Document headings vary by document type but may contain
                    the following: the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
                      the document amends, proposes to amend, or is directly
                      related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
                      the Unified Agenda of Federal Regulatory and Deregulatory
                      Actions See the
                    Document Drafting Handbook
                    for more details.
 Department of Housing and Urban Development [Docket No. FR-4558-N-02]
 AGENCY: Office of the Assistant Secretary for Housing-Federal Housing Commissioner, HUD.
 ACTION: Notice.
 SUMMARY: In compliance with Section 202(c) of the National Housing Act, notice is hereby given of the cause and description of administrative actions taken by HUD's Mortgagee Review Board against HUD-approved mortgagees.
 FOR FURTHER INFORMATION CONTACT: Phillip A. Murray, Director, Office of Lender Activities and Program Compliance, Room B-133-3214 Plaza, 451 7th Street, SW, Washington, DC 20410, telephone: (202)708-1515. (This is not a toll-free number.) A Telecommunications Device for Hearing and Speech-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), notice is hereby given of administrative actions that have been taken by the Mortgagee Review Board from October 1, 1999 through March 31, 2000. 1. Title I Lenders and Title II Mortgagees that failed to comply with HUD/FHA requirements for the submission of an audited annual 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. **Title I_Lenders Withdrawn Between October 1, 1999 and March 31, 2000**
Lender name
City
StateAbundant Financial Inc
Inglewood
CAAmerican Financial Resources Inc
Phoenix
AZ( print page 39172)Ameritex Residential Mtg Inc
Hurst
TXFirst Federal Bancorp
Pomona
CAGibraltar Financial Corp
Santa Ana
CAMichigan Mortgage Lenders Corp.
Bloomfield Hills
MIMid-America Loan—Mtg Co Inc
Hot Springs
AROne Stop Loan Shop Inc
Studio City
CARC Mortgage Inc
Rancho Cucamonga
CARockwell Equities Inc
Old Brookville
NYShamrock Corp dba AMS America's Mtg Serv
Carlsbad
CATotal Financial Services Inc
Palm Desert
CAUnited Mortgagee Inc
Virginia Beach
VA
 **Title II_Mortgagees Withdrawn Between October 1, 1999 and March 31, 2000**
Mortgagee name
City
StateAffordable Home Mortgage Loans Inv Inc
Port Charlotte
FLAmeritex Residential Mtgs Inc
Hurst
TXCasa Financial DE America
Modesto
CACommunity Home Mortgage Inc
Macon
MOFirst Federal Bancorp dba American Mtg
Pomona
CAGibraltar Financial Corp
Santa Ana
CAHome Financial Services Inc
Berwyn
ILHome Lending LC
Landover
MDHyde Park Cooperative Bank
Hyde Park
MAJohn Dennis Inc
Ventura
CAM Capital Corp
Orange
CAMortgage Place
Oklahoma City
OKOne Stop Loan Shop Inc
Encino
CARC Mortgage Inc
Rancho Cucamonga
CARockwell Equities Inc
Jericho
NYSovereign Mortgage Group Inc
Atlanta
GASun America Mortgage Corp
Covina
CAWSB Mortgage Co of NJ Inc
West Milford
NJ
 William C. Apgar, Assistant Secretary for Housing-Federal Housing Commissioner, Chairman Mortgagee Review Board.


[FR Doc. 00-15859 Filed 6-22-00; 8:45 am] BILLING CODE 4210-27-P