[Federal Register Volume 72, Number 155 (Monday, August 13, 2007)]
[Notices]
[Pages 45258-45260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15742]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5157-N-02]


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

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

ACTION: Notice.

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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.

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).

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

[[Page 45259]]

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.

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 type            FHA ID               Lender name                     City                 St
----------------------------------------------------------------------------------------------------------------
Title II.................      1007600008  ADVANTAGE ONE MORTGAGE         ROGERS.................  AR
                                            BROKERS INC.
Title II.................      2063800000  AKEYGENT MORTGAGE LLC........  OKLAHOMA CITY..........  OK
Title II.................      1610900006  ALL STAR MORTGAGE INC........  PLANO..................  TX
Title II.................      1045200004  ALLERTON FINANCIAL CORP......  BLOOMFIELD HILLS.......  MI
Title I..................      7251200007  AMERIBANC CORPORATION........  MEDFORD................  OR
Title II.................      1054400008  AMERIBANC CORPORATION........  MEDFORD................  OR
Title II.................      7832800005  AMERICAN CALIF FIN SERV INC..  TORRANCE...............  CA
Title II.................      1652600009  AMERICAN DEBT REDUCTION......  MARSHFIELD.............  WI
Title II.................      1772800000  AMERICAN HOME FINANCE........  EDEN PRAIRIE...........  MN
Title II.................      1151800006  AMERICAN HOME LOANS EXPRESS..  LONG BEACH.............  CA
Title II.................      1476600003  AMERICAN LENDING RESOURCE INC  TEMECULA...............  CA
Title II.................      7675300005  AMERICAN MORTGAGE              ESCONDIDO..............  CA
                                            PROFESSIONALS INC.
Title I..................      7117900006  AMERICAN MORTGAGE SERVICES     MILLINGTON.............  TN
                                            INC.
Title II.................      2373500007  AMERICAN SECURE MORTGAGE LLC.  FORT WORTH.............  TX
Title II.................      1847700000  AMERIHOME MORTGAGE             SAN BERNARDINO.........  CA
                                            CORPORATION.
Title II.................      1504900009  APPLIED RESEARCH CAPITAL CORP  VILLA PARK.............  IL
Title II.................      1883400005  ASPECT LLC...................  AUSTIN.................  TX
Title II.................      2108100000  AT HOME DISCOUNT MORTGAGE INC  NORTH SALT LAKE........  UT
Title II.................      2112300002  AVA MORTGAGE INC.............  HUNTERSVILLE...........  NC
Title I..................      7386900000  AVENTUS INC..................  TUKWILA................  WA
Title II.................      2096200009  AVENTUS INC..................  TUKWILA................  WA
Title I..................      7348700001  BANKERS ACCEPTANCE MORTGAGE    SPRINGFIELD............  MO
                                            CORP.
Title II.................      7753200009  BOTTOMLINE MORTGAGE INC......  MONROVIA...............  CA
Title II.................      7181100008  BOULDER FINANCIAL CORPORATION  UPLAND.................  CA
Title II.................      1039000005  BRENWARD MORTGAGE CORPORATION  CERRITOS...............  CA
Title II.................      1923300009  C U MEMBERS MORTGAGE           EAST HAVEN.............  CT
                                            CORPORATION.
Title II.................      6441109991  CAL COAST MORTGAGE CORP......  SAN DIEGO..............  CA
Title I..................      7253300003  CALIFORNIA EMPIRE FUNDING      RANCHO CUCAMONGA.......  CA
                                            CORP.
Title II.................      7756700002  CALIFORNIA EMPIRE FUNDING      RANCHO CUCAMONGA.......  CA
                                            CORP.
Title II.................      7149400009  CALIFORNIA MORTGAGE            SUSANVILLE.............  CA
