Monthly summary of mortgage activities, Oct. 2001

Monthly Summary of Mortgage Activities
Georgia Department of Banking and Finance 2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565
OCTOBER 2001 SUMMARY OF ACTIVITIES - MORTGAGE DIVISION -----------------------------------------------------------------------------------------------------------------------------------------------------
**IMPORTANT NOTE**
DISTRIBUTING THE MONTHLY SUMMARY: Beginning January 2002, the Monthly Summary of Mortgage Activities will be emailed each month to licensees. The Department requests that all licensees provide the Department a valid email address in order that they may receive the Monthly Summary each month in a timely manner. For all other licensees, the Monthly Summary will be available on the Department's website http://www.state.ga.us/dbf/bulletins.html each month. This delivers the Mortgage Summary to you more rapidly and efficiently. If you have not already provided the Department with your email address, please contact the Mortgage Division at dbfmort@dbf.state.ga.us or at 770-986-1633 if you have any questions.
Licenses issued in Georgia are subject to revocation, withdrawal or suspension. To verify the current status of a license call 770-986-1269 or check our web site at http://www.state.ga.us/dbf/
The Division of Legal and Consumer Affairs, (770) 986-1633, handles inquires and consumer complaints regarding mortgage lenders and brokers and other entities regulated by the Department.
FINAL ORDERS OF DEPARTMENT OF BANKING AND FINANCE
On October 29, 2001, the Department issued the Final Order Revoking the License of Samuel A. Williams, Jr., d/b/a Georgia Capital Mortgage, Stockbridge, Georgia (License #14589). This license was revoked for committing prohibited acts. Fines totaling $300 remain unpaid.
On October 31, 2001, the Department issued the Final Order Revoking the license of C.F.M. Mortgage Company, College Park, Georgia, Mr. Frank Kuevi, President (License #11478). This license was revoked for failure to submit to the examination process. Fines totaling $1,000 remain unpaid.
PLEASE NOTE:
Robley Rigdon has returned to his duties as Deputy Commissioner for Mortgage after a one year assignment as Assistant Division Commander in NATO's Multi National Division in Bosnia with the Georgia National Guard. Robley resumed his full time duties as of November 1, 2001. Drexel Beck has resumed his duties as Director for Mortgage with responsibility for the field examiners and regulatory matters. The Department congratulates Robley on a job well done in Bosnia and welcomes him back.
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LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN OCTOBER 2001

ID# COMPANY NAME

16769 16788 16832 15380 16422 16737 16780 16791 16813 16814 16815 16820 16824 16827 16828 16829 16853 16855 16860 16545 16691 16725 16748 16790 16792 16800 16805 16808 16809 16831 16858 16872 16873 16877 16878 16879 16880 16903 11544 15628 16833 16837

Community Home Loans, LLC James T. Keffer JNS Mortgage Services, Inc. All Credit Mtg * Goldpoint Mortgage, Inc. Home Town Approvals, Inc. Freedom First Mortgage Group, Inc. Eastside Mortgage Corporation American Family Mortgage Company Kristi Walser Emile J. Farge PWC Mortgage, LLC U. S. Financial Services, Inc. Se'Ra Jordan Juli Kae Borthwick Denise G. Scardino Watson Melanie Bates Witte Cynthia Anne Farnham David Isom Coile Diversified Mortgage Funding, LLC Mortgage Brokers, Inc (Oklahoma) Century Plus Financial Group, Inc. Linda Gail Headrick Betty Drake Lauria A. Waugh Richard Arthur Farnham Home Capital Plus, Inc. First Capital Lending, Inc. Innovative Funding Solutions, Inc. Phillips Homes, Inc. Summit Brokers, Inc. Pamela L. Lucas Larry Chris Hutchinson Carter Insurance and Financial Godfrey Insurance and Financial Parilee Matilda Glover Kimberly Ann Watson Larry Ridgeway, Jr. First Equity Mtg Svcs + American Community LLC * Kay W. Davis Neighborhood Mortgage, Inc.

CITY

ST

MB

ORIGINAL RENEWAL REINSTATED

CODE APPROVAL

KENNESAW

GA B

10/05/2001 10/05/2001

SNELLVILLE

GA B

DECATUR

GA B

COLLEGE PARK GA L

MARIETTA

GA B

TIFTON

GA B

ATLANTA

GA B

SNELLVILLE

GA B

LAWRENCEVILLE GA B

SUWANEE

GA B

MABLETON

GA B

DES MOINES

IA L

ALPHARETTA

GA B

ELKO

GA B

WARNER ROBINS GA B

SAVANNAH

GA B

WARNER ROBINS GA B

10/05/2001 10/05/2001 03/24/2000 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001

10/05/2001 10/05/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001 10/12/2001

