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Notice

Mortgagee Review Board Administrative Actions Termination of Lender Approval for Renewal Noncompliance

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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, and 24 CFR 25.10, this notice advises of the cause and description of certain administrative actions taken by HUD's Mortgagee Review Board (MRB) against HUD-approved mortgagees. The MRB terminated 123 Title I and Title II lender approvals during the six month period ending March 31, 2007, for failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Joy Hadley, Director, Office of Lender Activities and Program Compliance, 451 Seventh Street, SW., Room B-133-P3214, 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 (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), and 23 CFR 25.10 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. The MRB terminated 123 Title I and Title II lender approvals during the six Start Printed Page 45259month period ending March 31, 2007, for failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

ACTION:

Termination of HUD/FHA Title I and Title II lender approval.

CAUSE:

Failure to submit an acceptable annual audited financial statement and/or payment of the annual fee required to renew their FHA lender approval.

Approval typeFHA IDLender nameCitySt
Title II1007600008ADVANTAGE ONE MORTGAGE BROKERS INCROGERSAR
Title II2063800000AKEYGENT MORTGAGE LLCOKLAHOMA CITYOK
Title II1610900006ALL STAR MORTGAGE INCPLANOTX
Title II1045200004ALLERTON FINANCIAL CORPBLOOMFIELD HILLSMI
Title I7251200007AMERIBANC CORPORATIONMEDFORDOR
Title II1054400008AMERIBANC CORPORATIONMEDFORDOR
Title II7832800005AMERICAN CALIF FIN SERV INCTORRANCECA
Title II1652600009AMERICAN DEBT REDUCTIONMARSHFIELDWI
Title II1772800000AMERICAN HOME FINANCEEDEN PRAIRIEMN
Title II1151800006AMERICAN HOME LOANS EXPRESSLONG BEACHCA
Title II1476600003AMERICAN LENDING RESOURCE INCTEMECULACA
Title II7675300005AMERICAN MORTGAGE PROFESSIONALS INCESCONDIDOCA
Title I7117900006AMERICAN MORTGAGE SERVICES INCMILLINGTONTN
Title II2373500007AMERICAN SECURE MORTGAGE LLCFORT WORTHTX
Title II1847700000AMERIHOME MORTGAGE CORPORATIONSAN BERNARDINOCA
Title II1504900009APPLIED RESEARCH CAPITAL CORPVILLA PARKIL
Title II1883400005ASPECT LLCAUSTINTX
Title II2108100000AT HOME DISCOUNT MORTGAGE INCNORTH SALT LAKEUT
Title II2112300002AVA MORTGAGE INCHUNTERSVILLENC
Title I7386900000AVENTUS INCTUKWILAWA
Title II2096200009AVENTUS INCTUKWILAWA
Title I7348700001BANKERS ACCEPTANCE MORTGAGE CORPSPRINGFIELDMO
Title II7753200009BOTTOMLINE MORTGAGE INCMONROVIACA
Title II7181100008BOULDER FINANCIAL CORPORATIONUPLANDCA
Title II1039000005BRENWARD MORTGAGE CORPORATIONCERRITOSCA
Title II1923300009C U MEMBERS MORTGAGE CORPORATIONEAST HAVENCT
