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Mortgagee Review Board Administrative Actions Withdrawal of Approval for Recertification Noncompliance

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




In compliance with section 202(c) of the National Housing Act, this 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 an acceptable annual audited financial statement and/or payment of the annual fee in order to renew their FHA lender approval as part of the annual recertification process.

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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 individuals who are hearing- or speech impaired (TTY) is available at 800-877-8339 (Federal Information Relay Service).

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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, Public Law 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, 2004 through March 31, 2005, related to the failure of Title I lenders and Title II mortgagees to submit an acceptable annual audited financial statement and/or payment of the annual recertification fee in order to renew their FHA lender approval as part of the annual recertification process.

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

Cause: Failure to submit to the Department an acceptable annual audited financial statement, and/or remit the required annual recertification fee in order to renew their FHA lender approval as part of the annual recertification process.

59 Title I Lenders and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
Alabama Home Mortgage LendingBirminghamAL
Allied Finance Company IncVan NuysCA
Alosta Mortgage IncGlendoraCA
American Lending Resource IncTemeculaCA
American Residential Funding IncCosta MesaCA
American Union Home LoansDowneyCA
Anchor Home Loans Unlimited IncCosta MesaCA
Avalon Mortgage CorporationSan DiegoCA
Brookside Mortgage LLCTulsaOK
Budget Mortgage Bankers LtdLake SuccessNY
California Gold Mortgage IncEncinoCA
California Mortgage Loan CoSan DimasCA
Cambree Financial IncTorranceCA
Capitol Federal Savings BankTokepaKS
Caribbean Financial Services CorpCaguasPR
Community BankBrocktonMA
Emerald Mortgage CorpNorth HillsCA
Excell Financial LLCPortlandOR
Farwest Plus IncLawndaleCA
Financial Partners Credit UnionDowneyCA
First City Capital of Nevada IncLas VegasNV
First Federal BankHazletonPA
First Preferred Mortgage CorpDowneyCA
HCG North America LLCOrangeCA
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IMortgage Funding CorporationSan DiegoCA
International Home Capital CorpWoodland HillsCA
JT and T LLCTempeAZ
Legacy Mortgage IncPlanoTX
Loan Cents Financial ServicesNorth CharlestonSC
London Financial GroupIrvineCA
Madison Mortgage CorporationSmyrnaGA
MFS Investments IncMontebelloCA
Michael Kagan IncWestlake VillageCA
Nevada Brookside Mortgage CorpCerritosCA
Norwest Home Improvement IncConcordCA
Oakwood Acceptance Corporation LLCGreensboroNC
Oakwood Mortgage Investors IncLas VegasNV
Olympia Mortgage CorporationBrooklynNY
Pacific Gold Mortgage Group LLCPhoenixAZ
Pacific Sun Mortgage Company IncCarlsbadCA
Peoples First Community BankPanama CityFL
Platinum Holdings IncCovinaCA
Porter Financial CorpMission HillsCA
Primestar Financial IncCarsonCA
Provision Mortgage CorporationSan DiegoCA
R and G Lending IncCypressCA
Realty Mortgage AllianceChinoCA
Realty Mortgage LLCVirginia BeachVA
Resource Capital IncLos AngelesCA
Sara S IncLaguna HillsCA
SLS Mortgage IncSylmarCA
Stewart National Mortgage Co IncSan DiegoCA
Suburban Mortgage IncorporatedPhoenixAZ
Taylor Chaparro and Co IncMission ViejoCA
Ultimate Funding CorpTustinCA
