Mortgagee Review Board; Administrative Actions, 70883-70885 [E7-24113]

Download as PDF Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices 70883 APPENDIX A.—EMERGENCY CAPITAL REPAIR GRANT AWARDEES FY 2007—Continued Name of owner/sponsor Name of development City State Number of units Dollar amount awarded Presbyterian Home at Plainfield, Inc. Barbara L. Andrews Memorial Housing Association. Overlook Senior Citizens Housing of Loudon Co., Inc. Plainfield Tower West. Andrews Way ........ Plainfield .......... NJ ........ 154 64,587 Raytown ........... MO ...... 10 6,000 Dogwood Terrace III. Lenoir City ........ TN ....... 20 83,461 Mercy Douglas Human Services Residence Corp. Mercy Douglas Residences. Philadelphia ..... PA ....... 61 489,752 Century Homes for Elderly, Inc ... Springbrook Apartments. Vonore ............. TN ....... 24 21,037 Beaches Elderly Housing Corporation. Schnurman House, Inc ................ Pablo Hamlet ......... Jacksonville Beach. Mayfield Heights. Gulfport ............ FL ........ 104 74,226 OH ....... 198 290,000 MS ....... 101 498,777 Saraland Manor Inc ..................... Schnurman House Apartments. Saraland Manor ..... Omni-Governor, Inc ..................... The Governor Apartments. Providence ....... RI ........ 57 425,327 Jewish Federation Housing, Inc .. Federation Towers Miami Beach .... FL ........ 114 402,900 Labelle Towers ............................ Labelle Towers ...... Highland Park .. MI ........ 214 338,657 Villa Del Sol Senior Housing, Inc Villa Del Sol Senior Housing. Sunland Park ... NM ...... 30 55,838 Chaparral Senior Housing, Inc .... Chaparral Senior Housing. Las Cruces ....... NM ...... 40 98,543 Elm Manor Homes, Inc ................ Elm Manor Homes Roanoke ........... VA ....... 23 284,854 Redeemer Lutheran Housing, Inc Luther Acres .......... Vineland ........... NJ ........ 100 421,646 [FR Doc. E7–24130 Filed 12–12–07; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5157–N–03] mstockstill on PROD1PC66 with NOTICES Mortgagee Review Board; Administrative Actions Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: SUMMARY: In compliance with Section 202(c) of the National Housing Act, this VerDate Aug<31>2005 17:10 Dec 12, 2007 Jkt 214001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 Repairs funded Replaced the existing two elevators. Replaced failing plumbing system. Repaired a water line, repaved the driveway, and replaced the air conditioning/heating systems. Replaced the deteriorating concrete slab and remediated soil conditions beneath the building. Replaced deteriorating and leaking roof system. Replaced deteriorating and leaking windows. Replaced the roofs. Replaced a fire alarm and emergency call system, replaced the roof condenser units and repaired the elevator doors. Refurbished the existing chimney, replaced roof tiles, and repointed the exterior wall surface. Replaced two malfunctioning elevator cars. Replaced a 35-year-old chiller. Repaved buckling pavement, repaired heaving sidewalks, and repaired failing storm drainage systems. Replaced faulty-inoperable windows, corrected flooding problems and repaired guttering systems on the roof. Replaced parts of an unreliable elevator, windows, the parapet cap, damaged vinyl siding, and failed retaining wall. Replaced an inoperable corridor ventilation system. notice advises of the cause and description of administrative actions taken by HUD’s Mortgagee Review Board against HUD-approved mortgagees. FOR FURTHER INFORMATION CONTACT: David E. Hintz, Secretary to the Mortgagee Review Board, 451 Seventh Street, Room B–133 Portals 200, SW., Washington, DC 20410–8000, telephone: (202) 708–3856, extension 3594. A Telecommunications Device for Hearing- and Speech-Impaired E:\FR\FM\13DEN1.SGM 13DEN1 70884 Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices 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), requires that HUD ‘‘publish a description of and the cause for administrative action against a HUDapproved mortgagee’’ by the Department’s Mortgagee Review Board (Board). In compliance with the requirements of Section 202(c)(5), this notice advises of administrative actions that have been taken by the Board from April 27, 2007 to August 31, 2007. SUPPLEMENTARY INFORMATION: 1. America’s Mortgage Resource, Metairie, LA [Docket No. 06–6031–MR] Action: Settlement Agreement signed August 24, 2007. Without admitting liability or fault, America’s Mortgage Resource agreed to pay HUD $64,000. America’s Mortgage Resource also agreed that it will not approve any HUD/FHA-insured mortgages in which the borrower is receiving a gift from a downpayment assistance provider unless that provider meets HUD’s existing requirements for gift donors, including obtaining 501(c)(3) status from the Internal Revenue Service. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the origination of HUD/FHA-insured loans where America’s Mortgage Resource: Failed to ensure that borrowers received gift funds from acceptable sources; and failed to adopt a Quality Control Plan in accordance with HUD/FHA requirements. mstockstill on PROD1PC66 with NOTICES 2. Aspen Home Loans, LC, American Fork, UT [Docket No. 06–6028–MR] Action: On August 16, 2007, the Board issued a letter to Aspen Home Loans, LC (Aspen) immediately withdrawing its HUD/FHA approval for five years. Cause: The Board took this action based on the following violations of HUD/FHA requirements where Aspen failed to comply with the Board’s directive. In a letter dated May 14, 2007, the Board put Aspen on a one year probation and imposed a $6,500 civil money penalty and, directed Aspen to: Provide the Board with Aspen’s Senior Management Quality Control reports performed for the preceding six months within thirty days of Aspen’s receipt of the Board’s Notice letter; a copy of Aspen’s current acceptable Quality Control Plan within fifteen days of the VerDate Aug<31>2005 17:10 Dec 12, 2007 Jkt 214001 Aspen’s receipt of the Board’s Notice letter; and, copies of Aspen’s Senior Management Quality Control reports for the following calendar year, completed quarterly, within thirty days of the end of each quarter. 3. Capital Mortgage Associates, LLC, North Haven, CT [Docket No. 07–7003– MR] Action: Settlement Agreement signed August 31, 2007. Without admitting liability or fault, Capital Mortgage Associates, LLC (Capital) agreed to make an administrative payment to HUD in the amount of $22,500. Capital also agreed to refund borrowers unallowable fees identified in two loans. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the origination of HUD/FHA-insured loans where Capital: Allowed an unapproved branch to originate HUD/FHA loans in violation of HUD/FHA requirements; failed to ensure that borrowers were not charged unallowable fees; and failed to adopt a Quality Control Plan in accordance with HUD/FHA requirements. 4. Citybank, Puyallup, WA [Docket No. 07–7013–MR] Action: Settlement Agreement signed August 14, 2007. Without admitting liability or fault, Citybank agreed to waive all insurance benefits or indemnify HUD on two loans. Citybank also agreed to pay HUD an administrative payment in the amount of $17,500. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the origination of HUD/FHA-insured loans where Citybank: Failed to verify the source of funds for a gift used by the borrower to meet his/her minimum investment; failed to ensure that borrowers met minimum credit requirements; and failed to reconcile discrepancies in appraisals and/or accepted incomplete appraisal reports. 5. Davis-Penn Mortgage Company, Houston, TX [Docket No. 07–7005–MR] Action: Settlement Agreement signed May 15, 2007. Without admitting liability or fault, Davis-Penn Mortgage Company (Davis-Penn) agreed to pay HUD an administrative payment in the amount of $83,000. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the servicing of HUD/FHA-insured loans where Davis-Penn: Failed to report default on two multifamily insured mortgage loans; and failed to elect to assign two PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 multifamily insured mortgage loans that were in default. 6. Mac-Clair Mortgage Corporation, Flint, MI [Docket No. 07–7017–MR] Action: Settlement Agreement signed August 31, 2007. Without admitting wrongdoing or fault, Mac-Clair Mortgage Corporation (Mac-Clair) agreed to pay HUD an administrative payment in the amount of $10,000. Mac-Clair also agreed to pay the entire debt owed to HUD on five Settlement Agreements in the amount of $915,627. Cause: The Board took this action because Mac-Clair failed to comply with the terms of the five Settlement Agreements. 7. Pennsylvania Housing Finance Agency, Harrisburg, PA [Docket No. 06– 6022–MR] Action: Settlement Agreement signed May 29, 2007. Without admitting liability or fault, Pennsylvania Housing Finance Agency (PHFA) agreed to pay HUD an administrative payment in the amount of $23,000. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the servicing of HUD/FHA-insured loans where the PHFA: Failed to report a default in one multifamily insured mortgage loan in accordance with HUD/FHA requirements; failed to timely elect whether to assign the multifamily insured mortgage loan that was in default; and failed to assign the mortgage to HUD within 30 days from the date of the election to assign the mortgage to HUD. 8. Synergy Mortgage Corporation, Waco, TX [Docket No. 06–6021–MR] Action: Settlement Agreement signed August 14, 2007. Without admitting liability or fault, Synergy Mortgage Corporation (Synergy) agreed to pay HUD an administrative payment in the amount of $410,000. Synergy also agreed that Synergy, Synergy Bank and Premier Bancshares, Inc., and any existing or newly created subsidiaries or affiliates of these entities shall not seek HUD/FHA approval as mortgagee for a period of five years from the effective date of the Settlement Agreement. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the origination of HUD/FHA-insured loans where Synergy: Failed to properly document, and calculate income; omitted and understated liabilities for loan qualification; failed to properly verify the source and adequacy of funds for the borrower’s minimum required investment; failed to ensure property E:\FR\FM\13DEN1.SGM 13DEN1 Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices eligibility for HUD/FHA mortgage insurance; closed loans in excess of the maximum allowable amount by failing to consider inducements to purchase in computing the mortgage amount and failing to resolve conflicting information regarding the sales price; and approved a mortgage loan with an excessive debt to income ratio without adequate compensating factors. 9. Tranah Asset Management Corporation, San Antonio, TX [Docket No. 06–6030–MR] Action: Settlement Agreement signed April 27, 2007. Without admitting liability or fault, Tranah Asset Management Corporation (Tranah) agreed to pay HUD an administrative payment in the amount of $45,000. Cause: The Board took this action based on the following violation of HUD/FHA requirements in the origination of HUD/FHA-insured loans where Tranah permitted a debarred mortgagee to participate in the HUD/ FHA mortgage insurance program. mstockstill on PROD1PC66 with NOTICES 10. Wall Street Financial Corporation, Fairfield, NJ [Docket No. 04–4264–MR] Action: Settlement Agreement signed May 17, 2007. Without admitting liability or fault, Wall Street Financial Corporation (Wall Street) agreed to pay HUD an administrative payment in the amount of $19,500. Wall Street also agreed to refund unallowable fees identified in 50 loans to mortgagors within 30 days of the effective date of the Settlement Agreement. Cause: The Board took this action based on the following violations of HUD/FHA requirements in the origination of HUD/FHA-insured loans where Wall Street: Approved mortgages with debt-to-income ratios that exceeded HUD/FHA standards without adequate compensating factors in nine mortgages; failed to adequately document the source of funds used for the downpayment or closing costs in one mortgage; failed to ensure that borrowers whom Wall Street charged a VerDate Aug<31>2005 17:10 Dec 12, 2007 Jkt 214001 commitment fee, executed a Commitment Agreement guaranteeing discount points and/or interest rates at least fifteen days prior to closing; and charged unallowable fees for title review by an attorney, and/or overcharged for obtaining credit reports. Dated: December 6, 2007. Brian D. Montgomery, Assistant Secretary for Housing—Federal, Housing Commissioner. [FR Doc. E7–24113 Filed 12–12–07; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service Endangered and Threatened Wildlife and Plants; Permits Fish and Wildlife Service, Interior. ACTION: Notice of Issuance of Enhancement of Survival and Incidental Take Permits. AGENCY: SUMMARY: Between June 1, 2005, and September 30, 2007, the Pacific Region of the Fish and Wildlife Service (Service) issued 18 permits for enhancement of survival or incidental take of threatened and endangered species. These permits were issued pursuant to sections 10(a)(1)(A) and 10(a)(1)(B) of the Endangered Species Act of 1973, as amended (Act). Copies of the permits and associated decision documents are available upon request. ADDRESSES: Documents are available from the U.S. Fish and Wildlife Service, 911 NE., 11th Avenue, Portland, Oregon 97232; facsimile (503) 231–6243. Charges for copying, shipping and handling may apply. FOR FURTHER INFORMATION CONTACT: Please contact Shelly Sizemore, Administrative Assistant, at the above address and facsimile number or by telephone at (503) 231–2194. SUPPLEMENTARY INFORMATION: Section 9 of the Act (16 U.S.C. 1531 et seq.) and PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 70885 its implementing regulations prohibit the take of wildlife species listed as endangered or threatened. The term ‘‘take’’ means to harass, harm, pursue, hunt, shoot, wound, kill, trap, capture, or collect listed wildlife, or to attempt to engage in any such conduct. We may, under limited circumstances, issue permits to authorize take that is incidental to, and not the purpose of, carrying out an otherwise lawful activity. Regulations governing permits for threatened and endangered species are found at 50 CFR 17.32 and 17.22. Although not required by law or regulation, it is our regional policy to notify the public of permits issued for enhancement of survival or incidental take under Habitat Conservation Plans, Safe Harbor Agreements, or Candidate Conservation Agreements with Assurances. Within the Pacific Region of the Service, between June 1, 2005, and September 30, 2007, we issued 15 permits for enhancement of survival and 3 permits for incidental take of threatened and endangered species subject to certain conditions set forth therein, pursuant to sections 10(a)(1)(A) and 10(a)(1)(B) of the Act. The enhancement of survival permits are associated with Safe Harbor Agreements or Candidate Conservation Agreements with Assurances. The incidental take permits are associated with Habitat Conservation Plans. We issued each permit after determining that: (1) The permit application was submitted in good faith; (2) all permit issuance criteria were met, including the requirement that granting the permit will not jeopardize the continued existence of listed species; and (3) the permit was consistent with the purposes and policy set forth in the Act and applicable regulations, including a thorough review of the environmental effects of the action and alternatives pursuant to the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.). E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 72, Number 239 (Thursday, December 13, 2007)]
[Notices]
[Pages 70883-70885]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24113]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5157-N-03]


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, 
this notice advises of the cause and description of administrative 
actions taken by HUD's Mortgagee Review Board against HUD-approved 
mortgagees.

FOR FURTHER INFORMATION CONTACT: David E. Hintz, Secretary to the 
Mortgagee Review Board, 451 Seventh Street, Room B-133 Portals 200, 
SW., Washington, DC 20410-8000, telephone: (202) 708-3856, extension 
3594. A Telecommunications Device for Hearing- and Speech-Impaired

[[Page 70884]]

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), requires that HUD ``publish a description of and the cause for 
administrative action against a HUD-approved mortgagee'' by the 
Department's Mortgagee Review Board (Board). In compliance with the 
requirements of Section 202(c)(5), this notice advises of 
administrative actions that have been taken by the Board from April 27, 
2007 to August 31, 2007.

1. America's Mortgage Resource, Metairie, LA [Docket No. 06-6031-MR]

    Action: Settlement Agreement signed August 24, 2007. Without 
admitting liability or fault, America's Mortgage Resource agreed to pay 
HUD $64,000. America's Mortgage Resource also agreed that it will not 
approve any HUD/FHA-insured mortgages in which the borrower is 
receiving a gift from a downpayment assistance provider unless that 
provider meets HUD's existing requirements for gift donors, including 
obtaining 501(c)(3) status from the Internal Revenue Service.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where America's Mortgage Resource: Failed to ensure that borrowers 
received gift funds from acceptable sources; and failed to adopt a 
Quality Control Plan in accordance with HUD/FHA requirements.

2. Aspen Home Loans, LC, American Fork, UT [Docket No. 06-6028-MR]

    Action: On August 16, 2007, the Board issued a letter to Aspen Home 
Loans, LC (Aspen) immediately withdrawing its HUD/FHA approval for five 
years.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements where Aspen failed to comply with the Board's 
directive. In a letter dated May 14, 2007, the Board put Aspen on a one 
year probation and imposed a $6,500 civil money penalty and, directed 
Aspen to: Provide the Board with Aspen's Senior Management Quality 
Control reports performed for the preceding six months within thirty 
days of Aspen's receipt of the Board's Notice letter; a copy of Aspen's 
current acceptable Quality Control Plan within fifteen days of the 
Aspen's receipt of the Board's Notice letter; and, copies of Aspen's 
Senior Management Quality Control reports for the following calendar 
year, completed quarterly, within thirty days of the end of each 
quarter.

3. Capital Mortgage Associates, LLC, North Haven, CT [Docket No. 07-
7003-MR]

    Action: Settlement Agreement signed August 31, 2007. Without 
admitting liability or fault, Capital Mortgage Associates, LLC 
(Capital) agreed to make an administrative payment to HUD in the amount 
of $22,500. Capital also agreed to refund borrowers unallowable fees 
identified in two loans.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where Capital: Allowed an unapproved branch to originate HUD/FHA loans 
in violation of HUD/FHA requirements; failed to ensure that borrowers 
were not charged unallowable fees; and failed to adopt a Quality 
Control Plan in accordance with HUD/FHA requirements.

4. Citybank, Puyallup, WA [Docket No. 07-7013-MR]

    Action: Settlement Agreement signed August 14, 2007. Without 
admitting liability or fault, Citybank agreed to waive all insurance 
benefits or indemnify HUD on two loans. Citybank also agreed to pay HUD 
an administrative payment in the amount of $17,500.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where Citybank: Failed to verify the source of funds for a gift used by 
the borrower to meet his/her minimum investment; failed to ensure that 
borrowers met minimum credit requirements; and failed to reconcile 
discrepancies in appraisals and/or accepted incomplete appraisal 
reports.

