Archive for August, 2010

Escrow Officer Admits Role in Mortgage Fraud

For Immediate Release
August 27, 2010 United States Attorney’s Office
Northern District of California
Contact: (415) 436-7200
Escrow Officer Admits Role in Mortgage Fraud

OAKLAND, CA—Donna Demello pleaded guilty in federal court in Oakland today to conspiracy to commit wire and mail fraud for her role in a mortgage fraud scheme, United States Attorney Melinda Haag announced. At the time of the offense, Demello worked as an escrow officer at Stewart Title in Milpitas, Calif.

Demello, 44 of San Jose, Calif., was indicted by a federal grand jury on May 13, 2010. She and five others, including James Delbert McConville, were charged with conspiracy to commit mail and wire fraud in violation of Title 18, United States Code, Section 1349. The Indictment alleges that McConville purchased hundreds of condominiums throughout California in the names of straw buyers, individuals who were promised $5,000 to $10,000 for the use of their names and credit. The loan applications are alleged to have contained false information about the employment, income, and assets of the straw buyers. Demello admitted to participating in the fraudulent approval of approximately 80 loans for condominiums in Escondido, Calif., and San Marcos, Calif. The government has alleged in its filings that loans totaling more than $20 million were approved for the purchase of these condominiums in Southern California, and that more than $11 million of that was paid directly out of escrow to individuals and companies controlled by McConville.

In pleading guilty to Count One of the Indictment, Demello admitted that she conspired with McConville and others to conceal from the lending institutions the “marketing fees” paid to McConville for the sale to straw buyers of approximately 80 condominiums in Escondido and San Marcos. Demello acknowledged that marketing fees paid to McConville averaged about $150,000 per loan transaction.

Demello also admitted that in furtherance of the conspiracy, she would create two “final” versions of the settlement statements on a form approved by the United States Department of Housing and Urban Development (called the HUD-1). The correct version of the HUD-1 that was provided to the seller would show a large marketing fee paid to an individual or entity associated with McConville. The fraudulent version of the HUD-1 that was sent to the lending institution would not show the payment of any marketing fee. At McConville’s direction, his “marketing fee” would be paid directly from escrow to individuals associated with him and/or one of many corporate entities he controlled, including but not limited to: Diamond House Development, La Mirage HA, Emerald Park Housing, Hi Investments, Kearny Mesa Townhomes, LLC, Stonemark Asset Portfolio, Sunset Drive Media, 3 Mac Asset Portfolio, 3 Mac Development Corp., and Sapphire Park House.

Araks Davoudi, a former employee of Citibank, previously pled guilty to the same conspiracy on Aug. 2, 2010, for her role in creating false verifications of deposit for straw buyers. Two others who worked for McConville have pled guilty to conspiracy to commit mail and wire fraud in a related case, United States v. Raymond Davoudi and Bahareh Shamlou, CR 10-364 SBA. McConville is currently in custody.

The sentencing of Demello is scheduled for Dec. 8, 2010, before U.S. District Court Judge Phyllis J. Hamilton in Oakland. The maximum statutory penalty for each count of conspiracy in violation of Title 18, United States Code, Section 1349, is 30 years’ imprisonment and a fine of $1,000,000 or twice the gross gain or loss involved in the conspiracy, whichever is greater. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

Keslie Stewart is the Assistant U.S. Attorney who is prosecuting the case with the assistance of Kathleen Turner and Patty Lau. The prosecution is the result of a one year investigation by the Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigation, U.S. Department of Housing and Urban Development – Office of Inspector General, U.S. Postal Inspection Service, and the Alameda County District Attorney’s Office.

Further Information:

Case #: CR10-00395 PJH

A copy of this press release may be found on the U.S. Attorney’s Office’s website at www.usdoj.gov/usao/can.

Electronic court filings and further procedural and docket information are available at https://ecf.cand.uscourts.gov/cgi-bin/login.pl.

Judges’ calendars with schedules for upcoming court hearings can be viewed on the court’s website at www.cand.uscourts.gov.

All press inquiries to the U.S. Attorney’s Office should be directed to Jack Gillund at (415) 436-6599 or by email at Jack.Gillund@usdoj.gov.

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GET ANSWERS TO FHA QUESTIONS – SEARCH ON-LINE and ANYTIME.

