuesday, July 16, 2019 / Notices
jspears on DSK30JT082PROD with NOTICES
SW, Room 4176, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov for a copy of
the proposed forms or other available
information. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339.
FOR FURTHER INFORMATION CONTACT:
Terri Ames, Housing Program
Specialist, Office of Policy and Grants
Administration: Office of Housing
Counseling, Department of Housing and
Urban Development, 451 7th Street SW,
Washington, DC 20410; email
Terri.ames@hud.gov, 202–402–3025.
This is not a toll-free number. Persons
with hearing or speech impairments
may access this number through TTY by
calling the toll-free Federal Relay
Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
A. Overview of Information Collection
Title of Information Collection:
Housing Counseling Program.
OMB Approval Number: 2502–0261.
Type of Request: Revision of a
currently approved collection.
Form Number: HUD 9902, HUD 9906,
SF–424, HUD–424CB, SF–425, SF–LLL,
HUD 2880.
Description of the need for the
information and proposed use: This
information is collected in connection
with HUD’s Housing Counseling
Program and will be used by HUD to
determine that the Housing Counseling
grant applicant meets the requirements
of the Notice of Funding Availability
(NOFA). Information collected is also
used to assign points for awarding grant
funds on a competitive and equitable
basis. HUD’s Office of Housing
counseling will also use the information
to provide housing counseling services
through private or public organizations
with special competence and knowledge
in counseling low and moderate-income
families. The information is collected
from housing counseling agencies that
participate in the HUD Housing
Counseling Program. The information is
collected via the HUD 9902 (grant
activity report) and the form 9906 (grant
application chart).
Respondents (i.e. affected public):
Not-for-profit institutions.
Estimated Number of Respondents:
3,375.
VerDate Sep<11>2014
17:33 Jul 15, 2019
Jkt 247001
Estimated Number of Responses:
9,900.
Frequency of Response: Quarterly.
Average Hours per Response: 49.7.
Total Estimated Burden: 20,224
hours.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond; including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Dated: March 25, 2019.
Vance T. Morris,
Special Assistant to the Assistant Secretary
for Housing—Federal Housing Commissioner.
[FR Doc. 2019–15071 Filed 7–15–19; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[FR–6171–N–01]
Credit Watch Termination Initiative
Termination of Direct Endorsement
(DE) Approval
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, Department of Housing
and Urban Development (HUD).
ACTION: Notice.
AGENCY:
This notice advises of the
cause and effect of termination of Direct
Endorsement (DE) approval taken by
HUD’s Federal Housing Administration
(FHA) against HUD-approved
mortgagees through the FHA Credit
Watch Termination Initiative. This
SUMMARY:
PO 00000
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Fmt 4703
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33961
notice includes a list of mortgagees that
have had their DE Approval terminated.
FOR FURTHER INFORMATION CONTACT:
Quality Assurance Division, Office of
Housing, Department of Housing and
Urban Development, 451 Seventh Street
SW, Room B133–P3214, Washington,
DC 20410–8000; telephone (202) 708–
5997 (this is not a toll-free number).
Persons with hearing or speech
impairments may access that number
through TTY by calling the Federal
Relay at (800) 877–8339 (this is a tollfree number).
SUPPLEMENTARY INFORMATION: HUD has
the authority to address deficiencies in
the performance of lenders’ loans as
provided in HUD’s mortgagee approval
regulations at 24 CFR 202.3. On May 17,
1999, HUD published a notice (64 FR
26769) on its procedures for terminating
Origination Approval Agreements with
FHA lenders and placement of FHA
lenders on Credit Watch status (an
evaluation period). In the notice, HUD
advised that it would publish in the
Federal Register a list of mortgagees
that have had their Approval
Agreements terminated. HUD Handbook
4000.1 section V.E.3.a.iii outlines
current procedures for terminating
Underwriting Authority of Direct
Endorsement mortgagees.
Termination of Direct Endorsement
Approval: HUD approval of a DE
mortgagee authorizes the mortgagee to
underwrite single family mortgage loans
and submit them to FHA for insurance
endorsement. The approval may be
terminated on the basis of poor
performance of FHA-insured mortgage
loans underwritten by the mortgagee.
