04-17515. Mortgagee Review Board Administrative Actions

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, 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 the required audited annual financial statement, an acceptable annual audited financial statement and/or payment of the annual recertification fee.

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 Hearing- and Speech-Impaired Individuals (TTY) is available at 1-800-877-8339 (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, Pub. L. 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, 2003 through March 31, 2004, related to the failure of Title I lenders and Title II mortgagees to submit the required audited annual financial statement, an acceptable annual audited financial statement and/or payment of the annual recertification fee.

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

Cause: Failure to submit to the Department the required annual audited financial statement, an acceptable annual audited financial statement, and/or remit the required annual recertification fee.

33 Title I Lenders and Loan Correspondents

[Terminated between October 1, 2003 and March 31, 2004]

Name	City	State
ABC MORTGAGE INC	SACRAMENTO	CA
BAYPORTE ENTERPRISES INC	FOSTER CITY	CA
CALIFORNIA DISCOUNT MORTGAGE	COVINA	CA
CALIFORNIA GOLD MORTGAGE INC	ENCINO	CA
CELTIC BANK	SALT LAKE CITY	UT
CHANNEL POINT CORPORATION	CARSON	CA
COUNTYWIDE LENDERS CORP	ONTARIO	CA
CROWN BANK FSB	CASSELBERRY	FL
CSBM INC	PASADENA	CA
DIADCO FINANCIAL SERVICES INC	COVINA	CA
ENTERPRISE FEDERAL SAVINGS BANK	LARGO	MD
EZ HOME FUNDING INC	SOUTH GATE	CA
FIDELITY FEDERAL SAVINGS BANK	CHICAGO	IL
FIRST NATIONAL BANK	BANGOR	WI
FIRST PREFERRED MORTGAGE CORP	DOWNEY	CA
INTEGRITY MORTGAGE CORPORATION	DOWNEY	CA
LANDMARK NATIONAL BANK	DODGE CITY	KS
LIBERTY FINANCIAL GROUP	BELLEVUE	WA
LIBERTY MORTGAGE CORPORATION	ERIE	PA
LINDA JENSEN ENTERPRISES	MISSION VIEJO	CA
LOANMAX BANCORP	ARTESIA	CA
M W FINANCIAL INC	TORRANCE	CA
MAJESTY MORTGAGE CORP	LOS ANGELES	CA
MOJAVE VALLEY MORTGAGE CORP	VICTORVILLE	CA
NAPOLI MORTGAGE AND INVESTMENT	MIAMI	FL
NDNJ INC	RANCHO PALOS VERDES	CA
PROFESSIONAL ADVANTAGE FINANCIAL GROUP I	BOSTON	MA
PROFUNDING INC	NORTH HOLLYWOOD	CA
RICARDO GERSCOVICH INC	VAN NUYS	CA
SECOND CITY FINANCIAL INC	DENVER	CO
THIRTY TWO ROJO INC	PALM DESERT	CA
TRICOR FUNDING INC	ONTARIO	CA
WAUSAU MORTGAGE CORPORATION	PLEASANTON	CA

179 Title II Mortgagees and Loan Correspondents

[Terminated between October 1, 2003 and March 31, 2004]

Name	City	State
ABC MORTGAGE INC	SACRAMENTO	CA
ADVANTAGE ONE MORTGAGE CORP	BENSALEM	PA
ALCON ACTION AGENCY INC MORTGAGES	CONWAY	SC
ALLIED LENDING CORPORATION	LAKE FOREST	CA
ALPINE MORTGAGE OF OREGON INC	SPRINGFIELD	OR
ALTERNA MORTGAGE COMPANY	MT OLIVE	NJ
AMERICA WEST LENDER EXPRESS INC	SAN DIEGO	CA
AMERICAN REVERSE MORTGAGE LLC	GLEN BURNIE	MD
AMERITECH MORTGAGE BANKERS INC	LANHAM	MD
AMEX REAL ESTATE SERVICES INC	VISTA	CA
ANTELOPE MORTGAGE INC	NEWBERG	OR
APPLE MORTGAGE BANC AND LENDING	FORT MYERS	FL
APR MORTGAGE	NORTHRIDGE	CA
ASSURANCE LENDING SERVICES LLC	HOUSTON	TX
AXTION INC	COLUMBIA	SC
BANYAN FINANCIAL OF CENTRAL FLORIDA LP	CLERMONT	FL
BELL CAPITAL INC	CHICAGO	IL
BENEFICIAL CAPITAL MANAGEMENT CORP	LAGUNA HILLS	CA
BENEFIT MORTGAGE SERVICES LLC	CLINTON	MD
C W COBB AND ASSOCIATION INC	ARLINGTON	VA
CALIFORNIA EXPRESS FUNDING INC	ONTARIO	CA
CALIFORNIA GOLD MORTGAGE INC	ENCINO	CA
CAMINO REAL FINANCIAL INC	WHITTIER	CA
CANYON MORTGAGE INC	PALM DESERT	CA
CAPITAL MORTGAGE COMPANY	ADDISON	IL
CARRINGTON MORTGAGE SERVICES INC	HUNTINGTON BEACH	CA
CARVER FEDERAL SAVINGS ALA	NEW YORK	NY
CAVERSHAM FINANCIAL INC	ATLANTA	GA
CENTER CITY LENDERS INC	ORLANDO	FL
CENTURY MORTGAGE AND FUNDING INC	LISLE	IL
CHANNEL POINT CORPORATION	CARSON	CA
CHOCTAW HOPE DEVELOPMENT CORP	HUGO	OK
CITIFINANCIAL MORTGAGE COMPANY INC	IRVING	TX
CITYWIDE MORTGAGE PROS	LOCKPORT	IL
CLS FINANCIAL SERVICES INC	LYNNWOOD	WA
COMMUNITY INVESTMENT CORP	CHICAGO	IL
CONNECTICUT HOUSING INV FUND INC	HARTFORD	CT
CONSUMER MORTGAGE GROUP INC	CENTENNIAL	CO
CONTINENTAL COMMUNITY BANK AND TRUST CO	AURORA	IL
CONTINENTAL PACIFIC CAPITAL AND FINANCIAL	TARZANA	CA
COPIAGUE FUNDING CORP	LINDENHURST	NY
COUNTY MORTGAGE COMPANY INC	WEST CALDWELL	NJ
CREATIVE MORTGAGE USA INC	LANSING	IL
CREDIT CLINIC USA INC	BALTIMORE	MD
CROSSROAD CAPITAL SERVICES INC	NEW ROCHELLE	NY
CSBM INC	PASADENA	CA
CUSTOM LENDING GROUP INC	NAPA	CA
CYPRESS POINT FUNDING INC	WOODLAND HILLS	CA
DAN CAVALLO INC	RIVERSIDE	CA
DEAN ENTERPRISES INCORPORATED	LA CANADA	CA
DECORUM FINANCIAL MORTGAGE CORP	NORTH LITTLE ROCK	AR
DELTA MORTGAGE CORPORATION	FORT COLLINS	CO
DEVON INC	LAS VEGAS	NV
DIAMOND MORTGAGE BROKER INC	SANTA ANA	CA
DISCOVER MORTGAGE COMPANY	DECATUR	GA
E THREE R FINANCIAL CORPORATION	KANSAS CITY	MO
EMPIRE LENDING CORPORATION	CITY OF INDUSTRY	CA
ENCORE MORTGAGE SERVICE	VOORHEES	NJ
ENTERPRISE FEDERAL SAVING BANK	LARGO	MD
