[Federal Register Volume 69, Number 147 (Monday, August 2, 2004)]
[Notices]
[Pages 46175-46178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17515]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4914-N-03]


Mortgagee Review Board Administrative Actions

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, 
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 the 
required audited annual financial statement, an acceptable annual 
audited financial statement and/or payment of the annual 
recertification fee.

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 Hearing- and Speech-Impaired Individuals (TTY) is available 
at 1-800-877-8339 (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), 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, 2003 through March 31, 2004, related to the 
failure of Title I lenders and Title II mortgagees to submit the 
required audited annual financial statement, an acceptable annual 
audited financial statement and/or payment of the annual 
recertification fee.
    Action: Withdrawal of HUD/FHA Title I lender approval and Title II 
mortgagee approval.
    Cause: Failure to submit to the Department the required annual 
audited financial statement, an acceptable annual audited financial 
statement, and/or remit the required annual recertification fee.

               33 Title I Lenders and Loan Correspondents
         [Terminated between October 1, 2003 and March 31, 2004]
------------------------------------------------------------------------
             Name                            City                State
------------------------------------------------------------------------
ABC MORTGAGE INC..............  SACRAMENTO...................  CA
BAYPORTE ENTERPRISES INC......  FOSTER CITY..................  CA
CALIFORNIA DISCOUNT MORTGAGE..  COVINA.......................  CA
CALIFORNIA GOLD MORTGAGE INC..  ENCINO.......................  CA
CELTIC BANK...................  SALT LAKE CITY...............  UT
CHANNEL POINT CORPORATION.....  CARSON.......................  CA
COUNTYWIDE LENDERS CORP.......  ONTARIO......................  CA
CROWN BANK FSB................  CASSELBERRY..................  FL
CSBM INC......................  PASADENA.....................  CA
DIADCO FINANCIAL SERVICES INC.  COVINA.......................  CA
ENTERPRISE FEDERAL SAVINGS      LARGO........................  MD
 BANK.
EZ HOME FUNDING INC...........  SOUTH GATE...................  CA
FIDELITY FEDERAL SAVINGS BANK.  CHICAGO......................  IL
FIRST NATIONAL BANK...........  BANGOR.......................  WI
FIRST PREFERRED MORTGAGE CORP.  DOWNEY.......................  CA
INTEGRITY MORTGAGE CORPORATION  DOWNEY.......................  CA
LANDMARK NATIONAL BANK........  DODGE CITY...................  KS
LIBERTY FINANCIAL GROUP.......  BELLEVUE.....................  WA
LIBERTY MORTGAGE CORPORATION..  ERIE.........................  PA
LINDA JENSEN ENTERPRISES......  MISSION VIEJO................  CA
LOANMAX BANCORP...............  ARTESIA......................  CA
M W FINANCIAL INC.............  TORRANCE.....................  CA
MAJESTY MORTGAGE CORP.........  LOS ANGELES..................  CA
MOJAVE VALLEY MORTGAGE CORP...  VICTORVILLE..................  CA
NAPOLI MORTGAGE AND INVESTMENT  MIAMI........................  FL
NDNJ INC......................  RANCHO PALOS VERDES..........  CA
PROFESSIONAL ADVANTAGE          BOSTON.......................  MA
 FINANCIAL GROUP I.
PROFUNDING INC................  NORTH HOLLYWOOD..............  CA
RICARDO GERSCOVICH INC........  VAN NUYS.....................  CA
SECOND CITY FINANCIAL INC.....  DENVER.......................  CO
THIRTY TWO ROJO INC...........  PALM DESERT..................  CA
TRICOR FUNDING INC............  ONTARIO......................  CA
WAUSAU MORTGAGE CORPORATION...  PLEASANTON...................  CA
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[[Page 46176]]


             179 Title II Mortgagees and Loan Correspondents
         [Terminated between October 1, 2003 and March 31, 2004]
------------------------------------------------------------------------
             Name                            City                State
------------------------------------------------------------------------
ABC MORTGAGE INC..............  SACRAMENTO...................  CA
ADVANTAGE ONE MORTGAGE CORP...  BENSALEM.....................  PA
ALCON ACTION AGENCY INC         CONWAY.......................  SC
 MORTGAGES.
ALLIED LENDING CORPORATION....  LAKE FOREST..................  CA
ALPINE MORTGAGE OF OREGON INC.  SPRINGFIELD..................  OR
ALTERNA MORTGAGE COMPANY......  MT OLIVE.....................  NJ
AMERICA WEST LENDER EXPRESS     SAN DIEGO....................  CA
 INC.
AMERICAN REVERSE MORTGAGE LLC.  GLEN BURNIE..................  MD
AMERITECH MORTGAGE BANKERS INC  LANHAM.......................  MD
AMEX REAL ESTATE SERVICES INC.  VISTA........................  CA
ANTELOPE MORTGAGE INC.........  NEWBERG......................  OR
APPLE MORTGAGE BANC AND         FORT MYERS...................  FL
 LENDING.
APR MORTGAGE..................  NORTHRIDGE...................  CA
ASSURANCE LENDING SERVICES LLC  HOUSTON......................  TX
AXTION INC....................  COLUMBIA.....................  SC
BANYAN FINANCIAL OF CENTRAL     CLERMONT.....................  FL
 FLORIDA LP.
BELL CAPITAL INC..............  CHICAGO......................  IL
BENEFICIAL CAPITAL MANAGEMENT   LAGUNA HILLS.................  CA
 CORP.
BENEFIT MORTGAGE SERVICES LLC.  CLINTON......................  MD
C W COBB AND ASSOCIATION INC..  ARLINGTON....................  VA
CALIFORNIA EXPRESS FUNDING INC  ONTARIO......................  CA
CALIFORNIA GOLD MORTGAGE INC..  ENCINO.......................  CA
CAMINO REAL FINANCIAL INC.....  WHITTIER.....................  CA
CANYON MORTGAGE INC...........  PALM DESERT..................  CA
CAPITAL MORTGAGE COMPANY......  ADDISON......................  IL
CARRINGTON MORTGAGE SERVICES    HUNTINGTON BEACH.............  CA
 INC.
CARVER FEDERAL SAVINGS ALA....  NEW YORK.....................  NY
CAVERSHAM FINANCIAL INC.......  ATLANTA......................  GA
CENTER CITY LENDERS INC.......  ORLANDO......................  FL
CENTURY MORTGAGE AND FUNDING    LISLE........................  IL
 INC.
CHANNEL POINT CORPORATION.....  CARSON.......................  CA
CHOCTAW HOPE DEVELOPMENT CORP.  HUGO.........................  OK
CITIFINANCIAL MORTGAGE COMPANY  IRVING.......................  TX
 INC.
CITYWIDE MORTGAGE PROS........  LOCKPORT.....................  IL
CLS FINANCIAL SERVICES INC....  LYNNWOOD.....................  WA
COMMUNITY INVESTMENT CORP.....  CHICAGO......................  IL
CONNECTICUT HOUSING INV FUND    HARTFORD.....................  CT
 INC.
CONSUMER MORTGAGE GROUP INC...  CENTENNIAL...................  CO
CONTINENTAL COMMUNITY BANK AND  AURORA.......................  IL
 TRUST CO.
CONTINENTAL PACIFIC CAPITAL     TARZANA......................  CA
 AND FINANCIAL.
COPIAGUE FUNDING CORP.........  LINDENHURST..................  NY
COUNTY MORTGAGE COMPANY INC...  WEST CALDWELL................  NJ
CREATIVE MORTGAGE USA INC.....  LANSING......................  IL
CREDIT CLINIC USA INC.........  BALTIMORE....................  MD
CROSSROAD CAPITAL SERVICES INC  NEW ROCHELLE.................  NY
CSBM INC......................  PASADENA.....................  CA
CUSTOM LENDING GROUP INC......  NAPA.........................  CA
CYPRESS POINT FUNDING INC.....  WOODLAND HILLS...............  CA
DAN CAVALLO INC...............  RIVERSIDE....................  CA
DEAN ENTERPRISES INCORPORATED.  LA CANADA....................  CA
DECORUM FINANCIAL MORTGAGE      NORTH LITTLE ROCK............  AR
 CORP.
DELTA MORTGAGE CORPORATION....  FORT COLLINS.................  CO
DEVON INC.....................  LAS VEGAS....................  NV
DIAMOND MORTGAGE BROKER INC...  SANTA ANA....................  CA
DISCOVER MORTGAGE COMPANY.....  DECATUR......................  GA
E THREE R FINANCIAL             KANSAS CITY..................  MO
 CORPORATION.
EMPIRE LENDING CORPORATION....  CITY OF INDUSTRY.............  CA
ENCORE MORTGAGE SERVICE.......  VOORHEES.....................  NJ
ENTERPRISE FEDERAL SAVING BANK  LARGO........................  MD
EZ HOME FUNDING INC...........  SOUTH GATE...................  CA
FAI MORTGAGE CORP.............  FAIRFIELD....................  NJ
FAIRWAY OF AMERICA INC........  EAST LANSING.................  MI
FIDELITY FEDERAL SAVINGS BANK.  CHICAGO......................  IL
FIRST BANK OF-MISSOURI........  GLADSTONE....................  MO
FIRST CENTENNIAL NATIONWIDE     CENTENNIAL...................  CO
 MORTGAGE.
FIRST CLASS FINANCIAL LLC.....  COLORADO SPRINGS.............  CO
FIRST WESTERN FUNDING CORP....  FORT COLLINS.................  CO
FIVE STAR FINANCIAL INC.......  JOLIET.......................  IL
FN MORTGAGE CORPORATION.......  SANTA ANA....................  CA
FUNDING EXPRESS BANCORP INC...  UPLAND.......................  CA
GATEWAY RESIDENTIAL FUNDING...  CONCORD......................  CA

