Mortgagee Review Board Administrative Actions Termination of Lender Approval for Renewal Noncompliance, 45258-45260 [E7-15742]
Download as PDF
45258
Federal Register / Vol. 72, No. 155 / Monday, August 13, 2007 / Notices
Cause: HUD’s regulations permit HUD
to terminate the Agreement with any
mortgagee having a default and claim
rate for loans endorsed within the
preceding 24 months that exceeds 200
percent of the default and claim rate
within the geographic area served by a
HUD field office, and also exceeds the
national default and claim rate. For the
31st review period, HUD is terminating
the Agreement of mortgagees whose
default and claim rate exceeds both the
national rate and 200 percent of the
field office rate.
Effect: Termination of the Agreement
precludes that branch(s) of the
mortgagee from originating FHA-insured
single-family mortgages within the area
of the HUD field office(s) listed in this
notice. Mortgagees authorized to
purchase, hold, or service FHA insured
mortgages may continue to do so.
Loans that closed or were approved
before the termination became effective
may be submitted for insurance
endorsement. Approved loans are (1)
Those already underwritten and
approved by a Direct Endorsement (DE)
underwriter employed by an
unconditionally approved DE lender
and (2) cases covered by a firm
commitment issued by HUD. Cases at
earlier stages of processing cannot be
submitted for insurance by the
terminated branch; however, they may
be transferred for completion of
processing and underwriting to another
mortgagee or branch authorized to
originate FHA insured mortgages in that
area. Mortgagees are obligated to
continue to pay existing insurance
premiums and meet all other obligations
associated with insured mortgages.
A terminated mortgagee may apply for
a new Origination Approval Agreement
if the mortgagee continues to be an
approved mortgagee meeting the
requirements of 24 CFR 202.5, 202.6,
202.7, 202.8 or 202.10 and 202.12, if
there has been no Origination Approval
Agreement for at least six months, and
if the Secretary determines that the
underlying causes for termination have
been remedied. To enable the Secretary
to ascertain whether the underlying
causes for termination have been
remedied, a mortgagee applying for a
new Origination Approval Agreement
must obtain an independent review of
the terminated office’s operations as
well as its mortgage production,
specifically including the FHA-insured
mortgages cited in its termination
notice. This independent analysis shall
identify the underlying cause for the
mortgagee’s high default and claim rate.
The review must be conducted and
issued by an independent Certified
Public Accountant (CPA) qualified to
perform audits under Government
Auditing Standards as provided by the
General Accounting Office. The
mortgagee must also submit a written
corrective action plan to address each of
the issues identified in the CPA’s report,
along with evidence that the plan has
been implemented. The application for
a new Agreement should be in the form
of a letter, accompanied by the CPA’s
report and corrective action plan. The
request should be sent to the Director,
Office of Lender Activities and Program
Compliance, 451 Seventh Street, SW.,
Room B133–P3214, Washington, DC
20410–8000 or by courier to 490
L’Enfant Plaza, East, SW., Suite 3214,
Washington, DC 20024–8000.
Action: The following mortgagees
have had their Agreements terminated
by HUD:
Mortgagee name
Mortgagee branch address
HUD office
jurisdictions
Termination
effective date
Homeownership centers
Advanced Mortgage & Investment Corp .....
3112 Washington Road Ste D, Augusta,
GA 30907.
300 Patriot Drive, Little Chute, WI 54140 ...
2825 Wilcrest Drive Ste 407, Houston, TX
77042.
225 Littleton Road, Morris Plains, NJ
07950.
601 S Falkenburg Road Ste 2–1, Tampa,
FL 33619.
2105 Waterview Pkwy Ste 101, Richardson, TX 75080.
9100 IH–10 West, Ste 100, San Antonio,
TX 78230.
Atlanta ......................
6/26/2007 ....
Atlanta.
Milwaukee .................
San Antonio ..............
6/18/2007 ....
4/16/2007 ....
Denver.
Denver.
Camden ....................
6/18/2007 ....
Philadelphia.
Tampa ......................
4/14/2007 ....
Atlanta.
Dallas ........................
4/14/2007 ....
Denver.
San Antonio ..............
4/14/2007 ....
Denver.
GSF Milwaukee ...........................................
I Mortgage Funding Corp ............................
Mortgage Access Corp d/b/a Weichert Financial Services.
Radius Capital Corp ....................................
SFMC LP .....................................................
