64454 Federal Register / Vol. 65, No. 209 / Friday, October 27, 2000 / Notices

Naval Air Station

Whiting Field

Milton Co: Santa Rosa FL 32570–

Location: 130–132, 134–136

Landholding Agency: Navy

Property Number: 77200040013

Status: Underutilized

Reasons: Within airport runway clear zone;

Secured Area.

Bldgs. 159, 167, 172

Naval Air Station

Whiting Field

Milton Co: Santa Rosa FL 32570–

Landholding Agency: Navy

Property Number: 77200040014

Status: Underutilized

Reasons: Within airport runway clear zone;

Secured Area.

5 Bldgs.

Naval Air Station

Whiting Field

Milton Co: Santa Rosa FL 32570–

Location: 124, 127, 138–140

Landholding Agency: Navy

Property Number: 77200040015

Status: Underutilized

Reasons: Within airport runway clear zone;

Secured Area.

5 Bldgs.

Naval Air Station

Whiting Field

Milton Co: Santa Rosa FL 32570–

Location: 107, 109, 111, 120, 123

Landholding Agency: Navy

Property Number: 77200040016

Status: Underutilized

Reasons: Within airport runway clear zone;

Secured Area.

5 Bldgs.

Naval Air Station

Whiting Field

Milton Co: Santa Rosa FL 32570–

Location: 102, 104, 106, 108, 110

Landholding Agency: Navy

Property Number: 77200040017

Status: Underutilized

Reasons: Within airport runway clear zone;

Secured Area.

Bldg. 36

Naval Station

Mayport Co: Duval FL 32228–

Landholding Agency: Navy

Property Number: 77200040021

Status: Unutilized

Reason: Extensive deterioration.

Bldg. 348

Naval Station

Mayport Co: Duval FL 32228–

Landholding Agency: Navy

Property Number: 77200040022

Status: Unutilized

Reason: Extensive deterioration.

Michigan

Stroh Army Reserve Center

17825 Sherwood Ave.

Detroit Co: Wayne MI 0000–

Landholding Agency: GSA

Property Number: 54200040001

Status: Surplus

Reason: Within 2000 ft. of flammable or

explosive material; GSA Number: 1–D–MI–

798.

Virginia

Bldg. 2185

Marine Corps Base

Quantico Co: VA 00000–

Landholding Agency: Navy

Property Number: 77200040018

Status: Excess

Reason: Extensive deterioration.

Washington

Fire Barn/Rigger & Loft

Grand Coulee Dam

Grand Coulee Co: Grant WA 99133–

Landholding Agency: Interior

Property Number: 61200040001

Status: Unutilized

Reason: Extensive deterioration.

Bldg. 482

Puget Sound Naval Shipyard

Bremerton Co: WA 98314–5000

Landholding Agency: Navy

Property Number: 77200040019

Status: Excess

Reason: Secured Area.

Bldg. 529

Puget Sound Naval Shipyard

Bremerton Co: WA 98314–5000

Landholding Agency: Navy

Property Number: 77200040020

Status: Excess

Reason: Secured Area.

Land (by State)

District of Columbia

Square 62

2216 C St., NW

Washington Co: DC 20037–

Landholding Agency: GSA

Property Number: 54200040004

Status: Excess

Reason: contamination; GSA Number: 4–G–

DC–0478.

[FR Doc. 00–27471 Filed 10–26–00; 8:45 am]

BILLING CODE 4210–29–M

DEPARTMENT OF HOUSING AND

URBAN DEVELOPMENT

[Docket No. FR–4513–N–05]

Credit Watch Termination Initiative

AGENCY: Office of Assistant Secretary for

Housing-Federal Housing

Commissioner, HUD.

ACTION: Notice.

SUMMARY: This notice advises of the

cause and effect of termination of

Origination Approval Agreements taken

by HUD’s Federal Housing

Administration against HUD-approved

mortgagees through its Credit Watch

Termination Initiative. This notice

includes a list of mortgagees which have

had their Origination Approval

Agreements (Agreements) terminated.

