Office of Assistant Secretary for Housing—Federal Housing Commissioner, HUD.
Public Notice, Mortgagee Review Board, Clarification of Administrative Action.
In compliance with Section 202(c) of the National Housing Act, notice is given of the cause and description of administrative actions taken by HUD's Mortgage Review Board against HUD-approved mortgagees. This notice provides clarification regarding the description of and the cause for administrative action against a HUD-approved mortgagee.Start Further Info
FOR FURTHER INFORMATION CONTACT:
D. Jackson Kinkaid, Secretary to the Mortgage Review Board, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; telephone (202) 708-3041 extension 3574 (this is not a toll-free number). Hearing or speech-impaired persons may access this number via TTY by calling the toll-free Federal Information Relay Service at 1-800-877-8339.End Further Info End Preamble Start Supplemental Information
Section 202(c) of the National Housing Act (added by Section 142 of the Department of Housing and Urban Development Reform Act of 1989, Pub. L. 101-235, approved December 15, 1989), requires that HUD “publish a description of and the cause for administrative actions against a HUD-approved mortgage” by the Department's Mortgage Review Board. In compliance with the requirements of Section 202(c)(5), notice is hereby given of a clarification of a previously published description and cause for an administrative action against a HUD-approved mortgagee. The specific mortgagee that is the subject of this clarification is James B. Nutter & Company, Kansas City, Missouri, pursuant to an administrative action originally reported at 65 FR 53734 (#44) published on September 5, 2000. The clarification regarding the administrative action taken against this mortgagee is noted below:
1. James B. Nutter & Company, Kansas City, Missouri.
Action: Proposed settlement agreement of disputed matters that included a payment to the Department.
Cause: A review by HUD's Quality Assurance Division discovered alleged failures to comply with HUD/FHA Loss Mitigation and other HUD/FHA requirements.Start Signature
Dated: January 10, 2001.
William C. Apgar,
Assistant Secretary for Housing-Federal Housing Commissioner, Chairman, Mortgagee Review Board.
[FR Doc. 01-1538 Filed 1-17-01; 8:45 am]
BILLING CODE 4210-27-M