Summit Mortgage Corp ...............................
Dated: July 20, 2007.
Brian D. Montgomery,
Assistant Secretary for Housing-Federal
Housing Commissioner.
[FR Doc. E7–15745 Filed 8–10–07; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
jlentini on PROD1PC65 with NOTICES
[Docket No. FR–5157–N–02]
Mortgagee Review Board
Administrative Actions Termination of
Lender Approval for Renewal
Noncompliance
Office of the Assistant
Secretary for Housing-Federal Housing
Commissioner, HUD.
AGENCY:
VerDate Aug<31>2005
16:19 Aug 10, 2007
Jkt 211001
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.
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,
PO 00000
Frm 00044
Fmt 4703
Sfmt 4703
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).
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 HUDapproved mortgagee by the
Department’s Mortgagee Review Board.
The MRB terminated 123 Title I and
Title II lender approvals during the six
SUPPLEMENTARY INFORMATION:
E:\FR\FM\13AUN1.SGM
13AUN1
45259
Federal Register / Vol. 72, No. 155 / Monday, August 13, 2007 / Notices
month period ending March 31, 2007,
for failure to submit an acceptable
annual audited financial statement and/
jlentini on PROD1PC65 with NOTICES
Approval type
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
I ............
II ...........
II ...........
I ............
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
I ............
II ...........
II ...........
VerDate Aug<31>2005
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.
FHA ID
1007600008
2063800000
1610900006
1045200004
7251200007
1054400008
7832800005
1652600009
1772800000
1151800006
1476600003
7675300005
7117900006
2373500007
1847700000
1504900009
1883400005
2108100000
2112300002
7386900000
2096200009
7348700001
7753200009
7181100008
1039000005
1923300009
6441109991
7253300003
7756700002
7149400009
2092200003
2106100008
1392700001
7417800006
2085700009
7192800006
7560400002
7274100002
7905900004
7058100004
7378400001
1967200006
1508800004
7220600006
7983600004
1280200002
2115800006
1385000006
7870900006
1914600009
1787200005
7300600009
1239800004
2354200004
1968200002
1223000000
0322109994
7302100008
2353500000
1955200005
1282600009
7660600008
1763900000
7931100006
7345700004
1605300004
7363100004
1777500005
1909400001
16:19 Aug 10, 2007
Failure to submit an acceptable
annual audited financial statement and/
or payment of the annual fee required to
renew their FHA lender approval.
CAUSE:
Lender name
City
St
ADVANTAGE ONE MORTGAGE BROKERS INC .............................
AKEYGENT MORTGAGE LLC ...........................................................
ALL STAR MORTGAGE INC .............................................................
ALLERTON FINANCIAL CORP ..........................................................
AMERIBANC CORPORATION ...........................................................
AMERIBANC CORPORATION ...........................................................
AMERICAN CALIF FIN SERV INC ....................................................
AMERICAN DEBT REDUCTION ........................................................
AMERICAN HOME FINANCE ............................................................
AMERICAN HOME LOANS EXPRESS ..............................................
AMERICAN LENDING RESOURCE INC ...........................................
AMERICAN MORTGAGE PROFESSIONALS INC ............................
AMERICAN MORTGAGE SERVICES INC ........................................
AMERICAN SECURE MORTGAGE LLC ...........................................
AMERIHOME MORTGAGE CORPORATION ....................................
APPLIED RESEARCH CAPITAL CORP ............................................
ASPECT LLC ......................................................................................
AT HOME DISCOUNT MORTGAGE INC ..........................................
AVA MORTGAGE INC .......................................................................
AVENTUS INC ....................................................................................
AVENTUS INC ....................................................................................
BANKERS ACCEPTANCE MORTGAGE CORP ...............................
BOTTOMLINE MORTGAGE INC .......................................................
BOULDER FINANCIAL CORPORATION ...........................................
BRENWARD MORTGAGE CORPORATION .....................................
C U MEMBERS MORTGAGE CORPORATION ................................
CAL COAST MORTGAGE CORP. .....................................................
CALIFORNIA EMPIRE FUNDING CORP ..........................................
CALIFORNIA EMPIRE FUNDING CORP ..........................................
CALIFORNIA MORTGAGE SPECIALISTS INC .................................
CAPITOL CITY MORTGAGE INCORPRATED ..................................
CARDINAL BANC MORTGAGE CORP .............................................
CB TOWNE CENTER FINANCIAL .....................................................