The termination of a mortgagee’s DE
Approval is separate and apart from any
action taken by HUD’s Mortgagee
Review Board under HUD regulations at
24 CFR part 25.
Cause: HUD regulations permit HUD
to terminate the DE Approval of any
mortgagee having a default and claim
rate for loans endorsed within the
preceding 24 months that exceeds 200
percent of the default and claim rate
within the geographic area served by a
HUD field office, and that exceeds the
national default and claim rate.
Effect: Termination of DE Approval
precludes the mortgagee from
underwriting FHA-insured single-family
mortgages within the HUD field office
jurisdiction(s) listed in this notice.
Mortgagees authorized to hold or service
FHA-insured mortgages may continue to
do so.
Loans that closed or were approved
before the termination became effective
may be submitted for insurance
endorsement. Approved loans are those
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16JYN1
33962
Federal Register / Vol. 84, No. 136 / Tuesday, July 16, 2019 / Notices
already underwritten and approved by a
DE underwriter and cases covered by a
firm commitment issued by HUD. Cases
at earlier stages of processing cannot be
submitted for insurance by the
terminated mortgagee; however, the
cases may be transferred for completion
of processing and underwriting to
another mortgagee with DE Approval in
that geographic area. Mortgagees must
continue to pay existing insurance
premiums and meet all other obligations
associated with insured mortgages.
A terminated mortgagee may apply for
reinstatement if their DE Approval in
the affected area or areas has been
terminated for at least six months and
the mortgagee continues to be an
Accountant (CPA) qualified to perform
audits under Government Auditing
Standards as provided by the
Government Accountability Office. The
mortgagee must also submit a written
corrective action plan to address each of
the issues identified in the CPA’s report,
along with evidence that the plan has
been implemented. The application for
reinstatement must be submitted
through the Lender Electronic
Assessment Portal (LEAP). The
application must be accompanied by the
CPA’s report and the corrective action
plan.
Action: The following mortgagees
have had their DE Approval terminated
by HUD:
Mortgagee name
Mortgagee home office address
HUD office
jurisdiction
CityWorth Mortgage LLC ...
11781 Lee Jackson Memorial Highway, Fairfax, VA
22033.
11781 Lee Jackson Memorial Highway, Fairfax, VA
22033.
Richmond ...............
4/29/19
Philadelphia.
Baltimore ................
4/29/19
Philadelphia.
CityWorth Mortgage LLC ...
Dated: July 1, 2019.
John L. Garvin,
General Deputy, Assistant Secretary for
Housing.
[FR Doc. 2019–15072 Filed 7–15–19; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
[FWS–R4–ES–2018–N125;
FXES11130400000C2–189–FF04E00000]
Endangered and Threatened Wildlife
and Plants; Draft Recovery Plan for
Short’s Bladderpod
Fish and Wildlife Service,
Interior.
ACTION: Notice of availability and
request for public comment.
AGENCY:
We, the U.S. Fish and
Wildlife Service (Service), announce the
availability of the draft recovery plan for
the endangered Short’s bladderpod. The
draft recovery plan includes specific
recovery objectives and criteria that
must be met in order for us to recover
and ultimately delist the species under
the Endangered Species Act of 1973, as
amended. We request review and
comment on this draft recovery plan
from local, State, and Federal agencies
and the public.
DATES: In order to be considered,
comments on the draft recovery plan
must be received on or before
September 16, 2019.
