83 FR 18072 - Mortgagee Review Board: Administrative Actions

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 80 (April 25, 2018)

Page Range		18072-18075
FR Document		2018-08669
In compliance with Section 202(c)(5) of the National Housing Act, this notice advises of the cause and description of administrative actions taken by HUD's Mortgagee Review Board against HUD-approved mortgagees.
Federal Register, Volume 83 Issue 80 (Wednesday, April 25, 2018)
[Federal Register Volume 83, Number 80 (Wednesday, April 25, 2018)]
[Notices]
[Pages 18072-18075]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-08669]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6097-N-01]


Mortgagee Review Board: Administrative Actions

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, Department of Housing and Urban Development (``HUD'').

ACTION: Notice.

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SUMMARY: In compliance with Section 202(c)(5) of the National Housing 
Act, this notice advises of the cause and description of administrative 
actions taken by HUD's Mortgagee Review Board against HUD-approved 
mortgagees.

FOR FURTHER INFORMATION CONTACT: Nancy A. Murray, Secretary to the 
Mortgagee Review Board, 451 Seventh Street SW, Room B-133/3150, 
Washington, DC 20410-8000; telephone (202) 708-2224 (this is not a 
toll-free number). Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal 
Information Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: Section 202(c)(5) of the National Housing 
Act (12 U.S.C. Sec.  1708(c)(5)) requires that HUD ``publish a 
description of and the cause for administrative action against a HUD-
approved mortgagee'' by HUD's Mortgagee Review Board (``Board''). In 
compliance with the requirements of Section 202(c)(5), this notice 
advises of actions that have been taken by the Board in its meetings 
from October 1, 2016 to September 30, 2017.

I. Civil Money Penalties, Withdrawals of FHA Approval, Suspensions, 
Probations, and Reprimands

1. Alliance Financial Resources, LLC., Phoenix, AZ [Docket No. 16-1861-
MR]

    Action: On June 27, 2017, the Board voted to accept the terms of a 
settlement agreement with Alliance Financial Resources, LLC. 
(``Alliance'') that required Alliance to pay a civil money penalty in 
the amount of $13,000. The settlement did not constitute an admission 
of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Alliance (a) failed to timely 
notify HUD/FHA that Alliance entered into a Consent Order with the 
State of Oklahoma Department of Consumer Credit which required Alliance 
to pay a penalty; and (b) falsely certified on its annual certification 
that it had not been sanctioned by a state agency, notwithstanding the 
Consent Order with the Oklahoma Department of Consumer Credit.

2. Citizens Bank, N.A., Warwick, RI [Docket No. 16-1771-MR]

    Action: On December 15, 2016, the Board voted to accept the terms 
of a settlement agreement with Citizens Bank, N.A. (``Citizens'') that 
required Citizens to pay a civil money penalty in the amount of 
$25,500. The settlement did not constitute an admission of liability or 
fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Citizens (a) failed to timely 
notify HUD/FHA that Citizens entered into a Consent Order with the 
Consumer Financial Protection Bureau which required Citizens to pay a 
penalty; (b) failed to timely notify HUD/FHA that Citizens had been 
assessed a civil money penalty by the Office of the Comptroller of 
Currency; and (c) failed to notify HUD/FHA that Citizens was assessed 
another civil money penalty by the Office of the Comptroller of 
Currency.

3. CMG Mortgage, Inc., San Ramon, CA [Docket No. 16-1770-MR]

    Action: On December 15, 2016, the Board voted to accept a 
settlement agreement with CMG Mortgage, Inc. (``CMG'') that required 
CMG to pay a civil money penalty in the amount of $8,500. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: CMG failed to timely notify 
HUD/FHA that it entered into a Settlement Agreement with the State of 
New York Department of Financial Services under which it paid a fine.

4. Financial Freedom, a Division of CIT Bank N.A., Irvine, CA [Docket 
No.17-0036-FC]

    Action: On January 9, 2017, the Board voted to accept a settlement 
agreement with Financial Freedom; pursuant to the settlement agreement, 
Financial Freedom was required to pay the United States $89,274,944 
without admitting liability.
    Cause: The Board took this action because Financial Freedom 
allegedly failed to self-curtail debenture interest on mortgage 
insurance claims it had submitted to HUD relating to HECM loans.

5. Great Western Financial Services, Inc., Plano, TX [Docket No. 16-
1781-MR]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with Great Western Financial Services (``Great Western'') 
that required Great Western to pay a civil money penalty in the amount 
of $52,468. The settlement did not constitute an admission of liability 
or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Great Western (a) failed to 
timely notify HUD/FHA that it was assessed a fine by the State of 
Illinois Department of Financial and Professional Regulation Division 
of Banking; (b) failed to timely notify HUD/FHA that it was issued a 
Consent Order by the State of Oklahoma Department of Consumer Credit 
requiring Great Western to pay a civil money penalty; (c) failed to 
timely notify HUD/FHA that it was issued a Consent Order by the State 
of Connecticut Department of Banking requiring Great Western to pay a 
civil money penalty; (d) failed to timely notify HUD/FHA that it was 
issued a Consent Order by the State of Texas Department of Savings and 
Mortgage

[[Page 18073]]

Lending requiring Great Western to pay a civil money penalty; (e) 
falsely certified to HUD/FHA that it had not been sanctioned by any 
state agency in 2014; (f) falsely certified to HUD/FHA that it had not 
been sanctioned by any state agency in 2015; and (g) falsely certified 
to HUD/FHA that it had not been sanctioned by any state agency in 2016.

