QUALITY LOANS- THERE IS NO SUBSTITUTE! WE ALL MUST BE VERY CAREFUL.
THESE COMPANIES HAD A HIGH RATE OF PROBLEMS WITH FHA -INSURED MORTGAGES, DEFAULTED LOANS.
Below are the companies that received subpoenas from HUD's Office of Inspector General on Tuesday:
First Tennessee Bank N.A., Memphis, Tenn.
Alethes LLC, Lakeway, Texas
Security Atlantic Mortgage Co., Edison, N.J.
Pine State Mortgage Corporation, Atlanta.
Birmingham Bancorp Mortgage Corporation, West Bloomfield, Mich.
Alacrity Financial Services, LLC, Southlake, Texas
Assurity Financial Services, LLC, Englewood, Colo.
D and R Mortgage Corporation, Farmington, Mich.
Webster Bank, Cheshire, Conn.
Mac-Clair Mortgage Corporation, Flint, Mich.
Americare Investment Group, Inc., Arlington, Texas
1st Advantage Mortgage, Lombard, Ill.
American Sterling Bank, Independence, Mo.
Sterling National Mortgage Company Inc., Great Neck, N.Y.
Dell Franklin Financial LLC, Columbia, Md.
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