Mortgagee Review Board: Administrative Actions, 16408-16414 [2017-06642]
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Federal Register / Vol. 82, No. 63 / Tuesday, April 4, 2017 / Notices
600 World Trade Center; Norfolk,
Virginia 23510. The Port of Virginia’s
Web site is: https://
www.portofvirginia.com/.
This meeting will be broadcast via a
web enabled interactive online format
and teleconference line. To participate
via teleconference, dial 1–855–475–
2447; the pass code to join is 764 990
20#. Additionally, if you would like to
participate in this meeting via the
online web format, please log onto
https://share.dhs.gov/nmsac/ and
follow the online instructions to register
for this meeting. If you encounter
technical difficulties, contact Mr. Ryan
Owens at (202) 302–6565.
For information on facilities or
services for individuals with
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assistance at the meetings, contact the
individual listed in FOR FURTHER
INFORMATION CONTACT below as soon as
possible.
Instructions: You are free to submit
comments at any time, including orally
at the meetings, but if you want
committee members to review your
comment before the meetings, please
submit your comments no later than
April 20, 2017. We are particularly
interested in comments on the issues in
the ‘‘Agenda’’ section below. You must
include ‘‘Department of Homeland
Security’’ and the docket number
[USCG–2017–0203] in your submission.
Written comments should be submitted
using the Federal eRulemaking Portal:
https://www.regulations.gov. If you
encounter technical difficulties, contact
Mr. Ryan F. Owens. Comments received
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FOR FURTHER INFORMATION CONTACT: Mr.
Ryan Owens, Alternate Designated
Federal Officer of the National Maritime
Security Advisory Committee, 2703
Martin Luther King Jr. Avenue SE.,
Washington, DC 20593, Stop 7581,
Washington, DC 20593–7581; telephone
202–372–1108 or email ryan.f.owens@
uscg.mil.
SUPPLEMENTARY INFORMATION: Notice of
this meeting is in compliance with the
Federal Advisory Committee Act, (Title
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5, United States Code, Appendix). The
National Maritime Security Advisory
Committee operates under the authority
of 46 U.S.C. 70112. The National
Maritime Security Advisory Committee
provides advice, consults with, and
makes recommendations to the
Secretary of Homeland Security, via the
Commandant of the Coast Guard, on
matters relating to national maritime
security.
A copy of all meeting documentation
will be available at https://
homeport.uscg.mil/NMSAC by April 25,
2017. Alternatively, you may contact
Ryan Owens as noted in the FOR
FURTHER INFORMATION CONTACT section
above.
Agenda of Meeting
Day 1
The Committee will meet to review,
discuss and formulate recommendations
on the following issues:
(1) Security and Partnerships in the
Port Of Virginia. The Committee will
receive a presentation from the Port of
Virginia providing review of how the
Port of Virginia is partnering to
implement security strategies.
(2) Container Security, Non-Intrusive
Inspection/Radiation Portal Monitors.
The Committee will discuss, receive a
briefing and provide recommendations
on Customs and Border Protections
efforts to implement non-intrusive
inspection in US ports.
(3) Unmanned Aerial Vehicles. The
increase in the use of unmanned aerial
vehicles within ports has introduced the
need to provide guidance on how to
identify and report potential suspicious
activity associated with these vehicles.
The Committee will discuss, receive a
briefing and provide guidance.
(4) Seafarer Access. The Committee
will receive a follow-on brief from a
discussion at the last October 2016
public meeting.
(5) Regulatory Update. The Committee
will receive an update brief on
regulatory efforts to date.
(6) Public Comment period.
Day 2
The Committee will meet to review,
discuss and formulate recommendations
on the following issues:
(1) Extremely Hazardous Cargo
Strategy. In July, the Coast Guard tasked
the Committee to work with the
Chemical Transportation Advisory
Committee to assist in the development
of an Extremely Hazardous Cargo
Strategy Implementation Plan. The
Committee will discuss and receive an
update from the Extremely Hazardous
Cargo Working Group on their efforts.
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(2) Cyber Security. The Committee
will discuss and receive a brief on the
current efforts to implement cyber
security strategies.
(3) Cascadia Horizon. The Committee
will discuss and receive a brief on the
results of the Coast Guard’s
participation in the Cascadia Rising
National Level exercise.
(4) Public comment period.
Public comments or questions will be
taken throughout the meeting as the
Committee discusses the issues and
prior to deliberations and voting. There
will also be a public comment period at
the end of the meeting. Speakers are
requested to limit their comments to 5
minutes. Please note that the public
comment period may end before the
period allotted, following the last call
for comments. Contact the individual
listed in the FOR FURTHER INFORMATION
CONTACT section above to register as a
speaker.
Dated: March 29, 2017.
V.B. Gifford, Jr.
Captain, U.S. Coast Guard, Director of
Inspections and Compliance.
[FR Doc. 2017–06656 Filed 4–3–17; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–6025–N–01]
Mortgagee Review Board:
Administrative Actions
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, Department of Housing
and Urban Development (‘‘HUD’’).
ACTION: Notice.
AGENCY:
In compliance with Section
202(c)(5) 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.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Nancy A. Murray, Secretary to the
Mortgagee Review Board, 451 Seventh
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
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for administrative action against a HUDapproved mortgagee’’ by HUD’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 in its meetings from October 1,
2015 to September 30, 2016.
I. Civil Money Penalties, Withdrawals
of FHA Approval, Suspensions,
Probations, Reprimands, and
Administrative Payments
1. AmCap Mortgage, Ltd., Houston, TX
[Docket No. 15–1889–MR]
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Action: On June 16, 2016, the Board
voted to accept the terms of a settlement
agreement with AmCap Mortgage, Ltd.
(‘‘AmCap’’) that required AmCap to (a)
pay a civil money penalty in the amount
of $262,500; (b) pay an additional
$75,000; and (c) refrain from making
any claim for insurance benefits and/or
indemnify HUD/FHA for all losses
associated with three HUD/FHA insured
loans. The settlement did not constitute
an admission of liability or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: AmCap (a) falsely certified to
HUD/FHA that it had complied with all
HUD/FHA regulations in its 2013 and
2014 annual certifications; (b) failed to
timely notify HUD of four incidents in
which AmCap and its employees were
sanctioned by the states of Utah and
Oklahoma; (c) failed to ensure the
correct branch identification number
was used when originating four HUD/
FHA insured mortgage loans; (d) failed
to perform quality control reviews for 43
loans that had early payment defaults;
(e) failed to perform the HUD/FHA
required management response to
address material appraisal deficiencies
identified in the quality control report
for one loan; (f) failed to include all of
the borrower’s liabilities in determining
the debt to income ratio for one loan; (g)
failed to properly document the source
of closing funds for two loans; and (h)
failed to question the appraiser’s use of
properties as comparables that were not
of the same quality as the subject
modular home for one loan.
2. BancFirst, Oklahoma City, OK
[Docket No. 16–1736]
Action: On August 25, 2016, the
Board voted to seek civil money
penalties against BancFirst. The Board
entered into a settlement agreement
with BancFirst that required BancFirst
to pay a civil money penalty in the
amount of $17,000 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: BancFirst (a) failed to properly
notify HUD/FHA it had acquired CSB
Bancshares, Inc. and its subsidiary bank,
Bank of Commerce; and (b) falsely
certified to HUD/FHA that it had
complied with all HUD/FHA regulations
in its March 1, 2016 annual
certification.
3. Bank of England, Little Rock, AR
[Docket No. 16–1669–MR]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with Bank of
England (‘‘BOE’’). Pursuant to the terms
of the settlement, BOE was required to
(a) pay a civil money penalty in the
amount of $6,500; and (b) refrain from
making any claim for insurance benefits
and/or indemnify HUD/FHA for the life
of the loan on all losses associated with
one HUD/FHA insured loan. The
settlement did not constitute an
admission of liability or fault.
Cause: The Board took this action
based on BOE’s alleged violation of
HUD/FHA requirements by its failure to
verify and adequately document the
borrowers’ source of funds for closing
for two loans.
4. Branch Banking and Trust Company,
Greensboro, NC [Docket No. 16–0075–
FC]
Action: On September 9, 2016, the
Board voted to release Branch Banking
and Trust Company (‘‘BB&T’’) from any
civil money penalties or administrative
actions as part of a settlement between
BB&T and the United States that
required BB&T to pay the United States
$83,000,000. The settlement did not
constitute an admission of liability or
fault.
Cause: The Board took this action
based on BB&T’s alleged failure to
properly originate, underwrite and
conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
5. City First Mortgage Services, LLC,
Bountiful, UT [Docket No. 15–1657–MR]
Action: On March 10, 2016, the Board
voted to accept the terms of a settlement
agreement with City First Mortgage
Services, LLC (‘‘City First’’) that
required City First to pay a civil money
penalty in the amount of $35,000
without admitting fault or liability.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: City First (a) failed to comply
with Generally Accepted Accounting
Principles by inappropriately placing
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two real estate properties, and the
mortgage loans secured by those
properties, on its 2012 and 2013 balance
sheets; (b) falsely certified to HUD/FHA
that City First had complied with all
HUD/FHA regulations in its 2014
annual certification; (c) failed to notify
HUD that City First entered into a
consent order with and paid a fine to
the State of Illinois, Department of
Financial and Professional Regulation,
Division of Banking; and (d) failed to
notify HUD that City First entered into
a settlement agreement with and paid a
penalty to the Department of Business
Oversight for the State of California.
6. First Heritage Financial, LLC.,
Trevose, PA [Docket No. 16–0000–MR]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with First Heritage
Financial, LLC (‘‘First Heritage’’). The
settlement agreement required First
Heritage to (a) pay a civil money penalty
in the amount of $120,500; and (b)
refrain from making any claim for
insurance benefits and/or indemnify
HUD/FHA for the life of the loan on all
losses associated with 36 HUD/FHA
insured loans. The settlement did not
constitute an admission of liability or
fault and the Board executed the
settlement agreement on January 3,
2017.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: First Heritage (a) falsely certified
to HUD/FHA that First Heritage had
complied with all HUD/FHA regulations
in its 2015 annual certification; (b)
failed to notify HUD that First Heritage
entered into a consent agreement and
order with and paid a fine to the
Pennsylvania Department of Banking,
Securities Compliance office; and (c)
submitted false loan certifications for 36
loan files by allowing an individual
whose mortgage loan license had been
suspended and cancelled to process the
origination of HUD/FHA insured loans.
7. First Mortgage Company, Oklahoma
City, OK [Docket No. 16–1823]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with First
Mortgage Company (‘‘First Mortgage’’).
Pursuant to the terms of the settlement
agreement, First Mortgage was required
to pay a civil money penalty in the
amount of $5,000 without admitting
fault or liability.
Cause: The Board took this action
based on First Mortgage’s alleged
violation of HUD/FHA requirements by
its failure to notify HUD that First
Mortgage entered into a consent order
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with and paid fine to the State of
Washington’s Department of Financial
Institutions.
8. Franklin American Mortgage
Company, Franklin, IN [Docket No. 15–
0094–FC]
Action: On November 29, 2015, the
Board voted to release Franklin
American Mortgage Company
(‘‘FAMC’’) from any civil money
penalties or administrative actions as
part of a settlement between FAMC and
the United States that required FAMC to
pay the United States $70,000,000. The
settlement did not constitute an
admission of liability or fault.
Cause: The Board took this action
based on FAMC’s alleged failure to
properly originate, underwrite, and
conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
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9. Freedom Mortgage Corporation,
Mount Laurel, NJ [Docket No. 16–0034–
FC]
Action: On March 10, 2016, the Board
voted to release Freedom Mortgage
Corporation (‘‘FMC’’) from any civil
money penalties or administrative
actions as part of a settlement between
FMC and the United States that required
FMC to pay the United States
$113,000,000. The settlement did not
constitute an admission of liability or
fault.
Cause: The Board took this action
based on FMC’s alleged failure to
properly originate, underwrite, and
conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
10. Golden Empire Mortgage, Inc.,
Bakersfield, CA [Docket No. 16–1670–
MR]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with Golden
Empire Mortgage, Inc. (‘‘GEMI’’).
Pursuant to the terms of the settlement
agreement, GEMI was required (a) to pay
a civil money penalty in the amount of
$128,000; and (b) refrain from making
any claim for insurance benefits and/or
indemnify HUD/FHA for all losses
associated with six HUD/FHA insured
loans. The settlement did not constitute
an admission of liability or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: GEMI (a) employed a branch
manager who was indicted for bank
fraud during his tenure with GEMI; (b)
continued to originate HUD/FHA loans
that were ineligible for insurance due to
GEMI’s continued employment of the
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indicted manager; and (c) failed to
promptly notify HUD that GEMI’s
branch manager had been indicted for
bank fraud.