6. James B. Nutter and Company, Kansas City, MO [Docket No. 16-1773-MR]

    Action: On October 20, 2016, the Board voted to accept a settlement 
agreement with James B. Nutter and Company (``Nutter and Company'') 
that required Nutter and Company to pay a civil money penalty in the 
amount of $3,500. The settlement did not constitute an admission of 
liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: Nutter and Company failed to 
timely notify HUD/FHA that it had entered into a settlement agreement 
with the State of New York Department of Financial Services under which 
it paid a fine.

7. Magna Bank, Memphis, TN [Docket No. 14-1712-MR]

    Action: On December 15, 2016, the Board voted to accept a 
settlement agreement with Magna Bank that required Magna Bank (a) to 
pay a civil money penalty in the amount of $84,000; and (b) indemnify 
HUD/FHA for losses incurred in the amount of $45,499.60 on one loan. 
The settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Magna Bank (a) failed to 
provide Servicemember Civil Relief Act notices to defaulted borrowers; 
(b) failed to maintain copies of inspection reports; (c) failed to 
offer loss mitigation in accordance with HUD requirements; (d) failed 
to send loss mitigation information to the mortgagor's counsel in 
bankruptcy cases; (e) failed to perform and/or document a pre-
foreclosure management review; (f) improperly charged property 
inspection fees; (g) created a permanent loan modification with monthly 
payments that exceeded the trial modification amounts; (h) failed to 
perform property inspections after being unable to contact the 
borrower; (i) sent cover letters that did not meet HUD's requirements; 
(j) failed to provide accurate reports to HUD's Single Family Default 
Monitoring System (``SFDMS''); (k) failed to reconcile its portfolio 
with respect to SFDMS reporting; (l) failed to meet SFDMS reporting 
deadlines; and (m) failed to establish and implement a quality control 
plan with all required elements.

8. MLD Mortgage, Inc. d/b/a The Money Store, Florham Park, NJ [Docket 
No. 16-1660-MR]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with MLD Mortgage, Inc. d/b/a The Money Store (``MLD 
Mortgage''); pursuant to the settlement agreement, MLD Mortgage was 
required to (a) pay a civil money penalty in the amount of $34,968, and 
(b) refrain from making any claim for insurance benefits to HUD/FHA 
and/or indemnify HUD/FHA for HUD's losses on three loans. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: MLD Mortgage (a) failed to 
notify HUD/FHA that it entered into a consent order with the State of 
Washington Department of Financial Institutions under which it paid a 
fine; and (b) failed to properly underwrite HUD/FHA insured loans.

9. NFM, Inc., Linthicum, MD [Docket No. 16-1683-MRT]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with NFM, Inc. (``NFM''); pursuant to the settlement 
agreement, NFM paid a civil money penalty in the amount of $6,000. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: NFM failed to timely notify 
HUD/FHA that NFM entered into a settlement agreement with the State of 
New York Department of Financial Services under which it paid a fine.

10. OceanFirst Bank, Toms River, NJ [Docket No. 16-1756-MR]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with OceanFirst Bank (``OceanFirst'') that required 
OceanFirst to pay a civil money penalty in the amount of $4,500. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: OceanFirst failed to notify 
HUD/FHA that OceanFirst had merged with another entity.

11. PHH Home Loans, LLC., Mount Laurel, NJ [Docket No. 16-1865-MR]

    Action: On June 27, 2017, the Board voted to release PHH Home 
Loans, LLC. (``PHH'') from any civil money penalties or administrative 
actions as part of a settlement between PHH and the United States that 
required PHH to pay the United States $65,000,000.
    Cause: The Board took this action based on PHH's alleged failure to 
properly originate, underwrite, and conduct quality control reviews for 
HUD/FHA insured loans in violation of HUD/FHA requirements.

12. Polonia Bank, Huntingdon Valley, PA [Docket No. 16-1622-MR]

    Action: On December 15, 2016, the Board voted to accept a 
settlement agreement with Polonia Bank (``Polonia'') that required 
Polonia to (a) pay a civil money penalty in the amount of $346,000; and 
(b) indemnify HUD/FHA for HUD's losses on thirty-one loans. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Polonia (a) failed to properly 
process and document closeouts for three 203(k) mortgages; (b) failed 
to ensure that it properly calculated the maximum mortgage amount on 
one loan; (c) failed to adequately document the stability of borrowers' 
income on five loans; (d) failed to properly document compliance with 
Federal debt requirements on one loan; (e) failed to adequately verify 
or document borrowers' earnest money deposit, source of funds to close, 
or the source of funds to pay consumer debt on thirteen loans; (f) 
failed to ensure the integrity of AUS data by using a credit report 
older than 120 days; (g) failed to timely notify HUD/FHA that it 
entered into a formal written agreement with the Comptroller of 
Currency; (h) failed to properly document the source and adequacy of 
funds used for down payments and for closing costs on sixteen loans; 
(i) falsely certified to HUD/FHA that it had not been the subject of 
unresolved findings by any state agency in 2014; and (j) failed to 
timely submit acceptable audited financial statements for fiscal year 
2015.

13. Prudential Huntoon Paige Associates, LTD. Dallas, TX [Docket No. 
16-1665-MR]

    Action: On October 20, 2016, the Board voted to accept a settlement 
agreement with Prudential Huntoon Paige Associates, LLC. 
(``Prudential'') that required Prudential to make a

[[Page 18074]]

payment in the amount of $4,000,000. The settlement did not constitute 
an admission of liability or fault.
    Cause: The Board took this action based on Prudential's alleged 
failure to properly process and underwrite four multi-family HUD/FHA 
insured projects in violation of HUD/FHA requirements.

14. Reverse Mortgage Solutions, Inc., Houston, TX [Docket No. 16-1685-
MRT]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with Reverse Mortgage Solutions, Inc. (``Reverse Mortgage'') 
that required Reverse Mortgage to pay a civil money penalty in the 
amount of $4,500. The settlement did not constitute an admission of 
liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: Reverse Mortgage failed to 
timely notify HUD/FHA that Reverse Mortgage entered into a settlement 
agreement with the State of New York Department of Financial Services 
under which it paid a fine.