Title II6441109991CAL COAST MORTGAGE CORP.SAN DIEGOCA
Title I7253300003CALIFORNIA EMPIRE FUNDING CORPRANCHO CUCAMONGACA
Title II7756700002CALIFORNIA EMPIRE FUNDING CORPRANCHO CUCAMONGACA
Title II7149400009CALIFORNIA MORTGAGE SPECIALISTS INCSUSANVILLECA
Title II2092200003CAPITOL CITY MORTGAGE INCORPRATEDCARMELIN
Title II2106100008CARDINAL BANC MORTGAGE CORPBRECKSVILLEOH
Title II1392700001CB TOWNE CENTER FINANCIALCERRITOSCA
Title II7417800006CLARK-ALLENBACH GROUPSAN DIEGOCA
Title II2085700009COAST2COAST MORTGAGE SPECIALISTS LTDGLEN ELLYNIL
Title I7192800006COMMUNITY FINANCIAL INCCLAREMONTCA
Title II7560400002COMPASS MORTGAGE INCCHARLESTONSC
Title I7274100002CONSTITUTION MORTGAGE CORPTUSTINCA
Title II7905900004CONSTITUTION MORTGAGE CORPTUSTINCA
Title II7058100004CORONA MORTGAGECORONACA
Title I7378400001CYPRESS POINT FUNDING INCWOODLAND HILLSCA
Title II1967200006CYPRESS POINT FUNDING INCWOODLAND HILLSCA
Title II1508800004EAGLE FUNDING GROUP LTDCHANTILLYVA
Title I7220600006EST FIN SERVICES INCSOUTH GATECA
Title II7983600004EST FIN SERVICES INCSOUTH GATECA
Title II1280200002EXECUTIVE HOME LOAN INCSANTA ANACA
Title II2115800006EXPRESS FUNDING CORPPARMA HEIGHTSOH
Title II1385000006FIDUCIAL LENDING CORPORATIONINDIANAPOLISIN
Title II7870900006FIRST AMERICAN FUNDING INCBALTIMOREMD
Title II1914600009FIRST FUNDING MORTGAGE INCYORBA LINDACA
Title II1787200005FIRST INTERSTATE MORTGAGEAMERICAN FORKUT
Title I7300600009GOLD CROWN HOME LOANS INCGLENDALECA
Title II1239800004GOLD CROWN HOME LOANS INCGLENDALECA
Title II2354200004GOLDEN MORTGAGE FINANCIAL SERVICESSAN JUANPR
Title II1968200002GREAT LAKES CREDIT UNIONNORTH CHICAGOIL
Title II1223000000GREATER ATLANTIC MORTGAGE CORPVIENNAVA
Title II0322109994GUARANTY LOAN AND REAL ESTATEWEST MEMPHISAR
Title I7302100008HEARTLAND FUNDING CORPSPRINGFIELDMO
Title II2353500000HILLMAN & REECE CORPORATIONAURORACO
Title II1955200005HOMELEND MORTGAGE COMPANY INCHOLLANDOH
Title II1282600009HOMESTEAD MORTGAGE CORPNORTH READINGMA
Title II7660600008IMPERIAL LENDERS CORPORATIONMIAMIFL
Title II1763900000INTEGRITY MORTGAGE GROUP INCHURSTTX
Title II7931100006INTERBANK MORTGAGE CORPHUNTINGTON BEACHCA
Title I7345700004J J AND D FINANCIAL SERVICES INCBUENA PARKCA
Title II1605300004J J AND D FINANCIAL SERVICES INCBUENA PARKCA
Title I7363100004JB MORTGAGE MARKET INCDUBLINCA
Title II1777500005JB MORTGAGE MARKET INCDUBLINCA
Title II1909400001JPO FUNDING INCEULESSTX
Start Printed Page 45260
Title II1279400003JT ENTERPRISESHUNTINGTON BEACHCA
Title II1158800000KERN CENTRAL CREDIT UNIONBAKERSFIELDCA
Title II1912300004KNR MORTGAGE INCALBUQUERQUENM
Title II7879700001LAGUNA FUNDING CORPORATIONONTARIOCA
Title II7744400009LEGACY FINANCIAL GROUP INCARLINGTONTX
Title II1661700001LENDERS FINANCIAL MORTGAGE CORPDAVIEFL
Title II1894900004MAIDSTONE MORTGAGEDOWNEYCA
