Mortgagee Review Board: Administrative Actions, 45594-45599 [2011-19293]
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Federal Register / Vol. 76, No. 146 / Friday, July 29, 2011 / Notices
disclose all charges to borrowers on the
Good Faith Estimates; and submitted a
false certification to HUD on its Title II
annual Verification Report.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5551–N–01]
Mortgagee Review Board:
Administrative Actions
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
In compliance with Section
202(c)(5) of the National Housing Act,
this notice advises of the cause and
describes the administrative actions
taken by HUD’s Mortgagee Review
Board against HUD-approved
mortgagees.
FOR FURTHER INFORMATION CONTACT:
Nancy A. Murray, Secretary to the
Mortgagee Review Board, Department of
Housing and Urban Development, 451
7th Street, SW., Room B–133/3150,
Washington, DC 20410–8000; telephone
202–708–2224 (this is not a toll-free
number). Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Information Service at 800–
877–8339.
SUPPLEMENTARY INFORMATION: Section
202(c)(5) of the National Housing Act
(12 U.S.C. 1708(c)(5)), 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 actions that have been
taken by the Board from October 23,
2009, to February 7, 2011.
SUMMARY:
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I. Settlement Agreements, Civil Money
Penalties, Withdrawals of Federal
Housing Administration (FHA)
Approval, Suspensions, Probations,
Reprimands, and Administrative
Payments
1. 1st Continental Mortgage, Inc., Ft.
Lauderdale, FL [Docket No. 10–1682–
MR]
Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action permanently withdrawing the
FHA approval of 1st Continental
Mortgage, Inc. (‘‘1st Continental’’).
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: 1st Continental failed to maintain
and implement a Quality Control
(‘‘QC’’) Plan; failed to implement and
follow HUD/FHA’s Home Equity
Conversion Mortgage (HECM) program
requirements; charged borrowers
excessive and duplicative fees; failed to
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and failed to ensure that properties
located in Special Flood Hazard Areas
were properly covered with flood
insurance.
2. Action Mortgage Corporation,
Cranston, RI [Docket No. 10–1855–MR]
Action: On August 23, 2010, the
Board issued a Notice of Administrative
Action immediately suspending the
FHA approval of Action Mortgage
Corporation (‘‘AMC’’) pending the
completion of an investigation by the
Office of Inspector General and my
resulting legal proceedings.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: AMC failed to timely notify HUD
that one of its officers had been indicted
for an offense that reflected upon AMC’s
responsibility and integrity and its
ability to participate in HUD programs;
and AMC failed to timely notify HUD
that the State of Rhode Island
suspended its mortgage origination
license.
4. Allied Home Mortgage Corporation,
Houston, Texas [Docket No. 10–1709–
MR]
3. Alacrity Lending Company,
Southlake, TX [Docket No. 09–9912]
Action: On January 10, 2011, the
Board entered into a settlement
agreement with Alacrity Lending
Company (‘‘Alacrity’’) pursuant to
which the Board withdrew Alacrity’s
FHA Approval for a period of three
years and conditioned Alacrity’s future
ability to participate in FHA programs
upon HUD’s approval of a new
application for FHA approval, and
Alacrity, without admitting fault or
liability, agreed to pay a civil money
penalty in the amount of $237,500.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Alacrity failed to implement a QC
Plan in compliance with HUD/FHA
requirements; failed to provide a
disclosure of a Controlled Business
Arrangement when a settlement service
provider was involved in the loan
transaction with whom the lender had
an ownership or other beneficial
interest; failed to report serious
violations identified during a QC
review; failed to ensure that HUD/FHA’s
Construction-Permanent Mortgage
Program requirements were met; failed
to ensure that maximum mortgage
amounts were properly calculated,
resulting in over-insured mortgages;
failed to ensure that there were no
discrepancies between disbursements
and/or sales prices on HUD–1
settlement statements or documents
used to calculate loan amounts; failed to
ensure that appraisal report findings
were consistent or otherwise acceptable;
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Action: On October 20, 2010, the
Board entered into a settlement
agreement with Allied Home Mortgage
Corporation (‘‘AHMC’’) that required
AHMC, without admitting fault or
liability, to pay a civil money penalty in
the amount of $46,000; to curtail the
principal balance on one loan by the
amount of $1,210; to refund $1,495 of
fees to two borrowers; to pay the
amount of $57,442.23 to indemnify
HUD for losses incurred in connection
with one loan; and to indemnify HUD
for a period of five years for any losses
that it may incur in connection with five
loans.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: AHMC approved loans with debtto-income ratios that exceeded HUD/
FHA standards without significant
compensating factors; failed to properly
calculate and/or document the income
used to qualify borrowers; improperly
omitted recurring liabilities from
underwriting analyses; failed to
properly document the source of gift
funds or assets; failed to ensure that the
maximum insured mortgage amount
was properly calculated, resulting in an
over-insured mortgage; charged
unallowable fees to mortgagors and
collected processing fees from
borrowers which it then paid directly to
a contract processing company; and
intermingled its business processes with
those of Allied Home Mortgage Capital
Corporation in violation of HUD/FHA
requirements for a clear and effective
separation of the two companies.
5. Allied Home Mortgage Capital
Corporation, Houston, Texas [Docket
No. 10–1961–MR]
Action: On September 2, 2010, the
Board entered into a settlement
agreement with Allied Home Mortgage
Capital Corporation (‘‘Allied’’) that
required Allied to pay a civil money
penalty in the amount of $38,000
without admitting fault or liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Allied failed to pay the required
core operating costs for its branch
offices.
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6. Amarillo National Bank, Amarillo,
TX [Docket No. 10–1928–MR]
Action: On December 28, 2010, the
Board entered into a settlement
agreement with Amarillo National Bank
(‘‘Amarillo’’) that required Amarillo to
pay a civil money penalty in the amount
of $13,600 without admitting fault or
liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Amarillo failed to include
mandatory elements in its adopted QC
Plan; failed to conduct mandatory QC
servicing reviews; failed to timely notify
HUD of changes in the mortgagor and/
or servicer of FHA-insured loans; failed
to timely notify HUD and terminate
insurance after FHA-insured loans were
paid in full; and failed to properly
report loan statuses and reasons for
default into HUD’s Single Family
Default Monitoring System.
7. American Mortgage Group, Inc.,
Anthem, AZ [Docket No. 10–0010–MR]
Action: On November 1, 2010, the
Board issued a Notice of Administrative
Action withdrawing the FHA approval
of American Mortgage Group, Inc.
(‘‘AMG’’) for one year.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: AMG failed to notify HUD within
ten days of its entrance into two consent
orders with the State of Arizona,
Department of Financial Institutions,
and failed to notify HUD of changes to
its contact information.
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8. Bernard Mortgage Corporation,
Chicago, IL [Docket No. 10–2001–MR]
Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action withdrawing the FHA approval
of Bernard Mortgage Corporation
(‘‘BMC’’) for one year.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: BMC failed to notify HUD within
ten days of changes affecting its
standing as an approved institution.
9. Cambridge Home Capital, LLC, Great
Neck, NY [Docket No. 10–1806–MR]
Action: On December 10, 2010, the
Board issued a Notice of Administrative
Action permanently withdrawing the
FHA approval of Cambridge Home
Capital, LLC (‘‘Cambridge’’), and
imposing civil money penalties against
Cambridge in the amount of $182,000.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Cambridge failed to maintain and
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implement a QC Plan in accordance
with HUD/FHA requirements; failed to
adequately document the stability and/
or source of income used to qualify
borrowers; approved loans with ratios
that exceeded HUD/FHA requirements
without significant compensating
factors; and used conflicting
information in originating loans and
obtaining HUD/FHA mortgage
insurance.
10. Catalyst Lending, Inc., Greenwood
Village, CO [Docket No. 10–1797–MR]
Action: On November 17, 2010, the
Board entered into a settlement
agreement with Catalyst Lending, Inc.
(‘‘Catalyst’’) that required Catalyst to
pay a civil money penalty in the amount
of $50,000 without admitting fault or
liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Catalyst violated HUD/FHA
requirements for a clear and effective
separation of two mortgage companies;
submitted false certifications to HUD in
connection with transactions in which
Catalyst allowed non-employees to
originate FHA loans; violated HUD/FHA
minimum staffing requirements by
allowing one of its branch offices to
operate without a branch manager;
implemented a written employee policy
and executed contractual agreements
that violated HUD/FHA requirements;
processed a HECM loan prior to the
borrower’s receipt of HECM counseling;
and charged unallowable, unearned
and/or unsupported fees.
11. Community Lender, Inc., Boise, ID
[Docket No. 09–9843–MRT]
Action: On October 30, 2009, the
Board issued a Letter of Reprimand to
Community Lender, Inc. (‘‘CLI’’).
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: CLI failed to notify HUD that the
Idaho Department of Finance revoked
CLI’s lender license.
12. DAS Acquisition, LLC, St. Louis,
Missouri [Docket No.10–1925–MR]
Action: On November 8, 2010, the
Board entered into a Settlement
Agreement with DAS Acquisition, LLC
(‘‘DAS’’) that required DAS to pay a
civil money penalty in the amount of
$100,000 without admitting fault or
liability. The Board also issued DAS a
Letter of Reprimand.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: DAS failed to file Home Mortgage
Disclosure Act (‘‘HMDA’’) and
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Regulation C-compliant reports for
calendar years 2005, 2006, and 2007.