15. RMK Financial Corporation, Ontario, CA [Docket No. 16-1866-MR]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with RMK Financial Corporation (``RMK'') that required RMK to 
pay a civil money penalty in the amount of $26,968. The settlement did 
not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: RMK (a) failed to timely notify 
HUD/FHA that RMK was issued a consent order by the Consumer Financial 
Protection Bureau under which it paid a civil money penalty; (b) failed 
to timely notify HUD/FHA that RMK entered into settlement agreement 
with the State of Ohio Department of Commerce Division of Financial 
Institutions under which it paid a fine; (c) falsely certified that RMK 
had not been sanctioned by any federal or state agency in 2015; and (d) 
failed to timely notify HUD/FHA that RMK was issued a consent order by 
the State of Kentucky Department of Financial Institutions under which 
it paid a civil money penalty.

16. Seckel Capital, LLC., Newtown, PA [Docket No. 17-1857-MR]

    Action: On June 27, 2017, the Board voted to immediately suspend 
Seckel Capital, LLC.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: Seckel Capital, LLC submitted 
fraudulent financial statements for fiscal year 2012 through fiscal 
year 2015 and falsely certified for fiscal year 2012 through fiscal 
year 2015 that it was in compliance with HUD requirements.

17. SiWell, Inc., Lubbock, TX [Docket No. 16-1658-MR]

    Action: On June 27, 2017, the Board voted to accept a settlement 
agreement with SiWell, Inc. that required SiWell, Inc. pay a civil 
money penalty in the amount of $193,025. The settlement did not 
constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violations 
of HUD/FHA requirements alleged by HUD: SiWell, Inc. (a) failed to 
timely remit periodic Monthly Mortgage Insurance Premiums to HUD/FHA 
for 732 loans; and (b) failed to timely remit Upfront Mortgage 
Insurance Premiums on fifteen loans.

18. Stearns Lending, LLC., Santa Ana, CA [Docket No. 16-1687-MRT]

    Action: On October 20, 2016, the Board voted to accept a settlement 
agreement with Stearns Lending, LLC. (``Stearns'') that required 
Stearns pay a civil money penalty in the amount of $4,500. The 
settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: Stearns failed to timely notify 
HUD/FHA that Stearns entered into a settlement agreement with the State 
of Arizona Department of Financial Institutions under which it paid a 
civil money penalty.

19. SunTrust Mortgage, Inc., Richmond, VA [Docket No. 16-1688-MRT]

    Action: On December 15, 2016, the Board voted to accept a 
settlement agreement with SunTrust Mortgage, Inc. (``SunTrust'') that 
required SunTrust pay a civil money penalty in the amount of $8,500. 
The settlement did not constitute an admission of liability or fault.
    Cause: The Board took this action based on the following violation 
of HUD/FHA requirements alleged by HUD: SunTrust failed to timely 
notify HUD/FHA that it entered into a settlement agreement with the 
State of New York Department of Financial Services under which it paid 
a fine.

20. United Shore Financial Services, LLC., Troy, MI [Docket No. 17-
0009-FC]

    Action: On December 21, 2016, the Board voted to release United 
Shore Financial Services, LLC. (``United Shore'') from any civil money 
penalties or administrative actions as part of a settlement between 
United Shore and the United States that required United Shore to pay 
the United States $48,000,000 plus interest.
    Cause: The Board took this action based on United Shore's alleged 
failure to properly originate, underwrite, and conduct quality control 
reviews for HUD/FHA insured loans in violation of HUD/FHA requirements.

II. Lenders That Failed To Timely Meet Requirements for Annual 
Recertification of HUD/FHA Approval but Came Into Compliance

    Action: The Board entered into settlement agreements with the 
lenders listed below, which required the lender to pay a civil money 
penalty without admitting fault or liability.
    Cause: The Board took this action based upon allegations that the 
lenders listed below failed to comply with HUD's annual recertification 
requirements in a timely manner.

1. Aberdeen Federal Credit Union, Aberdeen, SD ($4,500) [Docket No. 16-
1757-MRT]
2. Academy Mortgage Corporation, Draper, UT ($3,500) [Docket No. 16-
1768-MRT]
3. All in One Mortgage Lenders, Miami, FL ($8,500) [Docket No. 16-1809-
MRT]
4. Austin Bank of Chicago dba ABC Bank, Chicago, IL ($4,500) [Docket 
No. 16-1712-MRT]
5. Bank 7, Nichols Hills, OK ($4,500) [Docket No. 16-1785-MRT]
6. Bridgewater Savings Bank, Bridgewater, MA ($4,500) [Docket No. 17-
1836-MRT]
7. Celtic Bank, Salt Lake City, UT ($4,500) [Docket No. 16-1711-MRT]
8. CFBank, Fairlawn, OH ($8,500) [Docket No. 16-1780-MRT]
9. Champion Bank, Parker, CO ($9,468) [Docket No. 17-1865-MRT]
10. City of Oakland, Oakland, CA ($8,500) [Docket No. 17-1724-MRT]
11. Clark County Credit Union, Las Vegas, NV ($4,500) [Docket No. 17-
1853-MRT]
12. CoastHills Credit Union, Lompoc, CA ($4,500) [Docket No. 16-1696-
MRT]
13. Commerce State Bank, West Bend, WI ($4,500) [Docket No. 16-1713-
MRT]
14. Cooperativa de Ahorro Y Credit de Aguas, Aguas Buenas, PR ($4,500) 
[Docket No. 16-1717-MRT]
15. Coral Mortgage Bankers Corp., Hackensack, NJ ($8,500) [Docket No. 
16-1723-MRT]
16. Craft3, Ilwaco, WA ($4,500) [Docket No. 16-1691-MRT]