11. HSBC Bank USA NA, Depew, NY
[Docket No. 16–0076–FC]
Action: On January 29, 2016, the
Board voted to release HSBC Bank USA
NA (‘‘HSBC’’) from any civil money
penalties or administrative actions as
part of a settlement between HSBC and
the United States that required HSBC to
pay the United States $100,000,000. The
settlement did not constitute an
admission of liability or fault.
Cause: The Board took this action
based on HSBC’s alleged failure to
properly service HUD/FHA insured
loans in violation of HUD/FHA
requirements.
12. Liberty Bank, Middletown, CT
[Docket No. 16–1690 MRT]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with Liberty Bank.
Pursuant to the terms of the agreement,
Liberty Bank was required to pay a civil
money penalty in the amount of $8,500
without admitting fault or liability.
Cause: The Board took this action
based on Liberty Bank’s alleged
violation of HUD/FHA requirements by
its failure to comply with HUD/FHA
merger notification requirements.
13. Manufacturers and Traders Trust
Company, Buffalo, NY [Docket No. 16–
0040–FC]
Action: On March 10, 2016, the Board
voted to release Manufacturers and
Traders Company (‘‘M&T’’) from any
civil money penalties or administrative
actions as part of a settlement between
M&T and the United States that required
M&T to pay the United States
$64,000,000. The settlement did not
constitute an admission of liability or
fault.
Cause: The Board took this action
based on M&T’s alleged failure to
properly originate, underwrite, and
conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
14. Meadowbrook Financial Mortgage
Bankers Corporation, Garden City, NY
[Docket No. 16–1661–MR]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with
Meadowbrook Financial Mortgage
Bankers Corporation (‘‘MFMBC’’) that
required MFMBC to pay a civil money
penalty in the amount of $5,000.
Cause: The Board took this action
based on MFMBC’s alleged violation of
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HUD/FHA requirements by its improper
approval of an HUD/FHA insured
mortgage for an ineligible co-borrower
as the co-borrower was a non-permanent
resident alien and was not going to
occupy the property as a principal
residence.
15. Mortgage Services III, Bloomington,
IL [Docket No. 15–1814–MR]
Action: On October 22, 2015, the
Board voted to accept the terms of a
settlement agreement with Mortgage
Services III, LLC (‘‘MSIII’’) that required
MSIII to pay a civil money penalty in
the amount of $3,500 without admitting
fault or liability.
Cause: The Board took this action
based on MSIII’s alleged violation of
HUD/FHA requirements by its failure to
obtain a payoff statement for a
subordinate lien that was to be paid off
with the proceeds of a HUD/FHA
insured mortgage.
16. Ocwen Loan Servicing, LLC, West
Palm Beach, FL [Docket No. 15–1636–
MR]
Action: On June 2, 2016, the Board
entered into a settlement agreement
with Ocwen Loan Servicing, LLC
(‘‘Ocwen’’) that required Ocwen to (a)
pay a civil money penalty in the amount
of $604,000; (b) reimburse HUD in the
amount of $225,875 for losses HUD
incurred on three HUD/FHA insured
loans; and (c) reimburse HUD in the
amount of $2,000 for loss mitigation
incentive fees with respect to two HUD/
FHA insured loans. The settlement did
not constitute an admission of liability
or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: Ocwen (a) failed to comply with
HUD’s loss mitigation requirements
with respect to seven loans; (b) failed to
send letters to borrowers’ attorneys
notifying them of the availability of loss
mitigation for four loans; (c) failed to
conduct and document that it performed
a management committee review prior
to referring loans to foreclosure for 37
loans; (d) failed to complete foreclosures
within the required time frames,
without seeking an extension of time
from HUD for 18 loans; (e) failed to
timely disburse escrow funds for
insurance and taxes, resulting in
penalties or late fees accruing to the
borrower, for five loans; (f) improperly
charged borrowers fees that were not in
accordance with HUD/FHA
requirements for 52 loans; (g) failed to
check the Limited Denial of
Participation and System for Award
Management (‘‘LDP/SAM’’) exclusion
lists prior to approving a Home
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Affordable Modification Program
(‘‘HAMP’’); (h) failed to produce or
retain portions of the servicing files as
required by HUD for five loans; (i) failed
to comply with HUD document
requests; (j) failed to accurately report
38 loans in HUD’s Single Family Default
Monitoring System (‘‘SFDMS’’); (k) sent
delinquent borrowers outdated HUD
documentation; (l) failed to implement
a quality control program that contained
all of the elements required by HUD;
and (m) failed to timely report to HUD
a regulatory action by multiple state
attorneys general and the CFPB.
17. Peoples Bank, Overland Park, KS
[Docket No. 15–1703–MR]
Action: On October 22, 2015, the
Board voted to accept the terms of a
settlement agreement with Peoples Bank
that required Peoples Bank to (a) pay a
civil money penalty in the amount of
$5,000; and (b) refrain from making any
claim for insurance benefits and/or
indemnify HUD/FHA for all losses
associated with one HUD/FHA insured
loan. The settlement did not constitute
an admission of liability or fault.
Cause: The Board took this action
based on Peoples Bank’s alleged
violation of HUD/FHA requirements by
its failure to reconcile discrepancies
with respect to verification of a
borrower’s employment.
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18. RANLife, Inc., Sandy, UT [Docket
No.16–0077–FC]
Action: On October 22, 2015, the
Board voted to accept the terms of a
settlement agreement between RANLife,
Inc. (‘‘RANLife’’) and the United States
that required RANLife to pay the United
States $1,032,714.96, of which HUD will
receive $1,001,733.51 paid over two
years. The settlement did not constitute
an admission of liability or fault.
Cause: The Board took this action
based on RANLife’s alleged violation of
HUD/FHA requirements by its failure to
properly underwrite and conduct
quality control reviews on HUD/FHA
insured loans.
19. Regions Bank, Hoover, AL [Docket
No. 16–0068–FC]
Action: On September 9, 2016, the
Board voted to release Regions Bank
(‘‘Regions’’) from any civil money
penalties or administrative actions as
part of a settlement between Regions
and the United States that required
Regions to pay the United States
$52,400,000. The settlement did not
constitute an admission of liability or
fault.
Cause: The Board took this action
based on Regions’ alleged failure to
properly originate, underwrite, and
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conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
20. Renasant Bank, Birmingham, AL
[Docket No. 16–1721–MR]
Action: On August 25, 2016, the
Board voted to accept the terms of a
settlement agreement with Renasant
Bank (‘‘Renasant’’) that required
Renasant to pay a civil money penalty
in the amount of $17,000 without
admitting fault or liability.
Cause: The Board took this action
based on the following violation of
HUD/FHA requirements alleged by
HUD: Renasant (a) failed to comply with
HUD/FHA merger notification
requirements; and (b) falsely certified to
HUD/FHA that Renasant had complied
with all HUD/FHA regulations in its
2015 annual certification.
21. Ross Mortgage Corporation, Troy, MI
[Docket No. 16–1633–MR]
Action: On April 21, 2016, the Board
voted to accept the terms of a settlement
agreement with Ross Mortgage
Corporation (‘‘RMC’’) that required RMC
to: (a) Pay a civil money penalty in the
amount of $97,500; (b) pay a sum of
$327,500; (c) pay $1,325,000 to
reimburse HUD for losses that it has
suffered, or anticipates that it will
suffer, with respect to 20 HUD/FHA
insured loans; and (d) indemnify HUD
for 33 HUD/FHA insured loans. The
settlement did not constitute an
admission of liability or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: RMC (a) failed to obtain adequate
documentation to verify the source of
funds or failed to clarify and resolve
discrepancies in the documentation
prior to the loans’ approval for HUD/
FHA insurance for 67 loans; (b)
accepted and used faxed documents
from an undisclosed source without
obtaining a copy of the original
documents or verifying the authenticity
of the information provided for 24
loans; (c) submitted false certifications
regarding the origination and processing
of seven HUD/FHA insured mortgage
loans; (d) failed to comply with HUD’s
requirements regarding the prohibition
on property flipping, or failed to obtain
and submit to HUD a complete second
appraisal for three loans; (e) failed to
consider the borrower’s liabilities in the
underwriting analysis and to verify and
document whether the borrower met
HUD/FHA requirements relating to
income, credit, and cash investment for
six loans; (f) failed to provide adequate
documentation to ensure the borrowers
were current for the month due prior to
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16411
closing on the land contract being
refinanced for one loan; (g) charged a
commitment fee without a written
guarantee that ensured the loan terms
would not change for a definite period
of time for ten loans; and (h) failed to
implement a quality control plan that
was in compliance with HUD/FHA
requirements.
22. SecurityNational Mortgage
Company, Salt Lake City, UT [Docket
No. 16–0073–FC]
Action: On September 9, 2016, the
Board voted to release SecurityNational
Mortgage Company (‘‘SNMC’’) from any
civil money penalties or administrative
actions as part of a settlement between
SNMC and the United States that
required SNMC to pay the United States
$4,250,000. The settlement did not
constitute an admission of liability or
fault.
Cause: The Board took this action
based on SNMC’s alleged failure
properly originate, underwrite, and
conduct quality control reviews for
HUD/FHA insured loans in violation of
HUD/FHA requirements.
23. Sutherland Mortgage Services, Inc.,
Houston, TX [Docket No. 16–1657–MRT]
Action: On August 25, 2016, the
Board voted to seek civil money
penalties against Sutherland Mortgage
Services, Inc. (‘‘SMS’’). The Board
entered into a settlement agreement
with SMS that required SMS to pay civil
money penalties in the amount of
$23,500.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements as alleged by
HUD: SMS (a) failed to timely submit its
annual audited financial statement and
supplemental reports; (b) failed to notify
HUD of quarterly net operating losses
exceeding 20%; and (c) failed to notify
HUD of a sanction imposed by the State
of Oklahoma.
24. TD Bank Group, Falmouth, ME
[Docket No. 15–1668–MR]
Action: On March 10, 2016, the Board
voted to accept the terms of a settlement
agreement with TD Bank Group (‘‘TD
Bank’’) that required TD Bank to pay a
civil money penalty in the amount of
$221,000 and indemnify HUD for losses
incurred for fourteen HUD/FHA insured
loans. The settlement did not constitute
an admission of liability or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements as alleged by
HUD: TD Bank (a) failed to resolve
discrepancies regarding the borrower’s
employment and bank documents with
respect to one loan; (b) failed to
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adequately document the income and/or
stability of borrower income for two
loans; (c) failed to properly document a
gift for one loan; (d) failed to properly
record a Mortgage Insurance Certificate
for one loan; (e) failed to ensure that
borrowers met credit eligibility
requirements with respect to four loans;
(f) failed to confirm that borrowers in
refinance transactions had made all
mortgage payments on loans being
refinanced within the month due for the
prior 12 months for 11 loans; (g) failed
to document the mortgage loan payoff
statements for five loans; and (h) failed
to obtain a Certification for Individual
Unit Financing as required for
condominium approval.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
25. United Shore Financial Services,
LLC., Troy MI [Docket No. 15–1566–MR]
Action: On December 17, 2015, the
Board voted to accept the terms of a
settlement agreement with United Shore
Financial Services, LLC (‘‘USFS’’) that
required USFS (a) to pay a civil money
penalty in the amount of $110,500; and
(b) refrain from making any claim for
insurance benefits and/or indemnify
HUD for losses incurred for twenty-four
HUD/FHA insured loans. The
settlement did not constitute an
admission of liability or fault.
Cause: The Board took this action
based on the following violations of
HUD/FHA requirements alleged by
HUD: USFS (a) failed to adequately
document the income or stability of
income used to qualify borrowers for
nine loans; (b) failed to adequately
document the source of funds used for
the down payment, closing costs, or
payment of debt prior to closing for
eight loans; (c) failed to consider all of
the borrowers’ liabilities in the
underwriting analysis for six loans; (d)
failed to resolve discrepancies or
irregularities with respect to social
security numbers and paystubs for one
loan; (e) failed to correctly calculate the
maximum mortgage amount for one
loan; (f) failed to properly check the
Credit Alert Verification Reporting
System (‘‘CAVRS’’) by entering the
wrong social security number and
consequently approving one loan; (g)
failed to comply with HUD’s property
flipping waiver requirements for one
loan; (h) failed to submit accurate loan
level data in FHA Connection for six
loans; and (i) charged borrowers for
credit reports in amounts that exceeded
USFS’s actual costs for ten loans.