ADDRESSES:
SUMMARY:
jspears on DSK30JT082PROD with NOTICES
approved mortgagee meeting the
requirements of 24 CFR 202.5, 202.6,
202.7, 202.10 and 202.12. The
mortgagee’s application for
reinstatement must be in a format
prescribed by the Secretary and signed
by the mortgagee. In addition, the
application must be accompanied by an
independent analysis of the terminated
office’s operations as well as its
mortgage production, specifically
including the FHA-insured mortgages
cited in its termination notice. This
independent analysis shall identify the
underlying cause for the mortgagee’s
high default and claim rate. The
analysis must be prepared by an
independent Certified Public
VerDate Sep<11>2014
17:33 Jul 15, 2019
Jkt 247001
Reviewing documents: If you wish to
review this draft recovery plan, you may
obtain a copy by contacting Geoff Call,
U.S. Fish and Wildlife Service,
Tennessee Ecological Services Field
Office, 446 Neal Street, Cookeville,
Tennessee 38506, tel. 931–525–4983; or
by visiting the Service’s Tennessee Field
Office website at https://www.fws.gov/
cookeville.
Submitting comments: If you wish to
comment, you may submit your
comments by one of the following
methods:
1. You may submit written comments
and materials to us, at the above
address.
2. You may hand-deliver written
comments to our Tennessee Field
Office, at the above address, or fax them
to 931–528–7075.
3. You may send comments by email
to geoff_call@fws.gov. Please include
‘‘Short’s bladderpod Draft Recovery
Plan Comments’’ on the subject line.
For additional information about
submitting comments, see Request for
Public Comments below.
FOR FURTHER INFORMATION CONTACT:
Geoff Call (see ADDRESSES).
SUPPLEMENTARY INFORMATION:
Background
Short’s bladderpod (Physaria globosa)
is an upright biennial or perennial plant
with several stems, some branched at
the base, reaching heights up to 50
centimeters (cm) (20 inches (in.)). The
species is restricted to 31 extant
occurrences distributed among 4
sections of the Interior Low Plateaus
PO 00000
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Termination
effective date
Homeownership
center
physiographic province: 1 in the
Shawnee Hills section (Indiana), 11
occurrences in the Bluegrass
(Kentucky), 14 in the Highland Rim, and
5 in the Nashville Basin (both
Tennessee). Short’s bladderpod
typically grows on steep, rocky, wooded
slopes and talus (sloping mass of rock
fragments below a bluff or ledge) areas.
It also occurs along tops, bases, and
ledges of bluffs and infrequently on sites
with little topographic relief. The
species usually is found in these
habitats on south- to west-facing slopes
near rivers or streams. Most populations
are closely associated with calcareous
outcrops.
The Endangered Species Act (16
U.S.C. 1531 et seq.) states that a species
may be listed as endangered or
threatened based on one or more of five
factors. The greatest threat to Short’s
bladderpod is loss or degradation of
habitat (Listing Factor A). The main
causes of habitat degradation or loss
include future construction and ongoing
maintenance of transportation and
utility rights-of way; prolonged
inundation and soil erosion due to
flooding and water level manipulation;
overstory shading due to forest
succession; and competition from
invasive plant species. Additionally, the
species’ resilience to these threats and
environmental variation is diminished
due to the small sizes of many
populations (Factor E). We determined
that other existing regulatory
mechanisms were inadequate to reduce
these threats (Listing Factor D). As a
result of these threats, Short’s
E:\FR\FM\16JYN1.SGM
16JYN1
]]>Agencies
[Federal Register Volume 84, Number 136 (Tuesday, July 16, 2019)]
[Notices]
[Pages 33961-33962]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15072]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[FR-6171-N-01]
Credit Watch Termination Initiative Termination of Direct
Endorsement (DE) Approval
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, Department of Housing and Urban Development (HUD).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice advises of the cause and effect of termination of
Direct Endorsement (DE) approval taken by HUD's Federal Housing
Administration (FHA) against HUD-approved mortgagees through the FHA
Credit Watch Termination Initiative. This notice includes a list of
mortgagees that have had their DE Approval terminated.
FOR FURTHER INFORMATION CONTACT: Quality Assurance Division, Office of
Housing, Department of Housing and Urban Development, 451 Seventh
Street SW, Room B133-P3214, Washington, DC 20410-8000; telephone (202)
708-5997 (this is not a toll-free number). Persons with hearing or
speech impairments may access that number through TTY by calling the
Federal Relay at (800) 877-8339 (this is a toll-free number).