CLARK-ALLENBACH GROUP ...........................................................
COAST2COAST MORTGAGE SPECIALISTS LTD ...........................
COMMUNITY FINANCIAL INC ...........................................................
COMPASS MORTGAGE INC .............................................................
CONSTITUTION MORTGAGE CORP ...............................................
CONSTITUTION MORTGAGE CORP ...............................................
CORONA MORTGAGE ......................................................................
CYPRESS POINT FUNDING INC ......................................................
CYPRESS POINT FUNDING INC ......................................................
EAGLE FUNDING GROUP LTD ........................................................
EST FIN SERVICES INC ...................................................................
EST FIN SERVICES INC ...................................................................
EXECUTIVE HOME LOAN INC .........................................................
EXPRESS FUNDING CORP ..............................................................
FIDUCIAL LENDING CORPORATION ...............................................
FIRST AMERICAN FUNDING INC .....................................................
FIRST FUNDING MORTGAGE INC ...................................................
FIRST INTERSTATE MORTGAGE ....................................................
GOLD CROWN HOME LOANS INC ..................................................
GOLD CROWN HOME LOANS INC ..................................................
GOLDEN MORTGAGE FINANCIAL SERVICES ...............................
GREAT LAKES CREDIT UNION ........................................................
GREATER ATLANTIC MORTGAGE CORP ......................................
GUARANTY LOAN AND REAL ESTATE ...........................................
HEARTLAND FUNDING CORP .........................................................
HILLMAN & REECE CORPORATION ...............................................
HOMELEND MORTGAGE COMPANY INC .......................................
HOMESTEAD MORTGAGE CORP ....................................................
IMPERIAL LENDERS CORPORATION .............................................
INTEGRITY MORTGAGE GROUP INC .............................................
INTERBANK MORTGAGE CORP ......................................................
J J AND D FINANCIAL SERVICES INC ............................................
J J AND D FINANCIAL SERVICES INC ............................................
JB MORTGAGE MARKET INC ..........................................................
JB MORTGAGE MARKET INC ..........................................................
JPO FUNDING INC ............................................................................
ROGERS ......................................
OKLAHOMA CITY ........................
PLANO .........................................
BLOOMFIELD HILLS ...................
MEDFORD ...................................
MEDFORD ...................................
TORRANCE .................................
MARSHFIELD ..............................
EDEN PRAIRIE ............................
LONG BEACH ..............................
TEMECULA ..................................
ESCONDIDO ................................
MILLINGTON ...............................
FORT WORTH .............................
SAN BERNARDINO .....................
VILLA PARK .................................
AUSTIN ........................................
NORTH SALT LAKE ....................
HUNTERSVILLE ..........................
TUKWILA .....................................
TUKWILA .....................................
SPRINGFIELD .............................
MONROVIA ..................................
UPLAND .......................................
CERRITOS ...................................
EAST HAVEN ..............................
SAN DIEGO .................................
RANCHO CUCAMONGA .............
RANCHO CUCAMONGA .............
SUSANVILLE ...............................
CARMEL ......................................
BRECKSVILLE .............................
CERRITOS ...................................
SAN DIEGO .................................
GLEN ELLYN ...............................
CLAREMONT ...............................
CHARLESTON .............................
TUSTIN ........................................
TUSTIN ........................................
CORONA ......................................
WOODLAND HILLS .....................
WOODLAND HILLS .....................
CHANTILLY ..................................
SOUTH GATE ..............................
SOUTH GATE ..............................
SANTA ANA .................................
PARMA HEIGHTS .......................
INDIANAPOLIS ............................
BALTIMORE .................................
YORBA LINDA .............................
AMERICAN FORK .......................
GLENDALE ..................................
GLENDALE ..................................
SAN JUAN ...................................
NORTH CHICAGO .......................
VIENNA ........................................
WEST MEMPHIS .........................
SPRINGFIELD .............................
AURORA ......................................
HOLLAND ....................................
NORTH READING .......................
MIAMI ...........................................
HURST .........................................
HUNTINGTON BEACH ................
BUENA PARK ..............................
BUENA PARK ..............................
DUBLIN ........................................
DUBLIN ........................................
EULESS .......................................
