Hawaii Mortgage Lender Faces Serious Consequences from HUD

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Press Release

November 4, 2009 - DSNews.com

Hawaii Mortgage Lender Faces Serious Consequences from HUD

In recent news from HUD's Mortgage Review Board, a proposal to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc. (FMUSA) was announced. Based in Hawaii, FMUSA is a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender.

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