FOR FURTHER INFORMATION CONTACT: The

Quality Assurance Division, Office of

Housing, Department of Housing and

Urban Development, 451 Seventh St.

SW, Room B133–P3214, Washington,

DC 20410; telephone (202) 708–2830

(This is not a toll free number). Persons

with hearing or speech impairments

may access that number via TTY by

calling the Federal Information Relay

Service at (800) 877–8339.

SUPPLEMENTARY INFORMATION: HUD has

the authority to address deficiencies in

the performance of lenders’ loans as

provided in the HUD mortgagee

approval regulations at 24 CFR 202.3.

On May 17, 1999 (64 FR 26769), HUD

published a notice 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 May 17, 1999 notice, HUD advised

that it would publish in the Federal

Register a list of mortgagees which have

had their Origination Approval

Agreements terminated.

Termination of Origination Approval

Agreement

Approval of a mortgagee by HUD/

FHA to participate in FHA mortgage

insurance programs includes an

Agreement between HUD and the

mortgagee. Under the Agreement, the

mortgagee is authorized to originate

single family mortgage loans and submit

them to FHA for insurance

endorsement. The Agreement may be

terminated on the basis of poor

performance of FHA-insured mortgage

loans originated by the mortgagee. The

Termination of a mortgagee’s Agreement

is separate and apart from any action

taken by HUD’s Mortgagee Review

Board under HUD’s regulations at 24

CFR part 25.

Cause

HUD’s regulations permit HUD to

terminate the Agreement with 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 also exceeds the

national default and claim rate. For the

fourth review period, HUD is only

terminating the Agreement of

mortgagees whose default and claim rate

exceeds both the national rate and 300

percent of the field office rate.

Effect

Termination of the Agreement

precludes that branch(s) of the

mortgagee from originating FHA-insured

single family mortgages within the area

of the HUD field office(s) listed in this

notice. Mortgagees authorized to

purchase, 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

Federal Register / Vol. 65, No. 209 / Friday, October 27, 2000 / Notices 64455

endorsement. Approved loans are (1)

those already underwritten and

approved by a Direct Endorsement (DE)

underwriter employed by an

unconditionally approved DE lender

and (2) cases covered by a firm

commitment issued by HUD. Cases at

earlier stages of processing cannot be

submitted for insurance by the

terminated branch; however, they may

be transferred for completion of

processing and underwriting to another

mortgagee or branch authorized to

originate FHA insured mortgages in that

area. Mortgagees are obligated to

continue to pay existing insurance

premiums and meet all other obligations

associated with insured mortgages.

A terminated mortgagee may apply for

a new Origination Approval Agreement

if the mortgagee continues to be an

approved mortgagee meeting the

requirements of 24 CFR 202.5, 202.6,

202.7, 202.8 or 202.10 and 202.12, if

there has been no Origination Approval

Agreement for at least six months, and

if the Secretary determines that the

underlying causes for termination have

been remedied. To enable the Secretary

to ascertain whether the underlying

causes for termination have been

remedied, a mortgagee applying for a

new Origination Approval Agreement

must obtain an independent review 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 review must be conducted and

issued by an independent Certified

Public Accountant (CPA) qualified to

perform audits under Government

Auditing Standards as set forth by the

General Accounting 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

a new Agreement should be in the form

of a letter, accompanied by the CPA’s

report and corrective action plan. The

request should be sent to the Director,

Office of Lender Activities and Program

Compliance, 451 Seventh Street, S.W.,

Room B133–P3214, Washington, DC

20410 or by courier to 490 L’Enfant

Plaza, East, S.W., Suite 3214,

Washington, DC 20024.

Action: The following mortgagees

have had their Agreements terminated

by HUD:

Mortgagee name Mortgagee branch address HUD office

jurisdictions

Termination

effective date

Home ownership

centers

Adana Mortgage Bankers .............. 400 Perimeter Ctr Ter, Ste 170, Atlanta, GA

30346.

Atlanta, GA ................ 08/03/2000 Atlanta.