AR
OK
TX
MI
OR
OR
CA
WI
MN
CA
CA
CA
TN
TX
CA
IL
TX
UT
NC
WA
WA
MO
CA
CA
CA
CT
CA
CA
CA
CA
IN
OH
CA
CA
IL
CA
SC
CA
CA
CA
CA
CA
VA
CA
CA
CA
OH
IN
MD
CA
UT
CA
CA
PR
IL
VA
AR
MO
CO
OH
MA
FL
TX
CA
CA
CA
CA
CA
TX
Jkt 211001
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
E:\FR\FM\13AUN1.SGM
13AUN1
45260
Approval type
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
Title
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
I ............
II ...........
I ............
II ...........
II ...........
II ...........
II ...........
II ...........
II ...........
Federal Register / Vol. 72, No. 155 / Monday, August 13, 2007 / Notices
FHA ID
1279400003
1158800000
1912300004
7879700001
7744400009
1661700001
1894900004
7915200006
1641500003
7942100000
1600800007
7167700005
1780600004
1430400000
2335200004
2290900004
1152300008
7313700006
1135500002
1256900002
2705009995
1340600007
2314300002
2022700000
1657700001
1336900006
7520600001
7177600009
7811400009
1120500002
2257500002
7086600009
2343200000
1337500002
7423200003
1291000005
2229000006
2079700006
1777400009
1187300004
1981200004
1789900004
7518300001
2274300008
1909800005
7082100004
7182600009
7198900008
7882200000
7373900007
7849900009
1987900009
2330000000
7207000003
Lender name
City
St
JT ENTERPRISES ..............................................................................
KERN CENTRAL CREDIT UNION .....................................................
KNR MORTGAGE INC .......................................................................
LAGUNA FUNDING CORPORATION ................................................
LEGACY FINANCIAL GROUP INC ....................................................
LENDERS FINANCIAL MORTGAGE CORP .....................................
MAIDSTONE MORTGAGE .................................................................
MAJOR MORTGAGE .........................................................................
MESA FINANCIAL INC .......................................................................
MILDOR CORPORATION ..................................................................
MONEY TREE MORTGAGE BANKERS USA INC ............................
MONTICELLO BANK ..........................................................................
MURRAY MORTGAGE INCORPORATED ........................................
NATIONS FUNDING GROUP ............................................................
NATIONS MORTGAGE CORPORATION ..........................................
NATIONWIDE MORTGAGE GROUP INC .........................................
NATIONWIDE REALTY SERVICES INC ...........................................
NORTH SUBURBAN MORTGAGE CORP ........................................
ODICO INC .........................................................................................
PARK PLACE MORTGAGE CORP ....................................................
PHILADELPHIA FREEDOM CORP ....................................................
PRIME EQUITY ACCESS CORP .......................................................
QUALIFIED MORTGAGE SOLUTIONS, L.P. ....................................
QUOTEMEARATE.COM .....................................................................
R SANCHEZ FINANCIAL INC ............................................................
REGENCY MORTGAGE CO ..............................................................
REPUBLIC MORTGAGE CORPORATION ........................................
SAN DIEGO SOUTHLAND EQUITIES LTD .......................................
SAN DIEGO SOUTHLAND EQUITIES LTD .......................................
SCOTT RESIDENTIAL SERVICES INC ............................................
SFMCPS INC ......................................................................................
SHASTA FINANCIAL SERVICES INC ...............................................
SILVERSTONE MORTGAGE INC .....................................................
SIMPLICITY FUNDING INC ...............................................................
SMI SOUTHERN MORTGAGE INC ...................................................
ST CLOUD MORTGAGE ....................................................................
STARMARK FINANCIAL LLC ............................................................
STRATE FINANCIAL SERVICES LLC ...............................................
SUMMIT CAPITAL GROUP INC ........................................................
SUPERIOR LENDING CORP .............................................................
SUPERIOR MORTGAGE INC ............................................................
TAILOR-MADE MORTGAGE CORP ..................................................
TRUST MORTGAGE COMPANY INC ...............................................
UFS FINANCIAL GROUP INC ...........................................................
UNION MORTGAGE INC ...................................................................
UNIVERSAL SAVINGS BANK FA ......................................................
VALLEY BANK MARYLAND ..............................................................
VALLEYSOURCE MORTGAGE INC ..................................................
VALLEYSOURCE MORTGAGE INC ..................................................
VILLAGE ASSOCIATES MORTGAGE INC .......................................
VOYAGEUR FINANCIAL INC ............................................................
WENTWORTH MORTGAGE CORPORATION ..................................