[[Page 18075]]

17. Diversified Members Credit Union, Detroit, MI ($4,500) [Docket No. 
17-1895-MRT]
18. Eagle Bank and Trust Company, Hillsboro, MO ($4,500) [Docket No. 
16-1791-MRT]
19. Eagle Mortgage & Funding, Inc., Memphis, TN ($8,500) [Docket No. 
16-1790-MRT]
20. East West Bank. Pasadena, CA ($4,500) [Docket No. 16-1746-MRT]
21. Fidelity Direct Mortgage, LLC., Gaithersburg, MD ($4,500) [Docket 
No. 17-1725-MRT]
22. First National Bank of Granbury, Granbury, TX ($4,500) [Docket No. 
17-1871-MRT]
23. First National Bank of Pasco, Dade City, FL ($4,500) [Docket No. 
17-1881-MRT]
24. First State Bank, Barboursville, WV ($4,500) [Docket No.16-1833-
MRT]
25. Fulton Savings Bank, Fulton, NY ($4,500) [Docket No. 16-1735-MRT]
26. Gladewater National Bank, Gladewater, TX ($4,500) [Docket No. 16-
1789-MRT]
27. Great Western Financial Services, Plano, TX ($4,500) [Docket No.16-
1781-MRT]
28. Herring Bank, Amarillo, TX ($4,500) [Docket No 17-1876-MRT]
29. Home Bank and Trust, Wichita, KS ($4,500) [Docket No. 17-1885-MRT]
30. Hometown Bank of the Hudson Valley, Walden, NY ($4,500) [Docket No. 
78716]
31. Idaho First Bank, Boise, ID ($4,500) [Docket No. 16-1792-MRT]
32. Industrial Bank N.A., Washington, DC ($4,500) [Docket No. 16-1784-
MRT]
33. Intercap Lending Inc., Albuquerque, NM ($4,500) [Docket No. 16-
1749-MRT]
34. Ixonia Bank, Ixonia, WI ($4,500) [Docket No. 16-1806-MRT]
35. Krkabob, Inc., d/b/a Argus Lending, Pleasant Hill, CA ($4,500) 
[Docket No. 16-1728-MRT]
36. Landings Credit Union, Tempe, AZ ($4,500) [Docket No. 17-1841-MRT]
37. Mazuma Credit Union, Overland Park, KS ($4,500) [Docket No. 16-
1801-MRT]
38. New Windsor State Bank, New Windsor, MD ($4,500) [Docket No. 16-
1800-MRT]
39. One Bank and Trust, N.A., Little Rock, AR ($4,500) [Docket No. 16-
1793-MRT]
40. Premier Members Credit Union, Boulder, CO ($8,500) [Docket No. 17-
1731-MRT]
41. Prime Source Mortgage, Inc., Murrieta, CA ($4,500) [Docket No. 16-
1858-MRT]
42. Private Bank of Buckhead, Atlanta, GA ($4,500) [Docket No. 16-1740-
MRT]
43. Republic Mortgage Commercial, Salt Lake City, UT ($4,500) [Docket 
No. 16-1754-MRT]
44. Signal Financial Federal Credit Union, Kensington, MD ($4,500) 
[Docket No. 16-1748-MRT]
45. Sindeo, Inc., San Francisco, CA ($8,500) [Docket No. 16-1695-MRT]
46. SN Servicing Corporation, Baton Rouge, LA ($4,500) [Docket No. 16-
1803-MRT]
47. Somerville National Bank, Somerville, OH ($4,500) [Docket No. 16-
1776-MRT]
48. TRM, LLC., San Juan, PR ($8,500) [Docket No. 16-1743-MRT]
49. U.S. Bank Trust National Association, New York, NY ($4,500) [Docket 
No. 16-1761-MRT]
50. United Heritage Credit Union, Austin, TX ($4,500) [Docket No. 16-
1725-MRT]
51. Wendover Financial Service Corporation, Greensboro, NC ($8,500) 
[Docket No. 16-1731-MRT]
52. Wolverine Bank, FSB, Midland, MI ($4,500) [Docket No. 16-1752-MRT]

III. Lenders That Failed To Meet Requirements for Annual 
Recertification of HUD/FHA Approval

Action: The Board voted to withdraw the FHA approval of each of the 
lenders listed below for a period of one (1) year.
Cause: The Board took this action based upon allegations that the 
lenders listed below were not in compliance with HUD's annual 
recertification requirements.

1. AAA Concordia Mortgage Corp., San Juan, PR [Docket No.18-1839-MRT]
2. Banco Popular North America, New York, NY [Docket No. 18-1840-MRT]
3. Bristol County Savings Bank, Taunton, MA [Docket No. 16-1874-MRT]
4. Canon National Bank of Canon City, Canon City, CO [Docket No. 18-
1841-MRT]
5. Citywide Bank, Denver, CO [Docket No. 16-1741-MRT]
6. Community 1st Federal Credit Union, Miles City, MT [Docket No. 16-
1760-MRT]
7. Cooperativa De Ahorro Y Credito Hermanos, Hato Rey, PR [Docket No. 
17-1722-MRT]
8. Covenant Bank, Clarksdale, MS [Docket No. 16-1797-MRT]
9. Eastland Financial Corp, Irvine, CA [Docket No. 18-1842-MRT]
10. Ecom Mortgage Inc., Covina, CA [Docket No. 18-1843-MRT]
11. First Community Bank, Austin, TX [Docket No. 18-1844-MRT]
12. First National Bank, Massillon, OH [Docket No. 18-1845-MRT]
13. Hendricks County Bank and Trust Company, Brownsburg, IN [Docket No. 
16-1715-MRT]
14. Kentucky Federal Savings & Loan Association, Covington, KY [Docket 
No. 16-1707-MRT]
15. Michigan Community Credit Union, Jackson, MI [Docket No. 18-1846-
MRT]
16. Municipal Housing Authority, Yonkers, NY [Docket No. 17-1732-MRT]
17. Oak Mortgage Group Inc., Dallas, TX [Docket No. 18-1847-MRT]
18. Oneida Savings Bank, Oneida, NY [Docket No. 16-1804-MRT]
19. Proficio Mortgage Ventures, LLC., Henderson, NV [Docket No. 16-
1794-MRT]
20. Royal Bank of Missouri, St. Louis, MO [Docket No.18-1805-MRT]
21. Southeast Funding Alliance, Orlando, FL [Docket No. 15-1934-MRT]
22. Vanguard Funding, LLC., Garden City, NY [Docket No. 18-1848-MRT]
23. Vision Bank, N.A., Ada, OK [Docket No. 16-1750-MRT]

