Department of Housing and Urban Development February 25, 2020 – Federal Register Recent Federal Regulation Documents

This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 700 reverse mortgage notes secured by properties with a loan balance of approximately $150 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 sixth sale offering of its type and the sale will be held on March 18, 2020.

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.