Real Estate Appraisal Forum logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Go Back   Appraisers Forum > Other Forums > General Real Estate and Real Estate Finance
Register Help Our Rules Calendar Archives Mark Forums Read

Closed Thread
Thread Tools
Old 05-24-2009, 04:16 PM
Michael Tipton's Avatar
Michael Tipton Michael Tipton is offline
Join Date: Sep 2005
Location: SW Florida
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 2,759
Default HUD Takes the Axe to FHA Direct Endorsements

"The US Department of Housing and Urban Development (HUD) on Thursday cut off 102 Federal Housing Administration (FHA)-approved lenders from participation in the government program, which insures lenders against default-related losses on qualifying mortgages.

The termination of these lenders’ direct endorsements came as part of HUD’s actions taken against 120 lenders for violating FHA requirements.

“At this time of uncertainty in the mortgage market, FHA needs to be especially vigilant in making sure that its approved lenders meet the highest standards of conduct,” said HUD secretary Shaun Donovan in a media report. “We expect, and more importantly American homebuyers deserve, that when they deal with an FHA-approved lender, they’re dealing with a lender they can trust.”....."
Sponsored Links

Old 05-24-2009, 04:57 PM
RSW's Avatar
RSW RSW is offline
Join Date: Feb 2002
State: Tennessee
Professional Status: Certified Residential Appraiser
Posts: 7,972

Hummm! One in Knoxville, United Capital is on the list. I'm not suprised that more are not on it.
Favorite Quote: For every action, there is an opposite and equal reaction!
Old 05-24-2009, 05:14 PM
Ken B's Avatar
Ken B Ken B is offline
Join Date: Feb 2004
State: Florida
Professional Status: Certified General Appraiser
Posts: 10,824

Looked to me like the vast majority of the lenders were dropped because they failed to file annual documents. A most likely reason is that they simply went out of business.
Those who find themselves at the top of the mountain did not fall there.
Old 05-25-2009, 07:34 PM
Restrain Restrain is offline
Join Date: Jan 2002
Location: Port Charlotte, FL
State: Florida
Professional Status: Certified General Appraiser
Posts: 10,543

120 out of how many? A drop in the bucket.
Old 05-25-2009, 08:03 PM
Tom Woolford Tom Woolford is offline
Join Date: Nov 2005
Location: Nature Coast
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 5,450

This looks like housekeeping being hailed as some kind of major regulatory / disciplinary action. No real progress here.............
Some mornings, its just not worth chewing through the restraints.
Old 05-25-2009, 11:52 PM
Riick's Avatar
Riick Riick is offline
Join Date: Aug 2007
Location: DuPont: "Better Living through Chemistry"
State: Delaware
Professional Status: Certified Residential Appraiser
Posts: 9,148

And a few big names like Wells fined under $15k.
Ohhh that stung I'm sure.
“If you would know who controls you, see who you may not criticize.” - Tacitus -Rome 96 A.D.
Sponsored Links

Closed Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Copyright © 2000-,, All Rights Reserved
     Terms of Use  Privacy Policy is proudly hosted by the folks at

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites: - National Appraiser Directory - Domain Name Registration - Deadbeat - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking - Great Cordless Phones - Android Tablet Computers

Follow          Find us on Facebook            Follow us on Twitter

All times are GMT -5. The time now is 01:10 AM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93