The Mortgagee Review Board takes administrative action against FHA-approved mortgagees for violating HUD/FHA requirements.
See Handbook 4000.1 V.E.4 for information about Mortgagee Review Board actions, sanctions, and penalties.
Handbook 4000.1 is available at:
For additional information see 12 U.S.C. § 1708(c) and 24 C.F.R. Part 25 available at: