The Department of Housing and Urban Development (HUD) late Monday suspended Equitable Trust Mortgage Corp. (ETMC) of Baltimore from making Federal Housing Administration (FHA)-backed loans — the second such suspension of a lender within a week.

ETMC, which has branches in Maryland, Virginia, and South Carolina, told National Mortgage News it will make a statement on the matter later in the day Tuesday. Its specialty is renovation financing. For now, the suspension is for a minimum of six months.

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