E5-3269. Mortgagee Review Board Administrative Actions Withdrawal of Approval for Recertification Noncompliance

AGENCY:

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

ACTION:

Notice.

SUMMARY:

In compliance with section 202(c) of the National Housing Act, this notice advises of the cause and description of certain administrative actions taken by HUD's Mortgagee Review Board against HUD-approved mortgagees. This notice of administrative actions relates solely to the failure of Title I lenders and Title II mortgagees to submit an acceptable annual audited financial statement and/or payment of the annual fee in order to renew their FHA lender approval as part of the annual recertification process.

FOR FURTHER INFORMATION CONTACT:

Phillip A. Murray, Director, Office of Lender Activities and Program Compliance, Room B-133-3214 L'Enfant Plaza, 451 Seventh Street, SW., Washington, DC 20410-8000, telephone: [phone]. (This is not a toll-free number.) A Telecommunications Device for individuals who are hearing- or speech impaired (TTY) is available at 800-877-8339 (Federal Information Relay Service).

SUPPLEMENTARY INFORMATION:

Section 202(c)(5) of the National Housing Act (added by section 142 of the Department of Housing and Urban Development Reform Act of 1989, Public Law 101-235, approved December 15, 1989), requires that HUD publish a description of, and the cause for, administrative actions against a HUD-approved mortgagee by the Department's Mortgagee Review Board. In compliance with the requirements of section 202(c)(5), this notice advises of administrative actions that have been taken by the Mortgagee Review Board from October 1, 2004 through March 31, 2005, related to the failure of Title I lenders and Title II mortgagees to submit an acceptable annual audited financial statement and/or payment of the annual recertification fee in order to renew their FHA lender approval as part of the annual recertification process.

Action: Withdrawal of HUD/FHA Title I lender approval and/or Title II mortgagee approval.

Cause: Failure to submit to the Department an acceptable annual audited financial statement, and/or remit the required annual recertification fee in order to renew their FHA lender approval as part of the annual recertification process.

Name	City	St
59 Title I Lenders and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
Alabama Home Mortgage Lending	Birmingham	AL
Allied Finance Company Inc	Van Nuys	CA
Alosta Mortgage Inc	Glendora	CA
American Lending Resource Inc	Temecula	CA
American Residential Funding Inc	Costa Mesa	CA
American Union Home Loans	Downey	CA
Anchor Home Loans Unlimited Inc	Costa Mesa	CA
Avalon Mortgage Corporation	San Diego	CA
Brookside Mortgage LLC	Tulsa	OK
Budget Mortgage Bankers Ltd	Lake Success	NY
California Gold Mortgage Inc	Encino	CA
California Mortgage Loan Co	San Dimas	CA
Cambree Financial Inc	Torrance	CA
Capitol Federal Savings Bank	Tokepa	KS
Caribbean Financial Services Corp	Caguas	PR
Community Bank	Brockton	MA
Emerald Mortgage Corp	North Hills	CA
Excell Financial LLC	Portland	OR
Farwest Plus Inc	Lawndale	CA
Financial Partners Credit Union	Downey	CA
First City Capital of Nevada Inc	Las Vegas	NV
First Federal Bank	Hazleton	PA
First Preferred Mortgage Corp	Downey	CA
HCG North America LLC	Orange	CA
IMortgage Funding Corporation	San Diego	CA
International Home Capital Corp	Woodland Hills	CA
JT and T LLC	Tempe	AZ
Legacy Mortgage Inc	Plano	TX
Loan Cents Financial Services	North Charleston	SC
London Financial Group	Irvine	CA
Madison Mortgage Corporation	Smyrna	GA
MFS Investments Inc	Montebello	CA
Michael Kagan Inc	Westlake Village	CA
Nevada Brookside Mortgage Corp	Cerritos	CA
Norwest Home Improvement Inc	Concord	CA
Oakwood Acceptance Corporation LLC	Greensboro	NC
Oakwood Mortgage Investors Inc	Las Vegas	NV
Olympia Mortgage Corporation	Brooklyn	NY
Pacific Gold Mortgage Group LLC	Phoenix	AZ
Pacific Sun Mortgage Company Inc	Carlsbad	CA
Peoples First Community Bank	Panama City	FL
Platinum Holdings Inc	Covina	CA
Porter Financial Corp	Mission Hills	CA
Primestar Financial Inc	Carson	CA
Provision Mortgage Corporation	San Diego	CA
R and G Lending Inc	Cypress	CA
Realty Mortgage Alliance	Chino	CA
Realty Mortgage LLC	Virginia Beach	VA
Resource Capital Inc	Los Angeles	CA
Sara S Inc	Laguna Hills	CA
SLS Mortgage Inc	Sylmar	CA
Stewart National Mortgage Co Inc	San Diego	CA
Suburban Mortgage Incorporated	Phoenix	AZ
Taylor Chaparro and Co Inc	Mission Viejo	CA
Ultimate Funding Corp	Tustin	CA
Uniwest Mortgage Corp	San Diego	CA
Urban First Funding Corp	Lancaster	CA
World Financial Corp Inc	Puerto Nuevo	PR
181 Title II Mortgagees and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
A C Global Capital Inc	Garland	TX
Accent Mortgage Services Inc	Alpharetta	GA
Ace Mortgage Inc	Ozone Park	NY
Acropolis Enterprise Inc	La Puente	CA
ADP Financial INC	Carmichael	CA
All Americans Fin Res Alliance Inc	Maitland	FL
Allied Finance Company Inc	Van Nuys	CA
Alosta Mortgage Inc	Glendora	CA
American Investment Team Inc	Woburn	MA
American Mortgage Lending Services Inc	Chicago	IL
American Strategic Income Port	Minneapolis	MN
America's Premiere Mortgage Company	Burton	MI
Amerimort Financial Corp	City of Industry	CA
Anchor Home Loans Unlimited Inc	Costa Mesa	CA
Anodyne Lending Inc	Santa Ana	CA
Arrow Service Corp Inc	Denver	CO
Avalon Funding Group Inc	Scottsdale	AZ
Bankers Mortgage Financial Corp	Lighthouse Point	FL
Beacon Financial Services Inc	Indianapolis	IN
Best Results Mortgage Corporation	Huntington Park	CA
Better Home Financial Inc	San Dimas	CA
Buffalo Federal Savings Bank	Buffalo	WY
California Gold Mortgage Inc	Encino	CA
California Mortgage Loan Co Inc	San Dimas	CA
Cambree Financial Inc	Torrance	CA
Caribbean Financial Services Corp	Caguas	PR
Cen Cal Mortgage Inc	Paso Robles	CA
Cianford Inc	Modesto	CA
CJM Mortgage Corp	Pompton Lakes	NJ
Colonial Mortgage Inc	Columbus	OH
Colorado Quality Lending LLC	Denver	CO
Community Bank	Brockton	MA
Consolidated Mortgage Plus Inc	Reynoldsburg	OH
Creative Mortgage Solutions Two	Tamarac	FL
Crosstowne Mortgage Corporation	Silver Spring	MD
CVK Enterprises Inc	Iron Mountain	MI
Dearborn Savings Assoc FA	Lawrenceburg	IN
Deluxe Mortgage LLC	Houston	TX
Denali Financial Services LP	Fayetteville	GA
Developers Mortgage Group	Las Vegas	NV
Devon Kay Capital LLC	Avon	CT
Donn R Steier Inc	Mammoth Lakes	CA
E Z Financial Services Inc	Berwyn	IL
Eagle Mortgage Company	Crown Point	IN
East Side Lending Inc	Milwaukee	WI
Emerald Mortgage Corp	North Hills	CA
Equity One Lenders Service Inc	Anaheim	CA
Everett Cooperative Bank	Everett	MA
Excell Financial LLC	Portland	OR
Fairmount Company	Beaverton	OR
Farwest Plus Inc	Lawndale	CA
Fidelity Capital Funding Inc	San Ramon	CA
First Federal Savings and Loan Assn Tx	Tyler	TX
First FIdelity Centers Inc	Tarzana	CA
First Fidelity Credit Corporation	Torrence	CA
First Fidelity Financial Inc	Newport Beach	CA
First Financial Home Loan	Miami	FL
First Independent Bank	Gallatin	TN
First Preferred Mortgage Corp	Downey	CA
First State Bank	Colorado Springs	CO
First State Financial Corporation	Newport Beach	CA