5. Davis-Penn Mortgage Company, Houston, TX [Docket No. 07-7005-MR]

    Action: Settlement Agreement signed May 15, 2007. Without admitting 
liability or fault, Davis-Penn Mortgage Company (Davis-Penn) agreed to 
pay HUD an administrative payment in the amount of $83,000.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the servicing of HUD/FHA-insured loans where 
Davis-Penn: Failed to report default on two multifamily insured 
mortgage loans; and failed to elect to assign two multifamily insured 
mortgage loans that were in default.

6. Mac-Clair Mortgage Corporation, Flint, MI [Docket No. 07-7017-MR]

    Action: Settlement Agreement signed August 31, 2007. Without 
admitting wrongdoing or fault, Mac-Clair Mortgage Corporation (Mac-
Clair) agreed to pay HUD an administrative payment in the amount of 
$10,000. Mac-Clair also agreed to pay the entire debt owed to HUD on 
five Settlement Agreements in the amount of $915,627.
    Cause: The Board took this action because Mac-Clair failed to 
comply with the terms of the five Settlement Agreements.

7. Pennsylvania Housing Finance Agency, Harrisburg, PA [Docket No. 06-
6022-MR]

    Action: Settlement Agreement signed May 29, 2007. Without admitting 
liability or fault, Pennsylvania Housing Finance Agency (PHFA) agreed 
to pay HUD an administrative payment in the amount of $23,000.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the servicing of HUD/FHA-insured loans where 
the PHFA: Failed to report a default in one multifamily insured 
mortgage loan in accordance with HUD/FHA requirements; failed to timely 
elect whether to assign the multifamily insured mortgage loan that was 
in default; and failed to assign the mortgage to HUD within 30 days 
from the date of the election to assign the mortgage to HUD.

8. Synergy Mortgage Corporation, Waco, TX [Docket No. 06-6021-MR]

    Action: Settlement Agreement signed August 14, 2007. Without 
admitting liability or fault, Synergy Mortgage Corporation (Synergy) 
agreed to pay HUD an administrative payment in the amount of $410,000. 
Synergy also agreed that Synergy, Synergy Bank and Premier Bancshares, 
Inc., and any existing or newly created subsidiaries or affiliates of 
these entities shall not seek HUD/FHA approval as mortgagee for a 
period of five years from the effective date of the Settlement 
Agreement.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where Synergy: Failed to properly document, and calculate income; 
omitted and understated liabilities for loan qualification; failed to 
properly verify the source and adequacy of funds for the borrower's 
minimum required investment; failed to ensure property

[[Page 70885]]

eligibility for HUD/FHA mortgage insurance; closed loans in excess of 
the maximum allowable amount by failing to consider inducements to 
purchase in computing the mortgage amount and failing to resolve 
conflicting information regarding the sales price; and approved a 
mortgage loan with an excessive debt to income ratio without adequate 
compensating factors.

9. Tranah Asset Management Corporation, San Antonio, TX [Docket No. 06-
6030-MR]

    Action: Settlement Agreement signed April 27, 2007. Without 
admitting liability or fault, Tranah Asset Management Corporation 
(Tranah) agreed to pay HUD an administrative payment in the amount of 
$45,000.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where Tranah permitted a debarred mortgagee to participate in the HUD/
FHA mortgage insurance program.

10. Wall Street Financial Corporation, Fairfield, NJ [Docket No. 04-
4264-MR]

    Action: Settlement Agreement signed May 17, 2007. Without admitting 
liability or fault, Wall Street Financial Corporation (Wall Street) 
agreed to pay HUD an administrative payment in the amount of $19,500. 
Wall Street also agreed to refund unallowable fees identified in 50 
loans to mortgagors within 30 days of the effective date of the 
Settlement Agreement.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements in the origination of HUD/FHA-insured loans 
where Wall Street: Approved mortgages with debt-to-income ratios that 
exceeded HUD/FHA standards without adequate compensating factors in 
nine mortgages; failed to adequately document the source of funds used 
for the downpayment or closing costs in one mortgage; failed to ensure 
that borrowers whom Wall Street charged a commitment fee, executed a 
Commitment Agreement guaranteeing discount points and/or interest rates 
at least fifteen days prior to closing; and charged unallowable fees 
for title review by an attorney, and/or overcharged for obtaining 
credit reports.

    Dated: December 6, 2007.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal, Housing Commissioner.
[FR Doc. E7-24113 Filed 12-12-07; 8:45 am]
BILLING CODE 4210-67-P