HUD MRB
12-M-044-MR-7 — Cayman Suisse Capital, Inc. (Dismissal)
September 14, 2012 · Effective September 14, 2012
Summary
Cayman Suisse Capital, Inc., an FHA-approved mortgagee, withdrew its appeal of the Mortgagee Review Board's decision to withdraw its FHA approval for one year. The Office of Hearings and Appeals granted the dismissal with prejudice, making the withdrawal effective immediately. The action likely stemmed from alleged FHA program violations.
UNITED STATES OF AMERICA DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF HEARINGS AND APPEALS
In the Matter of:
CAYMAN SUISSE CAPITAL, INC.,
Respondent.
HUDALJ 12-M-044-MR-7
September 14, 2012
ORDER GRANTING DISMISSAL
By Joint Motion to Dismiss received September 10, 2012, the Respondent, through management, withdrew its request for a hearing on the record to appeal the April 16, 2012, administrative action of the Mortgagee Review Board, which gave notice of its intent to withdraw the Respondent’s FHA approval for a period of one year, effective in 30 days. The respondent's request to withdraw its appeal and request for a hearing is approved.
Accordingly, it is ORDERED that the scheduled hearing in this case is cancelled, and the Mortgagee Review Board’s action withdrawing the Respondent’s FHA approval for a period of one year shall become effective on the date of this Order. The captioned matter, as pending before this Court in the Office of Hearings and Appeals, is hereby DISMISSED, with prejudice.
Source: https://www.hud.gov/sites/dfiles/HA/documents/12-M-044-MR-7-Order-Granting-Dismissal-09142012.pdf
Common questions
- What does "12-M-044-MR-7 — Cayman Suisse Capital, Inc. (Dismissal)" cover?
- Cayman Suisse Capital, Inc., an FHA-approved mortgagee, withdrew its appeal of the Mortgagee Review Board's decision to withdraw its FHA approval for one…
- Which agency issued this update?
- This update was issued by HUD MRB.
- When does it take effect?
- It takes effect on September 14, 2012.