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II. Lenders That Failed To Timely Meet
Requirements for Annual
Recertification of HUD/FHA Approval
but Came Into Compliance
Action: The Board entered into
settlement agreements with the lenders
listed below, which required the lender
to pay a civil money penalty without
admitting fault or liability.
Cause: The Board took this action
based upon allegations that the lenders
listed below failed to comply with
HUD’s annual recertification
requirements in a timely manner.
1. 1st Constitution Bank, Cranbury, NJ
($3,500) [Docket No.15–1935–MRT]
2. 1st Reliant Home Loans, Inc., Costa Mesa,
CA ($3,500) [Docket No. 15–1811–MRT]
3. ADK Bancorp, Inc., Westminster, CA
($8,500) [Docket No.15–1949–MRT]
4. Anchor Mortgage, LLC, Daniel Island, SC
($3,500) [Docket No.16–1607–MRT]
5. Approved Funding Corp., Brooklyn, NY
($8,500) [Docket No. 15–1913–MRT]
6. Arcstone Financial, Inc., Los Angeles, CA
($4,500) [Docket No.16–1839–MRT]
7. Arcstone Financial, Inc., Los Angeles, CA
($3,500) [Docket No. 15–1833–MRT]
8. Associated Credit Union of Texas, League
City, TX ($4,500) [Docket No. 16–1734–
MRT]
9. Audubon Savings Bank, Audubon, NJ
($3,500) [Docket No. 15–1652–MRT]
10. Aurora Financial Group, Inc., Marlton, NJ
($4,500) [Docket No.16–1788–MRT]
11. Bank Vista, Sartell, MN ($3,500) [Docket
No. 15–1916–MRT]
12. Bay Bank, FSB, Timonium, MD ($4,500)
[Docket No. 15–1809–MRT]
13. BCB Community Bank, Bayonne, NJ
($16,000) [Docket No. 15–1666–MRT]
14. BondCorp Realty Services, Inc., Newport
Beach, CA ($4,250) [Docket No. 15–
1859–MRT]
15. Boulder Valley Credit Union, Boulder,
CO ($8,500) [Docket No.16–1639–MRT]
16. Bridgeview Mortgage Corporation,
Franklin Square, NY ($8,500) [Docket
No. 15–1712–MRT]
17. Cache Valley Bank, Logan, UT ($3,500)
[Docket No. 14–1635–MRT]
18. Castle Mortgage Corporation, San Diego,
CA ($4,500) [Docket No. 16–1680–MRT]
19. CBC Federal Credit Union, Oxnard, CA
($3,500) [Docket No. 15–1604–MRT]
20. CenterBank, Milford, OH ($3,500) [Docket
No. 15–1897–MRT]
21. Central Bank, Tampa, FL ($3,500) [Docket
No. 15–1866–MRT]
22. Central Bank and Trust, Lander, WY
($3,500) [Docket No. 15–1590–MRT]
23. Chicago Financial Services, Inc., Chicago,
IL ($3,500) [Docket No. 15–1955–MRT]
24. Citizens National Bank of Greater St.
Louis, Maplewood, MO ($3,500) [Docket
No. 15–1581–MRT]
25. Citizens Trust Bank, Atlanta, GA, ($3,500)
[Docket No. 15–1760–MRT]
26. City Savings Bank & Trust, Deridder, LA,
($8,500) [Docket No. 15–1761–MRT]
27. Clark County Credit Union, Las Vegas,
NV ($3,500) [Docket No. 15–1829–MRT]
28. Community First National Bank,
Manhattan, KS ($3,500) [Docket No. 15–
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
1874–MRT]
29. Community Resource Credit Union,
Baytown, TX ($4,500) [Docket No. 16–
1826–MRT]
30. Community State Bank, Saint Charles, MI
($3,500) [Docket No. 15–1623–MRT]
31. Congressional Bank, Bethesda, MD
($8,500) [Docket No. 15–1763–MRT]
32. Cooperativa de Ahorro y Credito La
Puertorriquena, San Juan, PR ($8,500)
[Docket No. 16–1600–MRT]
33. CoVantage Credit Union, Antigo, WI
($4,500) [Docket No. 16–1664–MRT]
34. Crescent Mortgage Company, Atlanta, GA
($4,500) [Docket No. 15–1888–MRT]
35. Cross River Bank, Teaneck, NJ ($3,500)
[Docket No. 16–1677–MRT]
36. Directors Financial Group, Newport
Beach, CA ($4,500) [Docket No. 16–
1842–MRT]
37. DSW Mortgage, Inc., Boulder, CO ($4,500)
[Docket No. 16–1808–MRT]
38. Eagle Mortgage & Funding Inc., Memphis,
TN ($3,500) [Docket No. 15–1725–MRT]
39. Express Solutions Mortgage Corporation,
Cabo Rojo, PR ($8,500) [Docket No. 16–
1810–MRT]
40. Fifth Third Bank, Cincinnati, OH ($3,500)
[Docket No. 16–1648–MRT]
41. First Bank of the Palm Beaches, West
Palm Beach, FL ($3,500) [Docket No. 15–
1965–MRT]
42. First Capital Bank of Kentucky,
Louisville, KY ($3,500) [Docket No. 14–
1720–MRT]
43. FirstCity Bank of Commerce, Palm Beach
Gardens, FL ($3,500) [Docket No. 15–
1890–MRT]
44. First Mariner Bank, Baltimore, MD
($3,500) [Docket No. 15–1927]
45. First National Bank, Southlake, TX
($7,500) [Docket No. 15–1769–MRT]
46. First National Bank, Cortez, Cortez, CO
($4,500) [Docket No. 16–1676–MRT]
47. First National Bank, USA, Boutte, LA
($3,500) [Docket No. 15–1579–MRT]
48. First NBC Bank, New Orleans, LA
($9,468) [Docket No. 16–1844–MRT]
49. First State Bank, Omaha, NE ($3,500)
[Docket No. 15–1855–MRT]
50. First Utah Bank, Sandy, UT ($8,500)
[Docket No. 15–1715–MRT]
51. Forbix Financial, Flowood, MS ($3,500)
[Docket No. 15–1876–MRT]
52. Freedom of Maryland Federal Credit
Union, Bel Air, MD ($4,500) [Docket No.
16–1738–MRT]
53. Fremont Bank, Fremont, CA ($3,500)
[Docket No. 15–1839–MRT]
54. Global Bancorp d/b/a New Rate Lending,
Irvine, CA ($8,500) [Docket No. 15–1967–
MRT]
55. Green Bank, N.A., Houston, TX ($4,500)
[Docket No. 16–1759–MRT]
56. Guaranty Bank FSB, Milwaukee, WI
($3,500) [Docket No. 15–1898–MRT]
57. Guardian Savings Bank FSB, Cincinnati,
OH ($3,500) [Docket No. 15–1873–MRT]
58. Gulf Atlantic Funding Group, Inc., Davie,
FL ($8,500) [Docket No. 16–1643–MRT]
59. Highmark Federal Credit Union, Rapid
City, SD ($4,500) [Docket No. 16–1654–
MRT]
60. Home Bank, N.A., Lafayette, LA ($8,500)
[Docket No. 16–1642–MRT]
61. Home Federal Bank, Shreveport, LA
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($3,500) [Docket No. 15–1640–MRT]
62. Home Savings Bank, Madison, WI
($3,500) [Docket No. 16–1655–MRT]
63. HR Mortgage Corp., Caguas, PR ($8,500)
[Docket No. 15–1925- MRT]
64. iBeriaBank, Lafayette, LA ($3,500)
[Docket No. 15–1903–MRT]
65. Integrity Financial Services of Tampa
Bay, Inc., Largo, FL ($4,500) [Docket No.
16–1674–MRT]
66. International Bank of Commerce, Laredo,
TX ($3,500) [Docket No. 15–1877–MRT]
67. iServe Residential Lending LLC, San
Diego, CA ($4,500) [Docket No. 16–1813–
MRT]
68. Legends Bank, Clarksville, TN ($3,500)
[Docket No. 15–1709–MRT]
69. Liberty Mortgage Corporation,
Birmingham, AL ($3,500) [Docket No.
15–1951–MRT]
70. Magnolia Bank, Magnolia, KY ($3,500)
[Docket No. 15–1862–MRT]
71. Marketplace Home Mortgage, LLC, Edina,
MN ($3,500) [Docket No. 16–1709–MRT]
72. Massachusetts Mutual Life Insurance
Company, Springfield, MA ($3,500)
[Docket No. 15–1731–MRT]
73. MCT Credit Union, Port Neches, TX
($3,500) [Docket No. 15–1749–MRT]
74. MK Lending Corp., Los Angeles, CA
($8,500) [Docket No. 16–1656–MRT]
75. Mortgage Trust, Inc., Portland, OR
($3,500) [Docket No. 15–1936–MRT]
76. Nationwide Mortgage Bankers, Inc.,
Lebanon, NJ ($3,500) [Docket No. 15–
1942–MRT]
77. Northwest Bank of Rockford, Loves Park,
IL ($3,500) [Docket No. 15–1891–MRT]
78. PFL, Inc., San Antonio, TX ($8,500)
[Docket No. 15–1892–MRT]
79. Pacific Premier Bank, Irvine, CA ($8,500)
[Docket No. 15–1738–MRT]
80. Pacific Transportation Federal Credit
Union, Carson, CA ($3,500) [Docket No.
15–1620–MRT]
81. Parks Heritage Federal Credit Union,
Glenn Falls, NY ($3,500) [Docket No. 15–
1586–MRT]
82. Phenix-Girard Bank, Phenix City, AL
($3,500) [Docket No. 15–1648–MRT]
83. Platinum Bank, Lubbock, TX ($3,500)
[Docket No. 15–1932–MRT]
84. PMAC Lending Services, Inc., Chino
Hills, CA ($3,500) [Docket No. 15–1751–
MRT]
85. Ready Mortgage Lenders LLC, Miami, FL
($3,500) [Docket No. 15–1849–MRT]
86. Ross Mortgage Company, Inc.,
Westborough, MA ($3,500) [Docket No.
16–1640–MRT]
87. Scient Federal Credit Union, Groton, CT
($3,500) [Docket No.15–1906–MRT]
88. Seattle Metropolitan Credit Union,
Seattle, WA ($3,500) [Docket No. 15–
1918–MRT]
89. Seckel Capital LLC, Newtown, PA
($3,500) [Docket No.15–1583–MRT]
90. SecurityPlus Federal Credit Union,
Baltimore, MD ($10,000) [Docket No. 15–
1781–MRT]
91. Southeast Funding Alliance, Inc.,
Orlando, FL ($8,500) [Docket No. 15–
1934–MRT]
92. Southern Crescent Mortgage and
Investment Corporation, Fayetteville, GA
($3,500) [Docket No.16–1619–MRT]
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93. SpiritBank, N.A., Tulsa, Ok ($3,500)
[Docket No. 15–1910–MRT]
94. Standard Pacific Mortgage Inc., Irvine, CA
($4,500) [Docket No. 16–1847–MRT]
95. Sterling United Federal Credit Union,
Evansville, IN ($3,500) [Docket No. 15–
1954–MRT]
96. Supreme Funding Corporation, Arcadia,
CA ($3,500) [Docket No.15–1589–MRT]
97. Telco Triad Community Credit Union,
Sioux City, IA ($8,500) [Docket No. 15–
1785–MRT]
98. Texas Tech Federal Credit Union,
Lubbock, TX ($4,500) [Docket No. 15–
1719–MRT]
99. United Texas Bank, Dallas, TX ($3,500)
[Docket No. 15–1615–MRT]
100. University First Federal Credit Union,
Salt Lake City, UT ($3,500) [Docket No.
15–1923–MRT]
101. U.S. Financial Group, Inc., Lake Charles,
LA ($3,500) [Docket No. 15–1909–MRT]
102. Wall Financial, Inc., Los Angeles, CA
($3,500) [Docket No.15–1958–MRT]
103. West One Capital Group, Inc., Newport
Beach, CA ($3,500) [Docket No. 15–
1850–MRT]
104. West Town Bank & Trust, Frederick, MD
($3,500) [Docket No. 15–1949–MRT]
105. Willamette Valley Bank, Salem, OR
($4,500) [Docket No. 16–1786–MRT]
106. Winona National Bank, Winona, MN
($3,500) [Docket No. 15–1796–MRT]
III. Lenders That Failed To Meet
Requirements for Annual
Recertification of HUD/FHA Approval
Action: The Board voted to withdraw
the FHA approval of each of the lenders
listed below for a period of one (1) year.
Cause: The Board took this action
based upon allegations that the lenders
listed below were not in compliance
with HUD’s annual recertification
requirements.
1. ACNB Bank, Gettysburg, PA [Docket No.
17–173–MRT]
2. Adams Mortgage, LLC, Colorado Springs,
CO [Docket No. 15–1907–MRT]
3. Advance Mortgage Bankers, Inc., Bayamon,
PR [Docket No. 17–1802–MRT]
4. Advantage Financial Mortgage Bankers,
Inc., Robbinsville, NJ [Docket No. 15–
1802–MRT]
5. Agree Capital Corporation, Fresh
Meadows, NY [Docket No. 17–1809–
MRT]
6. AIG Federal Savings Bank, Wilmington,
DE [Docket No. 17–1765–MRT]
7. Air Force Federal Credit Union, San
Antonio, TX [Docket No. 17–1789–MRT]
8. AllQuest Home Mortgage Corporation,
Houston, TX [Docket No. 15–1792–MRT]
9. Amera Mortgage Corporation, Milford, MI
[Docket No. 17–1756–MRT]
10. American Investors Bank & Mortgage,
Eden Prairie, MN [Docket No. 17–1810–
MRT]
11. Americas Mortgage LLC, Wheat Ridge,
CO [Docket No. 17–1757–MRT]
12. Anchor Funding Corporation, Norcross,
GA [Docket No. 17–1790–MRT]
13. Bank of Commerce, Yukon, OK [Docket
No. 16–1783–MRT]
14. Bank of Manhattan, NA, El Segundo, CA
PO 00000
Frm 00080
Fmt 4703
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16413
[Docket No. 17–1734–MRT]
15. Bank of Union, El Reno, OK [Docket No.
17–1782–MRT]
16. Bank Tennessee, Germantown, TN
[Docket No. 14–1590–MRT]
17. Bankers Financial Group, Inc., Bowie,
MD [Docket No. 17–1766–MRT]
18. Bankers Mortgage and Investment Group,
Inc., Overland Park, KS [Docket No. 15–
1663–MRT]
19. Battery Park City Authority, New York,
NY [Docket No. 17–1811–MRT]
20. Beacon Federal, East Syracuse, NY
[Docket No. 17–1791–MRT]
21. Berkshire Bank, Wyomissing, PA [Docket
No. 16–1841–MRT]
22. Biopharmaceutica Coop, Carolina, PR
[Docket No. 15–1641–MRT]
23. Blanco National Bank, Spring Branch, TX
[Docket No. 17–1758–MRT]
24. BondCorp Realty Services, Inc., Newport
Beach, CA [Docket No. 17–1829–MRT]
25. Boulevard Bank, Neosho, MO [Docket No.
17–1792–MRT]
26. Buffalo Trace Area Development District,
Maysville, KY [Docket No. 17–1812–
MRT]
27. C F Funding Corporation, Naperville, IL
[Docket No. 16–1779–MRT]
28. Carnegie Mortgage, LLC, Irvine, CA
[Docket No. 17–1738–MRT]
29. Cavalier Mortgage Group, Inc., Raleigh,
NC [Docket No. 15–1804–MRT]
30. Chicago Bancorp, Inc., Chicago, IL
[Docket No. 16–1848–MRT]
31. Citizen Home Loans of America, Inc.,
Dayton, OH [Docket No. 17–1813–MRT]
32. Citizens National Bank, N.A., Bossier
City, LA [Docket No. 15–1728–MRT]
33. ClearSpring Loan Services, Inc., Dallas,
TX [Docket No. 16–1653–MRT]
34. CMS Bank, White Plains, NY [Docket No.
17–1793–MRT]
35. Cobalt Mortgage, Kirkland, WA [Docket
No. 17–1739–MRT]
36. Colonial American Bank, Shrewsbury, NJ
[Docket No. 17–1803–MRT]
37. Community Bank-Wheaton Glen Ellyn,
Glen Ellyn, IL [Docket No. 17–1814–
MRT]
38. Corridor Mortgage Company, LLC,
Bristol, PA [Docket No. 17–1804–MRT]
39. Covenant Bank, Leeds, AL [Docket No.
17–1740–MRT]
40. Day Air Credit Union, Kettering, OH
[Docket No. 15–1611–MRT]
41. Dexter Credit Union, Central Falls, RI
[Docket No. 16–1744–MRT]
42. Doral Bank, San Juan, PR [Docket No. 17–
1741–MRT]
43. Doral Financial Corporation, San Juan, PR
[Docket No. 17–1742–MRT]
44. Evergreen Credit Union, Portland, ME
[Docket No. 17–1794–MRT]
45. Farmers Bank & Trust Company,
Blytheville, AR [Docket No. 15–1917–
MRT]
46. Farmers Citizens Bank, Dublin, OH
[Docket No. 17–1767–MRT]
47. Farmington Financial Group LLC,
Nashville, TN [Docket No. 17–1759–
MRT]
48. FedTrust Mortgage LLC, Farmington
Hills, MI [Docket No. 17–1795–MRT]
49. FirstBank, Strasburg, VA [Docket No. 17–
1815–MRT]
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50. First Capital Mortgage Group, Inc.,
Pittsburgh, PA [Docket No. 17–1768–
MRT]
51. First Century Bank, N.A., Gainesville, GA
[Docket No. 16–1878–MRT]
52. First Choice Bank, Cerritos, CA [Docket
No. 15–1843–MRT]
53. First Commercial Bank, Oklahoma City,
OK [Docket No. 15–1572–MRT]
54. First Financial Services, Charlotte, NC
[Docket No. 17–1751–MRT]
55. First Florida Credit Union, Jacksonville,
FL [Docket No. 17–1816–MRT]
56. First National Bank, Camdenton, MO
[Docket No. 17–1783–MRT]
57. First Savings Bank of Perkasie, Perkasie,
PA [Docket No. 17–1750–MRT]
58. First Southern Capital Development
Corporation, Rancho Palos Verdes, CA
[Docket No. 17–1755–MRT]
59. First State Bank Mortgage Company, LLC,
Clinton Township, MI [Docket No. 17–
1743–MRT]
60. Flatbush Federal Savings, Brooklyn, NY
[Docket No. 17–1760–MRT]
61. Florida Bank of Commerce, Orlando, FL
[Docket No. 15–1797–MRT]
62. Foundation First Bank, Omaha, NE
[Docket No. 15–1742–MRT]
63. Frontier State Bank, Oklahoma City, OK
[Docket No. 16–1787–MRT]
64. Gateway Bank, F.S.B., Oakland, CA
[Docket No. 15–1658–MRT]
65. Gencor Mortgage, Inc., Scottsdale, AZ
[Docket No. 17–1769–MRT]
66. Global Advisory Group, Inc., Everett, WA
[Docket No. 17–1770–MRT]
67. Grand Bank, N.A., Hamilton, NJ [Docket
No. 15–1729–MRT]
68. Guaranteed Home Mortgage Company,
Inc., White Plains, NY [Docket No. 17–
1771–MRT]
69. Hana Financial, Inc., Los Angeles, CA
[Docket No. 17–1817–MRT]
70. Harbor National Bank, Mt. Pleasant, SC
[Docket No. 17–1752–MRT]
71. Harvard Home Mortgage, Inc., Annapolis,
MD [Docket No. 17–1772–MRT]
72. Heritage Bank, Jonesboro, AR [Docket No.
17–1773–MRT]
73. Hickory Point Bank and Trust, F.S.B.,
Decatur, IL [Docket No. 15–1929–MRT]
74. Home Federal Bank, Nampa, ID [Docket
No. 15–1640–MRT]
75. Home Loan Center, Inc., Irvine, CA
[Docket No. 17–1784–MRT]
76. Homeowners Mortgage of America, Inc.,
Jacksonville, FL [Docket No. 17–1774–
MRT]
77. Housing Authority of the Osage Tribe,
Hominy, OK [Docket No. 17–1818–MRT]
78. Hudson City Savings Bank, Paramus, NJ
[Docket No. 17–1805–MRT]
79. Infinity Federal Credit Union, Westbrook,
ME [Docket No. 17–1747–MRT]
80. Integrated Financial Group, Inc.,
Newtown PA [Docket No. 17–1775–MRT]
81. Kenilworth Financial, Oakbrook, Terrace,
IL [Docket No. 17–1764–MRT]
82. Lafayette Federal Credit Union,
Kensington, MD [Docket No. 16–1853–
MRT]
83. Lake Federal Bank, FSB, Hammond, IN
[Docket No. 16–1694–MRT]
84. Landmark Credit Union, New Berlin, WI
[Docket No. 17–1796–MRT]
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85. Lending Solutions, Inc., Duluth, GA
[Docket No. 16–1767–MRT]
86. LGE Community Credit Union, Marietta,
GA [Docket No. 16–1678–MRT]
87. Liberty Bank of Arkansas, Jonesboro, AR
[Docket No. 17–1776–MRT]
88. Loan One Mortgage Co., Inc., Westerville,
OH [Docket No. 16–1629–MRT]
89. Main Street Financial, Inc., Indianapolis,
IN [Docket No. 17–1819–MRT]
90. Medallion Mortgage Company LLC,
Agoura Hills, CA [Docket No. 17–177–
MRT]
91. Menna Company, Marietta, GA [Docket
No. 16–1726–MRT]
92. Meridian Lending Corporation, Lone
Tree, CO [Docket No. 17–1761–MRT]
93. Metropolitan National Bank, Springfield,
MO [Docket No. 17–1820–MRT]
94. Midwest Mortgage Capital, LLC, Saint
Louis, MO [Docket No. 15–1803–MRT]
95. Minneapolis Community Development
Agency, Minneapolis, MN [Docket No.
17–1821–MRT]
96. Monument Bank, Rockville, MD [Docket
No. 17–1735–MRT]
97. Mortgage Factory, Inc., Houston, TX
[Docket No. 15–1944–MRT]
98. Mortgage House, San Juan, PR [Docket
No. 16–1646–MRT]
99. Mortgage Investors Corporation, Saint
Petersburg, FL [Docket No. 16–1747–
MRT]
100. Mortgage Resources, Inc., Chesterfield,
MO [Docket No. 17–1778–MRT]
101. MVB Bank, Inc., Bridgeport, WV [Docket
No. 17–1744–MRT]
102. Naugatuck Valley Savings and Loan,
Naugatuck, CT [Docket No. 16–1755–
MRT]
103. NE Moves Mortgage, LLC, Waltham, MA
[Docket No. 17–1822–MRT]
104. Nebraska Investment Finance Authority,
Lincoln, NE [Docket No. 17–1823–MRT]
105. North Jersey Federal Credit Union,
Totowa, NJ [Docket No. 17–1736–MRT]
106. Northwest Georgia Bank, Ringgold, GA
[Docket No. 15–1878–MRT]
107. NYMEO Federal Credit Union,
Frederick, MD [Docket No. 15–1795–
MRT]
108. Oasis Bank, SSB, Houston, TX [Docket
No. 17–1785–MRT]
109. One Mortgage, Inc., Irving, TX [Docket
No. 17–1786–MRT]
110. Palmetto South Mortgage Corporation,
Columbia, SC [Docket No. 17–1787–
MRT]
111. Patriot Bank Mortgage, Inc., Houston,
TX [Docket No. 17–1806–MRT]
112. Raaven Capital, Inc., Olympia, WA
[Docket No. 17–1807–MRT]
113. RBS Mortgage Corporation, San Juan, PR
[Docket No. 17–1797–MRT]
114. Red Stone Agency Lending, LLC, New
York, NY [Docket No. 17–1798–MRT]
115. Reliant Mortgage Company, LLC,
Beverly MA [Docket No. 15–1751–MRT]
116. Renew Financial Corporation II,
Allentown, PA [Docket No. 17–1824–
MRT]
117. Resource Mortgage Banking LTD,
Tarrytown, NY [Docket No. 17–1788–
MRT]
118. Resurgent Capital Services, LP,
Greenville, SC [Docket No. 17–1753–
PO 00000
Frm 00081
Fmt 4703
Sfmt 9990
MRT]
119. Reverse Mortgage USA, Inc., Dallas TX
[Docket No. 17–1762–MRT]
120. Roundpoint Mortgage Company,
Charlotte, NC [Docket No. 17–1745–
MRT]
121. S Bank, Glennville, GA [Docket No. 15–
1661–MRT]
122. Sanford Institution for Savings, Sanford,
ME [Docket No. 17–1799–MRT]
123. Schaeffer Mortgage Corporation,
Londonderry, NH [Docket No. 17–1825–
MRT]
124. Seasons Federal Credit Union,
Middletown, CT [Docket No. 15–1883–
MRT]
125. Sherburne State Bank, Saint Cloud, MN
[Docket No. 17–1779–MRT]
126. Sidus Financial, LLC, Greensboro, NC
[Docket No. 16–1811–MRT]
127. Solera National Bank, Colorado Springs,
CO [Docket No. 17–1808–MRT]
128. Southern Bank, Poplar Bluff, MO
[Docket No. 17–1826–MRT]
129. Southern Puget Sound Inter Tribal
Housing Authority, Shelton, WA [Docket
No. 17–1827–MRT]
130. Summit Bank, Little Rock, AR [Docket
No. 15–1807–MRT]
131. Texas Bay Area Credit Union, Houston,
TX [Docket No. 17–1749–MRT]
132. The First National Bank Layton, Layton,
UT [Docket No. 17–1754–MRT]
133. The Harbor Bank of Maryland,
Baltimore, MD [Docket No. 15–1714–
MRT]
134. Trust One Mortgage Corporation, Irvine,
CA [Docket No. 17–1748–MRT]
135. TXL Mortgage Corporation, Houston, TX
[Docket No. 17–1746–MRT]
136. United Bank, West Springfield, MA,
[Docket No. 15–1788–MRT]
137. Union Federal Savings Bank, North
Providence, RI [Docket No. 17–1800–
MRT]