SUPPLEMENTARY INFORMATION: HUD has the authority to address
deficiencies in the performance of lenders' loans as provided in HUD's
mortgagee approval regulations at 24 CFR 202.3. On May 17, 1999, HUD
published a notice (64 FR 26769) on its procedures for terminating
Origination Approval Agreements with FHA lenders and placement of FHA
lenders on Credit Watch status (an evaluation period). In the notice,
HUD advised that it would publish in the Federal Register a list of
mortgagees that have had their Approval Agreements terminated. HUD
Handbook 4000.1 section V.E.3.a.iii outlines current procedures for
terminating Underwriting Authority of Direct Endorsement mortgagees.
Termination of Direct Endorsement Approval: HUD approval of a DE
mortgagee authorizes the mortgagee to underwrite single family mortgage
loans and submit them to FHA for insurance endorsement. The approval
may be terminated on the basis of poor performance of FHA-insured
mortgage loans underwritten by the mortgagee. The termination of a
mortgagee's DE Approval is separate and apart from any action taken by
HUD's Mortgagee Review Board under HUD regulations at 24 CFR part 25.
Cause: HUD regulations permit HUD to terminate the DE Approval of
any mortgagee having a default and claim rate for loans endorsed within
the preceding 24 months that exceeds 200 percent of the default and
claim rate within the geographic area served by a HUD field office, and
that exceeds the national default and claim rate.
Effect: Termination of DE Approval precludes the mortgagee from
underwriting FHA-insured single-family mortgages within the HUD field
office jurisdiction(s) listed in this notice. Mortgagees authorized to
hold or service FHA-insured mortgages may continue to do so.
Loans that closed or were approved before the termination became
effective may be submitted for insurance endorsement. Approved loans
are those
[[Page 33962]]
already underwritten and approved by a DE underwriter and cases covered
by a firm commitment issued by HUD. Cases at earlier stages of
processing cannot be submitted for insurance by the terminated
mortgagee; however, the cases may be transferred for completion of
processing and underwriting to another mortgagee with DE Approval in
that geographic area. Mortgagees must continue to pay existing
insurance premiums and meet all other obligations associated with
insured mortgages.
A terminated mortgagee may apply for reinstatement if their DE
Approval in the affected area or areas has been terminated for at least
six months and the mortgagee continues to be an approved mortgagee
meeting the requirements of 24 CFR 202.5, 202.6, 202.7, 202.10 and
202.12. The mortgagee's application for reinstatement must be in a
format prescribed by the Secretary and signed by the mortgagee. In
addition, the application must be accompanied by an independent
analysis of the terminated office's operations as well as its mortgage
production, specifically including the FHA-insured mortgages cited in
its termination notice. This independent analysis shall identify the
underlying cause for the mortgagee's high default and claim rate. The
analysis must be prepared by an independent Certified Public Accountant
(CPA) qualified to perform audits under Government Auditing Standards
as provided by the Government Accountability Office. The mortgagee must
also submit a written corrective action plan to address each of the
issues identified in the CPA's report, along with evidence that the
plan has been implemented. The application for reinstatement must be
submitted through the Lender Electronic Assessment Portal (LEAP). The
application must be accompanied by the CPA's report and the corrective
action plan.
Action: The following mortgagees have had their DE Approval
terminated by HUD:
----------------------------------------------------------------------------------------------------------------
Mortgagee home Termination
Mortgagee name office address HUD office jurisdiction effective date Homeownership center
----------------------------------------------------------------------------------------------------------------
CityWorth Mortgage LLC....... 11781 Lee Richmond................ 4/29/19 Philadelphia.
Jackson
Memorial
Highway,
Fairfax, VA
22033.
CityWorth Mortgage LLC....... 11781 Lee Baltimore............... 4/29/19 Philadelphia.
Jackson
Memorial
Highway,
Fairfax, VA
22033.
----------------------------------------------------------------------------------------------------------------
Dated: July 1, 2019.
John L. Garvin,
General Deputy, Assistant Secretary for Housing.
[FR Doc. 2019-15072 Filed 7-15-19; 8:45 am]
BILLING CODE 4210-67-P