    Dated: April 10, 2018.
Dana T. Wade,
General Deputy Assistant Secretary for Housing/FHA Commissioner, 
Chairman, Mortgagee Review Board.
[FR Doc. 2018-08669 Filed 4-24-18; 8:45 am]
 BILLING CODE 4210-67-P
18072 Federal Register / Vol. 83, No. 80 / Wednesday, April 25, 2018 / Notices

B. Solicitation of Public Comment SUPPLEMENTARY INFORMATION: Section 3. CMG Mortgage, Inc., San Ramon, CA
This notice is soliciting comments 202(c)(5) of the National Housing Act [Docket No. 16–1770–MR]
from members of the public and affected (12 U.S.C. § 1708(c)(5)) requires that Action: On December 15, 2016, the
parties concerning the collection of HUD ‘‘publish a description of and the Board voted to accept a settlement
information described in Section A on cause for administrative action against a agreement with CMG Mortgage, Inc.
the following: HUD-approved mortgagee’’ by HUD’s (‘‘CMG’’) that required CMG to pay a
(1) Whether the proposed collection Mortgagee Review Board (‘‘Board’’). In civil money penalty in the amount of
of information is necessary for the compliance with the requirements of $8,500. The settlement did not
proper performance of the functions of Section 202(c)(5), this notice advises of constitute an admission of liability or
the agency, including whether the actions that have been taken by the fault.
information will have practical utility; Board in its meetings from October 1, Cause: The Board took this action
(2) The accuracy of the agency’s 2016 to September 30, 2017. based on the following violation of
estimate of the burden of the proposed I. Civil Money Penalties, Withdrawals HUD/FHA requirements alleged by
collection of information; of FHA Approval, Suspensions, HUD: CMG failed to timely notify HUD/
(3) Ways to enhance the quality, Probations, and Reprimands FHA that it entered into a Settlement
utility, and clarity of the information to Agreement with the State of New York
be collected; and 1. Alliance Financial Resources, LLC., Department of Financial Services under
(4) Ways to minimize the burden of Phoenix, AZ [Docket No. 16–1861–MR] which it paid a fine.
the collection of information on those
who are to respond; including through Action: On June 27, 2017, the Board 4. Financial Freedom, a Division of CIT
the use of appropriate automated voted to accept the terms of a settlement Bank N.A., Irvine, CA [Docket No.17–
collection techniques or other forms of agreement with Alliance Financial 0036–FC]
information technology, e.g., permitting Resources, LLC. (‘‘Alliance’’) that
required Alliance to pay a civil money Action: On January 9, 2017, the Board
electronic submission of responses. voted to accept a settlement agreement
HUD encourages interested parties to penalty in the amount of $13,000. The
settlement did not constitute an with Financial Freedom; pursuant to the
submit comment in response to these settlement agreement, Financial
questions. admission of liability or fault.
Freedom was required to pay the United
Authority: Section 3507 of the Paperwork Cause: The Board took this action States $89,274,944 without admitting
Reduction Act of 1995, 44 U.S.C. Chapter 35. based on the following violations of liability.
HUD/FHA requirements alleged by Cause: The Board took this action
Dated: April 18, 2018.
HUD: Alliance (a) failed to timely notify because Financial Freedom allegedly
Anna P. Guido,
HUD/FHA that Alliance entered into a failed to self-curtail debenture interest
Department Reports Management Officer, Consent Order with the State of
Office of the Chief Information Officer. on mortgage insurance claims it had
Oklahoma Department of Consumer submitted to HUD relating to HECM
[FR Doc. 2018–08579 Filed 4–24–18; 8:45 am]
Credit which required Alliance to pay a loans.
BILLING CODE 4210–67–P penalty; and (b) falsely certified on its
annual certification that it had not been 5. Great Western Financial Services,
sanctioned by a state agency, Inc., Plano, TX [Docket No. 16–1781–
DEPARTMENT OF HOUSING AND MR]
notwithstanding the Consent Order with
URBAN DEVELOPMENT
the Oklahoma Department of Consumer Action: On June 27, 2017, the Board
[Docket No. FR–6097–N–01] Credit. voted to accept a settlement agreement
Mortgagee Review Board: 2. Citizens Bank, N.A., Warwick, RI with Great Western Financial Services
Administrative Actions [Docket No. 16–1771–MR] (‘‘Great Western’’) that required Great
Western to pay a civil money penalty in
AGENCY: Office of the Assistant Action: On December 15, 2016, the the amount of $52,468. The settlement
Secretary for Housing—Federal Housing Board voted to accept the terms of a did not constitute an admission of
Commissioner, Department of Housing settlement agreement with Citizens liability or fault.
and Urban Development (‘‘HUD’’). Bank, N.A. (‘‘Citizens’’) that required Cause: The Board took this action
ACTION: Notice. Citizens to pay a civil money penalty in based on the following violations of
the amount of $25,500. The settlement HUD/FHA requirements alleged by
SUMMARY: In compliance with Section did not constitute an admission of HUD: Great Western (a) failed to timely
202(c)(5) of the National Housing Act, liability or fault. notify HUD/FHA that it was assessed a
this notice advises of the cause and Cause: The Board took this action fine by the State of Illinois Department
description of administrative actions based on the following violations of of Financial and Professional Regulation
taken by HUD’s Mortgagee Review HUD/FHA requirements alleged by Division of Banking; (b) failed to timely
Board against HUD-approved HUD: Citizens (a) failed to timely notify notify HUD/FHA that it was issued a
mortgagees. HUD/FHA that Citizens entered into a Consent Order by the State of Oklahoma
FOR FURTHER INFORMATION CONTACT: Consent Order with the Consumer Department of Consumer Credit
Nancy A. Murray, Secretary to the Financial Protection Bureau which requiring Great Western to pay a civil
Mortgagee Review Board, 451 Seventh required Citizens to pay a penalty; (b) money penalty; (c) failed to timely
Street SW, Room B–133/3150, failed to timely notify HUD/FHA that notify HUD/FHA that it was issued a
sradovich on DSK3GMQ082PROD with NOTICES

