[Federal Register Volume 59, Number 129 (Thursday, July 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16435]


[[Page Unknown]]

[Federal Register: July 7, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. D-94-1066; FR-3743-D-01]

 

Redelegation of Authority

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice of redelegation of authority.

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SUMMARY: This redelegation of authority redelegates from the Assistant 
Secretary for Housing--Federal Housing Commissioner to the Director, 
Office of Mortgage Insurance Accounting and Servicing, Office of the 
FHA-Comptroller, and to each Debt Management Center (``DMC'') Director 
of the HUD FHA-Debt Management Centers in Albany, New York, Chicago, 
Illinois, and Seattle, Washington the power and authority to perform 
the following functions, without respect to geographical area, in 
connection with FHA debt referred to the DMC for collection and debt 
arising from the payment of claims under Title I of the National 
Housing Act: 1) execute documents necessary to transfer or subordinate 
title in and to any debt, contract, claim or security instrument 
obtained by the Secretary; 2) satisfy and/or execute deeds, liens, and 
notes; and 3) execute settlement agreements and/or write-offs in 
connection with the collection of any such debt, contract, claim, or 
security instrument. The Director of the Title I Accounting and 
Servicing Division, Office of Mortgage Insurance Accounting and 
Servicing, Office of the FHA-Comptroller is also redelegated the 
authority to issue implementing policies and procedures with respect to 
all functions specified in this redelegation.

EFFECTIVE DATE: June 21, 1994.

FOR FURTHER INFORMATION CONTACT:
Paulette Porche, Director, Title I Accounting and Servicing Division, 
Department of Housing and Urban Development, 451 7th Street SW., Room 
B-133, Washington, DC 20410, (202) 755-7550. (This is not a toll-free 
number.)

SUPPLEMENTARY INFORMATION: On October 25, 1991, at 48 FR 40959, the 
Assistant Secretary for Housing--Federal Housing Commissioner 
redelegated to the Director, Office of Mortgage Insurance Accounting 
and Servicing, Office of the FHA-Comptroller, and to each Debt 
Management Center (``DMC'') Director of the HUD Debt Management Centers 
in Albany, New York, Chicago, Illinois, and Seattle, Washington the 
power and authority to execute documents necessary to transfer title in 
and to any debt and contract, claim or security instrument obtained by 
the Secretary in connection with the payment of claims under Title I of 
the National Housing Act and to execute settlement agreements in 
connection with the collection of any such debt, contract, claim, or 
security instrument.
    In FY 1987 HUD began consolidating the Title I program by 
establishing the first of three multi-regional Debt Management Center 
(``DMC's'') in Seattle, Washington. The purpose of the DMC was to 
collect debts owed to the Department which result from defaulted Title 
I loans assigned to the Department. The consolidation effort was 
completed in FY 1989 with the opening of the Chicago, Illinois center. 
The three DMC's are located in Albany, New York, Chicago, Illinois, and 
Seattle, Washington. The role of the Debt Management Centers has 
expanded to include collection and management responsibility for not 
only Title I, but other FHA debt that has been referred to the DMCs for 
collection.
    This redelegation of authority grants to the Director, Office of 
Mortgage Insurance Accounting and Servicing, Office of the FHA-
Comptroller, and to each of the three DMC Directors the power and 
authority to perform the following functions, without regard to 
geographical area, in connection with FHA debt referred to the DMC for 
collection and debt arising from the payment of claims under Title I of 
the National Housing Act: 1) execute documents necessary to transfer or 
subordinate title in and to any debt, contract, claim or security 
instrument obtained by the Secretary; 2) satisfy and/or execute deeds, 
liens, and notes; and 3) execute settlement agreements and/or write-off 
in connection with the collection of any such debt, contract, claim, or 
security instrument. The Director of the Title I Accounting and 
Servicing Division, Office of Mortgage Insurance Accounting and 
Servicing is also redelegated the authority to issue implementing 
policies and procedures with respect to all functions specified in this 
redelegation. This redelegation does not in any way include the power 
and authority to transfer title to real property, except as it relates 
to the collection and settlement of Title I and referred FHA debt.
    Accordingly, the Assistant Secretary for Housing--Federal Housing 
Commissioner redelegates the following authority:

Section A. Redelegation of Authority

    The Assistant Secretary for Housing--Federal Housing Commissioner 
redelegates to the Director of the Office of Mortgage Insurance 
Accounting and Servicing, Office of the FHA-Comptroller, and to the 
Director of the HUD FHA-Debt Management Centers in Albany, New York, 
Chicago, Illinois, and Seattle, Washington the power and authority to 
perform the following functions, without regard to geographical area, 
in connection with FHA debt referred to the DMC for collection and debt 
arising from the payment of claims under Title I of the National 
Housing Act: 1) execute documents necessary to transfer or subordinate 
title in and to any debt, contract, claim or security instrument 
obtained by the Secretary; 2) satisfy and/or execute deeds, liens, and 
notes; and 3) execute settlement agreements and/or write-off in 
connection with the collection of any such debt, contract, claim, or 
security instrument. The authority to issue policies and procedures 
with respect to the above-stated functions is hereby redelegated to the 
Director of the Title I Accounting and Servicing Division, Office of 
Mortgage Insurance Accounting and Servicing, Office of the FHA-
Comptroller.

Section B. No Further Redelegation

    The authority redelegated under Section A may not be further 
redelegated.

Section C. Redelegation of Authority Superseded

    The redelegation of authority published on October 25, 1991, at 48 
FR 40959, is hereby superseded in its entirety.

    Authority: Section 2(c)(2) of the National Housing Act, 12 
U.S.C. 1703(c)(2); Section 7(d) of the Department of Housing and 
Urban Development Act, 42 U.S.C. 3535(d).

    Dated: June 21, 1994.
Nicholas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 94-16435 Filed 7-6-94; 8:45 am]
BILLING CODE 4210-27-M