Sale of HUD-Held Single Family Mortgages; Correction

Zusammenfassung

This document corrects an interim rule that HUD published in the Federal Register on August 31, 1995 (60 FR 45331) regarding the sale of HUD-held single family mortgages. The August 31, 1995 interim rule inadvertently described several categories of ineligible bidders. However, HUD intended the rule to contain only one category of ineligible bidders--individuals or entities debarred from doing business with HUD. This correction will broaden the category of eligible bidders in HUD's single family mortgage sales, excluding only those individuals or entities that have been debarred from doing business with HUD.