                                            SPECIALISTS INC.
Title II.................      2092200003  CAPITOL CITY MORTGAGE          CARMEL.................  IN
                                            INCORPRATED.
Title II.................      2106100008  CARDINAL BANC MORTGAGE CORP..  BRECKSVILLE............  OH
Title II.................      1392700001  CB TOWNE CENTER FINANCIAL....  CERRITOS...............  CA
Title II.................      7417800006  CLARK-ALLENBACH GROUP........  SAN DIEGO..............  CA
Title II.................      2085700009  COAST2COAST MORTGAGE           GLEN ELLYN.............  IL
                                            SPECIALISTS LTD.
Title I..................      7192800006  COMMUNITY FINANCIAL INC......  CLAREMONT..............  CA
Title II.................      7560400002  COMPASS MORTGAGE INC.........  CHARLESTON.............  SC
Title I..................      7274100002  CONSTITUTION MORTGAGE CORP...  TUSTIN.................  CA
Title II.................      7905900004  CONSTITUTION MORTGAGE CORP...  TUSTIN.................  CA
Title II.................      7058100004  CORONA MORTGAGE..............  CORONA.................  CA
Title I..................      7378400001  CYPRESS POINT FUNDING INC....  WOODLAND HILLS.........  CA
Title II.................      1967200006  CYPRESS POINT FUNDING INC....  WOODLAND HILLS.........  CA
Title II.................      1508800004  EAGLE FUNDING GROUP LTD......  CHANTILLY..............  VA
Title I..................      7220600006  EST FIN SERVICES INC.........  SOUTH GATE.............  CA
Title II.................      7983600004  EST FIN SERVICES INC.........  SOUTH GATE.............  CA
Title II.................      1280200002  EXECUTIVE HOME LOAN INC......  SANTA ANA..............  CA
Title II.................      2115800006  EXPRESS FUNDING CORP.........  PARMA HEIGHTS..........  OH
Title II.................      1385000006  FIDUCIAL LENDING CORPORATION.  INDIANAPOLIS...........  IN
Title II.................      7870900006  FIRST AMERICAN FUNDING INC...  BALTIMORE..............  MD
Title II.................      1914600009  FIRST FUNDING MORTGAGE INC...  YORBA LINDA............  CA
Title II.................      1787200005  FIRST INTERSTATE MORTGAGE....  AMERICAN FORK..........  UT
Title I..................      7300600009  GOLD CROWN HOME LOANS INC....  GLENDALE...............  CA
Title II.................      1239800004  GOLD CROWN HOME LOANS INC....  GLENDALE...............  CA
Title II.................      2354200004  GOLDEN MORTGAGE FINANCIAL      SAN JUAN...............  PR
                                            SERVICES.
Title II.................      1968200002  GREAT LAKES CREDIT UNION.....  NORTH CHICAGO..........  IL
Title II.................      1223000000  GREATER ATLANTIC MORTGAGE      VIENNA.................  VA
                                            CORP.
Title II.................      0322109994  GUARANTY LOAN AND REAL ESTATE  WEST MEMPHIS...........  AR
Title I..................      7302100008  HEARTLAND FUNDING CORP.......  SPRINGFIELD............  MO
Title II.................      2353500000  HILLMAN & REECE CORPORATION..  AURORA.................  CO
Title II.................      1955200005  HOMELEND MORTGAGE COMPANY INC  HOLLAND................  OH
Title II.................      1282600009  HOMESTEAD MORTGAGE CORP......  NORTH READING..........  MA
Title II.................      7660600008  IMPERIAL LENDERS CORPORATION.  MIAMI..................  FL
Title II.................      1763900000  INTEGRITY MORTGAGE GROUP INC.  HURST..................  TX
Title II.................      7931100006  INTERBANK MORTGAGE CORP......  HUNTINGTON BEACH.......  CA
Title I..................      7345700004  J J AND D FINANCIAL SERVICES   BUENA PARK.............  CA
                                            INC.
Title II.................      1605300004  J J AND D FINANCIAL SERVICES   BUENA PARK.............  CA
                                            INC.
Title I..................      7363100004  JB MORTGAGE MARKET INC.......  DUBLIN.................  CA
Title II.................      1777500005  JB MORTGAGE MARKET INC.......  DUBLIN.................  CA
Title II.................      1909400001  JPO FUNDING INC..............  EULESS.................  TX

