70 FR 120 pgs. 36403-36407 - Mortgagee Review Board Administrative Actions Withdrawal of Approval for Recertification Noncompliance

Type: NOTICEVolume: 70Number: 120Pages: 36403 - 36407
Docket number: [Docket No. FR-4914-N-06]
FR document: [FR Doc. E5-3269 Filed 6-22-05; 8:45 am]
Agency: Housing and Urban Development Department
Official PDF Version:  PDF Version

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4914-N-06]

Mortgagee Review Board Administrative Actions Withdrawal of Approval for Recertification Noncompliance

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, 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.

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

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, 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.

Name City St
59 Title I Lenders and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
Alabama Home Mortgage Lending Birmingham AL
Allied Finance Company Inc Van Nuys CA
Alosta Mortgage Inc Glendora CA
American Lending Resource Inc Temecula CA
American Residential Funding Inc Costa Mesa CA
American Union Home Loans Downey CA
Anchor Home Loans Unlimited Inc Costa Mesa CA
Avalon Mortgage Corporation San Diego CA
Brookside Mortgage LLC Tulsa OK
Budget Mortgage Bankers Ltd Lake Success NY
California Gold Mortgage Inc Encino CA
California Mortgage Loan Co San Dimas CA
Cambree Financial Inc Torrance CA
Capitol Federal Savings Bank Tokepa KS
Caribbean Financial Services Corp Caguas PR
Community Bank Brockton MA
Emerald Mortgage Corp North Hills CA
Excell Financial LLC Portland OR
Farwest Plus Inc Lawndale CA
Financial Partners Credit Union Downey CA
First City Capital of Nevada Inc Las Vegas NV
First Federal Bank Hazleton PA
First Preferred Mortgage Corp Downey CA
HCG North America LLC Orange CA
IMortgage Funding Corporation San Diego CA
International Home Capital Corp Woodland Hills CA
JT and T LLC Tempe AZ
Legacy Mortgage Inc Plano TX
Loan Cents Financial Services North Charleston SC
London Financial Group Irvine CA
Madison Mortgage Corporation Smyrna GA
MFS Investments Inc Montebello CA
Michael Kagan Inc Westlake Village CA
Nevada Brookside Mortgage Corp Cerritos CA
Norwest Home Improvement Inc Concord CA
Oakwood Acceptance Corporation LLC Greensboro NC
Oakwood Mortgage Investors Inc Las Vegas NV
Olympia Mortgage Corporation Brooklyn NY
Pacific Gold Mortgage Group LLC Phoenix AZ
Pacific Sun Mortgage Company Inc Carlsbad CA
Peoples First Community Bank Panama City FL
Platinum Holdings Inc Covina CA
Porter Financial Corp Mission Hills CA
Primestar Financial Inc Carson CA
Provision Mortgage Corporation San Diego CA
R and G Lending Inc Cypress CA
Realty Mortgage Alliance Chino CA
Realty Mortgage LLC Virginia Beach VA
Resource Capital Inc Los Angeles CA
Sara S Inc Laguna Hills CA
SLS Mortgage Inc Sylmar CA
Stewart National Mortgage Co Inc San Diego CA
Suburban Mortgage Incorporated Phoenix AZ
Taylor Chaparro and Co Inc Mission Viejo CA
Ultimate Funding Corp Tustin CA
Uniwest Mortgage Corp San Diego CA
Urban First Funding Corp Lancaster CA
World Financial Corp Inc Puerto Nuevo PR
181 Title II Mortgagees and Loan Correspondents Terminated Between October 1, 2004 and March 31, 2005
A C Global Capital Inc Garland TX
Accent Mortgage Services Inc Alpharetta GA
Ace Mortgage Inc Ozone Park NY
Acropolis Enterprise Inc La Puente CA
ADP Financial INC Carmichael CA
All Americans Fin Res Alliance Inc Maitland FL
Allied Finance Company Inc Van Nuys CA
