The Department of Housing and Urban Development's Mortgagee Review Board is imposing civil money penalties totaling $27,000 on two Federal Housing Administration-approved lenders in Wisconsin and Connecticut for a variety of violations of FHA lending and marketing standards.

In the first action, HUD imposed $20,000 in penalties against 1st Rate Mortgage Corp. of Green Bay, Wis., for allegedly violating third party origination restrictions, making false certifications concerning the compliance with these restrictions and failing to maintain a quality control plan in accordance with HUD and FHA requirements.

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