Florida Capital Mortgage Company 228 A Palm Coast Pkwy NE, Palm Coast, FL

32137.

Orlando, FL ................ 06/04/2000 Atlanta.

Irwin Mortgage Corporation ........... 808 Moorefield Park Dr, Ste 113, Richmond,

VA 23236.

Richmond, VA ............ 08/03/2000 Philadelphia.

Kingsway Mortgage Corporation ... 1104 Wescove Place, Ste B, West Covina,

CA 92790.

Los Angeles, CA ........ 06/04/2000 Santa Ana.

Kingsway Mortgage Corporation ... 1104 Wescove Place, Ste B, West Covina,

CA 92790.

Santa Ana, CA ........... 06/04/2000 Santa Ana.

Mortgage One Corporation ............ 16377 Main St, Ste C, Hesperia, CA 92345 Santa Ana, CA ........... 08/03/2000 Santa Ana.

National Charter Mortgage ............ 1515 W. 190th Street, Ste 150, Gardena, CA

90248.

Los Angeles, CA ........ 06/04/2000 Santa Ana.

Southeast Mortgage Bankers ........ 3931 Tweedy Blvd, South Gate, CA 90280 .. Los Angeles, CA ........ 08/03/2000 Santa Ana.

Specialized Financial Services ...... 1909 Central, Ste 200, Bedford, TX 76021 ... Fort Worth, TX ........... 08/03/2000 Denver.

Sunshine Mortgage Services ......... 2002 Southside Blvd, Ste 100, Jacksonville,

FL 32216.

Jacksonville, FL ......... 08/14/2000 Atlanta.

TWG Investments Incorporated ..... 11760 Central Ave, Ste 205, Chino, CA

91710.

Santa Ana, CA ........... 08/07/2000 Santa Ana.

Volunteer Trust Mortgage Corporation.801 West 7th Street, Columbia, TN 38401 ... Nashville, TN ............. 06/04/2000 Atlanta.

Dated: October 17, 2000.

William C. Apgar,

Assistant Secretary for Housing, Federal

Housing Commissioner.

[FR Doc. 00–27607 Filed 10–26–00; 8:45 am]

BILLING CODE 4210–27–P

DEPARTMENT OF THE INTERIOR

Fish and Wildlife Service

Issuance of National Gas Pipeline

Permit

AGENCY: Fish and Wildlife Service,

Department of the Interior.

ACTION: Notice.

SUMMARY: Notice is hereby given as

required under Section 28 of the

Mineral Leasing Act of 1920 (41 Stat.

449; 30 U.S.C. 185) as amended by

Public Law 93–153, that Gulf Liquids

New River Project L.L.C., Gonzalez,

Louisiana, has applied for a right-of-way

for a 10-inch pipeline crossing a portion

of the Bayou Savauge National Wildlife

Refuge, in Orleans Parish, Louisiana.

This notice advises the public that the

Fish and Wildlife Service plans to issue

a permit to Gulf Liquids New River

Project L.L.C., for 30-foot-wide right-ofway for the construction, operation and

maintenance of 10-inch natural gas

pipeline crossing under a portion of the

Bayou Savauge National Wildlife

Refuge. Right-of-way will cross a corner

of the refuge for a distance of

approximately 136 feet and will be

adjacent to existing sewer and waterline

rights-of-way. Approximately 8,000

square feet of refuge surface will be used

temporarily for construction purposes.

Wetland restoration measures are

stipulated and costs will be borne by

applicant.

EFFECTIVE DATE: Interested persons

desiring to comment on this application

should do so on or before November 27,

2000.

ADDRESSES: If you wish to comment,

you may submit your comments by any

one of several methods. You may mail

comments to Regional Director, U.S.

Fish and Wildlife Service, 1875 Century

Boulevard, Atlanta, Georgia 30345. You

may also comment via the Internet to

Sam_Hamilton@fws.gov. Please submit

Internet comments as an ASCHII file.

Include ‘‘Attn: Harry Flaaten’’ and your

name and home address in your

message. You may also hand-deliver

your comments to the Regional Director