← All regulatory updates

HUD MRB

12-M-012-MR-2 — Freyre Mortgage Corp. (Dismissal)

February 6, 2012 · Effective February 6, 2012

Summary

The HUD Mortgagee Review Board dismissed a disciplinary action against Freyre Mortgage Corp. following a private settlement agreement. The dismissal resolves issues stemming from a prior one-year withdrawal of the lender's FHA approval.

UNITED STATES OF AMERICA DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF ADMINISTRATIVE LAW JUDGES

In the Matter of:

FREYRE MORTGAGE CORP.,

Respondent.

HUDALJ-M-012-MR-2

February 6, 2012

ORDER GRANTING MOTION FOR DISMISSAL

On February 3, 2012, counsel for HUD notified the Court by NOTICE OF SETTLEMENT WITH RESPONDENT AND REQUEST FOR DISMISSAL that the parties had reached a settlement fully resolving the issues in the above-captioned case arising from the withdrawal of the Respondent’s HUD/FHA approval for one year by action of the Mortgagee Review Board, dated December 6, 2011. The Government moves to dismiss the matter. The Court has been provided a copy of the agreement, which will be retained in the file, but the Court has not been requested to review the agreement or approve it.

Accordingly, it is ORDERED that the above-captioned matter is hereby DISMISSED.

Source: https://www.hud.gov/sites/dfiles/HA/documents/12-M-012-MR-2-Order-Granting-Dismissal-2-6-12.pdf

Common questions

What does "12-M-012-MR-2 — Freyre Mortgage Corp. (Dismissal)" cover?
The HUD Mortgagee Review Board dismissed a disciplinary action against Freyre Mortgage Corp. following a private settlement agreement. The dismissal…
Which agency issued this update?
This update was issued by HUD MRB.
When does it take effect?
It takes effect on February 6, 2012.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates