Notice of HUD Vacant Loan Sales (HVLS 2024-2)

• Published date: 11 April 2024
• Record Number: 2024-07637
• Court: Housing And Urban Development Department

25644

Federal Register / Vol. 89, No. 71 / Thursday, April 11, 2024 / Notices

Community Community map repository address

Village of Winside ..................................................................................... Village Clerk’s Office, 424 Main Street, Winside, NE 68790.

[FR Doc. 2024–07660 Filed 4–10–24; 8:45 am]

BILLING CODE 9110–12–P

DEPARTMENT OF HOUSING AND

URBAN DEVELOPMENT

[Docket No. FR–6459–N–01]

Notice of HUD Vacant Loan Sales

(HVLS 2024–2)

AGENCY

: Office of the Assistant

Secretary for Housing—Federal Housing

Commissioner, U.S. Department of

Housing and Urban Development

(HUD).

ACTION

: Notice of sales of reverse

mortgage loans.

SUMMARY

: This notice announces HUD’s

intention to competitively offer

approximately 1,265 home equity

conversion mortgages (HECM, or reverse

mortgage loans) secured by vacant

properties with an updated loan balance

of approximately $346 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. The Secretary will

prioritize up to 50 percent of the offered

assets for award to nonprofit

organizations or governmental entity

bidders with a documented housing

mission. This notice also generally

describes the bidding process for the

sale and certain entities who are

ineligible to bid. This is the twelfth sale

offering of its type and will be held on

May 7, 2024.

DATES

: For this sale action, the Bidder’s

Information Package (BIP) will be made

available to qualified bidders on or

about April 5, 2024. Bids for the HVLS

2024–2 sale will be accepted on the Bid

Date of May 7, 2024 prior to 12:00 ET

(Bid Date). HUD anticipates that

award(s) will be made on or about May

10, 2024 (the Award Date).

ADDRESSES

: To become an eligible

bidder and receive the BIP for the

December sale, prospective bidders

must complete, execute, and submit a

Confidentiality Agreement and

Qualification Statement acceptable to

HUD. The documents will be available

in preview form with free login on the

Transaction Specialist (TS), Falcon

Capital Advisors, website: http://

www.falconassetsales.com. This website

contains information and links to

register for the sale and electronically

complete and submit documents.

If you cannot submit electronically,

please submit executed documents via

mail or facsimile to Falcon Capital

Advisors: Falcon Capital Advisors, 427

N Lee Street, Alexandria, VA 22314,

Attention: Glenn Ervin, HUD HVLS

Loan Sale Coordinator. eFax: 1–202–

393–4125.

FOR FURTHER INFORMATION CONTACT

: John

Lucey, Director, Office of Asset Sales,

Room 3136, Department of Housing and

Urban Development, 451 Seventh Street

SW, Washington, DC 20410–8000;

telephone 202–708–2625, extension

3927 (this is not a toll-free number).

HUD welcomes and is prepared to

receive calls from individuals who are

deaf or hard of hearing, as well as

individuals with speech or

communication disabilities. To learn

more about how to make an accessible

telephone call, please visit https://

www.fcc.gov/consumers/guides/

telecommunications-relay-service-trs.

SUPPLEMENTARY INFORMATION

: This

notice announces HUD’s intention to

sell in HVLS 2024–2 due and payable

Secretary-held reverse mortgage loans.

HUD is offering 1,265 reverse mortgage

notes with an updated loan balance of

approximately $346 million. 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.

In this offering, HUD also intends to

offer a reverse mortgage loan secured by

a New York single family property

(‘‘Mark House’’) in Albany County that

was listed on the National Register of

Historic Places on August 29, 2022. This

Mark House has a loan balance of

approximately $337 thousand. HUD will

accept bids from all eligible bidders

who acknowledge the historical

registration in the manner directed by

HUD.

A listing of the mortgage loans will be

included in the due diligence materials

made available to eligible bidders. The

mortgage loans will be sold without

FHA insurance and with servicing

released. HUD will offer eligible bidders

an opportunity to bid competitively on

the mortgage loans.

The Bidding Process

The BIP describes in detail the

procedure for bidding in HVLS 2024–2.

The BIP also includes the applicable

standardized non-negotiable

Conveyance, Assignment and

Assumption Agreements for HVLS

2024–2 (CAAs). The CAAs will contain

first look requirements, mission

outcome goals, and the acknowledgment

of the Mark House historical

registration.

HUD will evaluate the bids submitted

and determine the successful bids, in

terms of the best value to HUD, in its

sole and absolute discretion. If a bidder

is successful, it will be required to

submit a deposit which will be

calculated based upon the total dollar

value of the bidder’s potential award.

Award will be contingent on receiving

the deposit in the timeframe outlined in

the deposit letter. The deposit amount

will be applied towards the purchase

price at settlement.

This notice provides some of the basic

terms of sale. The CAAs will be released

in the BIP or BIP Supplement, as

applicable. These documents provide

comprehensive contractual terms and

conditions to which eligible bidders

will acknowledge and agree. To ensure

a competitive bidding process, the terms

of the bidding process and the CAAs are

not subject to negotiation.

Due Diligence Review

The BIP describes how eligible

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 a sale at any time

prior to the Award Date and the

settlement date for the mortgage loans.

HUD also reserves the right to reject any

and all bids, in whole or in part, and

include any unsold reverse mortgage

loans from the HVLS 2024–2 sale in a

later sale. Deliveries of mortgage loans

will occur in conjunction with

settlement and servicing transfer no

later than 60 days after the Award Date.

The reverse mortgage loans offered for

sale 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 HUD’s authority in section

204(g) of the National Housing Act.

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Federal Register / Vol. 89, No. 71 / Thursday, April 11, 2024 / Notices

Mortgage Loan Sale Procedure

HUD selected an open competitive

whole-loan sale as the method to sell

the reverse mortgage loans for this

specific sale transaction. For the HVLS

2024–2 sale, HUD has determined that

this method of sale optimizes HUD’s

return on the sale of these reverse

mortgage loans, affords the greatest

opportunity for all eligible bidders to

bid on the reverse mortgage loans, and

provides the quickest and most efficient

vehicle for HUD to dispose of the due

and payable reverse mortgage loans.

Bidder Ineligibility

In order to bid in HVLS 2024–2 as an

eligible bidder, a prospective bidder

must complete, execute, and submit a

Confidentiality Agreement, a

Qualification Statement (HUD–9611),

and an Addendum for Nonprofit and

Government Pools and Sub-pools

(HUD–9612), as applicable (collectively,

for these bidders, the Qualification

Statement (HUD–9611) and Addendum

for Nonprofit and Government Pools

and Sub-pools (HUD–9612), as

applicable, shall be defined as the

Qualification Statement) that is

acceptable to HUD. Eligible bidders

seeking to be awarded loans on a

priority basis must submit the

Confidentiality Agreement,

Qualification Statement (HUD–9611),

and Addendum for Nonprofit and

Government Pools and Sub-pools

(HUD–9612), and Housing Mission

Supplemental Certification (collectively,

for these bidders, the Qualification

Statement (HUD–9611) and Addendum

for Nonprofit and Government Pools

and Sub-pools (HUD–9612), and

Housing Mission Supplemental

Certification shall be defined as the

Qualification Statement), that is

acceptable to HUD. In the Qualification

Statement, the prospective bidder must

provide certain representations and

warranties regarding the prospective

bidder, including (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 2024–2 if the

prospective bidder, its Related Entities,

or its repurchase lenders, are any of the

following, unless other exceptions apply

as provided for 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

this Qualification Statement, about

mortgage loans offered in the sale;

9. 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

10. 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.

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.

In addition, for those eligible bidders

seeking to be awarded mortgage loans

on a priority basis and signing the

Housing Mission Supplemental

Certification, each prospective bidder

must provide documentation and certify

that its charitable or government

purpose has a qualifying housing

mission and that its participation in the

sale is a furtherance of that housing

mission.

Freedom of Information Act Requests

HUD reserves the right, in its sole and

absolute discretion, to disclose

information regarding HVLS 2024–2,

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

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Federal Register / Vol. 89, No. 71 / Thursday, April 11, 2024 / Notices

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 2024–2,

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 2024–2

and does not establish HUD’s policy for

the sale of other mortgage loans.

Julia R. Gordon,

Assistant Secretary for Housing—FHA

Commissioner.

[FR Doc. 2024–07637 Filed 4–10–24; 8:45 am]

BILLING CODE 4210–67–P

DEPARTMENT OF THE INTERIOR

Geological Survey

[GX24EG00COM0001; OMB Control Number

1028–0127]

Agency Information Collection

Activities; Markup Application

AGENCY

: U.S. Geological Survey,

Department of the Interior.

ACTION

: Notice of information collection;

request for comment.

SUMMARY

: In accordance with the

Paperwork Reduction Act (PRA) of

1995, the U.S. Geological Survey

(USGS) is proposing to renew an

information collection with revisions.

DATES

: Interested persons are invited to

submit comments on or before June 10,

2024.

ADDRESSES

: Send your comments on

this information collection request (ICR)

by mail to U.S. Geological Survey,

Information Collections Officer, 12201

Sunrise Valley Drive. MS 159, Reston,

VA 20192; or by email to gs-info_

collections@usgs.gov. Please reference

OMB Control Number 1028–0127 in the

subject line of your comments.

FOR FURTHER INFORMATION CONTACT

: To

request additional information about

this Information Collection Request

(ICR), contact Gregory Cocks by email at

gjcocks@usgs.gov, or by telephone at

303–202–4146.

Individuals in the United States who

are deaf, deafblind, hard of hearing, or

have a speech disability may dial 711

(TTY, TDD, or TeleBraille) to access

telecommunications relay services.

Individuals outside the United States

should use the relay services offered

within their country to make

international calls to the point-of-

contact in the United States.

SUPPLEMENTARY INFORMATION

: In

accordance with the PRA of 1995 (44

U.S.C. 3501 et seq.) and 5 CFR

1320.8(d)(1), we invite the public and

other Federal agencies to comment on

new, proposed, revised, and continuing

collections of information. This helps us

assess the impact of our information

collection requirements and minimize

the public’s reporting burden. It also

helps the public understand our

information collection requirements and

provide the requested data in the

desired format.

As part of our continuing effort to

reduce paperwork and respondent

burdens, we are again soliciting

comments from the public and other

Federal agencies on the proposed ICR

that is described below. We are

especially interested in public comment

addressing the following:

(1) Whether or not the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether or not the

information will have practical utility;

(2) The accuracy of our estimate of the

burden for this collection of

information, including the validity of

the methodology and assumptions used;

(3) Ways to enhance the quality,

utility, and clarity of the information to

be collected; and

(4) How the agency might minimize

the burden of the collection of

information on those who are to

respond, including through the use of

appropriate automated, electronic,

mechanical, or other technological

collection techniques or other forms of

information technology, e.g., permitting

electronic submission of response.

Comments that you submit in

response to this notice are a matter of

public record. We will include or

summarize each comment in our request

to OMB to approve this ICR. Before

including your address, phone number,

email address, or other personally

identifying information (PII) in your

comment, you should be aware that

your entire comment—including your

PII—may be made publicly available at

any time. While you can ask us in your

comment to withhold your personal

identifying information from public

review, we cannot guarantee that we

will be able to do so.

Abstract: Markup Application is the

name of the USGS National Geospatial

Technical Operations Center project that

allows citizen participation in volunteer

map data collection activities for

hydrography datasets.

Proposed Revision

For this ICR revision, the USGS will

no longer be collecting data for the

following: National Hydrography

Dataset (NHD), Watershed Boundary

Dataset (WBD), and National

Hydrography Dataset Plus High

Resolution (NHDPlus HR). We will

transition to the 3D Hydrography

Program (3DHP).

The USGS manages the 3DHP. The

USGS also offers technical support and

distributes authoritative hydrography

data to the public as part of The

National Map.

Markup Application allows citizens to

submit proposed changes and

corrections, called ‘‘suggested edits,’’ to

the 3DHP. All submitted suggested

edits, along with the user email contact,

are saved in a dataset to be reviewed by

USGS staff, or trusted stakeholders, for

allowable edits and for validation.

USGS staff or trusted stakeholders may

contact the user submitting the

suggested edit(s) via the recorded email

address if further clarification is needed.

Validated suggested edits go in a queue

of edits to be incorporated into the

3DHP. The edits are made by USGS

editors using internal editing tools/

methods. No edits to the hydrography

datasets take place within the Markup

Application.

Title of Collection: Markup

Application.

OMB Control Number: 1028–0127.

Form Number: None.

Type of Review: Revision of a

currently approved collection.

Respondents/Affected Public:

Individuals/households.

Total Estimated Number of Annual

Respondents: 113.

Total Estimated Number of Annual

Responses: 1,936.

Estimated Completion Time per

Response: Between 3 and 18 minutes

depending on activity.

Total Estimated Number of Annual

Burden Hours: Between 96 and 580

hours depending on activity.

Respondent’s Obligation: Voluntary.

Frequency of Collection: Occasional.

Total Estimated Annual Nonhour

Burden Cost: None.

An agency may not conduct or

sponsor, nor is a person required to

respond to a collection of information

unless it displays a currently valid OMB

control number.

The authority for this action is the

Paperwork Reduction Act of 1995 (44

U.S.C. 3501 et seq.).

Kimberly Mantey,

Director, National Geospatial Technical

Operations Center, U.S. Geological Survey.

[FR Doc. 2024–07667 Filed 4–10–24; 8:45 am]

BILLING CODE 4338–11–P

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