Alosta Mortgage Inc Glendora CA
American Investment Team Inc Woburn MA
American Mortgage Lending Services Inc Chicago IL
American Strategic Income Port Minneapolis MN
America's Premiere Mortgage Company Burton MI
Amerimort Financial Corp City of Industry CA
Anchor Home Loans Unlimited Inc Costa Mesa CA
Anodyne Lending Inc Santa Ana CA
Arrow Service Corp Inc Denver CO
Avalon Funding Group Inc Scottsdale AZ
Bankers Mortgage Financial Corp Lighthouse Point FL
Beacon Financial Services Inc Indianapolis IN
Best Results Mortgage Corporation Huntington Park CA
Better Home Financial Inc San Dimas CA
Buffalo Federal Savings Bank Buffalo WY
California Gold Mortgage Inc Encino CA
California Mortgage Loan Co Inc San Dimas CA
Cambree Financial Inc Torrance CA
Caribbean Financial Services Corp Caguas PR
Cen Cal Mortgage Inc Paso Robles CA
Cianford Inc Modesto CA
CJM Mortgage Corp Pompton Lakes NJ
Colonial Mortgage Inc Columbus OH
Colorado Quality Lending LLC Denver CO
Community Bank Brockton MA
Consolidated Mortgage Plus Inc Reynoldsburg OH
Creative Mortgage Solutions Two Tamarac FL
Crosstowne Mortgage Corporation Silver Spring MD
CVK Enterprises Inc Iron Mountain MI
Dearborn Savings Assoc FA Lawrenceburg IN
Deluxe Mortgage LLC Houston TX
Denali Financial Services LP Fayetteville GA
Developers Mortgage Group Las Vegas NV
Devon Kay Capital LLC Avon CT
Donn R Steier Inc Mammoth Lakes CA
E Z Financial Services Inc Berwyn IL
Eagle Mortgage Company Crown Point IN
East Side Lending Inc Milwaukee WI
Emerald Mortgage Corp North Hills CA
Equity One Lenders Service Inc Anaheim CA
Everett Cooperative Bank Everett MA
Excell Financial LLC Portland OR
Fairmount Company Beaverton OR
Farwest Plus Inc Lawndale CA
Fidelity Capital Funding Inc San Ramon CA
First Federal Savings and Loan Assn Tx Tyler TX
First FIdelity Centers Inc Tarzana CA
First Fidelity Credit Corporation Torrence CA
First Fidelity Financial Inc Newport Beach CA
First Financial Home Loan Miami FL
First Independent Bank Gallatin TN
First Preferred Mortgage Corp Downey CA
First State Bank Colorado Springs CO
First State Financial Corporation Newport Beach CA
Five Star Funding Inc Stockton CA
Floridafirst Bank Lakeland FL
Four Points Mortgage Corporation Riverside CA
Freestand Financial Holding Corp Phoenix AZ
GMRC LLC Lafayette IN
Gold Coast Funding Inc Irvine CA
Grant Financial Services Inc Oak Brook IL
Haws Inc Jupiter FL
Hillcrest Financial Corp Richardson TX
Home Builders Mortgage Corp Charleston SC
Home Loans Direct Inc Carlsbad CA
Home Mortgage Group Inc Alexandria LA
Home Mortgagee Corp Glen Ellyn IL
Homelink Mortgage Inc Kirkland WA
Huntington Browne Mortgage Inc Inglewood CA
Imperial Mortgage Finance Corporation Birmingham AL
Inland Empire Funding Corp Rancho Cucamonga CA
Integrity Mortgage and Financial Inc Denver CO
Intense Mortgage Inc Newport Beach CA
International Millennium Association Bell CA
Interstate Net Bank Cherry Hill NJ
J Leichtman Financial Services Los Angeles CA
JT and T LLC Tempe AZ
Klamath First Federal Savings Ala Klamath Falls OR
Konhoff Capital LLC Salt Lake City UT
Lee and Jackson Finan Services Camarillo CA
Legacy Mortgage Corporation Palos Heights IL
Legend Mortgage Inc Phoenix AZ
Loan Cents Financial Services Inc Summerville SC
Loan Lines Inc Tarzana CA
Loan Originators Mortgage Corp Covina CA
Loans Unlimited Inc Houston TX
Lone Star Realty Investments Inc Southlake TX
Mairc Mortgage Corp South Jordan UT
Malta Service Corporation Farmington CT