WEST MICHIGAN MORTGAGE AND FINANCIAL SER ...................
WESTERN CAPITAL ASSOCIATES ..................................................
HUNTINGTON BEACH ................
BAKERSFIELD .............................
ALBUQUERQUE ..........................
ONTARIO .....................................
ARLINGTON ................................
DAVIE ...........................................
DOWNEY .....................................
CHEYENNE .................................
ANAHEIM .....................................
VICTORIA ....................................
MIAMI ...........................................
JACKSONVILLE ...........................
DALLAS ........................................
ATLANTA .....................................
SALT LAKE CITY .........................
SOUTHFIELD ...............................
SAN DIEGO .................................
BROOMFIELD ..............................
LOS ANGELES ............................
LIVONIA .......................................
LAS VEGAS .................................
GRAND RAPIDS ..........................
PALM BEACH GARDENS ...........
HOUSTON ...................................
RANCHO CUCAMONGA .............
BIRMINGHAM ..............................
TROY ...........................................
SAN DIEGO .................................
SAN DIEGO .................................
CITRUS HEIGHTS .......................
DURHAM ......................................
ELK GROVE ................................
HOUSTON ...................................
DALLAS ........................................
BIRMINGHAM ..............................
SANTA CLEMENTE .....................
SOUTHFIELD ...............................
DENVER ......................................
PACIFIC GROVE .........................
PLANO .........................................
EDEN PRAIRIE ............................
MENIFEE .....................................
WALTHAM ...................................
DALLAS ........................................
ARLINGTON ................................
MILWAUKEE ................................
HUNT VALLEY .............................
BAKERSFIELD .............................
BAKERSFIELD .............................
BIRMINGHAM ..............................
PRIOR LAKE ................................
PLYMOUTH .................................
GRAND RAPIDS ..........................
SAN DIEGO .................................
CA
CA
NM
CA
TX
FL
CA
WY
CA
TX
FL
FL
TX
GA
UT
MI
CA
CO
CA
MI
NV
MI
FL
TX
CA
AL
MI
CA
CA
CA
NC
CA
TX
TX
AL
CA
MI
CO
CA
TX
MN
CA
MA
TX
TX
WI
MD
CA
CA
MI
MN
MI
MI
CA
Dated: August 3, 2007.
Brian D. Montgomery,
Assistant Secretary for Housing—Federal
Housing Commissioner, Chairman Mortgagee
Review Board.
[FR Doc. E7–15742 Filed 8–10–07; 8:45 am]
jlentini on PROD1PC65 with NOTICES
BILLING CODE 4210–67–P
ACTION:
Fish and Wildlife Service
SUMMARY: This notice announces the
amendments to Appendices I and II
adopted by the Conference of the Parties
(CoP) to the Convention on International
Trade in Endangered Species of Wild
Fauna and Flora (CITES) at its
fourteenth regular meeting (CoP14). The
meeting was held in The Hague, The
Netherlands, June 3–15, 2007. In this
notice we list those amendments that
were adopted by the Parties at the
meeting. We also invite public input on
whether the United States should take a
Conference of the Parties to the
Convention on International Trade in
Endangered Species of Wild Fauna
and Flora (CITES); Amendments to
Appendices I and II Adopted by the
Conference of the Parties to CITES at
Its Fourteenth Regular Meeting
(CoP14)
AGENCY:
Fish and Wildlife Service,
Interior.
VerDate Aug<31>2005
16:19 Aug 10, 2007
Jkt 211001
Notice; request for comments.
DEPARTMENT OF THE INTERIOR
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
E:\FR\FM\13AUN1.SGM
13AUN1
Agencies
[Federal Register Volume 72, Number 155 (Monday, August 13, 2007)]
[Notices]
[Pages 45258-45260]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-15742]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5157-N-02]
Mortgagee Review Board Administrative Actions Termination of
Lender Approval for Renewal 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,
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.
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).
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
[[Page 45259]]
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.
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 type FHA ID Lender name City St
----------------------------------------------------------------------------------------------------------------
Title II................. 1007600008 ADVANTAGE ONE MORTGAGE ROGERS................. AR
BROKERS INC.
