Carteret Title
TitlePac
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


HUD's Mortgagee Review Board Suspends Seckel Capital, LLC
press release
   

The U.S. Department of Housing and Urban Development today announced that the Department's Mortgagee Review Board (MRB) is immediately suspending Pennsylvania-based mortgage lender Seckel Capital, LLC from originating and underwriting new mortgages insured by the Federal Housing Administration (FHA). In addition, HUD's Departmental Enforcement Center suspended owner John Seckel from doing business with the Federal government.

These actions are the result of an investigation by HUD into the financial practices of Seckel and his company, based in Newtown, Pennsylvania. Specifically, that Seckel knowingly and fraudulently submitted false financial statements to the government certifying they were audited by an independent accounting firm when, in fact, they were not.

HUD found that Seckel Capital and John Seckel engaged in a years-long pattern of submitting false financial statement to FHA, representing them as properly audited by independent certified public accountants. The action against Seckel and his company is the result of HUD's ongoing effort to hold the mortgage industry accountable for the loans they originate, underwrite and/or service. Read more about HUD's Mortgagee Review Board.



to post a comment on this article: login - or - register



Redvision
Directory

The Source of Title Business directory has 8509 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Positive Changes in Ohio's Budget Bill: Recording Fee Hike Nixed, and more...
Source of Title Blog
2017/06/28
0 comments

My First Experience with Inverse Condemnation
Source of Title Blog
2017/06/25
1 comments

BRASS Services is going out of business after years of service....
William Pattison 's Blog
2017/06/19
3 comments

Forums

Source of Title's Forums are the place for title industry discussions.
Recent posts in the forums:



NAILTA
Classifieds

Buy, sell, or trade! Browse the ads or post your own!

Marketing and Sales Mgr -Weymouth, MA
September 11 2017
Sarsfield Capital, a MA based family office, seeks an exceptional candidate for the role of Marketing and Sales Manager of a new, well capitalised, Title Insurance Agency.

Anchored in a belief that the current model of selling title insurance thro...[more info]


email
© 2007, Source of Title.