Uniwest Mortgage CorpSan DiegoCA
Urban First Funding CorpLancasterCA
World Financial Corp IncPuerto NuevoPR
181 Title II Mortgagees and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
A C Global Capital IncGarlandTX
Accent Mortgage Services IncAlpharettaGA
Ace Mortgage IncOzone ParkNY
Acropolis Enterprise IncLa PuenteCA
ADP Financial INCCarmichaelCA
All Americans Fin Res Alliance IncMaitlandFL
Allied Finance Company IncVan NuysCA
Alosta Mortgage IncGlendoraCA
American Investment Team IncWoburnMA
American Mortgage Lending Services IncChicagoIL
American Strategic Income PortMinneapolisMN
America's Premiere Mortgage CompanyBurtonMI
Amerimort Financial CorpCity of IndustryCA
Anchor Home Loans Unlimited IncCosta MesaCA
Anodyne Lending IncSanta AnaCA
Arrow Service Corp IncDenverCO
Avalon Funding Group IncScottsdaleAZ
Bankers Mortgage Financial CorpLighthouse PointFL
Beacon Financial Services IncIndianapolisIN
Best Results Mortgage CorporationHuntington ParkCA
Better Home Financial IncSan DimasCA
Buffalo Federal Savings BankBuffaloWY
California Gold Mortgage IncEncinoCA
California Mortgage Loan Co IncSan DimasCA
Cambree Financial IncTorranceCA
Caribbean Financial Services CorpCaguasPR
Cen Cal Mortgage IncPaso RoblesCA
Cianford IncModestoCA
CJM Mortgage CorpPompton LakesNJ
Colonial Mortgage IncColumbusOH
Colorado Quality Lending LLCDenverCO
Community BankBrocktonMA
Consolidated Mortgage Plus IncReynoldsburgOH
Creative Mortgage Solutions TwoTamaracFL
Crosstowne Mortgage CorporationSilver SpringMD
CVK Enterprises IncIron MountainMI
Dearborn Savings Assoc FALawrenceburgIN
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Deluxe Mortgage LLCHoustonTX
Denali Financial Services LPFayettevilleGA
Developers Mortgage GroupLas VegasNV
Devon Kay Capital LLCAvonCT
Donn R Steier IncMammoth LakesCA
E Z Financial Services IncBerwynIL
Eagle Mortgage CompanyCrown PointIN
East Side Lending IncMilwaukeeWI
Emerald Mortgage CorpNorth HillsCA
Equity One Lenders Service IncAnaheimCA
Everett Cooperative BankEverettMA
Excell Financial LLCPortlandOR
Fairmount CompanyBeavertonOR
Farwest Plus IncLawndaleCA
Fidelity Capital Funding IncSan RamonCA
First Federal Savings and Loan Assn TxTylerTX
First FIdelity Centers IncTarzanaCA
First Fidelity Credit CorporationTorrenceCA
First Fidelity Financial IncNewport BeachCA
First Financial Home LoanMiamiFL
First Independent BankGallatinTN
First Preferred Mortgage CorpDowneyCA
First State BankColorado SpringsCO
First State Financial CorporationNewport BeachCA
Five Star Funding IncStocktonCA
Floridafirst BankLakelandFL
Four Points Mortgage CorporationRiversideCA
Freestand Financial Holding CorpPhoenixAZ
Gold Coast Funding IncIrvineCA
Grant Financial Services IncOak BrookIL
Haws IncJupiterFL
Hillcrest Financial CorpRichardsonTX
Home Builders Mortgage CorpCharlestonSC
Home Loans Direct IncCarlsbadCA
Home Mortgage Group IncAlexandriaLA
Home Mortgagee CorpGlen EllynIL
Homelink Mortgage IncKirklandWA
Huntington Browne Mortgage IncInglewoodCA
Imperial Mortgage Finance CorporationBirminghamAL
Inland Empire Funding CorpRancho CucamongaCA
Integrity Mortgage and Financial IncDenverCO
Intense Mortgage IncNewport BeachCA
International Millennium AssociationBellCA
Interstate Net BankCherry HillNJ
J Leichtman Financial ServicesLos AngelesCA
JT and T LLCTempeAZ
Klamath First Federal Savings AlaKlamath FallsOR
Konhoff Capital LLCSalt Lake CityUT
Lee and Jackson Finan ServicesCamarilloCA
Legacy Mortgage CorporationPalos HeightsIL
Legend Mortgage IncPhoenixAZ
Loan Cents Financial Services IncSummervilleSC
Loan Lines IncTarzanaCA
Loan Originators Mortgage CorpCovinaCA
