The Mortgagee Review Board has the authority to impose the following sanctions: withdrawal of approval, suspension of approval, probation, letter of reprimand, and imposition of civil money penalties.
In cases involving the improper origination or underwriting of single family mortgages, the Mortgagee Review Board may require the lender to indemnify HUD for any losses it may suffer if a mortgage insurance claim is filed.
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; 12 U.S.C. § 1735f-14; 12 U.S.C. §1715z-21; 24 C.F.R. 203.255(g)(4) available at: