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Home » 2007 Issues » 72 FR (08/13/2007) » E7-15742. Mortgagee Review Board Administrative Actions Termination of Lender Approval for Renewal Noncompliance

  E7-15742. Mortgagee Review Board Administrative Actions Termination of Lender Approval for Renewal Noncompliance  

  • Start Preamble

    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, and 24 CFR 25.10, this notice advises of the cause and description of certain administrative actions taken by HUD's Mortgagee Review Board (MRB) against HUD-approved mortgagees. The MRB terminated 123 Title I and Title II lender approvals during the six month period ending March 31, 2007, for failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    Joy Hadley, Director, Office of Lender Activities and Program Compliance, 451 Seventh Street, SW., Room B-133-P3214, Washington, DC 20410-8000, telephone: (202) 708-1515. (This is not a toll-free number.) A Telecommunications Device for Hearing- and Speech-Impaired Individuals (TTY) is available at (800) 877-8339 (Federal Information Relay Service).

    End Further Info End Preamble Start Supplemental Information

    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, Pub. L. 101-235, approved December 15, 1989), and 23 CFR 25.10 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. The MRB terminated 123 Title I and Title II lender approvals during the six Start Printed Page 45259month period ending March 31, 2007, for failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

    ACTION:

    Termination of HUD/FHA Title I and Title II lender approval.

    CAUSE:

    Failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

    —

    Approval typeFHA IDLender nameCitySt
    Title II1007600008ADVANTAGE ONE MORTGAGE BROKERS INCROGERSAR
    Title II2063800000AKEYGENT MORTGAGE LLCOKLAHOMA CITYOK
    Title II1610900006ALL STAR MORTGAGE INCPLANOTX
    Title II1045200004ALLERTON FINANCIAL CORPBLOOMFIELD HILLSMI
    Title I7251200007AMERIBANC CORPORATIONMEDFORDOR
    Title II1054400008AMERIBANC CORPORATIONMEDFORDOR
    Title II7832800005AMERICAN CALIF FIN SERV INCTORRANCECA
    Title II1652600009AMERICAN DEBT REDUCTIONMARSHFIELDWI
    Title II1772800000AMERICAN HOME FINANCEEDEN PRAIRIEMN
    Title II1151800006AMERICAN HOME LOANS EXPRESSLONG BEACHCA
    Title II1476600003AMERICAN LENDING RESOURCE INCTEMECULACA
    Title II7675300005AMERICAN MORTGAGE PROFESSIONALS INCESCONDIDOCA
    Title I7117900006AMERICAN MORTGAGE SERVICES INCMILLINGTONTN
    Title II2373500007AMERICAN SECURE MORTGAGE LLCFORT WORTHTX
    Title II1847700000AMERIHOME MORTGAGE CORPORATIONSAN BERNARDINOCA
    Title II1504900009APPLIED RESEARCH CAPITAL CORPVILLA PARKIL
    Title II1883400005ASPECT LLCAUSTINTX
    Title II2108100000AT HOME DISCOUNT MORTGAGE INCNORTH SALT LAKEUT
    Title II2112300002AVA MORTGAGE INCHUNTERSVILLENC
    Title I7386900000AVENTUS INCTUKWILAWA
    Title II2096200009AVENTUS INCTUKWILAWA
    Title I7348700001BANKERS ACCEPTANCE MORTGAGE CORPSPRINGFIELDMO
    Title II7753200009BOTTOMLINE MORTGAGE INCMONROVIACA
    Title II7181100008BOULDER FINANCIAL CORPORATIONUPLANDCA
    Title II1039000005BRENWARD MORTGAGE CORPORATIONCERRITOSCA
    Title II1923300009C U MEMBERS MORTGAGE CORPORATIONEAST HAVENCT
    Title II6441109991CAL COAST MORTGAGE CORP.SAN DIEGOCA
    Title I7253300003CALIFORNIA EMPIRE FUNDING CORPRANCHO CUCAMONGACA
    Title II7756700002CALIFORNIA EMPIRE FUNDING CORPRANCHO CUCAMONGACA
    Title II7149400009CALIFORNIA MORTGAGE SPECIALISTS INCSUSANVILLECA
    Title II2092200003CAPITOL CITY MORTGAGE INCORPRATEDCARMELIN
    Title II2106100008CARDINAL BANC MORTGAGE CORPBRECKSVILLEOH
    Title II1392700001CB TOWNE CENTER FINANCIALCERRITOSCA
    Title II7417800006CLARK-ALLENBACH GROUPSAN DIEGOCA
    Title II2085700009COAST2COAST MORTGAGE SPECIALISTS LTDGLEN ELLYNIL
    Title I7192800006COMMUNITY FINANCIAL INCCLAREMONTCA
    Title II7560400002COMPASS MORTGAGE INCCHARLESTONSC
    Title I7274100002CONSTITUTION MORTGAGE CORPTUSTINCA
    Title II7905900004CONSTITUTION MORTGAGE CORPTUSTINCA
    Title II7058100004CORONA MORTGAGECORONACA
    Title I7378400001CYPRESS POINT FUNDING INCWOODLAND HILLSCA
    Title II1967200006CYPRESS POINT FUNDING INCWOODLAND HILLSCA
    Title II1508800004EAGLE FUNDING GROUP LTDCHANTILLYVA
    Title I7220600006EST FIN SERVICES INCSOUTH GATECA
    Title II7983600004EST FIN SERVICES INCSOUTH GATECA
    Title II1280200002EXECUTIVE HOME LOAN INCSANTA ANACA
    Title II2115800006EXPRESS FUNDING CORPPARMA HEIGHTSOH
    Title II1385000006FIDUCIAL LENDING CORPORATIONINDIANAPOLISIN
    Title II7870900006FIRST AMERICAN FUNDING INCBALTIMOREMD
    Title II1914600009FIRST FUNDING MORTGAGE INCYORBA LINDACA
    Title II1787200005FIRST INTERSTATE MORTGAGEAMERICAN FORKUT
    Title I7300600009GOLD CROWN HOME LOANS INCGLENDALECA
    Title II1239800004GOLD CROWN HOME LOANS INCGLENDALECA
    Title II2354200004GOLDEN MORTGAGE FINANCIAL SERVICESSAN JUANPR
    Title II1968200002GREAT LAKES CREDIT UNIONNORTH CHICAGOIL
    Title II1223000000GREATER ATLANTIC MORTGAGE CORPVIENNAVA
    Title II0322109994GUARANTY LOAN AND REAL ESTATEWEST MEMPHISAR
    Title I7302100008HEARTLAND FUNDING CORPSPRINGFIELDMO
    Title II2353500000HILLMAN & REECE CORPORATIONAURORACO
    Title II1955200005HOMELEND MORTGAGE COMPANY INCHOLLANDOH
    Title II1282600009HOMESTEAD MORTGAGE CORPNORTH READINGMA
    Title II7660600008IMPERIAL LENDERS CORPORATIONMIAMIFL
    Title II1763900000INTEGRITY MORTGAGE GROUP INCHURSTTX
    Title II7931100006INTERBANK MORTGAGE CORPHUNTINGTON BEACHCA
    Title I7345700004J J AND D FINANCIAL SERVICES INCBUENA PARKCA