All-

GET ANSWERS TO FHA QUESTIONS – SEARCH ON-LINE and ANYTIME. The on-line FHA frequently asked question site contains over 1,300 questions and answers about FHA programs and services and is available 24 hours a day, seven days a week. You can find information on general topics like FHA financing and how to purchase HUD Homes as well as specific answers about more obscure technical subjects like dug wells, construction/permanent financing, or third party originators. We have recently made changes to the site that include:

· Changes to the look and feel of the site to incorporate a cleaner, more consistent look.

· The addition of a bulletin board feature that allows real-time updates on new policy documents, announcements, system outages, etc.

· The addition of a “Search Tips” link that provides tips and tricks on how to search the FAQ effectively.

Look for additional enhancements in the coming months as FHA continues to improve this site. Find out why thousands of people visit the site daily and check it out yourself at http://www.fhaoutreach.gov/FHAFAQ/

AND

HUD Housing Counseling Compliance training comes to San Francisco, CA:

September 28, 2010 – San Francisco, CA. Learn how to comply with HUD regulations once you are an approved agency. We recommend this workshop to program managers and housing counselors who are or will be responsible for tracking your agency’s HUD program. This training is open to non-profit and government agencies participating in HUD’s housing counseling program. Registration required, no fee. More info at: http://www.rcac.org/events.aspx?579

AND

FHA training for Real Estate Professionals comes to Southern CA:

Live, in-person FHA training for Real Estate Professionals. Learn about FHA insured mortgage programs including rehabilitation mortgages, energy efficient mortgages, condominiums, & Real Estate Owned HudHomes (REO’s), as well as recent changes & updates. This training is for Real Estate Brokers, Agents, & Loan Officers. Registration required, no fee, all times are pacific. Register today, space is limited & these live training sessions will fill up fast!

September 9, 2010 – San Diego, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=597&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=598&update=N

September 13, 2010 – Ontario, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=599&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=600&update=N

September 28, 2010 – Long Beach, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=603&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=602&update=N

AND

HUD webpage update:

Visit HUD’s webpage for new web links for Lenders, Counselors, Appraisers and Others: Please go to http://www.hud.gov and click on “Find Information by Audience Group” to find the main page for web links for your industry. We would appreciate your help in letting your business partners know how to access their information on the HUD web page also by forwarding this email message to them.

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The Appraisal-Related Impact of the Dodd-Frank Law

The Appraisal-Related Impact of the Dodd-Frank Law

Register Free Today
Date/Time: Wednesday, August 25, 1 p.m. CDT

Speakers: FNC Regulatory and Mortgage Banking Experts Neil Olson and David Work.

Description: The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law July 21. FNC subject matter experts discuss the tenets of the law as it relates to mortgage production and valuation processes.

During the Webinar, you’ll learn:

Who is impacted by Dodd-Frank financial regulation.
How long it will take to get the new regulations in place.
What you should know now to prepare for compliance with these changes.
If improvements to the asset-backed securitization process will help re-start the securitization of private label residential mortgage backed securities.
If the repeal of the SEC’s Rule 436(g) will force the rating agencies to cease rating residential mortgage back securities.
Details about Dodd-Frank’s relationship to the Home Valuation Code of Conduct.
Why FNC technology makes the transition seamless.
Neil Olson, who joined FNC in 2000 as Chief Legal Officer, has more than 25 years of experience in mortgage operations and regulation, having served as a senior officer at two southern California savings and loans. He also practiced real estate and financial institution litigation law before becoming president and CEO of the California Market Data Cooperative.

David Work joined FNC this year as Executive Vice President for Corporate Development after more than 30 years in commercial and corporate banking. Work’s vast experience includes mortgage warehouse lending, strategic planning and implementation, budgeting, forecasting, serving on cross-functional committees, mentoring, and developing and managing a number of different business teams and units.

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Richard Dick Hoffman MAI, appraisal insttiute, law for dummies

Posted by Cochise on August 23, 2010 at 10:42:42:

In Reply to: Re: Richard Dick Hoffman MAI, UnExpert Witness posted by Cochise on April 08, 2008 at 10:27:57:

Re: Richard Dick Hoffman MAI, “LAW FOR DUMMIES” ( richard h hoffman is a member of the appraisal instute and author of “revaluation for dummies” busted for praqcticing law without a licence.)

[Cite as Ohio State Bar Assn. v. Appraisal Research Corp., (MAI, APPRAISAL INSTITUTE) 125 Ohio St.3d 508, 2010-Ohio-
2204.]
OHIO STATE BAR ASSOCIATION v. APPRAISAL
RESEARCH CORPORATION ET AL.
[Cite as Ohio State Bar Assn. v. Appraisal Research Corp., (mai APPRAISAL INSTITUTE)
125 Ohio St.3d 508, 2010-Ohio-2204.]
Unauthorized practice of law — Defended corporation’s appraisals at board-ofrevision
hearings — Consent decree accepted — Injunction imposed.
(No. 2010-0151 — Submitted February 17, 2010 — Decided May 25, 2010.)
ON FINAL REPORT by the Board on the Unauthorized Practice of Law of the
Supreme Court, No. UPL 09-04.
__________________
Per Curiam.
{¶ 1} Pursuant to Gov.Bar R. VII(5b), the Board on the Unauthorized
Practice of Law has recommended our approval of a consent decree proposed by
relator, Ohio State Bar Association, and respondents, Appraisal Research
Corporation (“ARC”), Sue Maag, and Richard H. Hoffman. (MAI APPRAISAL INSTITUTE) We accept the
board’s recommendation and approve the proposed consent decree submitted by
the parties as follows:
{¶ 2} “1. Respondent, ARC provides appraisal services to counties
throughout Ohio, specifically to County auditors.
{¶ 3} “2. In addition to [those appraisal duties], Respondents ARC,
Hoffman, and Maag assumed, with the consent of the Boards of Revision, duties
to ‘defend’ ARC’s appraisals at hearings of the Boards of Revision, to examine
witnesses at such hearings, and to render advice concerning the conduct of such
hearings.
{¶ 4} “3. Respondents admit [that they defended ARC’s appraisals at
hearings of the Boards of Revision, examined witnesses at such hearings, and
SUPREME COURT OF OHIO
2
rendered advice concerning the conduct of such hearings], and that [that conduct]
constitutes the unauthorized practice of law. Respondents state that they acted
with a good faith belief that this conduct was proper pursuant to the provisions of
[Ohio Adm.Code] 5703-25-08 * * *.
{¶ 5} “4. Respondents have ceased the conduct [that constitutes the
unauthorized practice of law], have agreed not to engage in such conduct in the
future, and have consented to the imposition of an injunction against future
unauthorized practice of law.
{¶ 6} “5. Relator’s position is that no penalty be imposed, and the Board
so recommends.
{¶ 7} “6. Respondents, and their respective successors and assigns,
agents, members, officers, representatives and employees are permanently
enjoined from defending their appraisals at hearings, examining witnesses at such
hearings, rendering legal advice, and otherwise engaging in the unauthorized
practice of law.
{¶ 8} “7. Respondents are ordered to notify in writing the auditor of
each of the counties in Ohio that employed one or more of Respondents to
provide services to its Board of Revision that, by engaging in the prohibited
conduct, Respondents engaged in the unauthorized practice of law and to deliver
to Relator’s counsel a copy of each such notice.
{¶ 9} “8. Respondents are hereby ordered to reimburse the Board and
Relator their costs and expenses in this matter.
{¶ 10} “9. Respondents are hereby ordered to pay costs.
{¶ 11} “10. No civil penalty is imposed.”
Judgment accordingly.
PFEIFER, LUNDBERG STRATTON, O’CONNOR, O’DONNELL, LANZINGER, and
CUPP, JJ., concur.
BROWN, C.J., not participating.
Re: Richard Dick Hoffman MAI, “LAW FOR DUMMIES”

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Issue Number: IRS Summertime Tax Tip 2010-20

Issue Number: IRS Summertime Tax Tip 2010-20
Inside This Issue

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Employee vs. Independent Contractor – Seven Tips for Business Owners

As a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether you need to withhold from your workers paychecks and what tax documents you need to file.

Here are seven things every business owner should know about hiring people as independent contractors versus hiring them as employees.