Title II7915200006MAJOR MORTGAGECHEYENNEWY
Title II1641500003MESA FINANCIAL INCANAHEIMCA
Title II7942100000MILDOR CORPORATIONVICTORIATX
Title II1600800007MONEY TREE MORTGAGE BANKERS USA INCMIAMIFL
Title II7167700005MONTICELLO BANKJACKSONVILLEFL
Title II1780600004MURRAY MORTGAGE INCORPORATEDDALLASTX
Title II1430400000NATIONS FUNDING GROUPATLANTAGA
Title II2335200004NATIONS MORTGAGE CORPORATIONSALT LAKE CITYUT
Title II2290900004NATIONWIDE MORTGAGE GROUP INCSOUTHFIELDMI
Title II1152300008NATIONWIDE REALTY SERVICES INCSAN DIEGOCA
Title II7313700006NORTH SUBURBAN MORTGAGE CORPBROOMFIELDCO
Title II1135500002ODICO INCLOS ANGELESCA
Title II1256900002PARK PLACE MORTGAGE CORPLIVONIAMI
Title II2705009995PHILADELPHIA FREEDOM CORPLAS VEGASNV
Title II1340600007PRIME EQUITY ACCESS CORPGRAND RAPIDSMI
Title II2314300002QUALIFIED MORTGAGE SOLUTIONS, L.P.PALM BEACH GARDENSFL
Title II2022700000QUOTEMEARATE.COMHOUSTONTX
Title II1657700001R SANCHEZ FINANCIAL INCRANCHO CUCAMONGACA
Title II1336900006REGENCY MORTGAGE COBIRMINGHAMAL
Title II7520600001REPUBLIC MORTGAGE CORPORATIONTROYMI
Title I7177600009SAN DIEGO SOUTHLAND EQUITIES LTDSAN DIEGOCA
Title II7811400009SAN DIEGO SOUTHLAND EQUITIES LTDSAN DIEGOCA
Title II1120500002SCOTT RESIDENTIAL SERVICES INCCITRUS HEIGHTSCA
Title II2257500002SFMCPS INCDURHAMNC
Title I7086600009SHASTA FINANCIAL SERVICES INCELK GROVECA
Title II2343200000SILVERSTONE MORTGAGE INCHOUSTONTX
Title II1337500002SIMPLICITY FUNDING INCDALLASTX
Title II7423200003SMI SOUTHERN MORTGAGE INCBIRMINGHAMAL
Title II1291000005ST CLOUD MORTGAGESANTA CLEMENTECA
Title II2229000006STARMARK FINANCIAL LLCSOUTHFIELDMI
Title II2079700006STRATE FINANCIAL SERVICES LLCDENVERCO
Title II1777400009SUMMIT CAPITAL GROUP INCPACIFIC GROVECA
Title II1187300004SUPERIOR LENDING CORPPLANOTX
Title II1981200004SUPERIOR MORTGAGE INCEDEN PRAIRIEMN
Title II1789900004TAILOR-MADE MORTGAGE CORPMENIFEECA
Title II7518300001TRUST MORTGAGE COMPANY INCWALTHAMMA
Title II2274300008UFS FINANCIAL GROUP INCDALLASTX
Title II1909800005UNION MORTGAGE INCARLINGTONTX
Title I7082100004UNIVERSAL SAVINGS BANK FAMILWAUKEEWI
Title II7182600009VALLEY BANK MARYLANDHUNT VALLEYMD
Title I7198900008VALLEYSOURCE MORTGAGE INCBAKERSFIELDCA
Title II7882200000VALLEYSOURCE MORTGAGE INCBAKERSFIELDCA
Title II7373900007VILLAGE ASSOCIATES MORTGAGE INCBIRMINGHAMMI
Title II7849900009VOYAGEUR FINANCIAL INCPRIOR LAKEMN
Title II1987900009WENTWORTH MORTGAGE CORPORATIONPLYMOUTHMI
Title II2330000000WEST MICHIGAN MORTGAGE AND FINANCIAL SERGRAND RAPIDSMI
Title II7207000003WESTERN CAPITAL ASSOCIATESSAN DIEGOCA
Start Signature

Dated: August 3, 2007.

Brian D. Montgomery,

Assistant Secretary for Housing—Federal Housing Commissioner, Chairman Mortgagee Review Board.

End Signature End Supplemental Information

[FR Doc. E7-15742 Filed 8-10-07; 8:45 am]

BILLING CODE 4210-67-P