Correction: HUD Sanctioned Houston Lender Did Not Account for 47% of FHA Hope for Homeowner Loans.

In my prior post HERE I said that a Houston FHA lender that had been sanctioned by FHA appeared to account for 47% of H4H loans.

It turns out that appears to be wrong and that this Houston based lenders was NOT a major player in making FHA H4H loans. (Prior information about sanctions for this lender remains accurate).

I did some additional digging and it turns out that the Houston FHA lender was named 1ST ALLIANCE MORTGAGE LLC with an FHA originating number of 18930. 

The H4H lender that accounted for 47% of H4H loans is 1ST ALLIANCE LENDING, LLC with an FHA originating number of 27301 and is located in East Hartford, CT. 

My apologies to all for the incorrect information. 

Originally created and posted on the Oregon Housing Blog.