Washington, DC 20410–8000; telephone Citizens had been assessed a civil Consent Order by the State of
(202) 708–2224 (this is not a toll-free money penalty by the Office of the Connecticut Department of Banking
number). Persons with hearing or Comptroller of Currency; and (c) failed requiring Great Western to pay a civil
speech impairments may access this to notify HUD/FHA that Citizens was money penalty; (d) failed to timely
number through TTY by calling the toll- assessed another civil money penalty by notify HUD/FHA that it was issued a
free Federal Information Service at (800) the Office of the Comptroller of Consent Order by the State of Texas
877–8339. Currency. Department of Savings and Mortgage

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18074 Federal Register / Vol. 83, No. 80 / Wednesday, April 25, 2018 / Notices

payment in the amount of $4,000,000. HUD: Seckel Capital, LLC submitted Financial Services, LLC. (‘‘United
The settlement did not constitute an fraudulent financial statements for fiscal Shore’’) from any civil money penalties
admission of liability or fault. year 2012 through fiscal year 2015 and or administrative actions as part of a
Cause: The Board took this action falsely certified for fiscal year 2012 settlement between United Shore and
based on Prudential’s alleged failure to through fiscal year 2015 that it was in the United States that required United
properly process and underwrite four compliance with HUD requirements. Shore to pay the United States
multi-family HUD/FHA insured projects $48,000,000 plus interest.
in violation of HUD/FHA requirements. 17. SiWell, Inc., Lubbock, TX [Docket Cause: The Board took this action
No. 16–1658–MR] based on United Shore’s alleged failure
14. Reverse Mortgage Solutions, Inc., Action: On June 27, 2017, the Board to properly originate, underwrite, and
Houston, TX [Docket No. 16–1685–MRT] voted to accept a settlement agreement conduct quality control reviews for
Action: On June 27, 2017, the Board with SiWell, Inc. that required SiWell, HUD/FHA insured loans in violation of
voted to accept a settlement agreement Inc. pay a civil money penalty in the HUD/FHA requirements.
with Reverse Mortgage Solutions, Inc. amount of $193,025. The settlement did II. Lenders That Failed To Timely Meet
(‘‘Reverse Mortgage’’) that required not constitute an admission of liability Requirements for Annual
Reverse Mortgage to pay a civil money or fault. Recertification of HUD/FHA Approval
penalty in the amount of $4,500. The Cause: The Board took this action
but Came Into Compliance
settlement did not constitute an based on the following violations of
admission of liability or fault. HUD/FHA requirements alleged by Action: The Board entered into
Cause: The Board took this action HUD: SiWell, Inc. (a) failed to timely settlement agreements with the lenders
based on the following violation of remit periodic Monthly Mortgage listed below, which required the lender
HUD/FHA requirements alleged by Insurance Premiums to HUD/FHA for to pay a civil money penalty without
HUD: Reverse Mortgage failed to timely 732 loans; and (b) failed to timely remit admitting fault or liability.
notify HUD/FHA that Reverse Mortgage Upfront Mortgage Insurance Premiums Cause: The Board took this action
entered into a settlement agreement on fifteen loans. based upon allegations that the lenders
with the State of New York Department listed below failed to comply with
of Financial Services under which it 18. Stearns Lending, LLC., Santa Ana, HUD’s annual recertification
paid a fine. CA [Docket No. 16–1687–MRT] requirements in a timely manner.
Action: On October 20, 2016, the 1. Aberdeen Federal Credit Union,
15. RMK Financial Corporation, Board voted to accept a settlement Aberdeen, SD ($4,500) [Docket No.
Ontario, CA [Docket No. 16–1866–MR] agreement with Stearns Lending, LLC. 16–1757–MRT]
Action: On June 27, 2017, the Board (‘‘Stearns’’) that required Stearns pay a 2. Academy Mortgage Corporation,
voted to accept a settlement agreement civil money penalty in the amount of Draper, UT ($3,500) [Docket No. 16–
with RMK Financial Corporation $4,500. The settlement did not 1768–MRT]
(‘‘RMK’’) that required RMK to pay a constitute an admission of liability or 3. All in One Mortgage Lenders, Miami,
civil money penalty in the amount of fault. FL ($8,500) [Docket No. 16–1809–
$26,968. The settlement did not Cause: The Board took this action MRT]
constitute an admission of liability or based on the following violation of 4. Austin Bank of Chicago dba ABC
fault. HUD/FHA requirements alleged by Bank, Chicago, IL ($4,500) [Docket
Cause: The Board took this action HUD: Stearns failed to timely notify No. 16–1712–MRT]
based on the following violations of HUD/FHA that Stearns entered into a 5. Bank 7, Nichols Hills, OK ($4,500)
HUD/FHA requirements alleged by settlement agreement with the State of [Docket No. 16–1785–MRT]
HUD: RMK (a) failed to timely notify 6. Bridgewater Savings Bank,
Arizona Department of Financial
HUD/FHA that RMK was issued a Bridgewater, MA ($4,500) [Docket
Institutions under which it paid a civil
consent order by the Consumer No. 17–1836–MRT]
money penalty. 7. Celtic Bank, Salt Lake City, UT
Financial Protection Bureau under
19. SunTrust Mortgage, Inc., Richmond, ($4,500) [Docket No. 16–1711–MRT]
which it paid a civil money penalty; (b) 8. CFBank, Fairlawn, OH ($8,500)
failed to timely notify HUD/FHA that VA [Docket No. 16–1688–MRT]
[Docket No. 16–1780–MRT]
RMK entered into settlement agreement Action: On December 15, 2016, the 9. Champion Bank, Parker, CO ($9,468)
with the State of Ohio Department of Board voted to accept a settlement [Docket No. 17–1865–MRT]
Commerce Division of Financial agreement with SunTrust Mortgage, Inc. 10. City of Oakland, Oakland, CA
Institutions under which it paid a fine; (‘‘SunTrust’’) that required SunTrust ($8,500) [Docket No. 17–1724–MRT]
(c) falsely certified that RMK had not pay a civil money penalty in the amount 11. Clark County Credit Union, Las
been sanctioned by any federal or state of $8,500. The settlement did not Vegas, NV ($4,500) [Docket No. 17–
agency in 2015; and (d) failed to timely constitute an admission of liability or 1853–MRT]
notify HUD/FHA that RMK was issued fault. 12. CoastHills Credit Union, Lompoc,
a consent order by the State of Kentucky Cause: The Board took this action CA ($4,500) [Docket No. 16–1696–
Department of Financial Institutions based on the following violation of MRT]
under which it paid a civil money HUD/FHA requirements alleged by 13. Commerce State Bank, West Bend,
penalty. HUD: SunTrust failed to timely notify WI ($4,500) [Docket No. 16–1713–
HUD/FHA that it entered into a MRT]
16. Seckel Capital, LLC., Newtown, PA
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settlement agreement with the State of 14. Cooperativa de Ahorro Y Credit de
[Docket No. 17–1857–MR] New York Department of Financial Aguas, Aguas Buenas, PR ($4,500)
Action: On June 27, 2017, the Board Services under which it paid a fine. [Docket No. 16–1717–MRT]
voted to immediately suspend Seckel 15. Coral Mortgage Bankers Corp.,
Capital, LLC. 20. United Shore Financial Services, Hackensack, NJ ($8,500) [Docket
Cause: The Board took this action LLC., Troy, MI [Docket No. 17–0009–FC] No. 16–1723–MRT]
based on the following violations of Action: On December 21, 2016, the 16. Craft3, Ilwaco, WA ($4,500) [Docket
HUD/FHA requirements alleged by Board voted to release United Shore No. 16–1691–MRT]

