Madison Home Equities Permanently Banned from HUD Programs

Benton J. Campbell, United States Attorney for the Eastern District of New York, today announced that Madison Home Equities, Inc., a mortgage lender located in Carle Place, Long Island, and Madison’s president, Nadine Malone, have entered into a consent decree and judgment that permanently enjoins them from making loans insured by the Federal Housing Administration (FHA), an agency of the United States Department of Housing and Urban Development (HUD). The consent decree further enjoins Madison and Malone from participating in any federal program involving mortgage loans. The Consent Decree and Judgment was approved by United States District Judge Nicholas G. Garaufis.