Page:United States Statutes at Large Volume 122.djvu/2848

 12 2 STA T . 2 8 2 5PUBLIC LA W 11 0– 28 9—J UL Y3 0, 2008 (d)CONTE NT S O FR E P O R TS .—Ther e po r ts re qui red u n der su b- se c tion (c) sh al l identi fy and analy z e— ( 1 ) the factors considered in deter m inin g the amount of the guarantee fees charged ( 2 ) the total re v enue earned by the enterprises from guar- antee fees; ( 3 ) the total costs incurred by the enterprises for providing guarantees; ( 4 ) the average guarantee fee charged by the enterprises; ( 5 ) an analysis of any increase or decrease in guarantee fees from the preceding year; ( 6 )abrea k do w n of the revenue and costs associated with providing guarantees , based on product type and risk classifica- tions; and ( 7 ) a breakdown of guarantee fees charged based on asset size of the originator and the number of loans sold or trans- ferred to an enterprise. (e) P ROTE C T I ON OF I NFOR MA TION.— N othing in this section may be construed to require or authorize the D irector to publicly disclose information that is confidential or proprietary. SEC.1602 .S TUDYAN D R E PO RTONDE F AU L TR I S K E V ALUATION. (a) S T UDY .—The Director shall conduct a study of ways to improve the overall default risk evaluation used with respect to residential mortgage loans. Particular attention shall be paid to the development and utilization of processes and technologies that provide a means to standardize the measurement of risk. (b) REPORT.—The Director shall submit a report on the study conducted under this section to the Committee on B anking, H ousing, and U rban A ffairs of the Senate and the Committee on F inancial Services of the House of Representatives, not later than 1 year after the date of enactment of this Act. SEC. 160 3 . CONVERSION OF H UD CONTRACTS. (a) IN G ENERA L .—Notwithstanding any other provision of law, the Secretary may, at the request of an owner of a multifamily housing pro j ect that e x ceeds 5, 0 00 units to which a contract for project-based rental assistance under section 8 of the United States Housing Act of 1 9 37( ‘ ‘Act ’ ’) (42 U.S.C. 1437f) and a Rental Assist- ance Payment contract is subject, convert such contracts to a con- tract for project-based rental assistance under section 8 of the Act. (b) INITIAL RENE W AL.— (1) At the request of an owner under subsection (a) made no later than 90 days prior to a conversion, the Secretary may, to the extent sufficient amounts are made available in appropriation Acts and notwithstanding any other law, treat the contemplated resulting contract as if such contract were eligible for initial renewal under section 524(a) of the M ulti- Family Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note) (‘‘MAHRA’’) (42 U.S.C. 1437f note). (2) A request by an owner pursuant to paragraph (1) shall be upon such terms and conditions as the Secretary may require. (c) RESULTIN G CONTRACT.—The resulting contract shall— (1) be subject to section 524(a) of MAHRA (42 U.S.C. 1437f note); 42USC1 4 37fnote.D e adli ne.

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