138. Valley Bank, Davenport, IA [Docket No.
17–1780–MRT]
139. Valley National Bank, Tulsa, OK [Docket
No. 15–1746–MRT]
140. Virginia Heritage Bank, Vienna, VA
[Docket No. 15–1919–MRT]
141. Vist Bank, Reading, PA [Docket No. 17–
1781–MRT]
142. Visterra Credit Union, Moreno Valley,
CA [Docket No. 16–1822–MRT]
143. Washington First Bank, Reston, VA
[Docket No. 16–1795–MRT]
144. WCS Funding Group, Inc., Baltimore,
MD [Docket No. 15–1915–MRT]
145. Western Heritage Bank, N.A., Las
Cruces, NM [Docket No. 17–1801–MRT]
146. Wingspan Portfolio Advisors, LLC,
Dallas, TX [Docket No. 17–1763–MRT]
147. Your Community Bank, New Albany, IN
[Docket No. 17–828–MRT]
Dated: March 30, 2017.
Genger Charles,
General Deputy Assistant Secretary, for
Housing/FHA Commissioner, Chairman,
Mortgagee Review Board.
[FR Doc. 2017–06642 Filed 4–3–17; 8:45 am]
BILLING CODE 4210–67–P
E:\FR\FM\04APN1.SGM
04APN1
Agencies
[Federal Register Volume 82, Number 63 (Tuesday, April 4, 2017)]
[Notices]
[Pages 16408-16414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06642]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6025-N-01]
Mortgagee Review Board: Administrative Actions
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, Department of Housing and Urban Development (``HUD'').
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In compliance with Section 202(c)(5) 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: Nancy A. Murray, Secretary to the
Mortgagee Review Board, 451 Seventh 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
[[Page 16409]]
for administrative action against a HUD-approved mortgagee'' by HUD'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 in its meetings from October 1, 2015 to September
30, 2016.
I. Civil Money Penalties, Withdrawals of FHA Approval, Suspensions,
Probations, Reprimands, and Administrative Payments
1. AmCap Mortgage, Ltd., Houston, TX [Docket No. 15-1889-MR]
Action: On June 16, 2016, the Board voted to accept the terms of a
settlement agreement with AmCap Mortgage, Ltd. (``AmCap'') that
required AmCap to (a) pay a civil money penalty in the amount of
$262,500; (b) pay an additional $75,000; and (c) refrain from making
any claim for insurance benefits and/or indemnify HUD/FHA for all
losses associated with three HUD/FHA insured loans. The settlement did
not constitute an admission of liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: AmCap (a) falsely certified to
HUD/FHA that it had complied with all HUD/FHA regulations in its 2013
and 2014 annual certifications; (b) failed to timely notify HUD of four
incidents in which AmCap and its employees were sanctioned by the
states of Utah and Oklahoma; (c) failed to ensure the correct branch
identification number was used when originating four HUD/FHA insured
mortgage loans; (d) failed to perform quality control reviews for 43
loans that had early payment defaults; (e) failed to perform the HUD/
FHA required management response to address material appraisal
deficiencies identified in the quality control report for one loan; (f)
failed to include all of the borrower's liabilities in determining the
debt to income ratio for one loan; (g) failed to properly document the
source of closing funds for two loans; and (h) failed to question the
appraiser's use of properties as comparables that were not of the same
quality as the subject modular home for one loan.
2. BancFirst, Oklahoma City, OK [Docket No. 16-1736]
Action: On August 25, 2016, the Board voted to seek civil money
penalties against BancFirst. The Board entered into a settlement
agreement with BancFirst that required BancFirst to pay a civil money
penalty in the amount of $17,000 without admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: BancFirst (a) failed to
properly notify HUD/FHA it had acquired CSB Bancshares, Inc. and its
subsidiary bank, Bank of Commerce; and (b) falsely certified to HUD/FHA
that it had complied with all HUD/FHA regulations in its March 1, 2016
annual certification.
3. Bank of England, Little Rock, AR [Docket No. 16-1669-MR]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with Bank of England (``BOE''). Pursuant to the
terms of the settlement, BOE was required to (a) pay a civil money
penalty in the amount of $6,500; and (b) refrain from making any claim
for insurance benefits and/or indemnify HUD/FHA for the life of the
loan on all losses associated with one HUD/FHA insured loan. The
settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on BOE's alleged violation
of HUD/FHA requirements by its failure to verify and adequately
document the borrowers' source of funds for closing for two loans.
4. Branch Banking and Trust Company, Greensboro, NC [Docket No. 16-
0075-FC]
Action: On September 9, 2016, the Board voted to release Branch
Banking and Trust Company (``BB&T'') from any civil money penalties or
administrative actions as part of a settlement between BB&T and the
United States that required BB&T to pay the United States $83,000,000.
The settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on BB&T's alleged failure
to properly originate, underwrite and conduct quality control reviews
for HUD/FHA insured loans in violation of HUD/FHA requirements.
5. City First Mortgage Services, LLC, Bountiful, UT [Docket No. 15-
1657-MR]
Action: On March 10, 2016, the Board voted to accept the terms of a
settlement agreement with City First Mortgage Services, LLC (``City
First'') that required City First to pay a civil money penalty in the
amount of $35,000 without admitting fault or liability.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: City First (a) failed to comply
with Generally Accepted Accounting Principles by inappropriately
placing two real estate properties, and the mortgage loans secured by
those properties, on its 2012 and 2013 balance sheets; (b) falsely
certified to HUD/FHA that City First had complied with all HUD/FHA
regulations in its 2014 annual certification; (c) failed to notify HUD
that City First entered into a consent order with and paid a fine to
the State of Illinois, Department of Financial and Professional
Regulation, Division of Banking; and (d) failed to notify HUD that City
First entered into a settlement agreement with and paid a penalty to
the Department of Business Oversight for the State of California.
6. First Heritage Financial, LLC., Trevose, PA [Docket No. 16-0000-MR]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with First Heritage Financial, LLC (``First
Heritage''). The settlement agreement required First Heritage to (a)
pay a civil money penalty in the amount of $120,500; and (b) refrain
from making any claim for insurance benefits and/or indemnify HUD/FHA
for the life of the loan on all losses associated with 36 HUD/FHA
insured loans. The settlement did not constitute an admission of
liability or fault and the Board executed the settlement agreement on
January 3, 2017.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: First Heritage (a) falsely
certified to HUD/FHA that First Heritage had complied with all HUD/FHA
regulations in its 2015 annual certification; (b) failed to notify HUD
that First Heritage entered into a consent agreement and order with and
paid a fine to the Pennsylvania Department of Banking, Securities
Compliance office; and (c) submitted false loan certifications for 36
loan files by allowing an individual whose mortgage loan license had
been suspended and cancelled to process the origination of HUD/FHA
insured loans.
7. First Mortgage Company, Oklahoma City, OK [Docket No. 16-1823]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with First Mortgage Company (``First
Mortgage''). Pursuant to the terms of the settlement agreement, First
Mortgage was required to pay a civil money penalty in the amount of
$5,000 without admitting fault or liability.
Cause: The Board took this action based on First Mortgage's alleged
violation of HUD/FHA requirements by its failure to notify HUD that
First Mortgage entered into a consent order
[[Page 16410]]
with and paid fine to the State of Washington's Department of Financial
Institutions.
8. Franklin American Mortgage Company, Franklin, IN [Docket No. 15-
0094-FC]
Action: On November 29, 2015, the Board voted to release Franklin
American Mortgage Company (``FAMC'') from any civil money penalties or
administrative actions as part of a settlement between FAMC and the
United States that required FAMC to pay the United States $70,000,000.
The settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on FAMC's alleged failure
to properly originate, underwrite, and conduct quality control reviews
for HUD/FHA insured loans in violation of HUD/FHA requirements.
9. Freedom Mortgage Corporation, Mount Laurel, NJ [Docket No. 16-0034-
FC]
Action: On March 10, 2016, the Board voted to release Freedom
Mortgage Corporation (``FMC'') from any civil money penalties or
administrative actions as part of a settlement between FMC and the
United States that required FMC to pay the United States $113,000,000.
The settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on FMC's alleged failure to
properly originate, underwrite, and conduct quality control reviews for
HUD/FHA insured loans in violation of HUD/FHA requirements.
10. Golden Empire Mortgage, Inc., Bakersfield, CA [Docket No. 16-1670-
MR]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with Golden Empire Mortgage, Inc. (``GEMI'').
Pursuant to the terms of the settlement agreement, GEMI was required
(a) to pay a civil money penalty in the amount of $128,000; and (b)
refrain from making any claim for insurance benefits and/or indemnify
HUD/FHA for all losses associated with six HUD/FHA insured loans. The
settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: GEMI (a) employed a branch
manager who was indicted for bank fraud during his tenure with GEMI;
(b) continued to originate HUD/FHA loans that were ineligible for
insurance due to GEMI's continued employment of the indicted manager;
and (c) failed to promptly notify HUD that GEMI's branch manager had
been indicted for bank fraud.
11. HSBC Bank USA NA, Depew, NY [Docket No. 16-0076-FC]
Action: On January 29, 2016, the Board voted to release HSBC Bank
USA NA (``HSBC'') from any civil money penalties or administrative
actions as part of a settlement between HSBC and the United States that
required HSBC to pay the United States $100,000,000. The settlement did
not constitute an admission of liability or fault.
Cause: The Board took this action based on HSBC's alleged failure
to properly service HUD/FHA insured loans in violation of HUD/FHA
requirements.
12. Liberty Bank, Middletown, CT [Docket No. 16-1690 MRT]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with Liberty Bank. Pursuant to the terms of the
agreement, Liberty Bank was required to pay a civil money penalty in
the amount of $8,500 without admitting fault or liability.
Cause: The Board took this action based on Liberty Bank's alleged
violation of HUD/FHA requirements by its failure to comply with HUD/FHA
merger notification requirements.
13. Manufacturers and Traders Trust Company, Buffalo, NY [Docket No.
16-0040-FC]
Action: On March 10, 2016, the Board voted to release Manufacturers
and Traders Company (``M&T'') from any civil money penalties or
administrative actions as part of a settlement between M&T and the
United States that required M&T to pay the United States $64,000,000.
The settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on M&T's alleged failure to
properly originate, underwrite, and conduct quality control reviews for
HUD/FHA insured loans in violation of HUD/FHA requirements.
14. Meadowbrook Financial Mortgage Bankers Corporation, Garden City, NY
[Docket No. 16-1661-MR]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with Meadowbrook Financial Mortgage Bankers
Corporation (``MFMBC'') that required MFMBC to pay a civil money
penalty in the amount of $5,000.
