[Federal Register Volume 66, Number 12 (Thursday, January 18, 2001)]
[Notices]
[Page 4855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-1538]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4558-N-04]


Mortgage Review Board: Administrative Actions--Clarification

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

ACTION: Public Notice, Mortgagee Review Board, Clarification of 
Administrative Action.

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SUMMARY: 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.

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.

SUPPLEMENTARY 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.

    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