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2011-01-22
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Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates
Notices
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D09002ee1bdd10208
United States
Department of Housing and Urban Development
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United States Government Agency or Subagency
This notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under section 221(g)(4) of the Act during the 6-month period beginning January 1, 2011, is 2\1/2\ percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning January 1, 2011, is 3\7/8\ percent. However, as a result of an amendment to section 224 of the Act, if an insurance claim relating to a mortgage insured under sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the debenture interest rate for purposes of calculating a claim shall be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years.
76 FR 4127
https://www.govinfo.gov/app/details/FR-2011-01-24/2011-1358
2011-1358
fr24ja11-77
4210-67-P
Docket No. FR-5493-N-01
https://www.govinfo.gov/app/details/FR-2011-01-24/2011-1358
https://www.govinfo.gov/content/pkg/FR-2011-01-24/html/2011-1358.htm
https://www.govinfo.gov/content/pkg/FR-2011-01-24/pdf/2011-1358.pdf
2 p.
4127
4128
76 FR 4127
Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates; Federal Register Vol. 76, Issue
NOTICE
2011-1358
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Docket No. FR-5493-N-01
4210-67-P
2011-1358
Notice.
This notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under section 221(g)(4) of the Act during the 6-month period beginning January 1, 2011, is 2\1/2\ percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning January 1, 2011, is 3\7/8\ percent. However, as a result of an amendment to section 224 of the Act, if an insurance claim relating to a mortgage insured under sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the debenture interest rate for purposes of calculating a claim shall be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years.
Yong Sun, Department of Housing and Urban Development, 451 Seventh Street, SW., Room 5148, Washington, DC 20410-8000; telephone (202) 402-4778 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877-8339.
Mortgage and Loan Insurance Programs Under the National Housing Act:
Debenture Interest Rates
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Federal Register
Vol. 76, no. 15
Office of the Federal Register, National Archives and Records Administration
2011-01-24
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https://www.govinfo.gov/app/details/FR-2011-01-24
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0042-1219
0364-1406
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000582072
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https://www.govinfo.gov/app/details/FR-2011-01-24
https://www.govinfo.gov/content/pkg/FR-2011-01-24/pdf/FR-2011-01-24.pdf
https://www.govinfo.gov/content/pkg/FR-2011-01-24/xml/FR-2011-01-24.xml
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2011-01-22
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