Cause: The Board took this action based on MFMBC's alleged
violation of HUD/FHA requirements by its improper approval of an HUD/
FHA insured mortgage for an ineligible co-borrower as the co-borrower
was a non-permanent resident alien and was not going to occupy the
property as a principal residence.
15. Mortgage Services III, Bloomington, IL [Docket No. 15-1814-MR]
Action: On October 22, 2015, the Board voted to accept the terms of
a settlement agreement with Mortgage Services III, LLC (``MSIII'') that
required MSIII to pay a civil money penalty in the amount of $3,500
without admitting fault or liability.
Cause: The Board took this action based on MSIII's alleged
violation of HUD/FHA requirements by its failure to obtain a payoff
statement for a subordinate lien that was to be paid off with the
proceeds of a HUD/FHA insured mortgage.
16. Ocwen Loan Servicing, LLC, West Palm Beach, FL [Docket No. 15-1636-
MR]
Action: On June 2, 2016, the Board entered into a settlement
agreement with Ocwen Loan Servicing, LLC (``Ocwen'') that required
Ocwen to (a) pay a civil money penalty in the amount of $604,000; (b)
reimburse HUD in the amount of $225,875 for losses HUD incurred on
three HUD/FHA insured loans; and (c) reimburse HUD in the amount of
$2,000 for loss mitigation incentive fees with respect to two HUD/FHA
insured loans. The settlement did not constitute an admission of
liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: Ocwen (a) failed to comply with
HUD's loss mitigation requirements with respect to seven loans; (b)
failed to send letters to borrowers' attorneys notifying them of the
availability of loss mitigation for four loans; (c) failed to conduct
and document that it performed a management committee review prior to
referring loans to foreclosure for 37 loans; (d) failed to complete
foreclosures within the required time frames, without seeking an
extension of time from HUD for 18 loans; (e) failed to timely disburse
escrow funds for insurance and taxes, resulting in penalties or late
fees accruing to the borrower, for five loans; (f) improperly charged
borrowers fees that were not in accordance with HUD/FHA requirements
for 52 loans; (g) failed to check the Limited Denial of Participation
and System for Award Management (``LDP/SAM'') exclusion lists prior to
approving a Home
[[Page 16411]]
Affordable Modification Program (``HAMP''); (h) failed to produce or
retain portions of the servicing files as required by HUD for five
loans; (i) failed to comply with HUD document requests; (j) failed to
accurately report 38 loans in HUD's Single Family Default Monitoring
System (``SFDMS''); (k) sent delinquent borrowers outdated HUD
documentation; (l) failed to implement a quality control program that
contained all of the elements required by HUD; and (m) failed to timely
report to HUD a regulatory action by multiple state attorneys general
and the CFPB.
17. Peoples Bank, Overland Park, KS [Docket No. 15-1703-MR]
Action: On October 22, 2015, the Board voted to accept the terms of
a settlement agreement with Peoples Bank that required Peoples Bank to
(a) pay a civil money penalty in the amount of $5,000; and (b) refrain
from making any claim for insurance benefits and/or indemnify HUD/FHA
for all losses associated with one HUD/FHA insured loan. The settlement
did not constitute an admission of liability or fault.
Cause: The Board took this action based on Peoples Bank's alleged
violation of HUD/FHA requirements by its failure to reconcile
discrepancies with respect to verification of a borrower's employment.
18. RANLife, Inc., Sandy, UT [Docket No.16-0077-FC]
Action: On October 22, 2015, the Board voted to accept the terms of
a settlement agreement between RANLife, Inc. (``RANLife'') and the
United States that required RANLife to pay the United States
$1,032,714.96, of which HUD will receive $1,001,733.51 paid over two
years. The settlement did not constitute an admission of liability or
fault.
Cause: The Board took this action based on RANLife's alleged
violation of HUD/FHA requirements by its failure to properly underwrite
and conduct quality control reviews on HUD/FHA insured loans.
19. Regions Bank, Hoover, AL [Docket No. 16-0068-FC]
Action: On September 9, 2016, the Board voted to release Regions
Bank (``Regions'') from any civil money penalties or administrative
actions as part of a settlement between Regions and the United States
that required Regions to pay the United States $52,400,000. The
settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on Regions' alleged failure
to properly originate, underwrite, and conduct quality control reviews
for HUD/FHA insured loans in violation of HUD/FHA requirements.
20. Renasant Bank, Birmingham, AL [Docket No. 16-1721-MR]
Action: On August 25, 2016, the Board voted to accept the terms of
a settlement agreement with Renasant Bank (``Renasant'') that required
Renasant to pay a civil money penalty in the amount of $17,000 without
admitting fault or liability.
Cause: The Board took this action based on the following violation
of HUD/FHA requirements alleged by HUD: Renasant (a) failed to comply
with HUD/FHA merger notification requirements; and (b) falsely
certified to HUD/FHA that Renasant had complied with all HUD/FHA
regulations in its 2015 annual certification.
21. Ross Mortgage Corporation, Troy, MI [Docket No. 16-1633-MR]
Action: On April 21, 2016, the Board voted to accept the terms of a
settlement agreement with Ross Mortgage Corporation (``RMC'') that
required RMC to: (a) Pay a civil money penalty in the amount of
$97,500; (b) pay a sum of $327,500; (c) pay $1,325,000 to reimburse HUD
for losses that it has suffered, or anticipates that it will suffer,
with respect to 20 HUD/FHA insured loans; and (d) indemnify HUD for 33
HUD/FHA insured loans. The settlement did not constitute an admission
of liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: RMC (a) failed to obtain
adequate documentation to verify the source of funds or failed to
clarify and resolve discrepancies in the documentation prior to the
loans' approval for HUD/FHA insurance for 67 loans; (b) accepted and
used faxed documents from an undisclosed source without obtaining a
copy of the original documents or verifying the authenticity of the
information provided for 24 loans; (c) submitted false certifications
regarding the origination and processing of seven HUD/FHA insured
mortgage loans; (d) failed to comply with HUD's requirements regarding
the prohibition on property flipping, or failed to obtain and submit to
HUD a complete second appraisal for three loans; (e) failed to consider
the borrower's liabilities in the underwriting analysis and to verify
and document whether the borrower met HUD/FHA requirements relating to
income, credit, and cash investment for six loans; (f) failed to
provide adequate documentation to ensure the borrowers were current for
the month due prior to closing on the land contract being refinanced
for one loan; (g) charged a commitment fee without a written guarantee
that ensured the loan terms would not change for a definite period of
time for ten loans; and (h) failed to implement a quality control plan
that was in compliance with HUD/FHA requirements.
22. SecurityNational Mortgage Company, Salt Lake City, UT [Docket No.
16-0073-FC]
Action: On September 9, 2016, the Board voted to release
SecurityNational Mortgage Company (``SNMC'') from any civil money
penalties or administrative actions as part of a settlement between
SNMC and the United States that required SNMC to pay the United States
$4,250,000. The settlement did not constitute an admission of liability
or fault.
Cause: The Board took this action based on SNMC's alleged failure
properly originate, underwrite, and conduct quality control reviews for
HUD/FHA insured loans in violation of HUD/FHA requirements.
23. Sutherland Mortgage Services, Inc., Houston, TX [Docket No. 16-
1657-MRT]
Action: On August 25, 2016, the Board voted to seek civil money
penalties against Sutherland Mortgage Services, Inc. (``SMS''). The
Board entered into a settlement agreement with SMS that required SMS to
pay civil money penalties in the amount of $23,500.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements as alleged by HUD: SMS (a) failed to timely
submit its annual audited financial statement and supplemental reports;
(b) failed to notify HUD of quarterly net operating losses exceeding
20%; and (c) failed to notify HUD of a sanction imposed by the State of
Oklahoma.
24. TD Bank Group, Falmouth, ME [Docket No. 15-1668-MR]
Action: On March 10, 2016, the Board voted to accept the terms of a
settlement agreement with TD Bank Group (``TD Bank'') that required TD
Bank to pay a civil money penalty in the amount of $221,000 and
indemnify HUD for losses incurred for fourteen HUD/FHA insured loans.
The settlement did not constitute an admission of liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements as alleged by HUD: TD Bank (a) failed to
resolve discrepancies regarding the borrower's employment and bank
documents with respect to one loan; (b) failed to
[[Page 16412]]
adequately document the income and/or stability of borrower income for
two loans; (c) failed to properly document a gift for one loan; (d)
failed to properly record a Mortgage Insurance Certificate for one
loan; (e) failed to ensure that borrowers met credit eligibility
requirements with respect to four loans; (f) failed to confirm that
borrowers in refinance transactions had made all mortgage payments on
loans being refinanced within the month due for the prior 12 months for
11 loans; (g) failed to document the mortgage loan payoff statements
for five loans; and (h) failed to obtain a Certification for Individual
Unit Financing as required for condominium approval.
25. United Shore Financial Services, LLC., Troy MI [Docket No. 15-1566-
MR]
Action: On December 17, 2015, the Board voted to accept the terms
of a settlement agreement with United Shore Financial Services, LLC
(``USFS'') that required USFS (a) to pay a civil money penalty in the
amount of $110,500; and (b) refrain from making any claim for insurance
benefits and/or indemnify HUD for losses incurred for twenty-four HUD/
FHA insured loans. The settlement did not constitute an admission of
liability or fault.
Cause: The Board took this action based on the following violations
of HUD/FHA requirements alleged by HUD: USFS (a) failed to adequately
document the income or stability of income used to qualify borrowers
for nine loans; (b) failed to adequately document the source of funds
used for the down payment, closing costs, or payment of debt prior to
closing for eight loans; (c) failed to consider all of the borrowers'
liabilities in the underwriting analysis for six loans; (d) failed to
resolve discrepancies or irregularities with respect to social security
numbers and paystubs for one loan; (e) failed to correctly calculate
the maximum mortgage amount for one loan; (f) failed to properly check
the Credit Alert Verification Reporting System (``CAVRS'') by entering
the wrong social security number and consequently approving one loan;
(g) failed to comply with HUD's property flipping waiver requirements
for one loan; (h) failed to submit accurate loan level data in FHA
Connection for six loans; and (i) charged borrowers for credit reports
in amounts that exceeded USFS's actual costs for ten loans.
II. Lenders That Failed To Timely Meet Requirements for Annual
Recertification of HUD/FHA Approval but Came Into Compliance
Action: The Board entered into settlement agreements with the
lenders listed below, which required the lender to pay a civil money
penalty without admitting fault or liability.
Cause: The Board took this action based upon allegations that the
lenders listed below failed to comply with HUD's annual recertification
requirements in a timely manner.
1. 1st Constitution Bank, Cranbury, NJ ($3,500) [Docket No.15-1935-
MRT]
2. 1st Reliant Home Loans, Inc., Costa Mesa, CA ($3,500) [Docket No.
