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.
August 14th:
Title II: MONEY TREE MORTGAGE BANKERS, MIAMI
Title II: IMPERIAL LENDERS CORPORATION, MIAMI
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