    Title II1605300004J J AND D FINANCIAL SERVICES INCBUENA PARKCA
    Title I7363100004JB MORTGAGE MARKET INCDUBLINCA
    Title II1777500005JB MORTGAGE MARKET INCDUBLINCA
    Title II1909400001JPO FUNDING INCEULESSTX
    Start Printed Page 45260
    Title II1279400003JT ENTERPRISESHUNTINGTON BEACHCA
    Title II1158800000KERN CENTRAL CREDIT UNIONBAKERSFIELDCA
    Title II1912300004KNR MORTGAGE INCALBUQUERQUENM
    Title II7879700001LAGUNA FUNDING CORPORATIONONTARIOCA
    Title II7744400009LEGACY FINANCIAL GROUP INCARLINGTONTX
    Title II1661700001LENDERS FINANCIAL MORTGAGE CORPDAVIEFL
    Title II1894900004MAIDSTONE MORTGAGEDOWNEYCA
    Title II7915200006MAJOR MORTGAGECHEYENNEWY
    Title II1641500003MESA FINANCIAL INCANAHEIMCA
    Title II7942100000MILDOR CORPORATIONVICTORIATX
    Title II1600800007MONEY TREE MORTGAGE BANKERS USA INCMIAMIFL
    Title II7167700005MONTICELLO BANKJACKSONVILLEFL
    Title II1780600004MURRAY MORTGAGE INCORPORATEDDALLASTX
    Title II1430400000NATIONS FUNDING GROUPATLANTAGA
    Title II2335200004NATIONS MORTGAGE CORPORATIONSALT LAKE CITYUT
    Title II2290900004NATIONWIDE MORTGAGE GROUP INCSOUTHFIELDMI
    Title II1152300008NATIONWIDE REALTY SERVICES INCSAN DIEGOCA
    Title II7313700006NORTH SUBURBAN MORTGAGE CORPBROOMFIELDCO
    Title II1135500002ODICO INCLOS ANGELESCA
    Title II1256900002PARK PLACE MORTGAGE CORPLIVONIAMI
    Title II2705009995PHILADELPHIA FREEDOM CORPLAS VEGASNV
    Title II1340600007PRIME EQUITY ACCESS CORPGRAND RAPIDSMI
    Title II2314300002QUALIFIED MORTGAGE SOLUTIONS, L.P.PALM BEACH GARDENSFL
    Title II2022700000QUOTEMEARATE.COMHOUSTONTX
    Title II1657700001R SANCHEZ FINANCIAL INCRANCHO CUCAMONGACA
    Title II1336900006REGENCY MORTGAGE COBIRMINGHAMAL
    Title II7520600001REPUBLIC MORTGAGE CORPORATIONTROYMI
    Title I7177600009SAN DIEGO SOUTHLAND EQUITIES LTDSAN DIEGOCA
    Title II7811400009SAN DIEGO SOUTHLAND EQUITIES LTDSAN DIEGOCA
    Title II1120500002SCOTT RESIDENTIAL SERVICES INCCITRUS HEIGHTSCA
    Title II2257500002SFMCPS INCDURHAMNC
    Title I7086600009SHASTA FINANCIAL SERVICES INCELK GROVECA
    Title II2343200000SILVERSTONE MORTGAGE INCHOUSTONTX
    Title II1337500002SIMPLICITY FUNDING INCDALLASTX
    Title II7423200003SMI SOUTHERN MORTGAGE INCBIRMINGHAMAL
    Title II1291000005ST CLOUD MORTGAGESANTA CLEMENTECA
    Title II2229000006STARMARK FINANCIAL LLCSOUTHFIELDMI
    Title II2079700006STRATE FINANCIAL SERVICES LLCDENVERCO
    Title II1777400009SUMMIT CAPITAL GROUP INCPACIFIC GROVECA
    Title II1187300004SUPERIOR LENDING CORPPLANOTX
    Title II1981200004SUPERIOR MORTGAGE INCEDEN PRAIRIEMN
    Title II1789900004TAILOR-MADE MORTGAGE CORPMENIFEECA
    Title II7518300001TRUST MORTGAGE COMPANY INCWALTHAMMA
    Title II2274300008UFS FINANCIAL GROUP INCDALLASTX
    Title II1909800005UNION MORTGAGE INCARLINGTONTX
    Title I7082100004UNIVERSAL SAVINGS BANK FAMILWAUKEEWI
    Title II7182600009VALLEY BANK MARYLANDHUNT VALLEYMD
    Title I7198900008VALLEYSOURCE MORTGAGE INCBAKERSFIELDCA
    Title II7882200000VALLEYSOURCE MORTGAGE INCBAKERSFIELDCA
    Title II7373900007VILLAGE ASSOCIATES MORTGAGE INCBIRMINGHAMMI
    Title II7849900009VOYAGEUR FINANCIAL INCPRIOR LAKEMN
    Title II1987900009WENTWORTH MORTGAGE CORPORATIONPLYMOUTHMI
    Title II2330000000WEST MICHIGAN MORTGAGE AND FINANCIAL SERGRAND RAPIDSMI
    Title II7207000003WESTERN CAPITAL ASSOCIATESSAN DIEGOCA
    Start Signature

    Dated: August 3, 2007.

    Brian D. Montgomery,

    Assistant Secretary for Housing—Federal Housing Commissioner, Chairman Mortgagee Review Board.

    End Signature End Supplemental Information

    [FR Doc. E7-15742 Filed 8-10-07; 8:45 am]

    BILLING CODE 4210-67-P

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Document Information

Comments Received:
0 Comments
Published:
08/13/2007
Department:
Housing and Urban Development Department
Entry Type:
Notice
Action:
Notice.
Document Number:
E7-15742
Pages:
45258-45260 (3 pages)
Docket Numbers:
Docket No. FR-5157-N-02
PDF File:
e7-15742.pdf