Title II................. 2063800000 AKEYGENT MORTGAGE LLC........ OKLAHOMA CITY.......... OK
Title II................. 1610900006 ALL STAR MORTGAGE INC........ PLANO.................. TX
Title II................. 1045200004 ALLERTON FINANCIAL CORP...... BLOOMFIELD HILLS....... MI
Title I.................. 7251200007 AMERIBANC CORPORATION........ MEDFORD................ OR
Title II................. 1054400008 AMERIBANC CORPORATION........ MEDFORD................ OR
Title II................. 7832800005 AMERICAN CALIF FIN SERV INC.. TORRANCE............... CA
Title II................. 1652600009 AMERICAN DEBT REDUCTION...... MARSHFIELD............. WI
Title II................. 1772800000 AMERICAN HOME FINANCE........ EDEN PRAIRIE........... MN
Title II................. 1151800006 AMERICAN HOME LOANS EXPRESS.. LONG BEACH............. CA
Title II................. 1476600003 AMERICAN LENDING RESOURCE INC TEMECULA............... CA
Title II................. 7675300005 AMERICAN MORTGAGE ESCONDIDO.............. CA
PROFESSIONALS INC.
Title I.................. 7117900006 AMERICAN MORTGAGE SERVICES MILLINGTON............. TN
INC.
Title II................. 2373500007 AMERICAN SECURE MORTGAGE LLC. FORT WORTH............. TX
Title II................. 1847700000 AMERIHOME MORTGAGE SAN BERNARDINO......... CA
CORPORATION.
Title II................. 1504900009 APPLIED RESEARCH CAPITAL CORP VILLA PARK............. IL
Title II................. 1883400005 ASPECT LLC................... AUSTIN................. TX
Title II................. 2108100000 AT HOME DISCOUNT MORTGAGE INC NORTH SALT LAKE........ UT
Title II................. 2112300002 AVA MORTGAGE INC............. HUNTERSVILLE........... NC
Title I.................. 7386900000 AVENTUS INC.................. TUKWILA................ WA
Title II................. 2096200009 AVENTUS INC.................. TUKWILA................ WA
Title I.................. 7348700001 BANKERS ACCEPTANCE MORTGAGE SPRINGFIELD............ MO
CORP.
Title II................. 7753200009 BOTTOMLINE MORTGAGE INC...... MONROVIA............... CA
Title II................. 7181100008 BOULDER FINANCIAL CORPORATION UPLAND................. CA
Title II................. 1039000005 BRENWARD MORTGAGE CORPORATION CERRITOS............... CA
Title II................. 1923300009 C U MEMBERS MORTGAGE EAST HAVEN............. CT
CORPORATION.
Title II................. 6441109991 CAL COAST MORTGAGE CORP...... SAN DIEGO.............. CA
Title I.................. 7253300003 CALIFORNIA EMPIRE FUNDING RANCHO CUCAMONGA....... CA
CORP.
Title II................. 7756700002 CALIFORNIA EMPIRE FUNDING RANCHO CUCAMONGA....... CA
CORP.
Title II................. 7149400009 CALIFORNIA MORTGAGE SUSANVILLE............. CA
SPECIALISTS INC.
Title II................. 2092200003 CAPITOL CITY MORTGAGE CARMEL................. IN
INCORPRATED.
Title II................. 2106100008 CARDINAL BANC MORTGAGE CORP.. BRECKSVILLE............ OH
Title II................. 1392700001 CB TOWNE CENTER FINANCIAL.... CERRITOS............... CA
Title II................. 7417800006 CLARK-ALLENBACH GROUP........ SAN DIEGO.............. CA
Title II................. 2085700009 COAST2COAST MORTGAGE GLEN ELLYN............. IL
SPECIALISTS LTD.