[[Page 45260]]

 
Title II.................      1279400003  JT ENTERPRISES...............  HUNTINGTON BEACH.......  CA
Title II.................      1158800000  KERN CENTRAL CREDIT UNION....  BAKERSFIELD............  CA
Title II.................      1912300004  KNR MORTGAGE INC.............  ALBUQUERQUE............  NM
Title II.................      7879700001  LAGUNA FUNDING CORPORATION...  ONTARIO................  CA
Title II.................      7744400009  LEGACY FINANCIAL GROUP INC...  ARLINGTON..............  TX
Title II.................      1661700001  LENDERS FINANCIAL MORTGAGE     DAVIE..................  FL
                                            CORP.
Title II.................      1894900004  MAIDSTONE MORTGAGE...........  DOWNEY.................  CA
Title II.................      7915200006  MAJOR MORTGAGE...............  CHEYENNE...............  WY
Title II.................      1641500003  MESA FINANCIAL INC...........  ANAHEIM................  CA
Title II.................      7942100000  MILDOR CORPORATION...........  VICTORIA...............  TX
Title II.................      1600800007  MONEY TREE MORTGAGE BANKERS    MIAMI..................  FL
                                            USA INC.
Title II.................      7167700005  MONTICELLO BANK..............  JACKSONVILLE...........  FL
Title II.................      1780600004  MURRAY MORTGAGE INCORPORATED.  DALLAS.................  TX
Title II.................      1430400000  NATIONS FUNDING GROUP........  ATLANTA................  GA
Title II.................      2335200004  NATIONS MORTGAGE CORPORATION.  SALT LAKE CITY.........  UT
Title II.................      2290900004  NATIONWIDE MORTGAGE GROUP INC  SOUTHFIELD.............  MI
Title II.................      1152300008  NATIONWIDE REALTY SERVICES     SAN DIEGO..............  CA
                                            INC.
Title II.................      7313700006  NORTH SUBURBAN MORTGAGE CORP.  BROOMFIELD.............  CO
Title II.................      1135500002  ODICO INC....................  LOS ANGELES............  CA
Title II.................      1256900002  PARK PLACE MORTGAGE CORP.....  LIVONIA................  MI
Title II.................      2705009995  PHILADELPHIA FREEDOM CORP....  LAS VEGAS..............  NV
Title II.................      1340600007  PRIME EQUITY ACCESS CORP.....  GRAND RAPIDS...........  MI
Title II.................      2314300002  QUALIFIED MORTGAGE SOLUTIONS,  PALM BEACH GARDENS.....  FL
                                            L.P..
Title II.................      2022700000  QUOTEMEARATE.COM.............  HOUSTON................  TX
Title II.................      1657700001  R SANCHEZ FINANCIAL INC......  RANCHO CUCAMONGA.......  CA
Title II.................      1336900006  REGENCY MORTGAGE CO..........  BIRMINGHAM.............  AL
Title II.................      7520600001  REPUBLIC MORTGAGE CORPORATION  TROY...................  MI
Title I..................      7177600009  SAN DIEGO SOUTHLAND EQUITIES   SAN DIEGO..............  CA
                                            LTD.
Title II.................      7811400009  SAN DIEGO SOUTHLAND EQUITIES   SAN DIEGO..............  CA
                                            LTD.
Title II.................      1120500002  SCOTT RESIDENTIAL SERVICES     CITRUS HEIGHTS.........  CA
                                            INC.
Title II.................      2257500002  SFMCPS INC...................  DURHAM.................  NC
Title I..................      7086600009  SHASTA FINANCIAL SERVICES INC  ELK GROVE..............  CA
Title II.................      2343200000  SILVERSTONE MORTGAGE INC.....  HOUSTON................  TX
Title II.................      1337500002  SIMPLICITY FUNDING INC.......  DALLAS.................  TX
Title II.................      7423200003  SMI SOUTHERN MORTGAGE INC....  BIRMINGHAM.............  AL
Title II.................      1291000005  ST CLOUD MORTGAGE............  SANTA CLEMENTE.........  CA
Title II.................      2229000006  STARMARK FINANCIAL LLC.......  SOUTHFIELD.............  MI
Title II.................      2079700006  STRATE FINANCIAL SERVICES LLC  DENVER.................  CO
Title II.................      1777400009  SUMMIT CAPITAL GROUP INC.....  PACIFIC GROVE..........  CA
Title II.................      1187300004  SUPERIOR LENDING CORP........  PLANO..................  TX
Title II.................      1981200004  SUPERIOR MORTGAGE INC........  EDEN PRAIRIE...........  MN
Title II.................      1789900004  TAILOR-MADE MORTGAGE CORP....  MENIFEE................  CA
Title II.................      7518300001  TRUST MORTGAGE COMPANY INC...  WALTHAM................  MA
Title II.................      2274300008  UFS FINANCIAL GROUP INC......  DALLAS.................  TX
Title II.................      1909800005  UNION MORTGAGE INC...........  ARLINGTON..............  TX
Title I..................      7082100004  UNIVERSAL SAVINGS BANK FA....  MILWAUKEE..............  WI
Title II.................      7182600009  VALLEY BANK MARYLAND.........  HUNT VALLEY............  MD
Title I..................      7198900008  VALLEYSOURCE MORTGAGE INC....  BAKERSFIELD............  CA
Title II.................      7882200000  VALLEYSOURCE MORTGAGE INC....  BAKERSFIELD............  CA
Title II.................      7373900007  VILLAGE ASSOCIATES MORTGAGE    BIRMINGHAM.............  MI
                                            INC.
Title II.................      7849900009  VOYAGEUR FINANCIAL INC.......  PRIOR LAKE.............  MN
Title II.................      1987900009  WENTWORTH MORTGAGE             PLYMOUTH...............  MI
                                            CORPORATION.
Title II.................      2330000000  WEST MICHIGAN MORTGAGE AND     GRAND RAPIDS...........  MI
                                            FINANCIAL SER.
Title II.................      7207000003  WESTERN CAPITAL ASSOCIATES...  SAN DIEGO..............  CA
----------------------------------------------------------------------------------------------------------------


    Dated: August 3, 2007.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner, Chairman 
Mortgagee Review Board.
[FR Doc. E7-15742 Filed 8-10-07; 8:45 am]
BILLING CODE 4210-67-P