HOPE for Homeowners Program: Access to Information Rule

Content

ACTION:

Interim rule with request for public comment.

SUMMARY:

The Board is adopting and requesting public comment on regulations regarding access to records of the Board under the Freedom
of Information Act (FOIA). The Board was statutorily established to oversee the HOPE for Homeowners Program (Program).

DATES:

The interim rule is effective on February 20, 2009 Comments on the rule should be received by April 21, 2009.

ADDRESSES:

Interested persons are invited to submit comments regarding this interim rule to the Regulations Division, Office of General
Counsel, Department of Housing and Urban Development, 451 7th Street, SW., Room 10276, Washington, DC 20410-0500.

Communications must refer to the above docket number and title. There are two methods for submitting public comments. All
submissions must refer to the above docket number and title.

1. Submission of Comments by Mail. Comments may be submitted by mail to the Regulations Division, Office of General Counsel,
   Department of Housing and Urban Development, 451 7th Street, SW., Room 10276, Washington, DC 20410-0500.

2. Electronic Submission of Comments. Interested persons may submit comments electronically through the Federal eRulemaking
   Portal at http://www.regulations.gov. HUD strongly encourages commenters to submit comments electronically. Electronic submission of comments allows the commenter
   maximum time to prepare and submit a comment, ensures timely receipt by HUD, and enables HUD to make them immediately available
   to the public. Comments submitted electronically through the http://www.regulations.gov Web site can be viewed by other commenters and interested members of the public. Commenters should follow the instructions
   provided on that site to submit comments electronically.

Note:

To receive consideration as public comments, comments must be submitted through one of the two methods specified above. Again,
all submissions must refer to the docket number and title of the rule.

No Facsimile Comments. Comments submitted by facsimile (FAX) will not be accepted.

Public Inspection of Public Comments. All properly submitted comments and communications submitted to HUD will be available
for public inspection and copying between 8 a.m. and 5 p.m. weekdays at the above address. Due to security measures at the
HUD Headquarters building, an advance appointment to review the public comments must be scheduled by calling the Regulations
Division at 202-708-3055 (this is not a toll-free number). Individuals with speech or hearing impairments may access this
number via TTY by calling the Federal Information Relay Service at 800-877-8339. Copies of all comments submitted are available
for inspection and downloading at http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT:

Emmanuel Yeow, Secretary of the Board of Directors of the HOPE for Homeowners Program, Department of Housing and Urban Development,
451 7th Street, SW., Room 9110, Washington, DC 20410-8000, telephone 202-708-3600 (this is not a toll-free number). Persons
with hearing- or speech-impairments may access this number through TTY by calling the toll-free Federal Information Relay
Service at 800-877-8339.

SUPPLEMENTARY INFORMATION:

Background

Title IV of Division A of the Housing and Economic Recovery Act of 2008 (Pub. L. 110-289, 122 Stat. 2654, approved July 30,
2008) (“Act”) amended Title II of the National Housing Act (NHA) to add a new section 257. This section established the Program
as a temporary Federal Housing Administration (FHA) program that offers voluntary participation on the part of homeowners
and existing loan holders (or servicers acting on their behalf) to insure refinanced loans for distressed borrowers to support
long-

  term sustainable homeownership, including among other things, allowing homeowners to avoid foreclosure. Under the Program,
  a qualified mortgage borrower may refinance his or her existing mortgage into a new mortgage loan insured by the FHA, subject
  to conditions and restrictions specified in the Act. The Program authorizes FHA to insure such eligible mortgages commencing
  no earlier than October 1, 2008, and the authority to insure expires September 30, 2011.

Section 257(t) of the NHA establishes a Board of Directors to oversee the Program. The Board is composed of the Secretary
of Housing and Urban Development (HUD), the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal
Reserve System, and the Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation, or the respective
designee of each. Section 257(t) of the NHA requires the Board to, among other things, establish requirements and standards
for the Program and prescribe regulations and guidelines as may be necessary or appropriate to implement such requirements
and standards.

Interim Rule

As a general matter, this interim rule provides that the Board will provide access to records of the Board in accordance with
the rules and procedures (including fee schedule) adopted by HUD under the FOIA (5 U.S.C. 552), which are codified at 24 CFR
Part 15, Subpart B. Because the official records of the Board will be compiled and stored at the main offices of HUD, use
of HUD's FOIA regulations will facilitate the administration of requests to, and responses of, the Board under the FOIA.