EZ HOME FUNDING INC	SOUTH GATE	CA
FAI MORTGAGE CORP	FAIRFIELD	NJ
FAIRWAY OF AMERICA INC	EAST LANSING	MI
FIDELITY FEDERAL SAVINGS BANK	CHICAGO	IL
FIRST BANK OF-MISSOURI	GLADSTONE	MO
FIRST CENTENNIAL NATIONWIDE MORTGAGE	CENTENNIAL	CO
FIRST CLASS FINANCIAL LLC	COLORADO SPRINGS	CO
FIRST WESTERN FUNDING CORP	FORT COLLINS	CO
FIVE STAR FINANCIAL INC	JOLIET	IL
FN MORTGAGE CORPORATION	SANTA ANA	CA
FUNDING EXPRESS BANCORP INC	UPLAND	CA
GATEWAY RESIDENTIAL FUNDING	CONCORD	CA
GEORGE WASHINGTON SAVINGS BANK	OAKLAWN	IL
GIBRALTER LOAN SERVICES INC	VISTA	CA
GLENBY MORTGAGE BANKING LTD	JERICHO	NY
GRAND MORTGAGE INC	GAINESVILLE	GA
GRANITE HOME MORTGAGE CORPORATION	DIAMOND BAR	CA
GUARANTY LOAN AND REAL ESTATE	WEST MEMPHIS	AR
HANNON MORTGAGE INC	TUCSON	AZ
HBA CAPITAL GROUP INC	HALLANDALE	FL
HOME LOAN GROUP INC	PLEASANTON	CA
HOMEBANK	ROCKWALL	TX
HOMEBUYERS FINANCIAL SERVICES LP	BRENTWOOD	TN
HOMESOURCE CAPITAL MORTGAGE CO LP	JUPITER	FL
HOUSING AME MORTGAGE COMPANY	BOCA RATON	FL
IMPACT LENDING INC	NEW PORT RICHEY	FL
INDEPENDENT MORTGAGE CORP	CLERMONT	FL
INTEGRITY FINANCIAL SERVICES	OAKBROOK	IL
INTEGRITY MORTGAGE CORP	DOWNEY	CA
KEYES PENN MORTGAGE COMPANY	LAWRENCEVILLE	GA
KSJ ENTERPRISES	WASHINGTON	DC
L AND S FINANCIAL SERVICES LLC	WEST JORDAN	UT
LAKE ELMO BANK	OAKDALE	MN
LEGACY LENDING INC	STEILACOOM	WA
LEGACY MORTGAGE COMPANY INC	WATERLOO	IA
LEND LEASE HOUSING FINANCE GROUP LP	DALLAS	TX
LIBERTY MORTGAGE COMPANY	CHICAGO	IL
LIGHTHOUSE MORTGAGE COMPANY LLC	VENICE	FL
LOAN LINES INC	TARZANA	CA
LOANMAX BANCORP	ARTESIA	CA
LUU ASSOCIATES INC	CITY OF INDUSTRY	CA
MAJESTY MORTGAGE CORP	LOS ANGELES	CA
MALVERN FEDERAL SAVINGS BANK	PAOLI	PA
MARCO MORTGAGE INC	OXNARD	CA
MEG MORTGAGE CENTER INC	FORT LAUDERDALE	FL
MERCURY MORTGAGE CO INC	TULSA	OK
METRO ISLAND MORTGAGE INC	RIO PIEDRAS	PR
METRO MORTGAGE CORPORATION	METAIRIE	LA
METROPLEX RESIDENTIAL LENDING LP	PLANO	TX
METWEST MORTGAGE SERVICES INC	SPOKANE	WA
MFB FINANCIAL	MISHAWAKA	IN
MIDWEST MORTGAGE COMPANY	GLENDALE HEIGHTS	IL
MONEY PLUS FINANCIAL INC	RANCHO CUCAMONGA	CA
MONEYTREE MORTGAGE COMPANY	AURORA	IL
MORTGAGE ACCESS GROUP INCORP	PINOLE	CA
MORTGAGE AMERICA INC-NJ	MANALAPAN	NJ
MORTGAGE BANKING ASSIST INC	BEDFORD	TX
MORTGAGE COMPANY MICHIGAN INC	ROCHESTER HILLS	MI
MORTGAGE CREDIT SERVICES INC	ORANGE	CA
MORTGAGE FINDERS	DES PLAINES	IL
MORTGAGE MARKET INC	TIGARD	OR