Marquest Financial Minneapolis MN
MCM Holdings Inc dba Mtg Bankers of Fl Miami FL
Mechanics Cooperative Bank Taunton MA
Medallion Mortgage and Financial Ser LLC Tampa FL
MFS Investments Inc Rosemead CA
Michael Kagan Inc Westlake Village CA
Monterey Coast Mortgage Corp Monterey CA
Monumental Finance LLC Lutherville MD
Mortgage Associates Corporation Plymouth MI
Mortgage Concepts Inc Canton MI
Mortgage Made Easy Inc Miami FL
Mortgage Makers Inc Scottsdale AZ
Mortgage Processing Inc Federickburg VA
Mortgage Solutions Network LLC Aurora CO
Mortgages Done Wright Inc Escalon CA
National Mortgage Association Oklahoma City OK
Nationsbest Mortgage Corp Orange CA
Nationwide Discount Home Loans Inc Rancho Cucamonga CA
NDNJ Inc Ramcho Palos Verdes CA
Neustar Financial Services Inc Overgaard AZ
New Millennium Lending Inc Houston TX
Newwest Mortgage Company Downey CA
North Texas Lending LLC Plano TX
Oakwood Acceptance Corporation LLC Greensboro NC
Oasis Financial Services Inc Redlands CA
Old American Mortgage Inc Murray UT
Old Dominion Mortgage Inc Charlottesville VA
Osborne Nichols Hall and Associates LTD Long Beach NY
P M J K Inc San Leandro CA
Palm Beach Financial Network Inc Jupiter FL
Pittsburgh Home Savings Pittsburgh PA
Pittsfield Co-Operative Bank Pittsfield MA
Platinum Family of Companies Inc Costa Mesa CA
Platinum Holdings Inc Covina CA
Porter Financial Corporation Mission Hills CA
Portico Mortgage-Com Inc Charlotte NC
Preciosas Inc Victorville CA
Preferred Bank FSB Houston TX
Premiere Mortgage Inc Scottsdale AZ
Prime Star Financial Inc Carson CA
Providence Funding Corporation Garden Grove CA
Provident Mortgage Corporation Hackensack NJ
Quality Financial Services LC Salt Lake City UT
Queen City Federal Savings Bank Virginia MN
R and G Lending Inc Cypress CA
R K Mortgage Inc Richfield OH
Rapid Mortgage LLC Rapid City SD
Residential Mortgage Company Youngstown OH
Resource Capital Inc Los Angeles CA
Resource Lenders Inc Fresno CA
Ricardo Gerscovich Inc Encino CA
RNB Investments Oakbrook Terrace IL
Rock Creek Mortgage Valencia CA
Rushmore Financial Modesto CA
Ryan Mortgage Company Inc Santa Rosa CA
Second Federal Savings and Loan Assoc Chicago IL
Shamrock Corp Carlsbad CA
South Bay Equities Ltd Brentwood NY
Sparrow Mortgage Corp Glendale CA
Spectrum Global Finance Inc Orlando FL
State Financial Network Inc Broomall PA
Statewide Ventures Grass Valley CA
Stone Mountain Mortgage Inc Tucker GA
Stratford Mortgage Corp Quinlan TX
Sunrise Vista Mortgage Corp Citrus Heights CA
Texas Mortgage Professionals LLC Houston TX
Tiempo Mortgage LLC Denver CO
Timmaron Mortgage Group Inc Dallas TX
Titan Financial Services Inc Hauppauge NY
Total Financial Services Inc Palm Desert CA
Ultimate Funding Corp Tustin CA
United Bank of Absarokee NA Absarokee MT
United Capital Mortgage Corporation Aurora CO
United Concepts Lending Inc Denver CO
United Mortgage and Invest Corp Baileys Crossroads VA
United Mortgage Investors Inc Decatur GA
Valley Pacific Mortgage Corporation Denver CO
Vanguard Financial Ltd Concord CA
Walkford Funding Inc Staten Island NY
Westcoast Home Loan Inc Chula Vista CA
White Oak Mortgage Group LLC Raleigh NC
Wilson and Associates Mortgage Corp Chicago IL
Winfield Affiliated Mortgage LP Naples FL
Winton Savings and Loan Co Cincinnati OH
Yonkers Savings and Loan Assn Yonkers NY

Dated: June 10, 2005.

Frank L. Davis,

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

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

BILLING CODE 4210-27-P