HUD: Administrative Actions-Avoiding the Mortgagee Review Board

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50 Causes of HUD Administrative Actions: A Very Partial List

Or Some Ways to Avoid the Mortgagee Review Board!

The MRB has the authority to issue Settlement Agreements, Civil Money Penalties, Withdrawals of Federal Housing Administration (FHA) Approval, Suspensions, Probations, Reprimands, and Administrative Payments.

Or to put this in more modern parlance, the MRB is empowered to enforce administrative sanctions, including reprimand, probation, suspension or withdrawal of approval, cease-and-desist orders, and civil money penalties

Trust me - you don't want to go there!

Article contains resources and partial list of causes for HUD Administrative Actions taken by the Mortgagee Review Board against FHA Mortgagees.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jonathan Foxx, Lenders Compliance Group | Attorney Advertising

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