Loans Unlimited IncHoustonTX
Lone Star Realty Investments IncSouthlakeTX
Mairc Mortgage CorpSouth JordanUT
Malta Service CorporationFarmingtonCT
Marquest FinancialMinneapolisMN
MCM Holdings Inc dba Mtg Bankers of FlMiamiFL
Mechanics Cooperative BankTauntonMA
Medallion Mortgage and Financial Ser LLCTampaFL
MFS Investments IncRosemeadCA
Michael Kagan IncWestlake VillageCA
Monterey Coast Mortgage CorpMontereyCA
Monumental Finance LLCLuthervilleMD
Mortgage Associates CorporationPlymouthMI
Mortgage Concepts IncCantonMI
Mortgage Made Easy IncMiamiFL
Mortgage Makers IncScottsdaleAZ
Mortgage Processing IncFederickburgVA
Mortgage Solutions Network LLCAuroraCO
Mortgages Done Wright IncEscalonCA
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National Mortgage AssociationOklahoma CityOK
Nationsbest Mortgage CorpOrangeCA
Nationwide Discount Home Loans IncRancho CucamongaCA
NDNJ IncRamcho Palos VerdesCA
Neustar Financial Services IncOvergaardAZ
New Millennium Lending IncHoustonTX
Newwest Mortgage CompanyDowneyCA
North Texas Lending LLCPlanoTX
Oakwood Acceptance Corporation LLCGreensboroNC
Oasis Financial Services IncRedlandsCA
Old American Mortgage IncMurrayUT
Old Dominion Mortgage IncCharlottesvilleVA
Osborne Nichols Hall and Associates LTDLong BeachNY
P M J K IncSan LeandroCA
Palm Beach Financial Network IncJupiterFL
Pittsburgh Home SavingsPittsburghPA
Pittsfield Co-Operative BankPittsfieldMA
Platinum Family of Companies IncCosta MesaCA
Platinum Holdings IncCovinaCA
Porter Financial CorporationMission HillsCA
Portico Mortgage-Com IncCharlotteNC
Preciosas IncVictorvilleCA
Preferred Bank FSBHoustonTX
Premiere Mortgage IncScottsdaleAZ
Prime Star Financial IncCarsonCA
Providence Funding CorporationGarden GroveCA
Provident Mortgage CorporationHackensackNJ
Quality Financial Services LCSalt Lake CityUT
Queen City Federal Savings BankVirginiaMN
R and G Lending IncCypressCA
R K Mortgage IncRichfieldOH
Rapid Mortgage LLCRapid CitySD
Residential Mortgage CompanyYoungstownOH
Resource Capital IncLos AngelesCA
Resource Lenders IncFresnoCA
Ricardo Gerscovich IncEncinoCA
RNB InvestmentsOakbrook TerraceIL
Rock Creek MortgageValenciaCA
Rushmore FinancialModestoCA
Ryan Mortgage Company IncSanta RosaCA
Second Federal Savings and Loan AssocChicagoIL
Shamrock CorpCarlsbadCA
South Bay Equities LtdBrentwoodNY
Sparrow Mortgage CorpGlendaleCA
Spectrum Global Finance IncOrlandoFL
State Financial Network IncBroomallPA
Statewide VenturesGrass ValleyCA
Stone Mountain Mortgage IncTuckerGA
Stratford Mortgage CorpQuinlanTX
Sunrise Vista Mortgage CorpCitrus HeightsCA
Texas Mortgage Professionals LLCHoustonTX
Tiempo Mortgage LLCDenverCO
Timmaron Mortgage Group IncDallasTX
Titan Financial Services IncHauppaugeNY
Total Financial Services IncPalm DesertCA
Ultimate Funding CorpTustinCA
United Bank of Absarokee NAAbsarokeeMT
United Capital Mortgage CorporationAuroraCO
United Concepts Lending IncDenverCO
United Mortgage and Invest CorpBaileys CrossroadsVA
United Mortgage Investors IncDecaturGA
Valley Pacific Mortgage CorporationDenverCO
Vanguard Financial LtdConcordCA
Walkford Funding IncStaten IslandNY
Westcoast Home Loan IncChula VistaCA
White Oak Mortgage Group LLCRaleighNC
Wilson and Associates Mortgage CorpChicagoIL
Winfield Affiliated Mortgage LPNaplesFL
Winton Savings and Loan CoCincinnatiOH
Yonkers Savings and Loan AssnYonkersNY
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Dated: June 10, 2005.

Frank L. Davis,

General Deputy Assistant Secretary for Housing-Deputy Federal Housing Commissioner.

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[FR Doc. E5-3269 Filed 6-22-05; 8:45 am]