13. Equitable Trust Mortgage
Corporation, Baltimore, MD [Docket No.
09–9604–MR]
Action: On September 30, 2010, the
Board issued a Notice of Administrative
Action immediately withdrawing the
FHA approval of Equitable Trust
Mortgage Corporation (‘‘Equitable’’) for
a period of five years.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Equitable failed to comply with
the terms of a settlement agreement
entered into with HUD on December 14,
2009, and amended on March 17, 2010.
14. First Ohio Banc and Lending, Inc.,
Independence, MO [Docket No. 09–
9599–MR]
Action: On October 8, 2010, the Board
entered into a settlement agreement
with First Ohio Banc and Lending, Inc.
(‘‘First Ohio’’) that required First Ohio
to pay a civil money penalty in the
amount of $12,000 without admitting
fault or liability.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: First Ohio failed to ensure that
loan applications were processed by
authorized employees who worked
exclusively for First Ohio.
15. Golden First Mortgage Corporation,
Great Neck, NY [Docket No. 10–1927–
MR]
Action: On August 13, 2010, the
Board issued a Notice of Administrative
Action immediately and permanently
withdrawing the FHA approval of
Golden First Mortgage Corporation
(‘‘Golden First’’).
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: Golden First failed to notify HUD
that it voluntarily surrendered its state
license to originate mortgages and that
one of its officers agreed to pay a civil
money penalty in the amount of fiftythousand dollars ($50,000) to resolve a
matter with the Office of Thrift
Supervision (OTS).
16. Guild Mortgage Company, San
Diego, CA [Docket No.10–1678–MR]
Action: On October 8, 2010, the Board
entered into a settlement agreement
with Guild Mortgage Company
(‘‘Guild’’) that required Guild to pay a
civil money penalty in the amount of
$123,000 without admitting fault or
liability.
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Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Guild failed to notify HUD within
fifteen days of the termination of
contracts for mortgage insurance and
failed to timely remit mortgage
insurance premiums.
down an over-insured mortgage in the
amount of $6,353.04.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: New England approved a loan
that exceeded HUD’s maximum
mortgage amount.
17. Hartland Mortgage Centers, Inc.,
Woodbridge, IL [Docket No. 10–1823–
MR]
21. RSA Financial Inc., Atlanta, GA
[Docket No. 10–1037–MR]
Action: On March 29, 2010, the Board
issued a Notice of Administrative
Action immediately and permanently
withdrawing the FHA approval of RSA
Financial (RSA). RSA appealed this
action, and on June 22, 2010, RSA
entered into a settlement agreement
with the Board under which RSA
accepted its immediate and permanent
withdrawal.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: RSA failed to comply with a
condition of its FHA approval and
submitted false and misleading
information to HUD in connection with
its application for FHA approval.
Action: On December 28, 2010, the
Board entered into a settlement
agreement with Hartland Mortgage
Centers, Inc. (‘‘Hartland’’) that required
Hartland to pay a civil money penalty
in the amount of $7,500 without
admitting fault or liability.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: Hartland distributed an
advertisement that misrepresented
HUD/FHA’s HECM program
requirements in a mailer envelope that
simulated a government form.
18. KRK Financial Services, Inc.,
Chicago, IL [Docket No. 09–9158–MR]
Action: On December 23, 2010, the
Board issued a Notice of Administrative
Action withdrawing the FHA approval
of KRK Financial Services, Inc. (‘‘KRK’’)
for a period of one year.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: KRK failed to notify HUD that the
Illinois Department of Financial and
Professional Regulation, Division of
Banking, revoked its license and
assessed it a fine of $100,000.
19. Mortgage Line Financial Corp.,
Woodbury, NY [Docket No. 10–1968–
MR]
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Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action withdrawing the FHA approval
of Mortgage Line Financial Corp.
(‘‘MLFC’’) for one year.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: MLFC failed to notify HUD that it
ceased its business operations.
20. New England Regional Mortgage
Corporation, Salem, New Hampshire
[Docket No. 10–1636–MR]
Action: On October 18, 2010, the
Board entered into a settlement
agreement with New England Regional
Mortgage Corporation (‘‘New England’’)
that required New England, without
admitting fault or liability, to pay a civil
money penalty of $3,500 and to buy
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22. Somerset Investors Corporation,
Melville, NY [Docket No. 10–1706–MR]
Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action permanently withdrawing the
FHA approval of Somerset Investors
Corporation (‘‘Somerset’’).
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Somerset approved loans that did
not meet HUD/FHA’s minimum credit
requirements; failed to adequately
document the income used to qualify
the borrower; used conflicting
information in originating and obtaining
HUD/FHA mortgage insurance; failed to
document the source of funds used for
the down payment and/or closing costs;
approved loans with debt-to-income
ratios that exceeded HUD/FHA
standards without significant
compensating factors; omitted liabilities
from the underwriting analysis without
adequate documentation; charged
borrowers unallowable fees; and failed
to timely notify HUD of a state sanction.
23. Taylor, Bean & Whitaker Mortgage
Corp., Ocala, FL [Docket No. 09–9607–
MR]
Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action permanently withdrawing the
FHA approval of Taylor, Bean &
Whitaker Mortgage Corp. (‘‘TBW’’).
TBW consented to the permanent
withdrawal of its FHA approval,
without admitting or denying the
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Board’s factual allegations, under the
terms of a Consent Order entered into
with HUD on February 7, 2011.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: TBW failed to place delinquent
borrowers in the correct loss mitigation/
disposition options; failed to analyze
borrowers for loss mitigation in a timely
manner; failed to perform management/
foreclosure reviews; failed to input
accurate codes into HUD/FHA’s Single
Family Default Monitoring System;
failed to foreclose on properties in
accordance with HUD/FHA guidelines;
failed to maintain and implement a QC
plan in compliance with HUD/FHA
requirements; failed to ensure QC
reviews were completed for early
payment defaults; used falsified
information in originating and/or
underwriting and obtaining HUD/FHA
mortgage insurance; failed to prevent
documents used to verify credit and
income from passing through the hands
of interested third parties; failed to
address deficient underwriting and/or
document data analysis; engaged in a
prohibited branch arrangement by
allowing a separate mortgage company
to function as a branch office; exceeded
HUD/FHA’s limitations when
calculating the maximum insurable
mortgage; approved loans with
underwriting ratios that exceeded HUD/
FHA standards without significant
compensating factors; failed to
adequately document a stable two-year
employment history or other forms of
effective income; failed to meet the
minimum credit requirements for FHA
insured loans; failed to adequately
document the source of funds used to
process and close loans; failed to
reconcile discrepancies found in
appraisal documents and/or provide
documentation required for loan
eligibility; failed to ensure that loans
met the eligibility requirements for
HUD/FHA mortgage insurance; failed to
ensure 203(k) loan program
requirements were met; failed to ensure
that documents were not signed in
blank; failed to ensure that borrowers
were only charged permissible fees;
failed to disclose the amount of the
Yield Spread Premium on the Good
Faith Estimate; failed to prevent nonemployees from originating and/or
processing HUD/FHA loans; failed to
ensure that loans closed in the name of
the FHA-approved principal; failed to
ensure that the program requirements
for the Construction-Permanent
Mortgage program were met; failed to
uphold its agreement with HUD to only
originate direct mortgages through its
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direct lending branch; failed to provide
HUD with loan documents upon
request; and failed to ensure the data
integrity of the information entered into
the FHA Connection.
24. Vanderbilt Mortgage and Finance,
Inc., Maryville, TN [Docket No. 10–
1878–MR]
Action: On August 18, 2010, the
Board entered into a settlement
agreement with Vanderbilt Mortgage
and Finance, Inc. (‘‘Vanderbilt’’) that
required Vanderbilt to pay a civil money
penalty of $15,000 without admitting
fault or liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Vanderbilt submitted false
certifications to HUD on its electronic
Annual Certifications, and failed to
notify HUD that it had entered into a
Settlement Agreement and Consent to
Entry of a Consent Order with the North
Carolina Office of the Commissioner of
Banks.
25. WCS Lending, LLC, Boca Raton, FL
[Docket No. 10–1964–MR]
Action: On September 2, 2010, the
Board entered into a settlement
agreement with WCS Lending, LLC
(‘‘WCS’’) that required WCS to pay a
civil money penalty of $3,500 without
admitting fault or liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: WCS posted the HUD seal on a
Web site maintained by a loan officer,
and failed to register a branch office.
26. Windsor Capital Mortgage
Corporation, San Diego, CA
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Action: On October 28, 2010, the
Board issued a Notice of Administrative
Action withdrawing the FHA approval
of Windsor Capital Mortgage
Corporation (‘‘WCMC’’) for one year.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: WCMC failed to timely notify
HUD that it entered into a Consent
Order with the State of Arizona that
contained sanctions and violations
against WCMC, and failed to notify HUD
of reportable business changes.
II. Lenders That Failed To Meet
Requirements for Annual
Recertification of HUD/FHA Approval
Action: The Board voted to withdraw
FHA approval for each of the lenders
listed below.
Cause: The Board took this action
because the lenders were not in
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compliance with HUD’s annual
recertification requirements.
1. Advanced Funding Associates, Inc.,
Atlanta, GA.
2. Affiliated Mortgage Company,
Tavares, FL.
3. Affinity Lending Group, LLC,
Shreveport, LA.
4. Allstate Lending Group, Inc.,
Monterey Park, CA.
5. Alpine Financial & Mortgage
Services Inc., Coral Springs, FL.
6. America Mortgage Center, LLC,
Saint Cloud, FL.
7. America’s Advantage Mortgage,
Orland Park, IL.
8. America’s Credit Union FCU, Fort
Lewis, WA.
9. American Capital Financial Trading
Corporation, Weston, FL.
10. American Frontier Financial
Group, Pasadena, CA.
11. American Lending Group, Inc., St.
Peters, MO.
12. AMEX Home Mortgage
Corporation, Middleton, MA.
13. Best Home Loan, Inc.,
Jacksonville, FL.
14. Brian Butler Ventures, Inc.,
Houston, TX.
15. Bridgeline Capital Group, Inc.,
San Francisco, CA.
16. California Mortgage Advisory
Corporation, Santa Ana, CA.
17. Centurion Funding Corporation
America, Avon, MA.
18. Certified Home Loans of Florida,
Inc., Miami, FL.
19. Citizens Mortgage Corporation,
Waco, TX.
20. Clayton Peters & Associates,
Baltimore, MD.
21. CMLC Funding, Inc., Menomonee
Falls, WI.
22. Colonial Mortgage Corporation,
Jericho, NY.
23. Community Development Bank,
Ogema, MN.
24. Community Home Loans of
America, LLC, Somerset, NJ.
25. Custom Mortgage, LLC, Arlington
Heights, IL.
26. D & A Services Inc., Radcliff, KY.
27. Diamond Funding Corporation,
Milford, MA.
28. Direct Home Mortgage Co.,
Warwick, RI.
29. Dreamerica Mortgage, Inc.,
Geneva, IL.
30. Drimslo Mortgage Corporation,
Arlington, TX.
31. DSG Enterprises, LTD,
Philadelphia, PA.
32. Elite Service Company Inc.,
Hixson, TN.
33. Enfinger Enterprise, Columbus,
GA.
34. Epix Funding Group, Inc.,
Brandon, FL.
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35. Equity United Mortgage
Corporation, Ellicott City, MD.
36. FFA Mortgage Corporation, Tulsa,
OK.
37. Financial Dynamics Mortgage
Corporation, Cranston, RI.
38. First American Wholesale Lending
Corp., Woodland Hills, CA.
39. First Coastal Mortgage, LLC,
Huffman, TX.
40. First Community Mortgage Banc,
Inc., Chicago, IL.
41. First Community Mortgage, Inc.,
Hyattsville, MD.
42. First Lenders Financial Group,
Inc., Orlando, Florida.
43. First Realty Funding, Inc., La
Puente, CA.
44. Flagship Mortgage of Alabama,
LLC, Pike Road, AL.
45. Gooden Financial Group, Inc.,
Jacksonville, FL.
46. Greater Atlantic Bank, Front
Royal, VA.
47. Greatland Financial Corporation,
Wildomar, CA.
48. Heartland Mortgage, Inc., Walla
Walla, WA.
49. Home Consultants, Inc. d/b/a HCI
Mortgage, Lake Ariel, PA.
50. Home Quest Financial, Moreno
Valley, CA.
51. Homeowners Mortgage
Corporation, Lanham, MD.
52. Horizon Mortgage Investment Co.,
Tacoma, WA.
53. Integrated Mortgage Corporation,
San Francisco, CA.
54. J.R. Davidson, Inc., Cornelius, NC.
55. Jigsaw Mortgage Corporation,
Rancho Cucamonga, CA.
56. JMO, Inc., Temecula, CA.
57. Karim Enterprises, Inc., St.
Charles, MO.
58. Lakes and Hills Mortgage Co.,
Marble Falls, TX.
59. Landmark Mortgage Corporation,
Gretna, LA.
60. Legacy Mortgage Group, LLC,
Idaho Falls, ID.
61. Lehi Mortgage Services, Inc.,
Quincy, MA.
62. LHM Financial Group, Inc.,
Austin, TX.
63. Liberty Financial Group, Inc.
Bellevue, WA.
64. Living Proof Mortgage, Inc.,
Griffin, GA.
65. Loan Wiz, Inc., Miami, FL.
66. Mack Mortgage & Financial Group,
Inc., Maple Grove, MN.
67. Mainstreet Mortgage Services,
Inc., Pittsburgh, PA.
68. McKenzie Funding, LLC,
Springfield, OR.
69. Merchants Mortgage & Trust
Corporation, Greenwood Village, CO.
70. Mesak, Inc., Montebello, CA.
71. Midland Community Bank,
Kincaid, IL.
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72. MinnWest Bank Ortonville,
Ortonville, MN.
73. Money Line, Inc., Tucson, AZ.
74. Mortgage Associates, Inc.,
Columbia, MD.
75. Mortgage Concepts, LLC, Phoenix,
AZ.
76. Mortgage Loan Solutions, Inc.,
Lyons, IL.
77. Mortgage Plus Corporation,
Wilmington, DE.
78. Mortgage Source of Colorado, LLC,
Fort Collins, CO.
79. Mortgages for U LLC,
Summerville, SC.
80. Mountainside Mortgage Company,
Clark, NJ.
81. MSG—The Mortgage Specialist
Group, Grapevine, TX.
82. Nationwide Funding Corporation,
LLC, Chantilly, VA.
83. Northeast Residential Mortgage,
LLC, Saddle River, NJ.
84. Old Homestead Mortgage
Company, Moses Lake, WA.
85. ONB Bank & Trust Co., Tulsa, OK.
86. Optima Mortgage Corporation,
Tustin, CA.
87. Orbit Mortgage Company, Coral
Springs, FL.
88. Origen Financial, LLC, Southfield,
MI.
89. Pacific Atlantic Mortgage
Corporation, Oviedo, FL.
90. Pappadakis Corporation,
Jacksonville, FL.
91. Partners Lending, LLC, Clearfield,
UT.
92. Pennywise Mortgage Company,
Miami, FL.
93. Pioneer Financial Corporation,
Payson, UT.
94. Pioneer Mortgage Corporation, Las
Vegas, NV.
95. Platinum Reverse Mortgage Corp.,
Boca Raton, FL.
96. Plus4 Credit Union, Houston, TX.
97. Premier Bank Minnesota,
Bloomington, MN.
98. Premier Mortgage Services, LLC,
Woodbridge, NJ.
99. Primrose Mortgage Company Inc.,
Woodstock, GA.
100. Q P Mortgage Banking Center,
Inc., Yonkers, NY.
101. Rapid Mortgage Co., Inc.,
Edinburg, TX.
102. Reaching Another Dimension
Financial Services Inc., Sunrise, FL.
103. Reliance Mortgage Co., Dallas,
TX.
104. RH Financial Services, Inc.,
Portland, OR.
105. RT Funding Group Inc.,
Albuquerque, NM.
106. Security Home Mortgage, Inc.,
York, PA.
107. South Lake Mortgage Bankers,
Inc., Pasadena, CA.
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108. SVI Group Inc., San Jose, CA.
109. Syamni Funding, Inc., Richmond
Hill, NY.
110. Talman Mortgage and Financial
Group, Chicago, IL.
111. The Link LLC, Durango, CO.
112. Top Mortgage Bankers Corp., San
Juan, PR.
113. Travis Mortgage, LLC,
Glastonbury, CT.
114. Tri-Starr Mortgage and Financial
Services, Inc., Hollywood, FL.
115. Trident Mortgage Company, LLC,
Littleton, CO.
116. Trinity United Mortgage, LLC,
Baton Rouge, LA.
117. Trustworthy Mortgage Corp.,
Vienna, VA.
118. U.S. Financial Mortgage
Corporation, Rocklin, CA.
119. Unibanc Mortgage Corporation,
Aurora, IL.
120. USA Mortgage Bankers
Corporation, Miami, FL.
121. Wadot Capital, Inc., Seattle, WA.
122. Westland Funding Group, Inc.,
Palm City, FL.
123. World Mortgage Financing LLC,
Birmingham, AL.
III. Lenders That Failed To Timely
Meet Requirements for Annual
Recertification of HUD/FHA Approval
and Have Cured
Action: The Board voted to give the
lenders below an opportunity to settle.
The settlements required each lender to
pay a $7,500, $3,500, or $1,000 civil
money penalty without admitting fault
or liability.
Cause: The Board took this action
because the lenders failed to timely
comply with the HUD’s annual
recertification requirements; however,
they are now in compliance.
1. American Affordable Homes, Inc.,
Fairfax VA, 10–1683–MRT.
2. American Home Financial Services
II, Inc., Lexington, TN, 10–2511–MRT.
3. American Mortgage and Investment
Services, Inc., Silver Spring, MD, 10–
1239–MRT.
4. American West Credit Corporation,
Alta Loma, CA, 08–8054–MRT.
5. Apple Mortgage Network, Inc.,
Union, NJ, 10–1653–MRT.
6. Approval One Financial Services,
Jackson, MI, 10–1192–MRT.
7. Argon Enterprises, Inc., Hawthorne,
CA, 10–1697–MRT.
8. Assured Capital Funding
Corporation, Shelby Township, MI, 10–
1155–MRT.
9. Assured Mortgage Bankers
Corporation, Manasquan, NJ, 09–9413–
MRT
10. Bank of Jackson Hole, Jackson,
WY, 10–1205–MRT.
11. Bank of Turtle Lake, Turtle Lake,
ND, 10–1204–MRT.
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12. Belpre Savings Bank, Belpre, OH,
10–1145–MRT.
13. Benchmark Mortgage LLC,
Montgomery, TX, 10–1276–MRT.
14. Best Results Mortgage
Corporation, Huntington Park, CA, 10–
1670–MRT.
15. C A N Properties Corporation, San
Bernardino, CA, 10–1670–MRT.
16. Cabarrus Bank & Trust Company,
Concord, NC, 10–1161–MRT.
17. Citizens Choice Mortgage, Las
Vegas, NV, 10–1680–MRT.
18. Citizens National Bank
Springfield, Springfield, MO, 10–1206–
MRT.
19. Commonwealth United Mortgage
Corporation, Mount Laurel, NJ, 10–
1637–MRT.
20. Community Mortgage, LLC,
Independence, MO, 10–1050–MRT.
21. Courtesy Mortgage Company, San
Diego, CA, 100–1039–MRT.
22. Crestline Funding Corporation,
Irvine, CA, 10–1638–MRT.
23. Customized Mortgage Solutions,
LLC, Old Tappan, NJ, 10–1404–MRT.
24. Dominion Mortgage and Financial
Services, Inc., Anderson, SC, 10–1242–
MRT.
25. Ecom Mortgage, Inc., San Gabriel,
CA, 10–1267–MRT.
26. EMC Mortgage Corporation,
Lewisville, TX, 10–1913–MRT.
27. Entrafund Home Mortgage, LLC,
Mandeville, LA, 10–1095–MRT.
28. ESB Mortgage Company, Ennis,
TX, 10–1022–MRT.
29. Financial Partners Credit Union,
Downey, CA, 09–9508–MRT and 09–
9509–MRT.
30. First American Bank and Trust
Company, Athens, GA, 09–9771–MRT.
31. First Equity Lending, Inc.,
Madison, WI, 10–1255–MRT.
32. First Financial Bank, N.A.,
Hamilton, OH, 09–9204–MRT.
33. First Mortgage Services, Inc.,
Baton Rouge, LA, 10–1911–MRT.
34. First Prestige Mortgage Services,
Inc., Montclair, NJ, 10–1905–MRT.
35. First Residential Mortgage, Inc.,
Pikesville, MD, 10–1732–MRT.
36. Gold Miners Investment, Inc., Los
Angeles, CA, 10–1904–MRT.
37. Golden Gate Mortgage, Inc.,
Columbia, SC, 10–1867–MRT.
38. Goldman Sachs Housing and
Health Care Funding Company, New
York, NY, 09–9855–MR.
39. Gotham City Mortgage Corp., East
Elmhurst, NY, 10–1847–MRT.
40. Green Valley Mortgage, LLC,
Fairfax, VA, 10–1063–MRT.
41. Heartland Home Mortgage, LLC,
Grand Rapids, MI, 10–1740–MRT.
42. Home Mortgage Corporation,
Atlanta, GA, 09–9850–MRT.
43. Hometown Bank of Corbin, Inc.,
Corbin, KY, 10–1020–MRT.
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44. HR Mortgage Corporation, Caguas,
PR, 10–1745–MRT.
45. Integrity Mortgage Corporation,
Arlington Heights, IL, 10–1186–MRT.
46. InterGlobal Mortgage Lending,
LLC, Miami, FL, 10–1344–MRT.
47. Jay’s Mortgage Acceptance
Corporation, Houston, TX, 10–1914–
MRT.
48. Jones National Bank & Trust Co.,
Seward, NE, 10–1072–MRT.
49. Lakeshore Mortgage Group, Inc.,
Chesterton, IN, 10–1041–MRT.
50. Magnolia Mortgage, Inc., New
Iberia, LA, 09–9848–MRT.
51. Marshall Redder Home Mortgage
Corporation, Grandville, MI, 10–1385–
MRT and 10–1384–MRT.
52. Massachusetts Mortgage
Corporation, Shrewsbury, MA, 09–
9905–MRT.
53. McNeil Financial Group, Inc.,
Lake in the Hills, IL, 10–1169–MRT.
54. Mortgage Capital Group, Inc.,
Crystal Lake, IL, 09–9789–MRT.
55. Mortgage Dreams, LLC, Charlton,
MA, 10–1857–MRT.
56. Mortgage Max Corporation, Las
Vegas, NV, 10–1302–MRT.
57. Mortgage Square, Inc.,
Northbrook, IL, 10–1838–MRT.
58. N.R.F. Funding Corporation,
Rockville Centre, NY, 10–1405–MRT.
New York, NY, 09–9855–MR.
59. Olmsted National Bank,
Rochester, MN, 10–1765–MRT.
60. Oyster Mortgage Co., Inc., Arnold,
MD, 10–1837–MRT.
61. Pacific Reverse Mortgage, Inc., San
Diego, CA, 10–1920–MRT.
62. Phoenix Funding Corporation,
O’Fallon, IL, 10–1335–MRT.
63. Preferred Mortgage Consultants,
Inc., Northfield, OH, 10–1770–MRT.
64. Prime Finance LLC, Parsippany,
NJ, 10–1834–MRT.
65. Real Mortgage Partners, Inc.,
Austin, TX, 10–1263–MRT.
66. Reverse Mortgage Advisors, LLC,
Tewksbury, MA, 10–1849–MRT.
67. S. P. Financing, Inc., Covina, CA,
10–1901–MRT.
68. SAI Mortgage, Inc., Springfield,
VA, 10–1146–MRT.
69. Select One Mortgage, Inc.,
Hudson, WI, 10–1531–MRT.
70. Slocumb National Bank, Slocumb,
AL, 10–1342–MRT.
71. Solution One Mortgage, LLC,
South Charleston, WV, 10–1051–MRT.
72. Success Mortgage, LLC,
Winchester, VA, 10–1281–MRT.
73. Summit Home Loans, Inc.,
Loveland, OH, 10–1057–MRT.
74. Superior Financial Services, Inc.,
Stow, OH, 10–1181–MRT.
75. The Construction Loan Company,
Inc., Howell, MI, 10–1702–MRT.
76. The Finance Group, Modesto, CA,
19–18434–MRT.
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77. The Mortgage Company, LLC,
Milwaukee, WI, 09–9543–MRT.
78. The Mortgage Loan Co., Inc., San
Juan, PR, 10–1923–MRT.
79. The New Vision Mortgage, LLC,
Clifton, NJ, 10–1264–MRT.
80. The Paramount Funding
Company, Miami, FL, 10–1127–MRT.
81. Tidewater Mortgage Services, Inc.,
Virginia Beach, VA, 10–1100–MRT.
82. Tradition Mortgage, LLC, Edina,
MN, 10–1106–MRT.
83. Tri-Emerald Financial Group, Inc.,
Lake Forest, CA, 09–9467–MR.
84. Tristar Mortgage Corporation,
Staten Island, NY, 10–1785–MRT.
85. TruStone Financial Federal Credit
Union, Plymouth, MN, 10–1107–MRT.
86. UBS Real Estate Investment, Inc.,
Stamford, CT, 10–1918–MRT.
87. United Community Mortgage
Corporation, Keyport, NJ, 10–1154–
MRT.
88. United Funding Mortgage Corp.,
Alpharetta, GA, 10–1803–MRT.
89. United Mortgage Corporation of
America, Port Angeles, WA, 10–1243–
MRT.
90. Worldwide Capital Mortgage
Corporation, Bay Shore, NY, 10–1332–
MRT.
91. Zenith Mortgage Advisors, Inc.,
Milford, MA, 10–1852–MRT.
Dated: July 21, 2011.
Carol Galante,
Acting Assistant Secretary for Housing—
Federal Housing Commissioner.
[FR Doc. 2011–19293 Filed 7–28–11; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5543–D–03]
Order of Succession for Office of
General Counsel
AGENCY:
Office of General Counsel,
HUD.
ACTION:
Notice of Order of Succession.
In this notice, the General
Counsel for the Department of Housing
and Urban Development designates the
Order of Succession for the Office of
General Counsel. This Order of
Succession supersedes the Order of
Succession for the General Counsel
published on December 1, 2009.
DATES: Effective Date: July 21, 2011.
FOR FURTHER INFORMATION CONTACT:
Lawrence D. Reynolds, Assistant
General Counsel for Administrative
Law, Office of General Counsel,
Department of Housing and Urban
Development, 451 7th Street, SW.,
Room 9262, Washington, DC 20410–
SUMMARY:
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
45599
0500; telephone number 202–402–3502.
(This is not a toll-free number.) This
number may be accessed through TTY
by calling the toll-free Federal Relay
Service at 800–877–8339.
SUPPLEMENTARY INFORMATION: The
General Counsel for the Department of
Housing and Urban Development is
issuing this Order of Succession of
officials authorized to perform the
functions and duties of the Office of
General Counsel when, by reason of
absence, disability, or vacancy in office,
the General Counsel is not available to
exercise the powers or perform the
duties of the office. This Order of
Succession is subject to the provisions
of the Federal Vacancies Reform Act of
1998 (5 U.S.C. 3345–3349d). This
publication supersedes the Order of
Succession notice of December 1, 2009
(74 FR 62805).
Accordingly, the General Counsel
designates the following Order of
Succession:
Section A. Order of Succession
Subject to the provisions of the
Federal Vacancies Reform Act of 1998,
during any period when, by reason of
absence, disability, or vacancy in office,
the General Counsel for the Department
of Housing and Urban Development is
not available to exercise the powers or
perform the duties of the General
Counsel, the following officials within
the Office of General Counsel are hereby
designated to exercise the powers and
perform the duties of the Office. No
individual who is serving in an office
listed below in an acting capacity shall
act as the General Counsel pursuant to
this Order of Succession.
(1) Principal Deputy General Counsel;
(2) Deputy General Counsel for
Enforcement and Fair Housing;
(3) Deputy General Counsel for
Operations;
(4) Deputy General Counsel for
Housing Programs;
(5) Associate General Counsel for
Insured Housing;
(6) Associate General Counsel for
Assisted Housing and Community
Development;
(7) Associate General Counsel for
Legislation and Regulations;
(8) Associate General Counsel for
Finance and Administrative Law;
(9) Associate General Counsel for
Litigation;
(10) Associate General Counsel for
Ethics and Personnel Law;
(11) Associate General Counsel for
Program Enforcement;
(12) Associate General Counsel for
Fair Housing;
(13) Regional Counsel, Region IV;
(14) Regional Counsel, Region V.
E:\FR\FM\29JYN1.SGM
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]]>Agencies
[Federal Register Volume 76, Number 146 (Friday, July 29, 2011)]
[Notices]
[Pages 45594-45599]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-19293]
[[Page 45594]]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5551-N-01]
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)(5) of the National Housing
Act, this notice advises of the cause and describes the administrative
actions taken by HUD's Mortgagee Review Board against HUD-approved
mortgagees.
FOR FURTHER INFORMATION CONTACT: Nancy A. Murray, Secretary to the
Mortgagee Review Board, Department of Housing and Urban Development,
451 7th Street, SW., Room B-133/3150, Washington, DC 20410-8000;
telephone 202-708-2224 (this is not a toll-free number). Persons with
hearing or speech impairments may access this number through TTY by
calling the toll-free Federal Information Service at 800-877-8339.
SUPPLEMENTARY INFORMATION: Section 202(c)(5) of the National Housing
Act (12 U.S.C. 1708(c)(5)), 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 actions that have been taken by the Board from October 23,
2009, to February 7, 2011.
I. Settlement Agreements, Civil Money Penalties, Withdrawals of Federal
Housing Administration (FHA) Approval, Suspensions, Probations,
Reprimands, and Administrative Payments
1. 1st Continental Mortgage, Inc., Ft. Lauderdale, FL [Docket No. 10-
1682-MR]
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action permanently withdrawing the FHA approval of 1st
Continental Mortgage, Inc. (``1st Continental'').
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: 1st Continental failed to
maintain and implement a Quality Control (``QC'') Plan; failed to
implement and follow HUD/FHA's Home Equity Conversion Mortgage (HECM)
program requirements; charged borrowers excessive and duplicative fees;
failed to disclose all charges to borrowers on the Good Faith
Estimates; and submitted a false certification to HUD on its Title II
annual Verification Report.
2. Action Mortgage Corporation, Cranston, RI [Docket No. 10-1855-MR]
Action: On August 23, 2010, the Board issued a Notice of
Administrative Action immediately suspending the FHA approval of Action
Mortgage Corporation (``AMC'') pending the completion of an
investigation by the Office of Inspector General and my resulting legal
proceedings.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: AMC failed to timely notify HUD
that one of its officers had been indicted for an offense that
reflected upon AMC's responsibility and integrity and its ability to
participate in HUD programs; and AMC failed to timely notify HUD that
the State of Rhode Island suspended its mortgage origination license.
3. Alacrity Lending Company, Southlake, TX [Docket No. 09-9912]
Action: On January 10, 2011, the Board entered into a settlement
agreement with Alacrity Lending Company (``Alacrity'') pursuant to
which the Board withdrew Alacrity's FHA Approval for a period of three
years and conditioned Alacrity's future ability to participate in FHA
programs upon HUD's approval of a new application for FHA approval, and
Alacrity, without admitting fault or liability, agreed to pay a civil
money penalty in the amount of $237,500.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Alacrity failed to implement a
QC Plan in compliance with HUD/FHA requirements; failed to provide a
disclosure of a Controlled Business Arrangement when a settlement
service provider was involved in the loan transaction with whom the
lender had an ownership or other beneficial interest; failed to report
serious violations identified during a QC review; failed to ensure that
HUD/FHA's Construction-Permanent Mortgage Program requirements were
met; failed to ensure that maximum mortgage amounts were properly
calculated, resulting in over-insured mortgages; failed to ensure that
there were no discrepancies between disbursements and/or sales prices
on HUD-1 settlement statements or documents used to calculate loan
amounts; failed to ensure that appraisal report findings were
consistent or otherwise acceptable; and failed to ensure that
properties located in Special Flood Hazard Areas were properly covered
with flood insurance.
4. Allied Home Mortgage Corporation, Houston, Texas [Docket No. 10-
1709-MR]
Action: On October 20, 2010, the Board entered into a settlement
agreement with Allied Home Mortgage Corporation (``AHMC'') that
required AHMC, without admitting fault or liability, to pay a civil
money penalty in the amount of $46,000; to curtail the principal
balance on one loan by the amount of $1,210; to refund $1,495 of fees
to two borrowers; to pay the amount of $57,442.23 to indemnify HUD for
losses incurred in connection with one loan; and to indemnify HUD for a
period of five years for any losses that it may incur in connection
with five loans.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: AHMC approved loans with debt-
to-income ratios that exceeded HUD/FHA standards without significant
compensating factors; failed to properly calculate and/or document the
income used to qualify borrowers; improperly omitted recurring
liabilities from underwriting analyses; failed to properly document the
source of gift funds or assets; failed to ensure that the maximum
insured mortgage amount was properly calculated, resulting in an over-
insured mortgage; charged unallowable fees to mortgagors and collected
processing fees from borrowers which it then paid directly to a
contract processing company; and intermingled its business processes
with those of Allied Home Mortgage Capital Corporation in violation of
HUD/FHA requirements for a clear and effective separation of the two
companies.
5. Allied Home Mortgage Capital Corporation, Houston, Texas [Docket No.
10-1961-MR]
Action: On September 2, 2010, the Board entered into a settlement
agreement with Allied Home Mortgage Capital Corporation (``Allied'')
that required Allied to pay a civil money penalty in the amount of
$38,000 without admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Allied failed to pay the
required core operating costs for its branch offices.
[[Page 45595]]
6. Amarillo National Bank, Amarillo, TX [Docket No. 10-1928-MR]
Action: On December 28, 2010, the Board entered into a settlement
agreement with Amarillo National Bank (``Amarillo'') that required
Amarillo to pay a civil money penalty in the amount of $13,600 without
admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Amarillo failed to include
mandatory elements in its adopted QC Plan; failed to conduct mandatory
QC servicing reviews; failed to timely notify HUD of changes in the
mortgagor and/or servicer of FHA-insured loans; failed to timely notify
HUD and terminate insurance after FHA-insured loans were paid in full;
and failed to properly report loan statuses and reasons for default
into HUD's Single Family Default Monitoring System.
7. American Mortgage Group, Inc., Anthem, AZ [Docket No. 10-0010-MR]
Action: On November 1, 2010, the Board issued a Notice of
Administrative Action withdrawing the FHA approval of American Mortgage
Group, Inc. (``AMG'') for one year.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: AMG failed to notify HUD within
ten days of its entrance into two consent orders with the State of
Arizona, Department of Financial Institutions, and failed to notify HUD
of changes to its contact information.
8. Bernard Mortgage Corporation, Chicago, IL [Docket No. 10-2001-MR]
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action withdrawing the FHA approval of Bernard Mortgage
Corporation (``BMC'') for one year.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: BMC failed to notify HUD within
ten days of changes affecting its standing as an approved institution.
9. Cambridge Home Capital, LLC, Great Neck, NY [Docket No. 10-1806-MR]
Action: On December 10, 2010, the Board issued a Notice of
Administrative Action permanently withdrawing the FHA approval of
Cambridge Home Capital, LLC (``Cambridge''), and imposing civil money
penalties against Cambridge in the amount of $182,000.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Cambridge failed to maintain
and implement a QC Plan in accordance with HUD/FHA requirements; failed
to adequately document the stability and/or source of income used to
qualify borrowers; approved loans with ratios that exceeded HUD/FHA
requirements without significant compensating factors; and used
conflicting information in originating loans and obtaining HUD/FHA
mortgage insurance.
10. Catalyst Lending, Inc., Greenwood Village, CO [Docket No. 10-1797-
MR]
Action: On November 17, 2010, the Board entered into a settlement
agreement with Catalyst Lending, Inc. (``Catalyst'') that required
Catalyst to pay a civil money penalty in the amount of $50,000 without
admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Catalyst violated HUD/FHA
requirements for a clear and effective separation of two mortgage
companies; submitted false certifications to HUD in connection with
transactions in which Catalyst allowed non-employees to originate FHA
loans; violated HUD/FHA minimum staffing requirements by allowing one
of its branch offices to operate without a branch manager; implemented
a written employee policy and executed contractual agreements that
violated HUD/FHA requirements; processed a HECM loan prior to the
borrower's receipt of HECM counseling; and charged unallowable,
unearned and/or unsupported fees.
11. Community Lender, Inc., Boise, ID [Docket No. 09-9843-MRT]
Action: On October 30, 2009, the Board issued a Letter of Reprimand
to Community Lender, Inc. (``CLI'').
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: CLI failed to notify HUD that
the Idaho Department of Finance revoked CLI's lender license.
12. DAS Acquisition, LLC, St. Louis, Missouri [Docket No.10-1925-MR]
Action: On November 8, 2010, the Board entered into a Settlement
Agreement with DAS Acquisition, LLC (``DAS'') that required DAS to pay
a civil money penalty in the amount of $100,000 without admitting fault
or liability. The Board also issued DAS a Letter of Reprimand.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: DAS failed to file Home
Mortgage Disclosure Act (``HMDA'') and Regulation C-compliant reports
for calendar years 2005, 2006, and 2007.
13. Equitable Trust Mortgage Corporation, Baltimore, MD [Docket No. 09-
9604-MR]
Action: On September 30, 2010, the Board issued a Notice of
Administrative Action immediately withdrawing the FHA approval of
Equitable Trust Mortgage Corporation (``Equitable'') for a period of
five years.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Equitable failed to comply with
the terms of a settlement agreement entered into with HUD on December
14, 2009, and amended on March 17, 2010.
14. First Ohio Banc and Lending, Inc., Independence, MO [Docket No. 09-
9599-MR]
Action: On October 8, 2010, the Board entered into a settlement
agreement with First Ohio Banc and Lending, Inc. (``First Ohio'') that
required First Ohio to pay a civil money penalty in the amount of
$12,000 without admitting fault or liability.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: First Ohio failed to ensure
that loan applications were processed by authorized employees who
worked exclusively for First Ohio.
15. Golden First Mortgage Corporation, Great Neck, NY [Docket No. 10-
1927-MR]
Action: On August 13, 2010, the Board issued a Notice of
Administrative Action immediately and permanently withdrawing the FHA
approval of Golden First Mortgage Corporation (``Golden First'').
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: Golden First failed to notify
HUD that it voluntarily surrendered its state license to originate
mortgages and that one of its officers agreed to pay a civil money
penalty in the amount of fifty-thousand dollars ($50,000) to resolve a
matter with the Office of Thrift Supervision (OTS).
16. Guild Mortgage Company, San Diego, CA [Docket No.10-1678-MR]
Action: On October 8, 2010, the Board entered into a settlement
agreement with Guild Mortgage Company (``Guild'') that required Guild
to pay a civil money penalty in the amount of $123,000 without
admitting fault or liability.
[[Page 45596]]
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Guild failed to notify HUD
within fifteen days of the termination of contracts for mortgage
insurance and failed to timely remit mortgage insurance premiums.
17. Hartland Mortgage Centers, Inc., Woodbridge, IL [Docket No. 10-
1823-MR]
Action: On December 28, 2010, the Board entered into a settlement
agreement with Hartland Mortgage Centers, Inc. (``Hartland'') that
required Hartland to pay a civil money penalty in the amount of $7,500
without admitting fault or liability.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: Hartland distributed an
advertisement that misrepresented HUD/FHA's HECM program requirements
in a mailer envelope that simulated a government form.
18. KRK Financial Services, Inc., Chicago, IL [Docket No. 09-9158-MR]
Action: On December 23, 2010, the Board issued a Notice of
Administrative Action withdrawing the FHA approval of KRK Financial
Services, Inc. (``KRK'') for a period of one year.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: KRK failed to notify HUD that
the Illinois Department of Financial and Professional Regulation,
Division of Banking, revoked its license and assessed it a fine of
$100,000.
19. Mortgage Line Financial Corp., Woodbury, NY [Docket No. 10-1968-MR]
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action withdrawing the FHA approval of Mortgage Line
Financial Corp. (``MLFC'') for one year.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: MLFC failed to notify HUD that
it ceased its business operations.
20. New England Regional Mortgage Corporation, Salem, New Hampshire
[Docket No. 10-1636-MR]
Action: On October 18, 2010, the Board entered into a settlement
agreement with New England Regional Mortgage Corporation (``New
England'') that required New England, without admitting fault or
liability, to pay a civil money penalty of $3,500 and to buy down an
over-insured mortgage in the amount of $6,353.04.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: New England approved a loan
that exceeded HUD's maximum mortgage amount.
21. RSA Financial Inc., Atlanta, GA [Docket No. 10-1037-MR]
Action: On March 29, 2010, the Board issued a Notice of
Administrative Action immediately and permanently withdrawing the FHA
approval of RSA Financial (RSA). RSA appealed this action, and on June
22, 2010, RSA entered into a settlement agreement with the Board under
which RSA accepted its immediate and permanent withdrawal.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: RSA failed to comply with a
condition of its FHA approval and submitted false and misleading
information to HUD in connection with its application for FHA approval.
22. Somerset Investors Corporation, Melville, NY [Docket No. 10-1706-
MR]
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action permanently withdrawing the FHA approval of
Somerset Investors Corporation (``Somerset'').
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Somerset approved loans that
did not meet HUD/FHA's minimum credit requirements; failed to
adequately document the income used to qualify the borrower; used
conflicting information in originating and obtaining HUD/FHA mortgage
insurance; failed to document the source of funds used for the down
payment and/or closing costs; approved loans with debt-to-income ratios
that exceeded HUD/FHA standards without significant compensating
factors; omitted liabilities from the underwriting analysis without
adequate documentation; charged borrowers unallowable fees; and failed
to timely notify HUD of a state sanction.
23. Taylor, Bean & Whitaker Mortgage Corp., Ocala, FL [Docket No. 09-
9607-MR]
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action permanently withdrawing the FHA approval of
Taylor, Bean & Whitaker Mortgage Corp. (``TBW''). TBW consented to the
permanent withdrawal of its FHA approval, without admitting or denying
the Board's factual allegations, under the terms of a Consent Order
entered into with HUD on February 7, 2011.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: TBW failed to place delinquent
borrowers in the correct loss mitigation/disposition options; failed to
analyze borrowers for loss mitigation in a timely manner; failed to
perform management/foreclosure reviews; failed to input accurate codes
into HUD/FHA's Single Family Default Monitoring System; failed to
foreclose on properties in accordance with HUD/FHA guidelines; failed
to maintain and implement a QC plan in compliance with HUD/FHA
requirements; failed to ensure QC reviews were completed for early
payment defaults; used falsified information in originating and/or
underwriting and obtaining HUD/FHA mortgage insurance; failed to
prevent documents used to verify credit and income from passing through
the hands of interested third parties; failed to address deficient
underwriting and/or document data analysis; engaged in a prohibited
branch arrangement by allowing a separate mortgage company to function
as a branch office; exceeded HUD/FHA's limitations when calculating the
maximum insurable mortgage; approved loans with underwriting ratios
that exceeded HUD/FHA standards without significant compensating
factors; failed to adequately document a stable two-year employment
history or other forms of effective income; failed to meet the minimum
credit requirements for FHA insured loans; failed to adequately
document the source of funds used to process and close loans; failed to
reconcile discrepancies found in appraisal documents and/or provide
documentation required for loan eligibility; failed to ensure that
loans met the eligibility requirements for HUD/FHA mortgage insurance;
failed to ensure 203(k) loan program requirements were met; failed to
ensure that documents were not signed in blank; failed to ensure that
borrowers were only charged permissible fees; failed to disclose the
amount of the Yield Spread Premium on the Good Faith Estimate; failed
to prevent non-employees from originating and/or processing HUD/FHA
loans; failed to ensure that loans closed in the name of the FHA-
approved principal; failed to ensure that the program requirements for
the Construction-Permanent Mortgage program were met; failed to uphold
its agreement with HUD to only originate direct mortgages through its
[[Page 45597]]
direct lending branch; failed to provide HUD with loan documents upon
request; and failed to ensure the data integrity of the information
entered into the FHA Connection.
