Department of Housing and Urban Development November 23, 2016 – Federal Register Recent Federal Regulation Documents

60-Day Notice of Proposed Information Collection: FHA Single Family Model Mortgage Documents
Document Number: 2016-28245
Type: Notice
Date: 2016-11-23
Agency: Department of Housing and Urban Development
HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
Notice of HUD Vacant Loan Sales (HVLS 2017-1)
Document Number: 2016-28244
Type: Notice
Date: 2016-11-23
Agency: Department of Housing and Urban Development
This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 1,700 reverse mortgage notes secured by properties with an aggregate broker price opinion of approximately $220 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 first sale offering of its type and the sale will be held on November 30, 2016.