1. The IRS uses three characteristics to determine the relationship between businesses and workers:

Behavioral Control covers facts that show whether the business has a right to direct or control how the work is done through instructions, training or other means.
Financial Control covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker’s job.
Type of Relationship factor relates to how the workers and the business owner perceive their relationship.
2. If you have the right to control or direct not only what is to be done, but also how it is to be done, then your workers are most likely employees.

3. If you can direct or control only the result of the work done — and not the means and methods of accomplishing the result — then your workers are probably independent contractors.

4. Employers who misclassify workers as independent contractors can end up with substantial tax bills. Additionally, they can face penalties for failing to pay employment taxes and for failing to file required tax forms.

5. Workers can avoid higher tax bills and lost benefits if they know their proper status.

6. Both employers and workers can ask the IRS to make a determination on whether a specific individual is an independent contractor or an employee by filing a Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS.

7. You can learn more about the critical determination of a worker’s status as an Independent Contractor or Employee at IRS.gov by selecting the Small Business link. Additional resources include IRS Publication 15-A, Employer’s Supplemental Tax Guide, Publication 1779, Independent Contractor or Employee, and Publication 1976, Do You Qualify for Relief under Section 530? These publications and Form SS-8 are available on the IRS website or by calling the IRS at 800-829-3676 (800-TAX-FORM).

Links:

Publication 15-A, Employer’s Supplemental Tax Guide (PDF)
Publication 1779, Independent Contractor or Employee (PDF)
Publication 1976, Do You Qualify for Relief under Section 530? (PDF)
Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding (PDF)

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Five Courses, Four Tracks, and a Bonus from Housing Finance Institute

Five Courses, Four Tracks, and a Bonus from Housing Finance Institute

Your “one-stop shop” for industry training, Fannie Mae’s Housing Finance Institute™ (HFI) comes to Dallas, October 5-8, offering five courses, four tracks, and a bonus — free Desktop Underwriter® (DU®) training for individuals who register for the underwriting course.* If you’re unable to attend the Dallas session, HFI’s final session of the year will be in Chicago, November 9-12, and will also offer informative courses and free bonus DU training.*

HFI offers two-day, updated courses in underwriting, secondary marketing, servicing, and investor accounting tracks. Here’s a sample of what the last two sessions of HFI will offer:

An enhanced “Principles of Sound Underwriting” class to include an overview and discussion of Fannie Mae’s Loan Quality Initiative, and
The latest information on implementing the Home Affordable Modification Program in the servicing course, “Preventing and Managing Loans in Default and Foreclosure.”
Note for investor reporting staff: our Dallas session will be our last offering this year of the Reporting, Accounting, and Reconciling Actual/Actual Loans and Scheduled/Scheduled Loans courses. The Chicago session will only offer the Reporting, Accounting, and Reconciling Actual/Actual Loans course.

Don’t put your professional education plans on hold; register for HFI today. To register, read course descriptions, and learn about these last two sessions and courses offered, visit the 2010 Housing Finance Institute page on eFannieMae.com.

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CLTA News

CLTA News
CLTA Webinar – Foreclosure: Before and After the Gavel
Wednesday, September 15, 2010 | 11:00am – 12:30pm (PST)
This is your chance to be educated on the issues surrounding California real property foreclosure. …

CLTA Files New Forms
The CLTA filed a new 2010 Homeowners Policy of Title Insurance and 2010 ALTA Expanded Coverage Residential Loan Policy. Both now contain …

CLTA Files Brief with the Supreme Court
The CLTA this month filed a friend of court (amicus curiae) brief jointly with First American, Stewart and North American. The brief was filed …

CLTA Welcomes New Member Company
The CLTA is proud to welcome North Coast Title Company as a California Land Title Association member. …

> Sacramento Report
Transfer on Death Deed Bill Fails Passage
A bill touted as an easy alternative to probates and trusts for seniors, AB 724 (DeVore) failed to …

Property Tax Postponement Bill Moves to Senate Floor
Assembly Bill 1718 (Blumenfield), modifying the senior citizen property tax postponement program, is now on the Senate floor. …

Buyer’s Choice Act Revisions Stall in Assembly
The Buyer’s Choice Act was passed by the Legislature last year to prohibit a mortgagee or beneficiary under a residential …