Five Star Funding Inc	Stockton	CA
Floridafirst Bank	Lakeland	FL
Four Points Mortgage Corporation	Riverside	CA
Freestand Financial Holding Corp	Phoenix	AZ
GMRC LLC	Lafayette	IN
Gold Coast Funding Inc	Irvine	CA
Grant Financial Services Inc	Oak Brook	IL
Haws Inc	Jupiter	FL
Hillcrest Financial Corp	Richardson	TX
Home Builders Mortgage Corp	Charleston	SC
Home Loans Direct Inc	Carlsbad	CA
Home Mortgage Group Inc	Alexandria	LA
Home Mortgagee Corp	Glen Ellyn	IL
Homelink Mortgage Inc	Kirkland	WA
Huntington Browne Mortgage Inc	Inglewood	CA
Imperial Mortgage Finance Corporation	Birmingham	AL
Inland Empire Funding Corp	Rancho Cucamonga	CA
Integrity Mortgage and Financial Inc	Denver	CO
Intense Mortgage Inc	Newport Beach	CA
International Millennium Association	Bell	CA
Interstate Net Bank	Cherry Hill	NJ
J Leichtman Financial Services	Los Angeles	CA
JT and T LLC	Tempe	AZ
Klamath First Federal Savings Ala	Klamath Falls	OR
Konhoff Capital LLC	Salt Lake City	UT
Lee and Jackson Finan Services	Camarillo	CA
Legacy Mortgage Corporation	Palos Heights	IL
Legend Mortgage Inc	Phoenix	AZ
Loan Cents Financial Services Inc	Summerville	SC
Loan Lines Inc	Tarzana	CA
Loan Originators Mortgage Corp	Covina	CA
Loans Unlimited Inc	Houston	TX
Lone Star Realty Investments Inc	Southlake	TX
Mairc Mortgage Corp	South Jordan	UT
Malta Service Corporation	Farmington	CT
Marquest Financial	Minneapolis	MN
MCM Holdings Inc dba Mtg Bankers of Fl	Miami	FL
Mechanics Cooperative Bank	Taunton	MA
Medallion Mortgage and Financial Ser LLC	Tampa	FL
MFS Investments Inc	Rosemead	CA
Michael Kagan Inc	Westlake Village	CA
Monterey Coast Mortgage Corp	Monterey	CA
Monumental Finance LLC	Lutherville	MD
Mortgage Associates Corporation	Plymouth	MI
Mortgage Concepts Inc	Canton	MI
Mortgage Made Easy Inc	Miami	FL
Mortgage Makers Inc	Scottsdale	AZ
Mortgage Processing Inc	Federickburg	VA
Mortgage Solutions Network LLC	Aurora	CO
Mortgages Done Wright Inc	Escalon	CA
National Mortgage Association	Oklahoma City	OK
Nationsbest Mortgage Corp	Orange	CA
Nationwide Discount Home Loans Inc	Rancho Cucamonga	CA
NDNJ Inc	Ramcho Palos Verdes	CA
Neustar Financial Services Inc	Overgaard	AZ
New Millennium Lending Inc	Houston	TX
Newwest Mortgage Company	Downey	CA
North Texas Lending LLC	Plano	TX
Oakwood Acceptance Corporation LLC	Greensboro	NC
Oasis Financial Services Inc	Redlands	CA
Old American Mortgage Inc	Murray	UT
Old Dominion Mortgage Inc	Charlottesville	VA
Osborne Nichols Hall and Associates LTD	Long Beach	NY
P M J K Inc	San Leandro	CA
Palm Beach Financial Network Inc	Jupiter	FL
Pittsburgh Home Savings	Pittsburgh	PA
Pittsfield Co-Operative Bank	Pittsfield	MA
Platinum Family of Companies Inc	Costa Mesa	CA
Platinum Holdings Inc	Covina	CA
Porter Financial Corporation	Mission Hills	CA
Portico Mortgage-Com Inc	Charlotte	NC
Preciosas Inc	Victorville	CA
Preferred Bank FSB	Houston	TX
Premiere Mortgage Inc	Scottsdale	AZ
Prime Star Financial Inc	Carson	CA
Providence Funding Corporation	Garden Grove	CA
Provident Mortgage Corporation	Hackensack	NJ
Quality Financial Services LC	Salt Lake City	UT
Queen City Federal Savings Bank	Virginia	MN
R and G Lending Inc	Cypress	CA
R K Mortgage Inc	Richfield	OH
Rapid Mortgage LLC	Rapid City	SD
Residential Mortgage Company	Youngstown	OH
Resource Capital Inc	Los Angeles	CA
Resource Lenders Inc	Fresno	CA
Ricardo Gerscovich Inc	Encino	CA
RNB Investments	Oakbrook Terrace	IL
Rock Creek Mortgage	Valencia	CA
Rushmore Financial	Modesto	CA
Ryan Mortgage Company Inc	Santa Rosa	CA
Second Federal Savings and Loan Assoc	Chicago	IL
Shamrock Corp	Carlsbad	CA
South Bay Equities Ltd	Brentwood	NY
Sparrow Mortgage Corp	Glendale	CA
Spectrum Global Finance Inc	Orlando	FL
State Financial Network Inc	Broomall	PA
Statewide Ventures	Grass Valley	CA
Stone Mountain Mortgage Inc	Tucker	GA
Stratford Mortgage Corp	Quinlan	TX
Sunrise Vista Mortgage Corp	Citrus Heights	CA
Texas Mortgage Professionals LLC	Houston	TX
Tiempo Mortgage LLC	Denver	CO
Timmaron Mortgage Group Inc	Dallas	TX
Titan Financial Services Inc	Hauppauge	NY
Total Financial Services Inc	Palm Desert	CA
Ultimate Funding Corp	Tustin	CA
United Bank of Absarokee NA	Absarokee	MT
United Capital Mortgage Corporation	Aurora	CO
United Concepts Lending Inc	Denver	CO
United Mortgage and Invest Corp	Baileys Crossroads	VA
United Mortgage Investors Inc	Decatur	GA
Valley Pacific Mortgage Corporation	Denver	CO
Vanguard Financial Ltd	Concord	CA
Walkford Funding Inc	Staten Island	NY
Westcoast Home Loan Inc	Chula Vista	CA
White Oak Mortgage Group LLC	Raleigh	NC
Wilson and Associates Mortgage Corp	Chicago	IL
Winfield Affiliated Mortgage LP	Naples	FL
Winton Savings and Loan Co	Cincinnati	OH
Yonkers Savings and Loan Assn	Yonkers	NY

Dated: June 10, 2005.

Frank L. Davis,

General Deputy Assistant Secretary for Housing-Deputy Federal Housing Commissioner.