The Board's procedures under the FOIA, as provided in this rule, are codified in a new part 4000 of title 24 of the Code of
Federal Regulations (CFR). Codification in title 24, which contains the regulations of HUD, is for purposes of convenience
only. Although the Program is included as part of the National Housing Act and the Secretary of HUD acts as the Chairperson
of the Board, the Board has regulatory authority independent of HUD. Accordingly, codification of this interim rule in title
24 of the CFR should not be read as implying that any other requirements included in title 24 (except for those part 15 regulations
referenced in this interim rule) apply to actions taken by the Board, unless specifically adopted by the Board.

Findings and Certifications

Administrative Procedure Act

The Board will make this interim rule effective on publication, without first reviewing public comments. Pursuant to 5 U.S.C.
553, the Board finds that there is good cause for making the rule effective on that date and that it is contrary to the public
interest to provide notice and review comments in advance of that date. The rule establishes the procedures under which the
public may request access to the records of the Board under the FOIA, and it is in the interest of the public to have these
procedures announced at the earliest possible date. The Board is seeking public comment on the interim rule and will respond
to any public comments received when the Board takes final action on this interim final rule.

List of Subjects in 24 CFR 4000

Loan Programs, Mortgage Insurance, Access to information.

Regulatory Text

Authority and Issues

For the reasons set out in the preamble, the Board of Directors of the Hope for Homeowners Program amends Chapter XXIV by
adding a new part 4000 to read as follows:

PART 4000—BOARD OF DIRECTORS OF THE HOPE FOR HOMEOWNERS PROGRAM

Subpart A—Rules Regarding Access to Information Under the Freedom of Information Act

4000.1 Purpose and scope. 4000.2 Freedom of Information Act.

Authority:

5 U.S.C. 552; 12 U.S.C. 1715z-22.

§ 4000.1 Purpose and scope. This subpart establishes the Board's procedures governing access to records of the Board under the Freedom of Information
Act (5 U.S.C. 552).

§ 4000.2 Freedom of Information Act. (a) In general. While the Board is not part of the Department of Housing and Urban Development (“HUD”), the Board follows the regulations
promulgated by HUD at subparts A and B (“FOIA Disclosure Information”) of part 15 (“Public access to HUD records under the
Freedom of Information Act and testimony and production of information by HUD employees”) of Title 24 (“Housing and Urban
Development”) of the Code of Federal Regulations (“CFR”), except as otherwise provided in this section. Any reference in 24
CFR 15.1 through 15.112 to “HUD” shall be construed to refer to the Board. In the event that the regulations at subparts A
and B of part 15 of title 24 of the CFR subsequently are amended by HUD, the Board will follow those amended regulations.
The following additional information is provided to implement 24 CFR 15.1 through 15.112 as such sections apply to the Board.

(b) Requests for information. All requests to the Board for access to records of the Board should be directed to the attention of the Board at the U.S.
Department of Housing and Urban Development (HUD), Freedom of Information Act Office, 451 Seventh Street, SW., Room 10139,
Washington, DC 20410-3000 (HUD Headquarters), where the Board maintains its principal place of business. Requestors should
follow the directions for requesting records as provided in the regulations in 24 CFR part 15, subpart B. The public reading
rooms for the Board are the reading rooms located at HUD Headquarters in Washington, DC. Due to security measures at HUD Headquarters,
an advance appointment to review the public comments must be scheduled by calling the FOIA Office at 202-708-3054 (this is
not a toll-free number).

(c) Requests for records. Initial determinations whether to grant requests for records of the Board will be made by the Secretary of the Board or
the designee of such official. Requests for records by mail should be addressed to the same address as that provided in paragraph
(a) of this section.

(d) Administrative appeal of initial determination to deny records. (1) Appellate determinations with respect to the records of the Board will be made by an official, designated by the Executive
Director of the Board, who had no involvement in the initial determination of the request for records that is the subject
of the appeal.

(2) Appellate determinations with respect to requests for expedited processing shall be made by the Secretary of the Board
or the designee of such official.

(3) Appeals should be addressed to the address provided in paragraph (a) of this section.

(e) Delivery of process. Service of process will be received by Counselor to the Board or the designee of such official and shall be delivered to
the address provided in paragraph (a) of this section to the attention of Counselor to the Board.

Dated at Washington, DC, this 13th day of February, 2009. By order of the Board of Directors of the HOPE for Homeowners Program.

Margaret E. Burns, Executive Director of the Board. [FR Doc. E9-3582 Filed 2-19-09; 8:45 am] BILLING CODE 4210-AA-P

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