Approval status for lenders and mortgagees
| Currency | Current through May 31, 2023 |
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4 cases
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Capitol Mortg. Bankers, Inc. v. Cuomo, MJG-99-2907.
...Id. Accordingly, on September 15, 1999, HUD terminated Capitol's loan-origination approval authority for Capitol offices4 pursuant to 24 C.F.R. § 202.3 (the "Termination Regulation").5 Id. at Capitol brought the instant lawsuit on September 24, 1999 to seek relief under the APA. On October ......
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United States v. Luce, 11 C 05158
...meet the responsibilities of the lender or mortgagee to participate in the Title I or Title II programs." USSOF ¶ 34. To comply with 24 C.F.R. §§ 202.3(b) and 202.5(m), HUD requires mortgagees to provide a Yearly Verification Report, the V-form, as part of the lender's annual recertificatio......
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United States v. Luce, 11 C 5158
...and per the complaint did provide, an annual certification to HUD on a Title II Yearly Verification Report ("V-form") pursuant to 24 C.F.R. §§ 202.3(b) and 202.5(m). Cmplt. ¶ 20. The V-form stated, in pertinent part:I certify that none of the principals, owners, officers, directors and/or e......
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Capitol Mortgage Bankers Inc. v. Cuomo, PLAINTIFF-APPELLEE
...FHA-insured mortgages because of an unacceptably high default and claim rate, pursuant to the agency's termination regulation, 24 C.F.R. § 202.3(c)(2). We must decide whether HUD exceeded its statutory authority by enacting the termination regulation, and whether HUD denied Capitol due proc......