15-1811-MRT]
3. ADK Bancorp, Inc., Westminster, CA ($8,500) [Docket No.15-1949-
MRT]
4. Anchor Mortgage, LLC, Daniel Island, SC ($3,500) [Docket No.16-
1607-MRT]
5. Approved Funding Corp., Brooklyn, NY ($8,500) [Docket No. 15-
1913-MRT]
6. Arcstone Financial, Inc., Los Angeles, CA ($4,500) [Docket No.16-
1839-MRT]
7. Arcstone Financial, Inc., Los Angeles, CA ($3,500) [Docket No.
15-1833-MRT]
8. Associated Credit Union of Texas, League City, TX ($4,500)
[Docket No. 16-1734-MRT]
9. Audubon Savings Bank, Audubon, NJ ($3,500) [Docket No. 15-1652-
MRT]
10. Aurora Financial Group, Inc., Marlton, NJ ($4,500) [Docket
No.16-1788-MRT]
11. Bank Vista, Sartell, MN ($3,500) [Docket No. 15-1916-MRT]
12. Bay Bank, FSB, Timonium, MD ($4,500) [Docket No. 15-1809-MRT]
13. BCB Community Bank, Bayonne, NJ ($16,000) [Docket No. 15-1666-
MRT]
14. BondCorp Realty Services, Inc., Newport Beach, CA ($4,250)
[Docket No. 15-1859-MRT]
15. Boulder Valley Credit Union, Boulder, CO ($8,500) [Docket No.16-
1639-MRT]
16. Bridgeview Mortgage Corporation, Franklin Square, NY ($8,500)
[Docket No. 15-1712-MRT]
17. Cache Valley Bank, Logan, UT ($3,500) [Docket No. 14-1635-MRT]
18. Castle Mortgage Corporation, San Diego, CA ($4,500) [Docket No.
16-1680-MRT]
19. CBC Federal Credit Union, Oxnard, CA ($3,500) [Docket No. 15-
1604-MRT]
20. CenterBank, Milford, OH ($3,500) [Docket No. 15-1897-MRT]
21. Central Bank, Tampa, FL ($3,500) [Docket No. 15-1866-MRT]
22. Central Bank and Trust, Lander, WY ($3,500) [Docket No. 15-1590-
MRT]
23. Chicago Financial Services, Inc., Chicago, IL ($3,500) [Docket
No. 15-1955-MRT]
24. Citizens National Bank of Greater St. Louis, Maplewood, MO
($3,500) [Docket No. 15-1581-MRT]
25. Citizens Trust Bank, Atlanta, GA, ($3,500) [Docket No. 15-1760-
MRT]
26. City Savings Bank & Trust, Deridder, LA, ($8,500) [Docket No.
15-1761-MRT]
27. Clark County Credit Union, Las Vegas, NV ($3,500) [Docket No.
15-1829-MRT]
28. Community First National Bank, Manhattan, KS ($3,500) [Docket
No. 15-1874-MRT]
29. Community Resource Credit Union, Baytown, TX ($4,500) [Docket
No. 16-1826-MRT]
30. Community State Bank, Saint Charles, MI ($3,500) [Docket No. 15-
1623-MRT]
31. Congressional Bank, Bethesda, MD ($8,500) [Docket No. 15-1763-
MRT]
32. Cooperativa de Ahorro y Credito La Puertorriquena, San Juan, PR
($8,500) [Docket No. 16-1600-MRT]
33. CoVantage Credit Union, Antigo, WI ($4,500) [Docket No. 16-1664-
MRT]
34. Crescent Mortgage Company, Atlanta, GA ($4,500) [Docket No. 15-
1888-MRT]
35. Cross River Bank, Teaneck, NJ ($3,500) [Docket No. 16-1677-MRT]
36. Directors Financial Group, Newport Beach, CA ($4,500) [Docket
No. 16-1842-MRT]
37. DSW Mortgage, Inc., Boulder, CO ($4,500) [Docket No. 16-1808-
MRT]
38. Eagle Mortgage & Funding Inc., Memphis, TN ($3,500) [Docket No.
15-1725-MRT]
39. Express Solutions Mortgage Corporation, Cabo Rojo, PR ($8,500)
[Docket No. 16-1810-MRT]
40. Fifth Third Bank, Cincinnati, OH ($3,500) [Docket No. 16-1648-
MRT]
41. First Bank of the Palm Beaches, West Palm Beach, FL ($3,500)
[Docket No. 15-1965-MRT]
42. First Capital Bank of Kentucky, Louisville, KY ($3,500) [Docket
No. 14-1720-MRT]
43. FirstCity Bank of Commerce, Palm Beach Gardens, FL ($3,500)
[Docket No. 15-1890-MRT]
44. First Mariner Bank, Baltimore, MD ($3,500) [Docket No. 15-1927]
45. First National Bank, Southlake, TX ($7,500) [Docket No. 15-1769-
MRT]
46. First National Bank, Cortez, Cortez, CO ($4,500) [Docket No. 16-
1676-MRT]
47. First National Bank, USA, Boutte, LA ($3,500) [Docket No. 15-
1579-MRT]
48. First NBC Bank, New Orleans, LA ($9,468) [Docket No. 16-1844-
MRT]
49. First State Bank, Omaha, NE ($3,500) [Docket No. 15-1855-MRT]
50. First Utah Bank, Sandy, UT ($8,500) [Docket No. 15-1715-MRT]
51. Forbix Financial, Flowood, MS ($3,500) [Docket No. 15-1876-MRT]
52. Freedom of Maryland Federal Credit Union, Bel Air, MD ($4,500)
[Docket No. 16-1738-MRT]
53. Fremont Bank, Fremont, CA ($3,500) [Docket No. 15-1839-MRT]
54. Global Bancorp d/b/a New Rate Lending, Irvine, CA ($8,500)
[Docket No. 15-1967-MRT]
55. Green Bank, N.A., Houston, TX ($4,500) [Docket No. 16-1759-MRT]
56. Guaranty Bank FSB, Milwaukee, WI ($3,500) [Docket No. 15-1898-
MRT]
57. Guardian Savings Bank FSB, Cincinnati, OH ($3,500) [Docket No.
15-1873-MRT]
58. Gulf Atlantic Funding Group, Inc., Davie, FL ($8,500) [Docket
No. 16-1643-MRT]
59. Highmark Federal Credit Union, Rapid City, SD ($4,500) [Docket
No. 16-1654-MRT]
60. Home Bank, N.A., Lafayette, LA ($8,500) [Docket No. 16-1642-MRT]
61. Home Federal Bank, Shreveport, LA
[[Page 16413]]
($3,500) [Docket No. 15-1640-MRT]
62. Home Savings Bank, Madison, WI ($3,500) [Docket No. 16-1655-MRT]
63. HR Mortgage Corp., Caguas, PR ($8,500) [Docket No. 15-1925- MRT]
64. iBeriaBank, Lafayette, LA ($3,500) [Docket No. 15-1903-MRT]
65. Integrity Financial Services of Tampa Bay, Inc., Largo, FL
($4,500) [Docket No. 16-1674-MRT]
66. International Bank of Commerce, Laredo, TX ($3,500) [Docket No.
15-1877-MRT]
67. iServe Residential Lending LLC, San Diego, CA ($4,500) [Docket
No. 16-1813-MRT]
68. Legends Bank, Clarksville, TN ($3,500) [Docket No. 15-1709-MRT]
69. Liberty Mortgage Corporation, Birmingham, AL ($3,500) [Docket
No. 15-1951-MRT]
70. Magnolia Bank, Magnolia, KY ($3,500) [Docket No. 15-1862-MRT]
71. Marketplace Home Mortgage, LLC, Edina, MN ($3,500) [Docket No.
16-1709-MRT]
72. Massachusetts Mutual Life Insurance Company, Springfield, MA
($3,500) [Docket No. 15-1731-MRT]
73. MCT Credit Union, Port Neches, TX ($3,500) [Docket No. 15-1749-
MRT]
74. MK Lending Corp., Los Angeles, CA ($8,500) [Docket No. 16-1656-
MRT]
75. Mortgage Trust, Inc., Portland, OR ($3,500) [Docket No. 15-1936-
MRT]
76. Nationwide Mortgage Bankers, Inc., Lebanon, NJ ($3,500) [Docket
No. 15-1942-MRT]
77. Northwest Bank of Rockford, Loves Park, IL ($3,500) [Docket No.
15-1891-MRT]
78. PFL, Inc., San Antonio, TX ($8,500) [Docket No. 15-1892-MRT]
79. Pacific Premier Bank, Irvine, CA ($8,500) [Docket No. 15-1738-
MRT]
80. Pacific Transportation Federal Credit Union, Carson, CA ($3,500)
[Docket No. 15-1620-MRT]
81. Parks Heritage Federal Credit Union, Glenn Falls, NY ($3,500)
[Docket No. 15-1586-MRT]
82. Phenix-Girard Bank, Phenix City, AL ($3,500) [Docket No. 15-
1648-MRT]
83. Platinum Bank, Lubbock, TX ($3,500) [Docket No. 15-1932-MRT]
84. PMAC Lending Services, Inc., Chino Hills, CA ($3,500) [Docket
No. 15-1751-MRT]
85. Ready Mortgage Lenders LLC, Miami, FL ($3,500) [Docket No. 15-
1849-MRT]
86. Ross Mortgage Company, Inc., Westborough, MA ($3,500) [Docket
No. 16-1640-MRT]
87. Scient Federal Credit Union, Groton, CT ($3,500) [Docket No.15-
1906-MRT]
88. Seattle Metropolitan Credit Union, Seattle, WA ($3,500) [Docket
No. 15-1918-MRT]
89. Seckel Capital LLC, Newtown, PA ($3,500) [Docket No.15-1583-MRT]
90. SecurityPlus Federal Credit Union, Baltimore, MD ($10,000)
[Docket No. 15-1781-MRT]
91. Southeast Funding Alliance, Inc., Orlando, FL ($8,500) [Docket
No. 15-1934-MRT]
92. Southern Crescent Mortgage and Investment Corporation,
Fayetteville, GA ($3,500) [Docket No.16-1619-MRT]
93. SpiritBank, N.A., Tulsa, Ok ($3,500) [Docket No. 15-1910-MRT]
94. Standard Pacific Mortgage Inc., Irvine, CA ($4,500) [Docket No.
16-1847-MRT]
95. Sterling United Federal Credit Union, Evansville, IN ($3,500)
[Docket No. 15-1954-MRT]
96. Supreme Funding Corporation, Arcadia, CA ($3,500) [Docket No.15-
1589-MRT]
97. Telco Triad Community Credit Union, Sioux City, IA ($8,500)
[Docket No. 15-1785-MRT]
98. Texas Tech Federal Credit Union, Lubbock, TX ($4,500) [Docket
No. 15-1719-MRT]
99. United Texas Bank, Dallas, TX ($3,500) [Docket No. 15-1615-MRT]
100. University First Federal Credit Union, Salt Lake City, UT
($3,500) [Docket No. 15-1923-MRT]
101. U.S. Financial Group, Inc., Lake Charles, LA ($3,500) [Docket
No. 15-1909-MRT]
102. Wall Financial, Inc., Los Angeles, CA ($3,500) [Docket No.15-
1958-MRT]
103. West One Capital Group, Inc., Newport Beach, CA ($3,500)
[Docket No. 15-1850-MRT]
104. West Town Bank & Trust, Frederick, MD ($3,500) [Docket No. 15-
1949-MRT]
105. Willamette Valley Bank, Salem, OR ($4,500) [Docket No. 16-1786-
MRT]
106. Winona National Bank, Winona, MN ($3,500) [Docket No. 15-1796-
MRT]
III. Lenders That Failed To Meet Requirements for Annual
Recertification of HUD/FHA Approval
Action: The Board voted to withdraw the FHA approval of each of the
lenders listed below for a period of one (1) year.
Cause: The Board took this action based upon allegations that the
lenders listed below were not in compliance with HUD's annual
recertification requirements.
1. ACNB Bank, Gettysburg, PA [Docket No. 17-173-MRT]
2. Adams Mortgage, LLC, Colorado Springs, CO [Docket No. 15-1907-
MRT]
3. Advance Mortgage Bankers, Inc., Bayamon, PR [Docket No. 17-1802-
MRT]
4. Advantage Financial Mortgage Bankers, Inc., Robbinsville, NJ
[Docket No. 15-1802-MRT]
5. Agree Capital Corporation, Fresh Meadows, NY [Docket No. 17-1809-
MRT]
6. AIG Federal Savings Bank, Wilmington, DE [Docket No. 17-1765-MRT]
7. Air Force Federal Credit Union, San Antonio, TX [Docket No. 17-
1789-MRT]
8. AllQuest Home Mortgage Corporation, Houston, TX [Docket No. 15-
1792-MRT]
9. Amera Mortgage Corporation, Milford, MI [Docket No. 17-1756-MRT]
10. American Investors Bank & Mortgage, Eden Prairie, MN [Docket No.
17-1810-MRT]
11. Americas Mortgage LLC, Wheat Ridge, CO [Docket No. 17-1757-MRT]
12. Anchor Funding Corporation, Norcross, GA [Docket No. 17-1790-
MRT]
13. Bank of Commerce, Yukon, OK [Docket No. 16-1783-MRT]
14. Bank of Manhattan, NA, El Segundo, CA [Docket No. 17-1734-MRT]
15. Bank of Union, El Reno, OK [Docket No. 17-1782-MRT]
16. Bank Tennessee, Germantown, TN [Docket No. 14-1590-MRT]
17. Bankers Financial Group, Inc., Bowie, MD [Docket No. 17-1766-
MRT]
18. Bankers Mortgage and Investment Group, Inc., Overland Park, KS
[Docket No. 15-1663-MRT]
19. Battery Park City Authority, New York, NY [Docket No. 17-1811-
MRT]