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Federal Register / Vol. 83, No. 80 / Wednesday, April 25, 2018 / Notices 18075

17. Diversified Members Credit Union, 43. Republic Mortgage Commercial, Salt 13. Hendricks County Bank and Trust
Detroit, MI ($4,500) [Docket No. 17– Lake City, UT ($4,500) [Docket No. Company, Brownsburg, IN [Docket
1895–MRT] 16–1754–MRT] No. 16–1715–MRT]
18. Eagle Bank and Trust Company, 44. Signal Financial Federal Credit 14. Kentucky Federal Savings & Loan
Hillsboro, MO ($4,500) [Docket No. Union, Kensington, MD ($4,500) Association, Covington, KY [Docket
16–1791–MRT] [Docket No. 16–1748–MRT] No. 16–1707–MRT]
19. Eagle Mortgage & Funding, Inc., 45. Sindeo, Inc., San Francisco, CA 15. Michigan Community Credit Union,
Memphis, TN ($8,500) [Docket No. ($8,500) [Docket No. 16–1695–MRT] Jackson, MI [Docket No. 18–1846–
16–1790–MRT] 46. SN Servicing Corporation, Baton MRT]
20. East West Bank. Pasadena, CA Rouge, LA ($4,500) [Docket No. 16– 16. Municipal Housing Authority,
($4,500) [Docket No. 16–1746–MRT] 1803–MRT] Yonkers, NY [Docket No. 17–1732–
21. Fidelity Direct Mortgage, LLC., 47. Somerville National Bank, MRT]
Gaithersburg, MD ($4,500) [Docket Somerville, OH ($4,500) [Docket 17. Oak Mortgage Group Inc., Dallas, TX
No. 17–1725–MRT] No. 16–1776–MRT] [Docket No. 18–1847–MRT]
22. First National Bank of Granbury, 48. TRM, LLC., San Juan, PR ($8,500) 18. Oneida Savings Bank, Oneida, NY
Granbury, TX ($4,500) [Docket No. [Docket No. 16–1743–MRT] [Docket No. 16–1804–MRT]
17–1871–MRT] 49. U.S. Bank Trust National 19. Proficio Mortgage Ventures, LLC.,
23. First National Bank of Pasco, Dade Association, New York, NY ($4,500) Henderson, NV [Docket No. 16–
City, FL ($4,500) [Docket No. 17– [Docket No. 16–1761–MRT] 1794–MRT]
1881–MRT] 50. United Heritage Credit Union, 20. Royal Bank of Missouri, St. Louis,
24. First State Bank, Barboursville, WV Austin, TX ($4,500) [Docket No. 16– MO [Docket No.18–1805–MRT]
($4,500) [Docket No.16–1833–MRT] 1725–MRT] 21. Southeast Funding Alliance,
25. Fulton Savings Bank, Fulton, NY 51. Wendover Financial Service Orlando, FL [Docket No. 15–1934–
($4,500) [Docket No. 16–1735–MRT] Corporation, Greensboro, NC MRT]
26. Gladewater National Bank, ($8,500) [Docket No. 16–1731–MRT] 22. Vanguard Funding, LLC., Garden
Gladewater, TX ($4,500) [Docket 52. Wolverine Bank, FSB, Midland, MI City, NY [Docket No. 18–1848–
No. 16–1789–MRT] ($4,500) [Docket No. 16–1752–MRT] MRT]
27. Great Western Financial Services, 23. Vision Bank, N.A., Ada, OK [Docket
Plano, TX ($4,500) [Docket No.16– III. Lenders That Failed To Meet No. 16–1750–MRT]
1781–MRT] Requirements for Annual Dated: April 10, 2018.
28. Herring Bank, Amarillo, TX ($4,500) Recertification of HUD/FHA Approval
Dana T. Wade,
[Docket No 17–1876–MRT] Action: The Board voted to withdraw
29. Home Bank and Trust, Wichita, KS General Deputy Assistant Secretary for
the FHA approval of each of the Housing/FHA Commissioner, Chairman,
($4,500) [Docket No. 17–1885–MRT] lenders listed below for a period of Mortgagee Review Board.
30. Hometown Bank of the Hudson
one (1) year. [FR Doc. 2018–08669 Filed 4–24–18; 8:45 am]
Valley, Walden, NY ($4,500) Cause: The Board took this action based BILLING CODE 4210–67–P
[Docket No. 78716] upon allegations that the lenders