Title I.................. 7192800006 COMMUNITY FINANCIAL INC...... CLAREMONT.............. CA
Title II................. 7560400002 COMPASS MORTGAGE INC......... CHARLESTON............. SC
Title I.................. 7274100002 CONSTITUTION MORTGAGE CORP... TUSTIN................. CA
Title II................. 7905900004 CONSTITUTION MORTGAGE CORP... TUSTIN................. CA
Title II................. 7058100004 CORONA MORTGAGE.............. CORONA................. CA
Title I.................. 7378400001 CYPRESS POINT FUNDING INC.... WOODLAND HILLS......... CA
Title II................. 1967200006 CYPRESS POINT FUNDING INC.... WOODLAND HILLS......... CA
Title II................. 1508800004 EAGLE FUNDING GROUP LTD...... CHANTILLY.............. VA
Title I.................. 7220600006 EST FIN SERVICES INC......... SOUTH GATE............. CA
Title II................. 7983600004 EST FIN SERVICES INC......... SOUTH GATE............. CA
Title II................. 1280200002 EXECUTIVE HOME LOAN INC...... SANTA ANA.............. CA
Title II................. 2115800006 EXPRESS FUNDING CORP......... PARMA HEIGHTS.......... OH
Title II................. 1385000006 FIDUCIAL LENDING CORPORATION. INDIANAPOLIS........... IN
Title II................. 7870900006 FIRST AMERICAN FUNDING INC... BALTIMORE.............. MD
Title II................. 1914600009 FIRST FUNDING MORTGAGE INC... YORBA LINDA............ CA
Title II................. 1787200005 FIRST INTERSTATE MORTGAGE.... AMERICAN FORK.......... UT
Title I.................. 7300600009 GOLD CROWN HOME LOANS INC.... GLENDALE............... CA
Title II................. 1239800004 GOLD CROWN HOME LOANS INC.... GLENDALE............... CA
Title II................. 2354200004 GOLDEN MORTGAGE FINANCIAL SAN JUAN............... PR
SERVICES.
Title II................. 1968200002 GREAT LAKES CREDIT UNION..... NORTH CHICAGO.......... IL
Title II................. 1223000000 GREATER ATLANTIC MORTGAGE VIENNA................. VA
CORP.
Title II................. 0322109994 GUARANTY LOAN AND REAL ESTATE WEST MEMPHIS........... AR
Title I.................. 7302100008 HEARTLAND FUNDING CORP....... SPRINGFIELD............ MO
Title II................. 2353500000 HILLMAN & REECE CORPORATION.. AURORA................. CO
Title II................. 1955200005 HOMELEND MORTGAGE COMPANY INC HOLLAND................ OH
Title II................. 1282600009 HOMESTEAD MORTGAGE CORP...... NORTH READING.......... MA
Title II................. 7660600008 IMPERIAL LENDERS CORPORATION. MIAMI.................. FL
Title II................. 1763900000 INTEGRITY MORTGAGE GROUP INC. HURST.................. TX
Title II................. 7931100006 INTERBANK MORTGAGE CORP...... HUNTINGTON BEACH....... CA
Title I.................. 7345700004 J J AND D FINANCIAL SERVICES BUENA PARK............. CA
INC.
Title II................. 1605300004 J J AND D FINANCIAL SERVICES BUENA PARK............. CA
INC.
Title I.................. 7363100004 JB MORTGAGE MARKET INC....... DUBLIN................. CA
Title II................. 1777500005 JB MORTGAGE MARKET INC....... DUBLIN................. CA
Title II................. 1909400001 JPO FUNDING INC.............. EULESS................. TX
[[Page 45260]]
Title II................. 1279400003 JT ENTERPRISES............... HUNTINGTON BEACH....... CA
Title II................. 1158800000 KERN CENTRAL CREDIT UNION.... BAKERSFIELD............ CA
Title II................. 1912300004 KNR MORTGAGE INC............. ALBUQUERQUE............ NM
Title II................. 7879700001 LAGUNA FUNDING CORPORATION... ONTARIO................ CA
Title II................. 7744400009 LEGACY FINANCIAL GROUP INC... ARLINGTON.............. TX
Title II................. 1661700001 LENDERS FINANCIAL MORTGAGE DAVIE.................. FL
CORP.
Title II................. 1894900004 MAIDSTONE MORTGAGE........... DOWNEY................. CA
Title II................. 7915200006 MAJOR MORTGAGE............... CHEYENNE............... WY
Title II................. 1641500003 MESA FINANCIAL INC........... ANAHEIM................ CA
Title II................. 7942100000 MILDOR CORPORATION........... VICTORIA............... TX
Title II................. 1600800007 MONEY TREE MORTGAGE BANKERS MIAMI.................. FL
USA INC.
Title II................. 7167700005 MONTICELLO BANK.............. JACKSONVILLE........... FL
Title II................. 1780600004 MURRAY MORTGAGE INCORPORATED. DALLAS................. TX
Title II................. 1430400000 NATIONS FUNDING GROUP........ ATLANTA................ GA
Title II................. 2335200004 NATIONS MORTGAGE CORPORATION. SALT LAKE CITY......... UT
Title II................. 2290900004 NATIONWIDE MORTGAGE GROUP INC SOUTHFIELD............. MI
Title II................. 1152300008 NATIONWIDE REALTY SERVICES SAN DIEGO.............. CA
INC.