20. Beacon Federal, East Syracuse, NY [Docket No. 17-1791-MRT]
21. Berkshire Bank, Wyomissing, PA [Docket No. 16-1841-MRT]
22. Biopharmaceutica Coop, Carolina, PR [Docket No. 15-1641-MRT]
23. Blanco National Bank, Spring Branch, TX [Docket No. 17-1758-MRT]
24. BondCorp Realty Services, Inc., Newport Beach, CA [Docket No.
17-1829-MRT]
25. Boulevard Bank, Neosho, MO [Docket No. 17-1792-MRT]
26. Buffalo Trace Area Development District, Maysville, KY [Docket
No. 17-1812-MRT]
27. C F Funding Corporation, Naperville, IL [Docket No. 16-1779-MRT]
28. Carnegie Mortgage, LLC, Irvine, CA [Docket No. 17-1738-MRT]
29. Cavalier Mortgage Group, Inc., Raleigh, NC [Docket No. 15-1804-
MRT]
30. Chicago Bancorp, Inc., Chicago, IL [Docket No. 16-1848-MRT]
31. Citizen Home Loans of America, Inc., Dayton, OH [Docket No. 17-
1813-MRT]
32. Citizens National Bank, N.A., Bossier City, LA [Docket No. 15-
1728-MRT]
33. ClearSpring Loan Services, Inc., Dallas, TX [Docket No. 16-1653-
MRT]
34. CMS Bank, White Plains, NY [Docket No. 17-1793-MRT]
35. Cobalt Mortgage, Kirkland, WA [Docket No. 17-1739-MRT]
36. Colonial American Bank, Shrewsbury, NJ [Docket No. 17-1803-MRT]
37. Community Bank-Wheaton Glen Ellyn, Glen Ellyn, IL [Docket No.
17-1814-MRT]
38. Corridor Mortgage Company, LLC, Bristol, PA [Docket No. 17-1804-
MRT]
39. Covenant Bank, Leeds, AL [Docket No. 17-1740-MRT]
40. Day Air Credit Union, Kettering, OH [Docket No. 15-1611-MRT]
41. Dexter Credit Union, Central Falls, RI [Docket No. 16-1744-MRT]
42. Doral Bank, San Juan, PR [Docket No. 17-1741-MRT]
43. Doral Financial Corporation, San Juan, PR [Docket No. 17-1742-
MRT]
44. Evergreen Credit Union, Portland, ME [Docket No. 17-1794-MRT]
45. Farmers Bank & Trust Company, Blytheville, AR [Docket No. 15-
1917-MRT]
46. Farmers Citizens Bank, Dublin, OH [Docket No. 17-1767-MRT]
47. Farmington Financial Group LLC, Nashville, TN [Docket No. 17-
1759-MRT]
48. FedTrust Mortgage LLC, Farmington Hills, MI [Docket No. 17-1795-
MRT]
49. FirstBank, Strasburg, VA [Docket No. 17-1815-MRT]
[[Page 16414]]
50. First Capital Mortgage Group, Inc., Pittsburgh, PA [Docket No.
17-1768-MRT]
51. First Century Bank, N.A., Gainesville, GA [Docket No. 16-1878-
MRT]
52. First Choice Bank, Cerritos, CA [Docket No. 15-1843-MRT]
53. First Commercial Bank, Oklahoma City, OK [Docket No. 15-1572-
MRT]
54. First Financial Services, Charlotte, NC [Docket No. 17-1751-MRT]
55. First Florida Credit Union, Jacksonville, FL [Docket No. 17-
1816-MRT]
56. First National Bank, Camdenton, MO [Docket No. 17-1783-MRT]
57. First Savings Bank of Perkasie, Perkasie, PA [Docket No. 17-
1750-MRT]
58. First Southern Capital Development Corporation, Rancho Palos
Verdes, CA [Docket No. 17-1755-MRT]
59. First State Bank Mortgage Company, LLC, Clinton Township, MI
[Docket No. 17-1743-MRT]
60. Flatbush Federal Savings, Brooklyn, NY [Docket No. 17-1760-MRT]
61. Florida Bank of Commerce, Orlando, FL [Docket No. 15-1797-MRT]
62. Foundation First Bank, Omaha, NE [Docket No. 15-1742-MRT]
63. Frontier State Bank, Oklahoma City, OK [Docket No. 16-1787-MRT]
64. Gateway Bank, F.S.B., Oakland, CA [Docket No. 15-1658-MRT]
65. Gencor Mortgage, Inc., Scottsdale, AZ [Docket No. 17-1769-MRT]
66. Global Advisory Group, Inc., Everett, WA [Docket No. 17-1770-
MRT]
67. Grand Bank, N.A., Hamilton, NJ [Docket No. 15-1729-MRT]
68. Guaranteed Home Mortgage Company, Inc., White Plains, NY [Docket
No. 17-1771-MRT]
69. Hana Financial, Inc., Los Angeles, CA [Docket No. 17-1817-MRT]
70. Harbor National Bank, Mt. Pleasant, SC [Docket No. 17-1752-MRT]
71. Harvard Home Mortgage, Inc., Annapolis, MD [Docket No. 17-1772-
MRT]
72. Heritage Bank, Jonesboro, AR [Docket No. 17-1773-MRT]
73. Hickory Point Bank and Trust, F.S.B., Decatur, IL [Docket No.
15-1929-MRT]
74. Home Federal Bank, Nampa, ID [Docket No. 15-1640-MRT]
75. Home Loan Center, Inc., Irvine, CA [Docket No. 17-1784-MRT]
76. Homeowners Mortgage of America, Inc., Jacksonville, FL [Docket
No. 17-1774-MRT]
77. Housing Authority of the Osage Tribe, Hominy, OK [Docket No. 17-
1818-MRT]
78. Hudson City Savings Bank, Paramus, NJ [Docket No. 17-1805-MRT]
79. Infinity Federal Credit Union, Westbrook, ME [Docket No. 17-
1747-MRT]
80. Integrated Financial Group, Inc., Newtown PA [Docket No. 17-
1775-MRT]
81. Kenilworth Financial, Oakbrook, Terrace, IL [Docket No. 17-1764-
MRT]
82. Lafayette Federal Credit Union, Kensington, MD [Docket No. 16-
1853-MRT]
83. Lake Federal Bank, FSB, Hammond, IN [Docket No. 16-1694-MRT]
84. Landmark Credit Union, New Berlin, WI [Docket No. 17-1796-MRT]
85. Lending Solutions, Inc., Duluth, GA [Docket No. 16-1767-MRT]
86. LGE Community Credit Union, Marietta, GA [Docket No. 16-1678-
MRT]
87. Liberty Bank of Arkansas, Jonesboro, AR [Docket No. 17-1776-MRT]
88. Loan One Mortgage Co., Inc., Westerville, OH [Docket No. 16-
1629-MRT]
89. Main Street Financial, Inc., Indianapolis, IN [Docket No. 17-
1819-MRT]
90. Medallion Mortgage Company LLC, Agoura Hills, CA [Docket No. 17-
177-MRT]
91. Menna Company, Marietta, GA [Docket No. 16-1726-MRT]
92. Meridian Lending Corporation, Lone Tree, CO [Docket No. 17-1761-
MRT]
93. Metropolitan National Bank, Springfield, MO [Docket No. 17-1820-
MRT]
94. Midwest Mortgage Capital, LLC, Saint Louis, MO [Docket No. 15-
1803-MRT]
95. Minneapolis Community Development Agency, Minneapolis, MN
[Docket No. 17-1821-MRT]
96. Monument Bank, Rockville, MD [Docket No. 17-1735-MRT]
97. Mortgage Factory, Inc., Houston, TX [Docket No. 15-1944-MRT]
98. Mortgage House, San Juan, PR [Docket No. 16-1646-MRT]
99. Mortgage Investors Corporation, Saint Petersburg, FL [Docket No.
16-1747-MRT]
100. Mortgage Resources, Inc., Chesterfield, MO [Docket No. 17-1778-
MRT]
101. MVB Bank, Inc., Bridgeport, WV [Docket No. 17-1744-MRT]
102. Naugatuck Valley Savings and Loan, Naugatuck, CT [Docket No.
16-1755-MRT]
103. NE Moves Mortgage, LLC, Waltham, MA [Docket No. 17-1822-MRT]
104. Nebraska Investment Finance Authority, Lincoln, NE [Docket No.
17-1823-MRT]
105. North Jersey Federal Credit Union, Totowa, NJ [Docket No. 17-
1736-MRT]
106. Northwest Georgia Bank, Ringgold, GA [Docket No. 15-1878-MRT]
107. NYMEO Federal Credit Union, Frederick, MD [Docket No. 15-1795-
MRT]
108. Oasis Bank, SSB, Houston, TX [Docket No. 17-1785-MRT]
109. One Mortgage, Inc., Irving, TX [Docket No. 17-1786-MRT]
110. Palmetto South Mortgage Corporation, Columbia, SC [Docket No.
17-1787-MRT]
111. Patriot Bank Mortgage, Inc., Houston, TX [Docket No. 17-1806-
MRT]
112. Raaven Capital, Inc., Olympia, WA [Docket No. 17-1807-MRT]
113. RBS Mortgage Corporation, San Juan, PR [Docket No. 17-1797-MRT]
114. Red Stone Agency Lending, LLC, New York, NY [Docket No. 17-
1798-MRT]
115. Reliant Mortgage Company, LLC, Beverly MA [Docket No. 15-1751-
MRT]
116. Renew Financial Corporation II, Allentown, PA [Docket No. 17-
1824-MRT]
117. Resource Mortgage Banking LTD, Tarrytown, NY [Docket No. 17-
1788-MRT]
118. Resurgent Capital Services, LP, Greenville, SC [Docket No. 17-
1753-MRT]
119. Reverse Mortgage USA, Inc., Dallas TX [Docket No. 17-1762-MRT]
120. Roundpoint Mortgage Company, Charlotte, NC [Docket No. 17-1745-
MRT]
121. S Bank, Glennville, GA [Docket No. 15-1661-MRT]
122. Sanford Institution for Savings, Sanford, ME [Docket No. 17-
1799-MRT]
123. Schaeffer Mortgage Corporation, Londonderry, NH [Docket No. 17-
1825-MRT]
124. Seasons Federal Credit Union, Middletown, CT [Docket No. 15-
1883-MRT]
125. Sherburne State Bank, Saint Cloud, MN [Docket No. 17-1779-MRT]
126. Sidus Financial, LLC, Greensboro, NC [Docket No. 16-1811-MRT]
127. Solera National Bank, Colorado Springs, CO [Docket No. 17-1808-
MRT]
128. Southern Bank, Poplar Bluff, MO [Docket No. 17-1826-MRT]
129. Southern Puget Sound Inter Tribal Housing Authority, Shelton,
WA [Docket No. 17-1827-MRT]
130. Summit Bank, Little Rock, AR [Docket No. 15-1807-MRT]
131. Texas Bay Area Credit Union, Houston, TX [Docket No. 17-1749-
MRT]
132. The First National Bank Layton, Layton, UT [Docket No. 17-1754-
MRT]
133. The Harbor Bank of Maryland, Baltimore, MD [Docket No. 15-1714-
MRT]
134. Trust One Mortgage Corporation, Irvine, CA [Docket No. 17-1748-
MRT]
135. TXL Mortgage Corporation, Houston, TX [Docket No. 17-1746-MRT]
136. United Bank, West Springfield, MA, [Docket No. 15-1788-MRT]
137. Union Federal Savings Bank, North Providence, RI [Docket No.
17-1800-MRT]
138. Valley Bank, Davenport, IA [Docket No. 17-1780-MRT]
139. Valley National Bank, Tulsa, OK [Docket No. 15-1746-MRT]
140. Virginia Heritage Bank, Vienna, VA [Docket No. 15-1919-MRT]
141. Vist Bank, Reading, PA [Docket No. 17-1781-MRT]
142. Visterra Credit Union, Moreno Valley, CA [Docket No. 16-1822-
MRT]
143. Washington First Bank, Reston, VA [Docket No. 16-1795-MRT]
144. WCS Funding Group, Inc., Baltimore, MD [Docket No. 15-1915-MRT]
145. Western Heritage Bank, N.A., Las Cruces, NM [Docket No. 17-
1801-MRT]
146. Wingspan Portfolio Advisors, LLC, Dallas, TX [Docket No. 17-
1763-MRT]
147. Your Community Bank, New Albany, IN [Docket No. 17-828-MRT]
Dated: March 30, 2017.
Genger Charles,
General Deputy Assistant Secretary, for Housing/FHA Commissioner,
Chairman, Mortgagee Review Board.
[FR Doc. 2017-06642 Filed 4-3-17; 8:45 am]
BILLING CODE 4210-67-P