> Industry News
New VA Guidelines on Charges
The Department of Veterans Affairs announced new requirements concerning closing costs on the HUD-1 for loan applications taken …

New California Navigable Waterway
The Environmental Protection Agency has declared the Los Angeles River to be a navigable waterway. This designation means …

NAIC Looks at Holding Companies Rules
The NAIC is looking at changing the Model Insurance Holding Company System Regulatory Act and its regulations. Any recommended changes …

Expanded 1099 Reporting
In a misguided attempt to raise revenue, the new Health Care Bill enacted sweeping new 1099 reporting with a dramatic increase in penalties. …

Los Angeles Foreclosure Ordinance
The City of Los Angeles now requires a lender to register property with the City Housing Department or MERS within 30 days of …

CLTA News Express: Franchise Tax Board to Cease First-Time Buyer Tax Credit Program on August 15, 2010
Bulletin 10/11-13 – August 6, 2010
The Franchise Tax Board (FTB) announced today that it will stop accepting applications for the First-Time Buyer Credit at …

CLTA News Express: California Attorney General Seeks Injunction against Federal Mortgage Lenders
Bulletin 10/11-8 – July 21, 2010
California State Attorney General Jerry Brown is suing the federal housing agencies, asking a judge to stop government-sponsored entities from …

> Court Cases
Deeds
In re: Hastie (Weinkauf v. Florez) (A127069)
An administrator of decedent’s estate sought to set aside two deeds on the basis that …

Attachment
Bank of America v. Stonehaven Manor, LLC (C060089)
The property of a guarantor of a debt–a debt which is secured by the real property of the principal debtor and also that of …

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Proposed Fiscal Year 2011 Fair Market Rents

Proposed Fiscal Year 2011 Fair Market Rents
The proposed Fiscal Year (FY) 2011 Fair Market Rents (FMRs) were published in the Federal Register on Wednesday, August 4, 2010. A 30-day comment period has been provided to ensure that final FMRs are published by October 1. Subject to public comment, the proposed FMRs are used in the Housing Choice Voucher, the Moderate Rehabilitation, the project-based voucher, and other programs that require location-specific economic data.

The FMRs are estimated at 40th and 50th percentile rent levels. Some areas are granted higher FMRs (based on the 50th percentile rather than the 40th percentile of the local rent distribution) to achieve deconcentration of units in high poverty areas by voucher holders. An area that qualifies for a 50th percentile is set at that level for three years, after which deconcentration progress is evaluated. For the proposed FY 2011 FMRs, 18 FMR areas are eligible for the 50th percentile.

In addition to announcing the period for public comments on all published FMRs, the Federal Register notice announces the FMRs for the small area FMR demonstration project in Dallas, TX (provided in an addendum to the Schedule B table). These FMRs will be used to operate the Section 8 voucher program in the Dallas HMFA (HUD Metro FMR area); for all other programs, the area-wide FMR listed in Schedule B should be used. Comments on the small area FMR demonstration project that were collected under a notice published May 18, 2010 will be discussed in a forthcoming notice specifically on the small area FMRs.

Section 8(c)(1) of the United States Housing Act of 1937 requires the Secretary to publish FMRs periodically, but not less than annually, to be effective on October 1 of each year. The tables, documentation system, and a copy of the preamble are available from HUD USER at www.huduser.org/datasets/fmr.html.

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U.S. Government Printing Office’s (GPO) Government Book Talk!

About
Welcome to the U.S. Government Printing Office’s (GPO) Government Book Talk! Our goal is to raise the profile of some of the best publications from the Federal Government, past and present. We’ll be reviewing new and popular publications, providing information about new publications in the offing, and talking about some out-of-print classics. The goal is to spotlight the amazing variety of Government publications and their impact on ourselves and our world – and have fun while doing it.

About the agency: GPO opened its doors on March 4, 1861 and is part of the legislative branch of the federal government. GPO employees have been Keeping America Informed on the documents of our democracy, in both printed and electronic form, for the last 150 years. The agency produces the Congressional Record, Federal Register, the nation’s passports, and other Federal Government documents.

About the blogger: My name is Jim Cameron (not the movie director).I’m a long-time GPO employee, working mainly for the agency’s publications sales program in the areas of writing, editing, and outreach, but I also have a good deal of experience with the Federal depository library side of the house. I’m a serious book person – my wife claims that I own several thousand books, but I’m sure that’s an exaggeration. My interests lie mainly in the areas of history and biography – perfect for someone involved with Government books.

