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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA disbars 4 mortgage lenders from program

By Implode-Explode Heavy Industries

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"The FHA's Mortgagee Review Board said it was "withdrawing" Strategic Mortgage Corporation, ProMortgage Inc, Americare Investment Group Inc, and Premium Capital Funding, LLC, from its list of qualified lenders.

FHA Commissioner David Stevens said the withdrawals amount to permanent disbarment from the program.

The government also suspended Home Mortgage, Inc from the program. Stevens said HMI would be suspended for a minimum of six months."

Full post as published by Mortgage Lender Implode-o-Meter on January 25, 2010 (boomark / email).

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