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Notice

Mortgagee Review Board Administrative Actions

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Start Preamble

AGENCY:

Office of the Assistant Secretary for Housing-Federal Housing Commissioner, HUD.

ACTION:

Notice.

SUMMARY:

In compliance with section 202(c) of the National Housing Act, notice advises of the cause and description of certain administrative actions taken by HUD's Mortgagee Review Board against HUD-approved mortgagees. This notice of administrative actions relates solely to the failure of Title I lenders and Title II mortgagees to submit the required audited annual financial statement, an acceptable annual audited financial statement and/or payment of the annual recertification fee.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Phillip A. Murray, Director, Office of Lender Activities and Program Compliance, Room B-133-3214 L'Enfant Plaza, 451 Seventh Street, SW., Washington, DC 20410-8000, telephone: (202) 708-1515. (This is not a toll-free number.) A Telecommunications Device for Hearing- and Speech-Impaired Individuals (TTY) is available at 1-800-877-8339 (Federal Information Relay Service).

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

Section 202(c)(5) of the National Housing Act (added by section 142 of the Department of Housing and Urban Development Reform Act of 1989, Pub. L. 101-235, approved December 15, 1989), requires that HUD publish a description of and the cause for administrative actions against a HUD-approved mortgagee by the Department's Mortgagee Review Board. In compliance with the requirements of section 202(c)(5), this notice advises of administrative actions that have been taken by the Mortgagee Review Board from October 1, 2003 through March 31, 2004, related to the failure of Title I lenders and Title II mortgagees to submit the required audited annual financial statement, an acceptable annual audited financial statement and/or payment of the annual recertification fee.

Action: Withdrawal of HUD/FHA Title I lender approval and Title II mortgagee approval.

Cause: Failure to submit to the Department the required annual audited financial statement, an acceptable annual audited financial statement, and/or remit the required annual recertification fee.

33 Title I Lenders and Loan Correspondents

[Terminated between October 1, 2003 and March 31, 2004]

NameCityState
ABC MORTGAGE INCSACRAMENTOCA
BAYPORTE ENTERPRISES INCFOSTER CITYCA
CALIFORNIA DISCOUNT MORTGAGECOVINACA
CALIFORNIA GOLD MORTGAGE INCENCINOCA
CELTIC BANKSALT LAKE CITYUT
CHANNEL POINT CORPORATIONCARSONCA
COUNTYWIDE LENDERS CORPONTARIOCA
CROWN BANK FSBCASSELBERRYFL
CSBM INCPASADENACA
DIADCO FINANCIAL SERVICES INCCOVINACA
ENTERPRISE FEDERAL SAVINGS BANKLARGOMD
EZ HOME FUNDING INCSOUTH GATECA
FIDELITY FEDERAL SAVINGS BANKCHICAGOIL
FIRST NATIONAL BANKBANGORWI
FIRST PREFERRED MORTGAGE CORPDOWNEYCA
INTEGRITY MORTGAGE CORPORATIONDOWNEYCA
LANDMARK NATIONAL BANKDODGE CITYKS
LIBERTY FINANCIAL GROUPBELLEVUEWA
LIBERTY MORTGAGE CORPORATIONERIEPA
LINDA JENSEN ENTERPRISESMISSION VIEJOCA
LOANMAX BANCORPARTESIACA
M W FINANCIAL INCTORRANCECA
MAJESTY MORTGAGE CORPLOS ANGELESCA
MOJAVE VALLEY MORTGAGE CORPVICTORVILLECA
NAPOLI MORTGAGE AND INVESTMENTMIAMIFL
NDNJ INCRANCHO PALOS VERDESCA
PROFESSIONAL ADVANTAGE FINANCIAL GROUP IBOSTONMA
PROFUNDING INCNORTH HOLLYWOODCA
RICARDO GERSCOVICH INCVAN NUYSCA
SECOND CITY FINANCIAL INCDENVERCO
THIRTY TWO ROJO INCPALM DESERTCA
TRICOR FUNDING INCONTARIOCA
WAUSAU MORTGAGE CORPORATIONPLEASANTONCA
Start Printed Page 46176

179 Title II Mortgagees and Loan Correspondents

[Terminated between October 1, 2003 and March 31, 2004]

NameCityState
ABC MORTGAGE INCSACRAMENTOCA
ADVANTAGE ONE MORTGAGE CORPBENSALEMPA
ALCON ACTION AGENCY INC MORTGAGESCONWAYSC
ALLIED LENDING CORPORATIONLAKE FORESTCA
ALPINE MORTGAGE OF OREGON INCSPRINGFIELDOR
ALTERNA MORTGAGE COMPANYMT OLIVENJ
AMERICA WEST LENDER EXPRESS INCSAN DIEGOCA
AMERICAN REVERSE MORTGAGE LLCGLEN BURNIEMD
AMERITECH MORTGAGE BANKERS INCLANHAMMD
AMEX REAL ESTATE SERVICES INCVISTACA
ANTELOPE MORTGAGE INCNEWBERGOR
APPLE MORTGAGE BANC AND LENDINGFORT MYERSFL
APR MORTGAGENORTHRIDGECA
ASSURANCE LENDING SERVICES LLCHOUSTONTX
AXTION INCCOLUMBIASC
BANYAN FINANCIAL OF CENTRAL FLORIDA LPCLERMONTFL
BELL CAPITAL INCCHICAGOIL
BENEFICIAL CAPITAL MANAGEMENT CORPLAGUNA HILLSCA
BENEFIT MORTGAGE SERVICES LLCCLINTONMD
C W COBB AND ASSOCIATION INCARLINGTONVA
CALIFORNIA EXPRESS FUNDING INCONTARIOCA
CALIFORNIA GOLD MORTGAGE INCENCINOCA
CAMINO REAL FINANCIAL INCWHITTIERCA
CANYON MORTGAGE INCPALM DESERTCA
CAPITAL MORTGAGE COMPANYADDISONIL
CARRINGTON MORTGAGE SERVICES INCHUNTINGTON BEACHCA
CARVER FEDERAL SAVINGS ALANEW YORKNY
CAVERSHAM FINANCIAL INCATLANTAGA
CENTER CITY LENDERS INCORLANDOFL
CENTURY MORTGAGE AND FUNDING INCLISLEIL
CHANNEL POINT CORPORATIONCARSONCA
CHOCTAW HOPE DEVELOPMENT CORPHUGOOK
CITIFINANCIAL MORTGAGE COMPANY INCIRVINGTX
CITYWIDE MORTGAGE PROSLOCKPORTIL
CLS FINANCIAL SERVICES INCLYNNWOODWA
COMMUNITY INVESTMENT CORPCHICAGOIL
CONNECTICUT HOUSING INV FUND INCHARTFORDCT
CONSUMER MORTGAGE GROUP INCCENTENNIALCO
CONTINENTAL COMMUNITY BANK AND TRUST COAURORAIL
CONTINENTAL PACIFIC CAPITAL AND FINANCIALTARZANACA
COPIAGUE FUNDING CORPLINDENHURSTNY
COUNTY MORTGAGE COMPANY INCWEST CALDWELLNJ
CREATIVE MORTGAGE USA INCLANSINGIL
CREDIT CLINIC USA INCBALTIMOREMD
CROSSROAD CAPITAL SERVICES INCNEW ROCHELLENY
CSBM INCPASADENACA
CUSTOM LENDING GROUP INCNAPACA
CYPRESS POINT FUNDING INCWOODLAND HILLSCA
DAN CAVALLO INCRIVERSIDECA
DEAN ENTERPRISES INCORPORATEDLA CANADACA
DECORUM FINANCIAL MORTGAGE CORPNORTH LITTLE ROCKAR
DELTA MORTGAGE CORPORATIONFORT COLLINSCO
DEVON INCLAS VEGASNV
DIAMOND MORTGAGE BROKER INCSANTA ANACA
DISCOVER MORTGAGE COMPANYDECATURGA
E THREE R FINANCIAL CORPORATIONKANSAS CITYMO
EMPIRE LENDING CORPORATIONCITY OF INDUSTRYCA
ENCORE MORTGAGE SERVICEVOORHEESNJ
ENTERPRISE FEDERAL SAVING BANKLARGOMD
EZ HOME FUNDING INCSOUTH GATECA
FAI MORTGAGE CORPFAIRFIELDNJ
FAIRWAY OF AMERICA INCEAST LANSINGMI
FIDELITY FEDERAL SAVINGS BANKCHICAGOIL
FIRST BANK OF-MISSOURIGLADSTONEMO
FIRST CENTENNIAL NATIONWIDE MORTGAGECENTENNIALCO
FIRST CLASS FINANCIAL LLCCOLORADO SPRINGSCO
FIRST WESTERN FUNDING CORPFORT COLLINSCO
FIVE STAR FINANCIAL INCJOLIETIL
FN MORTGAGE CORPORATIONSANTA ANACA
FUNDING EXPRESS BANCORP INCUPLANDCA
GATEWAY RESIDENTIAL FUNDINGCONCORDCA
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GEORGE WASHINGTON SAVINGS BANKOAKLAWNIL
GIBRALTER LOAN SERVICES INCVISTACA
GLENBY MORTGAGE BANKING LTDJERICHONY
GRAND MORTGAGE INCGAINESVILLEGA
GRANITE HOME MORTGAGE CORPORATIONDIAMOND BARCA
GUARANTY LOAN AND REAL ESTATEWEST MEMPHISAR
HANNON MORTGAGE INCTUCSONAZ
HBA CAPITAL GROUP INCHALLANDALEFL
HOME LOAN GROUP INCPLEASANTONCA
HOMEBANKROCKWALLTX
HOMEBUYERS FINANCIAL SERVICES LPBRENTWOODTN
HOMESOURCE CAPITAL MORTGAGE CO LPJUPITERFL
HOUSING AME MORTGAGE COMPANYBOCA RATONFL
IMPACT LENDING INCNEW PORT RICHEYFL
INDEPENDENT MORTGAGE CORPCLERMONTFL
INTEGRITY FINANCIAL SERVICESOAKBROOKIL
INTEGRITY MORTGAGE CORPDOWNEYCA
KEYES PENN MORTGAGE COMPANYLAWRENCEVILLEGA
KSJ ENTERPRISESWASHINGTONDC
L AND S FINANCIAL SERVICES LLCWEST JORDANUT
LAKE ELMO BANKOAKDALEMN
LEGACY LENDING INCSTEILACOOMWA
LEGACY MORTGAGE COMPANY INCWATERLOOIA
LEND LEASE HOUSING FINANCE GROUP LPDALLASTX
LIBERTY MORTGAGE COMPANYCHICAGOIL
LIGHTHOUSE MORTGAGE COMPANY LLCVENICEFL
LOAN LINES INCTARZANACA
LOANMAX BANCORPARTESIACA
LUU ASSOCIATES INCCITY OF INDUSTRYCA
MAJESTY MORTGAGE CORPLOS ANGELESCA
MALVERN FEDERAL SAVINGS BANKPAOLIPA
MARCO MORTGAGE INCOXNARDCA
MEG MORTGAGE CENTER INCFORT LAUDERDALEFL
MERCURY MORTGAGE CO INCTULSAOK
METRO ISLAND MORTGAGE INCRIO PIEDRASPR
METRO MORTGAGE CORPORATIONMETAIRIELA
METROPLEX RESIDENTIAL LENDING LPPLANOTX
METWEST MORTGAGE SERVICES INCSPOKANEWA
MFB FINANCIALMISHAWAKAIN
MIDWEST MORTGAGE COMPANYGLENDALE HEIGHTSIL
MONEY PLUS FINANCIAL INCRANCHO CUCAMONGACA
MONEYTREE MORTGAGE COMPANYAURORAIL
MORTGAGE ACCESS GROUP INCORPPINOLECA
MORTGAGE AMERICA INC-NJMANALAPANNJ
MORTGAGE BANKING ASSIST INCBEDFORDTX
MORTGAGE COMPANY MICHIGAN INCROCHESTER HILLSMI
MORTGAGE CREDIT SERVICES INCORANGECA
MORTGAGE FINDERSDES PLAINESIL
MORTGAGE MARKET INCTIGARDOR
MORTGAGE SOLUTIONS INCMARIETTAGA
NAPOLI MTG AND INVESTMENT CORPMIAMIFL
NDNJ INCRANCHO PALOS VERDESCA
NEEDAMORTGAGE COM INCSEATTLEWA