About our blog software: GPO uses WordPress, a free blog software provider with which we have an agreement, to operate our blog, but the content belongs to us.

If you have thoughts about a post, more information about a topic, or ideas about books to discuss, let me know. I see this blog not as a single voice, but as a community of book lovers, be those books print or electronic. Let the discussion begin!

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New FHA Webinars for Lenders:

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New FHA Webinars for Lenders:

Register today, these webinars will fill up fast!

August 17, 2010 – Webinar: Underwriting the FHA Appraisal. This FREE Webinar will provide an overview of the responsibilities of the lender & guidance on how to underwrite Fannie Mae appraisal forms. Changes to program requirements regarding FHA required repairs & inspections will be reviewed along with the Appraisal protocol found in HUD Handbook 4150.2, Appendix D. New construction, manufactured homes, & the new MC1004 form will also be covered. This course will provide you with either beneficial instruction or review of appraisal underwriting. Attendees must have internet access. All times are MDT. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=563&update=N

August 24, 2010 – Webinar: FHA/FAQs Hot Topics. This FREE Webinar will provide clarification to current hot topics & frequently asked questions in today’s FHA lending environment. Ideal training for Underwriters, Processing Staff & Loan Originators. Registrants must have internet access. ALL TIMES ARE MDT. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=561&update=N

September 9, 2010 – Webinar: FHA Refinance. This free training will help you better understand the FHA Refinance general guidelines. Topics to be discussed will include; Recent Updates, Streamline Refinances, Cash-Out & Rate & Term Refinances with an emphasis on changes to the Streamline Refinance guidelines. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=581&update=N

September 14, 2010 – Webinar: FHA Connection Part I. This free training will benefit Underwriters, Processors, Loan Originators & FHA Connection Coordinators. An overview of the FHA Connections system to include: Case number assignments, Appraisal Logging, Insurance Application, Coordinator privileges, overall lender functions, & case number queries. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=582&update=N

September 15, 2010 – Webinar: FHA Connection Part II. This free training will benefit Underwriters, Processors, Loan Originators & FHA Connection Coordinators. The training should increase proficiency with an overview of FHA Approval Lists, Origination Reports, Housing/HECM Counseling, UFMIP, Neighborhood Watch functions, & case number queries. Attendees must have internet access. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=584&update=N

AND

FHA Lender Training Comes to Sacramento, CA:

September 21, 2010 – Sacramento, CA. FHA Update & Training. FHA will conduct a live 1-day class on recent changes, highlights of underwriting the FHA appraisal & recap on underwriting & documentation requirements. This training is recommended for Underwriters, Processors, & Loan Officers. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=586&update=N

AND

HUD Housing Counseling Compliance and Loss Mitigation Training comes to Las Vegas, NV:

September 8, 2010 – Las Vegas, NV. FHA Loss Mitigation Training. This training is specifically designed for housing counselors & loan servicing lenders. Topics include special forbearance, loan modification, partial claims, FHA-HAMP, pre-foreclosure, deed-in-lieu options & FHA program updates. Sponsored by HUD & CCCS of South NV. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/events/snv090810.pdf

September 9, 2010 – Las Vegas, NV. HUD Housing Counseling Compliance Training. Learn about HUD housing counseling regulations & compliance requirements. Sponsored by HUD, RCAC & CCCS of South Nevada. Registration is limited to non-profit & government organizations. Registration required, no fee. More info at: http://www.rcac.org/events.aspx?575

AND

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5411-N-02]

TITLE: Credit Watch Termination Initiative

AGENCY: Office of the Assistant Secretary for Housing–Federal Housing Commissioner, HUD.

ACTION: Notice.

SUMMARY: This notice advises of the cause and effect of termination of Origination Approval Agreements taken by HUD’s Federal Housing Administration (FHA) against HUD-approved mortgagees through the FHA Credit Watch Termination Initiative. This notice includes a list of mortgagees which have had their Origination Approval Agreements terminated…

To read this notice in its entirety, please visit: http://edocket.access.gpo.gov/2010/pdf/2010-20068.pdf

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