31. Idaho First Bank, Boise, ID ($4,500)
listed below were not in
[Docket No. 16–1792–MRT]
32. Industrial Bank N.A., Washington, compliance with HUD’s annual DEPARTMENT OF THE INTERIOR
DC ($4,500) [Docket No. 16–1784– recertification requirements.
MRT] 1. AAA Concordia Mortgage Corp., San Fish and Wildlife Service
33. Intercap Lending Inc., Albuquerque, Juan, PR [Docket No.18–1839–MRT] [FWS–R3–ES–2018–N003;
NM ($4,500) [Docket No. 16–1749– 2. Banco Popular North America, New FXES11130300000–189–FF03E00000]
MRT] York, NY [Docket No. 18–1840–
34. Ixonia Bank, Ixonia, WI ($4,500) MRT] Endangered and Threatened Wildlife
[Docket No. 16–1806–MRT] 3. Bristol County Savings Bank, and Plants; Initiation of 5-Year Status
35. Krkabob, Inc., d/b/a Argus Lending, Taunton, MA [Docket No. 16–1874– Reviews of Five Listed Animal Species
Pleasant Hill, CA ($4,500) [Docket MRT]
No. 16–1728–MRT] 4. Canon National Bank of Canon City, AGENCY: Fish and Wildlife Service,
36. Landings Credit Union, Tempe, AZ Canon City, CO [Docket No. 18– Interior.
($4,500) [Docket No. 17–1841–MRT] 1841–MRT] ACTION: Notice of initiation of reviews;
37. Mazuma Credit Union, Overland 5. Citywide Bank, Denver, CO [Docket request for information.
Park, KS ($4,500) [Docket No. 16– No. 16–1741–MRT]
6. Community 1st Federal Credit Union, SUMMARY: We, the U.S. Fish and
1801–MRT]
38. New Windsor State Bank, New Miles City, MT [Docket No. 16– Wildlife Service, are initiating 5-year
Windsor, MD ($4,500) [Docket No. 1760–MRT] status reviews under the Endangered
16–1800–MRT] 7. Cooperativa De Ahorro Y Credito Species Act of 1973, as amended, for
39. One Bank and Trust, N.A., Little Hermanos, Hato Rey, PR [Docket five animal species. A 5-year status
Rock, AR ($4,500) [Docket No. 16– No. 17–1722–MRT] review is based on the best scientific
1793–MRT] 8. Covenant Bank, Clarksdale, MS and commercial data available at the
40. Premier Members Credit Union, [Docket No. 16–1797–MRT] time of the review; therefore, we are
requesting submission of any such
sradovich on DSK3GMQ082PROD with NOTICES

Boulder, CO ($8,500) [Docket No. 9. Eastland Financial Corp, Irvine, CA
17–1731–MRT] [Docket No. 18–1842–MRT] information that has become available
41. Prime Source Mortgage, Inc., 10. Ecom Mortgage Inc., Covina, CA since the last review for the species.
Murrieta, CA ($4,500) [Docket No. [Docket No. 18–1843–MRT] DATES: To ensure consideration, please
16–1858–MRT] 11. First Community Bank, Austin, TX send your written information by June
42. Private Bank of Buckhead, Atlanta, [Docket No. 18–1844–MRT] 25, 2018. However, we will continue to
GA ($4,500) [Docket No. 16–1740– 12. First National Bank, Massillon, OH accept new information about any listed
MRT] [Docket No. 18–1845–MRT] species at any time.

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Document Created: 2018-11-02 08:16:51
Document Modified: 2018-11-02 08:16:51
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Contact		Nancy A. Murray, Secretary to the Mortgagee Review Board, 451 Seventh Street SW, Room B-133/3150, Washington, DC 20410-8000; telephone (202) 708-2224 (this is not a toll-free number). Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Information Service at (800) 877-8339.
FR Citation		83 FR 18072