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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD/GNMA Pull Approval of Premium Capital Funding, LLC dba TopDot Mortgage

By Implode-Explode Heavy Industries

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"The Federal Housing Administration's Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage. Today's action prevents TopDot from participating in FHA programs and seeks a monetary penalty of $674,000.

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

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