95-24069. Notice of Accepted Bid for the Section 221(g)(4) Multifamily Project Mortgage Auction

[Federal Register Volume 60, Number 188 (Thursday, September 28, 1995)]
[Notices]
[Pages 50208-50209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24069]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner
[Docket No. FR-3854-N-02]


Notice of Accepted Bid for the Section 221(g)(4) Multifamily 
Project Mortgage Auction

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

action: Notice of Accepted Auction Bid.

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summary: Section 221(g)(4)(C) of the National Housing Act requires that 
the Secretary of HUD cause Federal Register publication of the accepted 
bid in a multifamily project mortgage auction. Accordingly, this notice 
announces the name of the auction winner and the amount of the accepted 
bid for the auction conducted on June 28, 1995.

for further information contact: Audrey Hinton, Associate Director, 
Office of Multifamily Asset Management and Disposition, Dept. HUD, Room 
6160, 451 Seventh Street, SE., Washington, DC, 20410, telephone (202) 
708-3730. Hearing- or speech-impaired individuals may call HUD's TDD 
number [phone]. (These telephone numbers are not toll-free.)

supplementary information: The National Housing Act (12 U.S.C. 1701-
1749aaa-5) (the Act) authorizes and governs the Department's mortgage 
insurance programs. On June 28, 1995, the Department, pursuant to the 
provisions of Section 221(g)(C)(i) of the Act, conducted the fifth 
auction of 

[[Page 50209]]
221(g)(4) mortgages. The sale involved 81 mortgages where the mortgagee 
had elected to assign the mortgages to HUD under Section 221(g)(4). The 
Federal National Mortgage Association was the successful bidder for 80 
mortgages. One of the mortgages was pulled from the auction because of 
prepayment in full before the auction date.
    As required by Section 221(g)(4)(C)(ii)(IV), the Department is 
publishing details concerning the accepted bid, as follows:

Winning Bidder: Federal National Mortgage Association
Winning Bid: 7.16 percent

    Dated: September 20, 1995.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 95-24069 Filed 9-27-95; 8:45 am]
BILLING CODE 4210-27-M