The US Department of Housing and Urban Development (HUD) last week served subpeonas on 15 mortgage companies nationwide seeking information on failed FHA loans. The subpoenas part of a program reviewing FHA approved mortgage lenders with “significant” foreclosure rates.

The companies are:

  • First Tennessee Bank, Memphis, TN
  • Alethes, Lakeway, TX
  • Security Atlantic Mortgage Co., Edison, NJ  
  • Pine State Mortgage Corporation, Atlanta, GA  
  • Birmingham Bancorp Mortgage Corporation, West Bloomfield, MI  
  • Alacrity Financial Services, Southlake, TX  
  • Assurity Financial Services, Englewood, CO  
  • D and R Mortgage Corporation, Farmington, MI  
  • Webster Bank, Cheshire, CT  
  • Mac-Clair Mortgage Corporation, Flint, MI  
  • Americare Investment Group, Inc., Arlington, TX  
  • 1st Advantage Mortgage, Lombard, IL  
  • American Sterling Bank, Independence, MO  
  • Sterling National Mortgage Company, Great Neck, NY  
  • Dell Franklin Financial, Columbia, MD