24. Vanderbilt Mortgage and Finance, Inc., Maryville, TN [Docket No.
10-1878-MR]
Action: On August 18, 2010, the Board entered into a settlement
agreement with Vanderbilt Mortgage and Finance, Inc. (``Vanderbilt'')
that required Vanderbilt to pay a civil money penalty of $15,000
without admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Vanderbilt submitted false
certifications to HUD on its electronic Annual Certifications, and
failed to notify HUD that it had entered into a Settlement Agreement
and Consent to Entry of a Consent Order with the North Carolina Office
of the Commissioner of Banks.
25. WCS Lending, LLC, Boca Raton, FL [Docket No. 10-1964-MR]
Action: On September 2, 2010, the Board entered into a settlement
agreement with WCS Lending, LLC (``WCS'') that required WCS to pay a
civil money penalty of $3,500 without admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: WCS posted the HUD seal on a
Web site maintained by a loan officer, and failed to register a branch
office.
26. Windsor Capital Mortgage Corporation, San Diego, CA
Action: On October 28, 2010, the Board issued a Notice of
Administrative Action withdrawing the FHA approval of Windsor Capital
Mortgage Corporation (``WCMC'') for one year.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: WCMC failed to timely notify
HUD that it entered into a Consent Order with the State of Arizona that
contained sanctions and violations against WCMC, and failed to notify
HUD of reportable business changes.
II. Lenders That Failed To Meet Requirements for Annual Recertification
of HUD/FHA Approval
Action: The Board voted to withdraw FHA approval for each of the
lenders listed below.
Cause: The Board took this action because the lenders were not in
compliance with HUD's annual recertification requirements.
1. Advanced Funding Associates, Inc., Atlanta, GA.
2. Affiliated Mortgage Company, Tavares, FL.
3. Affinity Lending Group, LLC, Shreveport, LA.
4. Allstate Lending Group, Inc., Monterey Park, CA.
5. Alpine Financial & Mortgage Services Inc., Coral Springs, FL.
6. America Mortgage Center, LLC, Saint Cloud, FL.
7. America's Advantage Mortgage, Orland Park, IL.
8. America's Credit Union FCU, Fort Lewis, WA.
9. American Capital Financial Trading Corporation, Weston, FL.
10. American Frontier Financial Group, Pasadena, CA.
11. American Lending Group, Inc., St. Peters, MO.
12. AMEX Home Mortgage Corporation, Middleton, MA.
13. Best Home Loan, Inc., Jacksonville, FL.
14. Brian Butler Ventures, Inc., Houston, TX.
15. Bridgeline Capital Group, Inc., San Francisco, CA.
16. California Mortgage Advisory Corporation, Santa Ana, CA.
17. Centurion Funding Corporation America, Avon, MA.
18. Certified Home Loans of Florida, Inc., Miami, FL.
19. Citizens Mortgage Corporation, Waco, TX.
20. Clayton Peters & Associates, Baltimore, MD.
21. CMLC Funding, Inc., Menomonee Falls, WI.
22. Colonial Mortgage Corporation, Jericho, NY.
23. Community Development Bank, Ogema, MN.
24. Community Home Loans of America, LLC, Somerset, NJ.
25. Custom Mortgage, LLC, Arlington Heights, IL.
26. D & A Services Inc., Radcliff, KY.
27. Diamond Funding Corporation, Milford, MA.
28. Direct Home Mortgage Co., Warwick, RI.
29. Dreamerica Mortgage, Inc., Geneva, IL.
30. Drimslo Mortgage Corporation, Arlington, TX.
31. DSG Enterprises, LTD, Philadelphia, PA.
32. Elite Service Company Inc., Hixson, TN.
33. Enfinger Enterprise, Columbus, GA.
34. Epix Funding Group, Inc., Brandon, FL.
35. Equity United Mortgage Corporation, Ellicott City, MD.
36. FFA Mortgage Corporation, Tulsa, OK.
37. Financial Dynamics Mortgage Corporation, Cranston, RI.
38. First American Wholesale Lending Corp., Woodland Hills, CA.
39. First Coastal Mortgage, LLC, Huffman, TX.
40. First Community Mortgage Banc, Inc., Chicago, IL.
41. First Community Mortgage, Inc., Hyattsville, MD.
42. First Lenders Financial Group, Inc., Orlando, Florida.
43. First Realty Funding, Inc., La Puente, CA.
44. Flagship Mortgage of Alabama, LLC, Pike Road, AL.
45. Gooden Financial Group, Inc., Jacksonville, FL.
46. Greater Atlantic Bank, Front Royal, VA.
47. Greatland Financial Corporation, Wildomar, CA.
48. Heartland Mortgage, Inc., Walla Walla, WA.
49. Home Consultants, Inc. d/b/a HCI Mortgage, Lake Ariel, PA.
50. Home Quest Financial, Moreno Valley, CA.
51. Homeowners Mortgage Corporation, Lanham, MD.
52. Horizon Mortgage Investment Co., Tacoma, WA.
53. Integrated Mortgage Corporation, San Francisco, CA.
54. J.R. Davidson, Inc., Cornelius, NC.
55. Jigsaw Mortgage Corporation, Rancho Cucamonga, CA.
56. JMO, Inc., Temecula, CA.
57. Karim Enterprises, Inc., St. Charles, MO.
58. Lakes and Hills Mortgage Co., Marble Falls, TX.
59. Landmark Mortgage Corporation, Gretna, LA.
60. Legacy Mortgage Group, LLC, Idaho Falls, ID.
61. Lehi Mortgage Services, Inc., Quincy, MA.
62. LHM Financial Group, Inc., Austin, TX.
63. Liberty Financial Group, Inc. Bellevue, WA.
64. Living Proof Mortgage, Inc., Griffin, GA.
65. Loan Wiz, Inc., Miami, FL.
66. Mack Mortgage & Financial Group, Inc., Maple Grove, MN.
67. Mainstreet Mortgage Services, Inc., Pittsburgh, PA.
68. McKenzie Funding, LLC, Springfield, OR.
69. Merchants Mortgage & Trust Corporation, Greenwood Village, CO.
70. Mesak, Inc., Montebello, CA.
71. Midland Community Bank, Kincaid, IL.
[[Page 45598]]
72. MinnWest Bank Ortonville, Ortonville, MN.
73. Money Line, Inc., Tucson, AZ.
74. Mortgage Associates, Inc., Columbia, MD.
75. Mortgage Concepts, LLC, Phoenix, AZ.
76. Mortgage Loan Solutions, Inc., Lyons, IL.
77. Mortgage Plus Corporation, Wilmington, DE.
78. Mortgage Source of Colorado, LLC, Fort Collins, CO.
79. Mortgages for U LLC, Summerville, SC.
80. Mountainside Mortgage Company, Clark, NJ.
81. MSG--The Mortgage Specialist Group, Grapevine, TX.
82. Nationwide Funding Corporation, LLC, Chantilly, VA.
83. Northeast Residential Mortgage, LLC, Saddle River, NJ.
84. Old Homestead Mortgage Company, Moses Lake, WA.
85. ONB Bank & Trust Co., Tulsa, OK.
86. Optima Mortgage Corporation, Tustin, CA.
87. Orbit Mortgage Company, Coral Springs, FL.
88. Origen Financial, LLC, Southfield, MI.
89. Pacific Atlantic Mortgage Corporation, Oviedo, FL.
90. Pappadakis Corporation, Jacksonville, FL.
91. Partners Lending, LLC, Clearfield, UT.
92. Pennywise Mortgage Company, Miami, FL.
93. Pioneer Financial Corporation, Payson, UT.
94. Pioneer Mortgage Corporation, Las Vegas, NV.
95. Platinum Reverse Mortgage Corp., Boca Raton, FL.
96. Plus4 Credit Union, Houston, TX.
97. Premier Bank Minnesota, Bloomington, MN.
98. Premier Mortgage Services, LLC, Woodbridge, NJ.
99. Primrose Mortgage Company Inc., Woodstock, GA.
100. Q P Mortgage Banking Center, Inc., Yonkers, NY.
101. Rapid Mortgage Co., Inc., Edinburg, TX.
102. Reaching Another Dimension Financial Services Inc., Sunrise,
FL.
103. Reliance Mortgage Co., Dallas, TX.
104. RH Financial Services, Inc., Portland, OR.
105. RT Funding Group Inc., Albuquerque, NM.
106. Security Home Mortgage, Inc., York, PA.
107. South Lake Mortgage Bankers, Inc., Pasadena, CA.
108. SVI Group Inc., San Jose, CA.
109. Syamni Funding, Inc., Richmond Hill, NY.
110. Talman Mortgage and Financial Group, Chicago, IL.
111. The Link LLC, Durango, CO.
112. Top Mortgage Bankers Corp., San Juan, PR.
113. Travis Mortgage, LLC, Glastonbury, CT.
114. Tri-Starr Mortgage and Financial Services, Inc., Hollywood,
FL.
115. Trident Mortgage Company, LLC, Littleton, CO.
116. Trinity United Mortgage, LLC, Baton Rouge, LA.
117. Trustworthy Mortgage Corp., Vienna, VA.
118. U.S. Financial Mortgage Corporation, Rocklin, CA.
119. Unibanc Mortgage Corporation, Aurora, IL.
120. USA Mortgage Bankers Corporation, Miami, FL.
121. Wadot Capital, Inc., Seattle, WA.
122. Westland Funding Group, Inc., Palm City, FL.
123. World Mortgage Financing LLC, Birmingham, AL.
III. Lenders That Failed To Timely Meet Requirements for Annual
Recertification of HUD/FHA Approval and Have Cured
Action: The Board voted to give the lenders below an opportunity to
settle. The settlements required each lender to pay a $7,500, $3,500,
or $1,000 civil money penalty without admitting fault or liability.
Cause: The Board took this action because the lenders failed to
timely comply with the HUD's annual recertification requirements;
however, they are now in compliance.
1. American Affordable Homes, Inc., Fairfax VA, 10-1683-MRT.
2. American Home Financial Services II, Inc., Lexington, TN, 10-
2511-MRT.
3. American Mortgage and Investment Services, Inc., Silver Spring,
MD, 10-1239-MRT.
4. American West Credit Corporation, Alta Loma, CA, 08-8054-MRT.
5. Apple Mortgage Network, Inc., Union, NJ, 10-1653-MRT.
6. Approval One Financial Services, Jackson, MI, 10-1192-MRT.
7. Argon Enterprises, Inc., Hawthorne, CA, 10-1697-MRT.
8. Assured Capital Funding Corporation, Shelby Township, MI, 10-
1155-MRT.
9. Assured Mortgage Bankers Corporation, Manasquan, NJ, 09-9413-MRT
10. Bank of Jackson Hole, Jackson, WY, 10-1205-MRT.
11. Bank of Turtle Lake, Turtle Lake, ND, 10-1204-MRT.
12. Belpre Savings Bank, Belpre, OH, 10-1145-MRT.
13. Benchmark Mortgage LLC, Montgomery, TX, 10-1276-MRT.
14. Best Results Mortgage Corporation, Huntington Park, CA, 10-
1670-MRT.
15. C A N Properties Corporation, San Bernardino, CA, 10-1670-MRT.
16. Cabarrus Bank & Trust Company, Concord, NC, 10-1161-MRT.
17. Citizens Choice Mortgage, Las Vegas, NV, 10-1680-MRT.
18. Citizens National Bank Springfield, Springfield, MO, 10-1206-
MRT.
19. Commonwealth United Mortgage Corporation, Mount Laurel, NJ, 10-
1637-MRT.
20. Community Mortgage, LLC, Independence, MO, 10-1050-MRT.
21. Courtesy Mortgage Company, San Diego, CA, 100-1039-MRT.
22. Crestline Funding Corporation, Irvine, CA, 10-1638-MRT.
23. Customized Mortgage Solutions, LLC, Old Tappan, NJ, 10-1404-
MRT.
24. Dominion Mortgage and Financial Services, Inc., Anderson, SC,
10-1242-MRT.
25. Ecom Mortgage, Inc., San Gabriel, CA, 10-1267-MRT.
26. EMC Mortgage Corporation, Lewisville, TX, 10-1913-MRT.
27. Entrafund Home Mortgage, LLC, Mandeville, LA, 10-1095-MRT.
28. ESB Mortgage Company, Ennis, TX, 10-1022-MRT.
29. Financial Partners Credit Union, Downey, CA, 09-9508-MRT and
09-9509-MRT.
30. First American Bank and Trust Company, Athens, GA, 09-9771-MRT.
31. First Equity Lending, Inc., Madison, WI, 10-1255-MRT.
32. First Financial Bank, N.A., Hamilton, OH, 09-9204-MRT.
33. First Mortgage Services, Inc., Baton Rouge, LA, 10-1911-MRT.
34. First Prestige Mortgage Services, Inc., Montclair, NJ, 10-1905-
MRT.
35. First Residential Mortgage, Inc., Pikesville, MD, 10-1732-MRT.
36. Gold Miners Investment, Inc., Los Angeles, CA, 10-1904-MRT.
37. Golden Gate Mortgage, Inc., Columbia, SC, 10-1867-MRT.
38. Goldman Sachs Housing and Health Care Funding Company, New
York, NY, 09-9855-MR.
39. Gotham City Mortgage Corp., East Elmhurst, NY, 10-1847-MRT.
40. Green Valley Mortgage, LLC, Fairfax, VA, 10-1063-MRT.
41. Heartland Home Mortgage, LLC, Grand Rapids, MI, 10-1740-MRT.
42. Home Mortgage Corporation, Atlanta, GA, 09-9850-MRT.
43. Hometown Bank of Corbin, Inc., Corbin, KY, 10-1020-MRT.
[[Page 45599]]
44. HR Mortgage Corporation, Caguas, PR, 10-1745-MRT.
45. Integrity Mortgage Corporation, Arlington Heights, IL, 10-1186-
MRT.
46. InterGlobal Mortgage Lending, LLC, Miami, FL, 10-1344-MRT.
47. Jay's Mortgage Acceptance Corporation, Houston, TX, 10-1914-
MRT.
48. Jones National Bank & Trust Co., Seward, NE, 10-1072-MRT.
49. Lakeshore Mortgage Group, Inc., Chesterton, IN, 10-1041-MRT.
50. Magnolia Mortgage, Inc., New Iberia, LA, 09-9848-MRT.
51. Marshall Redder Home Mortgage Corporation, Grandville, MI, 10-
1385-MRT and 10-1384-MRT.
52. Massachusetts Mortgage Corporation, Shrewsbury, MA, 09-9905-
MRT.
53. McNeil Financial Group, Inc., Lake in the Hills, IL, 10-1169-
MRT.
54. Mortgage Capital Group, Inc., Crystal Lake, IL, 09-9789-MRT.
55. Mortgage Dreams, LLC, Charlton, MA, 10-1857-MRT.
56. Mortgage Max Corporation, Las Vegas, NV, 10-1302-MRT.
57. Mortgage Square, Inc., Northbrook, IL, 10-1838-MRT.
58. N.R.F. Funding Corporation, Rockville Centre, NY, 10-1405-MRT.
New York, NY, 09-9855-MR.
59. Olmsted National Bank, Rochester, MN, 10-1765-MRT.
60. Oyster Mortgage Co., Inc., Arnold, MD, 10-1837-MRT.
61. Pacific Reverse Mortgage, Inc., San Diego, CA, 10-1920-MRT.
62. Phoenix Funding Corporation, O'Fallon, IL, 10-1335-MRT.
63. Preferred Mortgage Consultants, Inc., Northfield, OH, 10-1770-
MRT.
64. Prime Finance LLC, Parsippany, NJ, 10-1834-MRT.
65. Real Mortgage Partners, Inc., Austin, TX, 10-1263-MRT.
66. Reverse Mortgage Advisors, LLC, Tewksbury, MA, 10-1849-MRT.
67. S. P. Financing, Inc., Covina, CA, 10-1901-MRT.
68. SAI Mortgage, Inc., Springfield, VA, 10-1146-MRT.
69. Select One Mortgage, Inc., Hudson, WI, 10-1531-MRT.
70. Slocumb National Bank, Slocumb, AL, 10-1342-MRT.
71. Solution One Mortgage, LLC, South Charleston, WV, 10-1051-MRT.
72. Success Mortgage, LLC, Winchester, VA, 10-1281-MRT.
73. Summit Home Loans, Inc., Loveland, OH, 10-1057-MRT.
74. Superior Financial Services, Inc., Stow, OH, 10-1181-MRT.
75. The Construction Loan Company, Inc., Howell, MI, 10-1702-MRT.
76. The Finance Group, Modesto, CA, 19-18434-MRT.
77. The Mortgage Company, LLC, Milwaukee, WI, 09-9543-MRT.
78. The Mortgage Loan Co., Inc., San Juan, PR, 10-1923-MRT.
79. The New Vision Mortgage, LLC, Clifton, NJ, 10-1264-MRT.
80. The Paramount Funding Company, Miami, FL, 10-1127-MRT.
81. Tidewater Mortgage Services, Inc., Virginia Beach, VA, 10-1100-
MRT.
82. Tradition Mortgage, LLC, Edina, MN, 10-1106-MRT.
83. Tri-Emerald Financial Group, Inc., Lake Forest, CA, 09-9467-MR.
84. Tristar Mortgage Corporation, Staten Island, NY, 10-1785-MRT.
85. TruStone Financial Federal Credit Union, Plymouth, MN, 10-1107-
MRT.
86. UBS Real Estate Investment, Inc., Stamford, CT, 10-1918-MRT.
87. United Community Mortgage Corporation, Keyport, NJ, 10-1154-
MRT.
88. United Funding Mortgage Corp., Alpharetta, GA, 10-1803-MRT.
89. United Mortgage Corporation of America, Port Angeles, WA, 10-
1243-MRT.
90. Worldwide Capital Mortgage Corporation, Bay Shore, NY, 10-1332-
MRT.
91. Zenith Mortgage Advisors, Inc., Milford, MA, 10-1852-MRT.
Dated: July 21, 2011.
Carol Galante,
Acting Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2011-19293 Filed 7-28-11; 8:45 am]
BILLING CODE 4210-67-P