NEIGHBORHOOD MORTGAGE INCPHOENIXAZ
NEW FINANCE INCMIAMIFL
PACIFIC COAST MORTGAGE INCCHINOCA
PACIFIC LIFE INSURANCE COMPANYNEWPORT BEACHCA
PALMA CORPORATIONLAS VEGASNV
PARAGON MORTGAGE BANKERS CORPCARLE PLACENY
PELICAN FINANCIAL SERVICES INCBATON ROUGELA
PINE VALLEY MORTGAGE CORPORATIONDULUTHGA
PRIMARY MORTGAGE GROUP INCMISSION VIEJOCA
PRIME STAR MORTGAGE COMPANY INCSTOCKBRIDGEGA
PROFESSIONAL ADVANTAGE FINANCIAL GROUPBOSTONMA
PROFESSIONAL MORTGAGE SOLUTIONSREGO PARKNY
PROFUNDING INCNORTH HOLLYWOODCA
PROSPERITY CAPITAL INCANAHEIMCA
QUALITY MORTGAGE CONSULTANTS INCPOLLOCK PINESCA
REAL AMERICAN LENDING INCWESTMINSTERCA
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REAL ESTATE MORTGAGE COUNSELORSLEMON GROVECA
REAL TIME FUNDING CORPDOWNEYCA
RESORT MORTGAGE INCGULF BREEZEFL
ROCKPOINTE FINANCIAL SERVICES GROUP INCIRVINECA
ROYAL HAVEN MORTGAGE INCLOS ANGELESCA
SAINT ANTHONY BANK FSBCICEROIL
SARAS INCLAGUANA HILLSCA
SCHWAB FINANCIAL SERVICES INCOREGON CITYOR
SEACOAST FINANCIAL INCSANTA MARIACA
SECOND CITY FINANCIAL INCDENVERCO
SENIOR HOMEOWNERS FINANCIAL SERVICESMONTEREY PARKFL
SERONELLO SUMMERS INCSAN RAMONCA
SIGNATURE MORTGAGE INCST CHARLESMO
SMP FINANCIAL CORPTUSTINCA
SOUTHERN MORTGAGE INVESTMENT CORPMARIETTAGA
SOUTHLAND MORTGAGE CORP OF NCCHARLOTTENC
SOVEREIGN MORTGAGE LPDENVERCO
ST CLOUD MORTGAGESANTA CLEMENTECA
ST FRANCIS BANK FSBNEW BERLINWI
SUNSET MORTGAGE AND FUNDING CORPSTATEN ISLANDNY
SUPERIOR FINANCING INCST PAULMN
TDC MORTGAGE CORPLAS VEGASNV
THRESHOLD FINANCIAL CORPORATIONWESTPORTCT
TOWNE BANKCINCINNATIOH
TREANOR ENTERPRISESDALLASTX
TRIMARK CAPITAL INCPHOENIXAZ
TROY SAVINGS BANKTROYNY
TURNER-YOUNG INVESTMENT COFORT WORTHTX
TWENTY FIRST CAPITAL FUNDING INCLOS ANGELESCA
UNITED STATES NATIONAL BANKRED LODGEMT
USA FINANCIAL SERVICES INCFAIRFAXVA
VETERANS BENEFITS CLEARINGHOUSEROXBURYMA
W D WICKLEY INCRANCHO CUCAMONGACA
WANTLAND REALTY CORPORATIONNORTH PALM BEACHFL
WAUKEGAN SAVINGS AND LOAN SBWAUKEGANIL
WCFRE INCCARLSBADCA
WESTERN UNITED LIFE ASSURANCESPOKANEWA
WETCO FINANCIAL INCBATON ROUGELA
WORTHINGTON FINANCIAL SERVICESLP NAPLESFL
Start Signature

Dated: July 16, 2004.

Sean Cassidy,

General Deputy Assistant Secretary for Housing.

End Signature End Supplemental Information

[FR Doc. 04-17515 Filed 7-30-04; 8:45 am]

BILLING CODE 4210-27-P