[[Page 46177]]

 
GEORGE WASHINGTON SAVINGS BANK  OAKLAWN......................  IL
GIBRALTER LOAN SERVICES INC...  VISTA........................  CA
GLENBY MORTGAGE BANKING LTD...  JERICHO......................  NY
GRAND MORTGAGE INC............  GAINESVILLE..................  GA
GRANITE HOME MORTGAGE           DIAMOND BAR..................  CA
 CORPORATION.
GUARANTY LOAN AND REAL ESTATE.  WEST MEMPHIS.................  AR
HANNON MORTGAGE INC...........  TUCSON.......................  AZ
HBA CAPITAL GROUP INC.........  HALLANDALE...................  FL
HOME LOAN GROUP INC...........  PLEASANTON...................  CA
HOMEBANK......................  ROCKWALL.....................  TX
HOMEBUYERS FINANCIAL SERVICES   BRENTWOOD....................  TN
 LP.
HOMESOURCE CAPITAL MORTGAGE CO  JUPITER......................  FL
 LP.
HOUSING AME MORTGAGE COMPANY..  BOCA RATON...................  FL
IMPACT LENDING INC............  NEW PORT RICHEY..............  FL
INDEPENDENT MORTGAGE CORP.....  CLERMONT.....................  FL
INTEGRITY FINANCIAL SERVICES..  OAKBROOK.....................  IL
INTEGRITY MORTGAGE CORP.......  DOWNEY.......................  CA
KEYES PENN MORTGAGE COMPANY...  LAWRENCEVILLE................  GA
KSJ ENTERPRISES...............  WASHINGTON...................  DC
L AND S FINANCIAL SERVICES LLC  WEST JORDAN..................  UT
LAKE ELMO BANK................  OAKDALE......................  MN
LEGACY LENDING INC............  STEILACOOM...................  WA
LEGACY MORTGAGE COMPANY INC...  WATERLOO.....................  IA
LEND LEASE HOUSING FINANCE      DALLAS.......................  TX
 GROUP LP.
LIBERTY MORTGAGE COMPANY......  CHICAGO......................  IL
LIGHTHOUSE MORTGAGE COMPANY     VENICE.......................  FL
 LLC.
LOAN LINES INC................  TARZANA......................  CA
LOANMAX BANCORP...............  ARTESIA......................  CA
LUU ASSOCIATES INC............  CITY OF INDUSTRY.............  CA
MAJESTY MORTGAGE CORP.........  LOS ANGELES..................  CA
MALVERN FEDERAL SAVINGS BANK..  PAOLI........................  PA
MARCO MORTGAGE INC............  OXNARD.......................  CA
MEG MORTGAGE CENTER INC.......  FORT LAUDERDALE..............  FL
MERCURY MORTGAGE CO INC.......  TULSA........................  OK
METRO ISLAND MORTGAGE INC.....  RIO PIEDRAS..................  PR
METRO MORTGAGE CORPORATION....  METAIRIE.....................  LA
METROPLEX RESIDENTIAL LENDING   PLANO........................  TX
 LP.
METWEST MORTGAGE SERVICES INC.  SPOKANE......................  WA
MFB FINANCIAL.................  MISHAWAKA....................  IN
MIDWEST MORTGAGE COMPANY......  GLENDALE HEIGHTS.............  IL
MONEY PLUS FINANCIAL INC......  RANCHO CUCAMONGA.............  CA
MONEYTREE MORTGAGE COMPANY....  AURORA.......................  IL
MORTGAGE ACCESS GROUP INCORP..  PINOLE.......................  CA
MORTGAGE AMERICA INC-NJ.......  MANALAPAN....................  NJ
MORTGAGE BANKING ASSIST INC...  BEDFORD......................  TX
MORTGAGE COMPANY MICHIGAN INC.  ROCHESTER HILLS..............  MI
MORTGAGE CREDIT SERVICES INC..  ORANGE.......................  CA
MORTGAGE FINDERS..............  DES PLAINES..................  IL
MORTGAGE MARKET INC...........  TIGARD.......................  OR
MORTGAGE SOLUTIONS INC........  MARIETTA.....................  GA
NAPOLI MTG AND INVESTMENT CORP  MIAMI........................  FL
NDNJ INC......................  RANCHO PALOS VERDES..........  CA
NEEDAMORTGAGE COM INC.........  SEATTLE......................  WA
NEIGHBORHOOD MORTGAGE INC.....  PHOENIX......................  AZ
NEW FINANCE INC...............  MIAMI........................  FL
PACIFIC COAST MORTGAGE INC....  CHINO........................  CA
PACIFIC LIFE INSURANCE COMPANY  NEWPORT BEACH................  CA
PALMA CORPORATION.............  LAS VEGAS....................  NV
PARAGON MORTGAGE BANKERS CORP.  CARLE PLACE..................  NY
PELICAN FINANCIAL SERVICES INC  BATON ROUGE..................  LA
PINE VALLEY MORTGAGE            DULUTH.......................  GA
 CORPORATION.
PRIMARY MORTGAGE GROUP INC....  MISSION VIEJO................  CA
PRIME STAR MORTGAGE COMPANY     STOCKBRIDGE..................  GA
 INC.
PROFESSIONAL ADVANTAGE          BOSTON.......................  MA
 FINANCIAL GROUP.
PROFESSIONAL MORTGAGE           REGO PARK....................  NY
 SOLUTIONS.
PROFUNDING INC................  NORTH HOLLYWOOD..............  CA
PROSPERITY CAPITAL INC........  ANAHEIM......................  CA
QUALITY MORTGAGE CONSULTANTS    POLLOCK PINES................  CA
 INC.
REAL AMERICAN LENDING INC.....  WESTMINSTER..................  CA

[[Page 46178]]

 
REAL ESTATE MORTGAGE            LEMON GROVE..................  CA
 COUNSELORS.
REAL TIME FUNDING CORP........  DOWNEY.......................  CA
RESORT MORTGAGE INC...........  GULF BREEZE..................  FL
ROCKPOINTE FINANCIAL SERVICES   IRVINE.......................  CA
 GROUP INC.
ROYAL HAVEN MORTGAGE INC......  LOS ANGELES..................  CA
SAINT ANTHONY BANK FSB........  CICERO.......................  IL
SARAS INC.....................  LAGUANA HILLS................  CA
SCHWAB FINANCIAL SERVICES INC.  OREGON CITY..................  OR
SEACOAST FINANCIAL INC........  SANTA MARIA..................  CA
SECOND CITY FINANCIAL INC.....  DENVER.......................  CO
SENIOR HOMEOWNERS FINANCIAL     MONTEREY PARK................  FL
 SERVICES.
SERONELLO SUMMERS INC.........  SAN RAMON....................  CA
SIGNATURE MORTGAGE INC........  ST CHARLES...................  MO
SMP FINANCIAL CORP............  TUSTIN.......................  CA
SOUTHERN MORTGAGE INVESTMENT    MARIETTA.....................  GA
 CORP.
SOUTHLAND MORTGAGE CORP OF NC.  CHARLOTTE....................  NC
SOVEREIGN MORTGAGE LP.........  DENVER.......................  CO
ST CLOUD MORTGAGE.............  SANTA CLEMENTE...............  CA
ST FRANCIS BANK FSB...........  NEW BERLIN...................  WI
SUNSET MORTGAGE AND FUNDING     STATEN ISLAND................  NY
 CORP.
SUPERIOR FINANCING INC........  ST PAUL......................  MN
TDC MORTGAGE CORP.............  LAS VEGAS....................  NV
THRESHOLD FINANCIAL             WESTPORT.....................  CT
 CORPORATION.
TOWNE BANK....................  CINCINNATI...................  OH
TREANOR ENTERPRISES...........  DALLAS.......................  TX
TRIMARK CAPITAL INC...........  PHOENIX......................  AZ
TROY SAVINGS BANK.............  TROY.........................  NY
TURNER-YOUNG INVESTMENT CO....  FORT WORTH...................  TX
TWENTY FIRST CAPITAL FUNDING    LOS ANGELES..................  CA
 INC.
UNITED STATES NATIONAL BANK...  RED LODGE....................  MT
USA FINANCIAL SERVICES INC....  FAIRFAX......................  VA
VETERANS BENEFITS               ROXBURY......................  MA
 CLEARINGHOUSE.
W D WICKLEY INC...............  RANCHO CUCAMONGA.............  CA
WANTLAND REALTY CORPORATION...  NORTH PALM BEACH.............  FL
WAUKEGAN SAVINGS AND LOAN SB..  WAUKEGAN.....................  IL
WCFRE INC.....................  CARLSBAD.....................  CA
WESTERN UNITED LIFE ASSURANCE.  SPOKANE......................  WA
WETCO FINANCIAL INC...........  BATON ROUGE..................  LA
WORTHINGTON FINANCIAL SERVICES  LP NAPLES....................  FL
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    Dated: July 16, 2004.
Sean Cassidy,
General Deputy Assistant Secretary for Housing.
[FR Doc. 04-17515 Filed 7-30-04; 8:45 am]
BILLING CODE 4210-27-P