HUD Publishes Mortgagee Review Board Actions

HUD

Recently, HUD published a notice of administrative actions taken by the Mortgagee Review Board for the period of February 14, 2011 through July 20, 2011. The notice provides the cause and description of settlement agreements, civil money penalties, withdrawals of FHA approval, suspensions, probations, reprimands, and administrative payments imposed on fifteen mortgagees. The notice also lists six mortgagees that entered into settlement agreements that required each to pay $3,500 in civil money penalties, without admitting fault or liability, for failing to timely comply with HUD's annual recertification requirements.