MORTGAGE SOLUTIONS INC	MARIETTA	GA
NAPOLI MTG AND INVESTMENT CORP	MIAMI	FL
NDNJ INC	RANCHO PALOS VERDES	CA
NEEDAMORTGAGE COM INC	SEATTLE	WA
NEIGHBORHOOD MORTGAGE INC	PHOENIX	AZ
NEW FINANCE INC	MIAMI	FL
PACIFIC COAST MORTGAGE INC	CHINO	CA
PACIFIC LIFE INSURANCE COMPANY	NEWPORT BEACH	CA
PALMA CORPORATION	LAS VEGAS	NV
PARAGON MORTGAGE BANKERS CORP	CARLE PLACE	NY
PELICAN FINANCIAL SERVICES INC	BATON ROUGE	LA
PINE VALLEY MORTGAGE CORPORATION	DULUTH	GA
PRIMARY MORTGAGE GROUP INC	MISSION VIEJO	CA
PRIME STAR MORTGAGE COMPANY INC	STOCKBRIDGE	GA
PROFESSIONAL ADVANTAGE FINANCIAL GROUP	BOSTON	MA
PROFESSIONAL MORTGAGE SOLUTIONS	REGO PARK	NY
PROFUNDING INC	NORTH HOLLYWOOD	CA
PROSPERITY CAPITAL INC	ANAHEIM	CA
QUALITY MORTGAGE CONSULTANTS INC	POLLOCK PINES	CA
REAL AMERICAN LENDING INC	WESTMINSTER	CA
REAL ESTATE MORTGAGE COUNSELORS	LEMON GROVE	CA
REAL TIME FUNDING CORP	DOWNEY	CA
RESORT MORTGAGE INC	GULF BREEZE	FL
ROCKPOINTE FINANCIAL SERVICES GROUP INC	IRVINE	CA
ROYAL HAVEN MORTGAGE INC	LOS ANGELES	CA
SAINT ANTHONY BANK FSB	CICERO	IL
SARAS INC	LAGUANA HILLS	CA
SCHWAB FINANCIAL SERVICES INC	OREGON CITY	OR
SEACOAST FINANCIAL INC	SANTA MARIA	CA
SECOND CITY FINANCIAL INC	DENVER	CO
SENIOR HOMEOWNERS FINANCIAL SERVICES	MONTEREY PARK	FL
SERONELLO SUMMERS INC	SAN RAMON	CA
SIGNATURE MORTGAGE INC	ST CHARLES	MO
SMP FINANCIAL CORP	TUSTIN	CA
SOUTHERN MORTGAGE INVESTMENT CORP	MARIETTA	GA
SOUTHLAND MORTGAGE CORP OF NC	CHARLOTTE	NC
SOVEREIGN MORTGAGE LP	DENVER	CO
ST CLOUD MORTGAGE	SANTA CLEMENTE	CA
ST FRANCIS BANK FSB	NEW BERLIN	WI
SUNSET MORTGAGE AND FUNDING CORP	STATEN ISLAND	NY
SUPERIOR FINANCING INC	ST PAUL	MN
TDC MORTGAGE CORP	LAS VEGAS	NV
THRESHOLD FINANCIAL CORPORATION	WESTPORT	CT
TOWNE BANK	CINCINNATI	OH
TREANOR ENTERPRISES	DALLAS	TX
TRIMARK CAPITAL INC	PHOENIX	AZ
TROY SAVINGS BANK	TROY	NY
TURNER-YOUNG INVESTMENT CO	FORT WORTH	TX
TWENTY FIRST CAPITAL FUNDING INC	LOS ANGELES	CA
UNITED STATES NATIONAL BANK	RED LODGE	MT
USA FINANCIAL SERVICES INC	FAIRFAX	VA
VETERANS BENEFITS CLEARINGHOUSE	ROXBURY	MA
W D WICKLEY INC	RANCHO CUCAMONGA	CA
WANTLAND REALTY CORPORATION	NORTH PALM BEACH	FL
WAUKEGAN SAVINGS AND LOAN SB	WAUKEGAN	IL
WCFRE INC	CARLSBAD	CA
WESTERN UNITED LIFE ASSURANCE	SPOKANE	WA
WETCO FINANCIAL INC	BATON ROUGE	LA
WORTHINGTON FINANCIAL SERVICES	LP NAPLES	FL

Dated: July 16, 2004.

Sean Cassidy,

General Deputy Assistant Secretary for Housing.