Title II................. 7313700006 NORTH SUBURBAN MORTGAGE CORP. BROOMFIELD............. CO
Title II................. 1135500002 ODICO INC.................... LOS ANGELES............ CA
Title II................. 1256900002 PARK PLACE MORTGAGE CORP..... LIVONIA................ MI
Title II................. 2705009995 PHILADELPHIA FREEDOM CORP.... LAS VEGAS.............. NV
Title II................. 1340600007 PRIME EQUITY ACCESS CORP..... GRAND RAPIDS........... MI
Title II................. 2314300002 QUALIFIED MORTGAGE SOLUTIONS, PALM BEACH GARDENS..... FL
L.P..
Title II................. 2022700000 QUOTEMEARATE.COM............. HOUSTON................ TX
Title II................. 1657700001 R SANCHEZ FINANCIAL INC...... RANCHO CUCAMONGA....... CA
Title II................. 1336900006 REGENCY MORTGAGE CO.......... BIRMINGHAM............. AL
Title II................. 7520600001 REPUBLIC MORTGAGE CORPORATION TROY................... MI
Title I.................. 7177600009 SAN DIEGO SOUTHLAND EQUITIES SAN DIEGO.............. CA
LTD.
Title II................. 7811400009 SAN DIEGO SOUTHLAND EQUITIES SAN DIEGO.............. CA
LTD.
Title II................. 1120500002 SCOTT RESIDENTIAL SERVICES CITRUS HEIGHTS......... CA
INC.
Title II................. 2257500002 SFMCPS INC................... DURHAM................. NC
Title I.................. 7086600009 SHASTA FINANCIAL SERVICES INC ELK GROVE.............. CA
Title II................. 2343200000 SILVERSTONE MORTGAGE INC..... HOUSTON................ TX
Title II................. 1337500002 SIMPLICITY FUNDING INC....... DALLAS................. TX
Title II................. 7423200003 SMI SOUTHERN MORTGAGE INC.... BIRMINGHAM............. AL
Title II................. 1291000005 ST CLOUD MORTGAGE............ SANTA CLEMENTE......... CA
Title II................. 2229000006 STARMARK FINANCIAL LLC....... SOUTHFIELD............. MI
Title II................. 2079700006 STRATE FINANCIAL SERVICES LLC DENVER................. CO
Title II................. 1777400009 SUMMIT CAPITAL GROUP INC..... PACIFIC GROVE.......... CA
Title II................. 1187300004 SUPERIOR LENDING CORP........ PLANO.................. TX
Title II................. 1981200004 SUPERIOR MORTGAGE INC........ EDEN PRAIRIE........... MN
Title II................. 1789900004 TAILOR-MADE MORTGAGE CORP.... MENIFEE................ CA
Title II................. 7518300001 TRUST MORTGAGE COMPANY INC... WALTHAM................ MA
Title II................. 2274300008 UFS FINANCIAL GROUP INC...... DALLAS................. TX
Title II................. 1909800005 UNION MORTGAGE INC........... ARLINGTON.............. TX
Title I.................. 7082100004 UNIVERSAL SAVINGS BANK FA.... MILWAUKEE.............. WI
Title II................. 7182600009 VALLEY BANK MARYLAND......... HUNT VALLEY............ MD
Title I.................. 7198900008 VALLEYSOURCE MORTGAGE INC.... BAKERSFIELD............ CA
Title II................. 7882200000 VALLEYSOURCE MORTGAGE INC.... BAKERSFIELD............ CA
Title II................. 7373900007 VILLAGE ASSOCIATES MORTGAGE BIRMINGHAM............. MI
INC.
Title II................. 7849900009 VOYAGEUR FINANCIAL INC....... PRIOR LAKE............. MN
Title II................. 1987900009 WENTWORTH MORTGAGE PLYMOUTH............... MI
CORPORATION.
Title II................. 2330000000 WEST MICHIGAN MORTGAGE AND GRAND RAPIDS........... MI
FINANCIAL SER.
Title II................. 7207000003 WESTERN CAPITAL ASSOCIATES... SAN DIEGO.............. CA
----------------------------------------------------------------------------------------------------------------
Dated: August 3, 2007.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner, Chairman
Mortgagee Review Board.
[FR Doc. E7-15742 Filed 8-10-07; 8:45 am]
BILLING CODE 4210-67-P