DULUTH

GA B

10/12/2001 10/12/2001

MCDONOUGH

GA B

10/12/2001 10/12/2001

COLUMBUS

GA B

10/19/2001 10/19/2001

EDMOND

OK B

10/19/2001 10/19/2001

VENICE

FL B

10/19/2001 10/19/2001

TRENTON

GA B

10/19/2001 10/19/2001

HULL

GA B

10/19/2001 10/19/2001

LEESBURG

GA B

10/19/2001 10/19/2001

DULUTH

GA B

10/19/2001 10/19/2001

TAMPA

FL B

10/19/2001 10/19/2001

ATLANTA

GA B

10/19/2001 10/19/2001

LAWRENCEVILLE GA B

10/19/2001 10/19/2001

COLUMBUS

GA B

10/19/2001 10/19/2001

DEWY ROSE

GA B

10/19/2001 10/19/2001

LITHONIA

GA B

10/19/2001 10/19/2001

RINGGOLD

GA B

10/19/2001 10/19/2001

DULUTH

GA B

10/19/2001 10/19/2001

DULUTH

GA B

10/19/2001 10/19/2001

COLUMBUS

GA B

LAWRENCEVILLE GA B

WOODSTOCK

GA B

TUCKER

GA B

ROSWELL

GA L

COOLIDGE

GA B

CUMMING

GA B

10/19/2001 10/19/2001 10/19/2001 04/12/1996 06/16/2000 10/26/2001 10/26/2001

10/19/2001 10/19/2001 10/19/2001 10/26/2001 10/26/2001 10/26/2001 10/26/2001

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LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN OCTOBER 2001

ID# COMPANY NAME

16841 16843 16856 16861 16870 16871 16874 16876 16883
7080 13726
7398 14684
6529 13222

Willie Rouse Elite Mortgage, LLC Fidelity Lending, LLC Home Services Financial, LLC Linda Mitchell-Lamison Rachel T. Wilson Premier Funding, LLC V & B Enterprises, Inc. Atlanta 1st Choice, Inc. Northside Mortgage Group, Inc. Edith Blackburn Bankers Homes of America, Inc. Resource One Mortgage Group, Inc. Homeowners Mortgage Enterprises, RJO Financial Services, Inc.

CITY

ST

MB

ORIGINAL RENEWAL REINSTATED

CODE APPROVAL

SUWANEE

GA B

10/26/2001 10/26/2001

AUSTELL

GA B

10/26/2001 10/26/2001

CUMMING

GA B

10/26/2001 10/26/2001

CHATTANOOGA TN B

10/26/2001 10/26/2001

LAWRENCEVILLE GA B

10/26/2001 10/26/2001

LILBURN FAYETTEVILLE POWDER DOUGLASVILLE ROSWELL DECATUR CHATSWORTH BATON ROUGE COLUMBIA AKRON

GA B GA L GA B GA B GA B GA B GA B LA B SC L OH B

10/26/2001 10/26/2001 10/26/2001 10/26/2001 01/13/1995 07/10/1998 10/20/1995 06/04/1999 07/20/1993 02/06/1998

10/26/2001 10/26/2001 10/26/2001 10/26/2001 10/05/2001 10/05/2001 10/12/2001 10/12/2001 10/19/2001 10/19/2001

10/05/2001 10/05/2001 10/12/2001 10/12/2001 10/19/2001 10/19/2001

TOTAL: 57

B = BROKER L = LENDER R = REGISTRANT

+ Downgrade Lender to Broker * Upgrade Broker to Lender # Upgrade Lender to Registrant

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SUSPENDED, WITHDRAWN OR DENIED IN OCTOBER 2001

ID# 7069 7211 11321 11478 11555 11828 13037 13123 14589 14741 16147 16250 16723

NAME QUALITY HOMES CO CREATIVE MTGS INC LASTINGER MOBILE HMS INC CFM MTG CO PAXTON FINL SVCS INC FOUNDATION FUNDING GRP IN GREATER HOMES CO AMERISTAR MTG CORP GEORGIA CAP MTG SUN MTG CORP HOMESOUTH MTG SVCS LLC BEACON MTG CORP. STOVALL, RODERICK A, JR.

CODE BD BD BD LD BD LD BD BD BD BD LD BD BD

REVOKED EXPIRED SUSPENDED 10/26/2001 10/31/2001 10/31/2001
10/29/2001
10/30/2001

WITHDRAWN 10/19/2001
10/18/2001
10/19/2001
10/19/2001 10/03/2001
10/15/2001 10/03/2001
10/12/2001

DENIED

TOTAL: 13
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FINES ASSESSED IN OCTOBER 2001

ID#

ISSUE

DATE

FINE

FINE

REASON

PAID DATE

COMPANY NAME

CITY

ST

5622 10/09/2001 AUD

$1000.

Misra Group, Inc.

Marietta

GA

5625 10/24/2001 AUD

$1000.

United Mortgage Investors, Inc.

Decatur

GA

5832 10/09/2001 AUD

$1000.

Harvest Mortgage Co., Inc.

Marietta

GA

6009 10/24/2001 AUD

$1000.

Mainstreet Mortgage Makers, Inc.

Roswell

GA

7115 10/24/2001 AUD

$1000. 10/30/2001 Allied Mortgage Capital Corporation

Houston

TX

7245 10/24/2001 AUD

$1000.

Aames Capital Corporation

Irvine

CA

11649 10/24/2001 AUD

$1000.

Aames Funding Corporation

Los Angeles

CA

11813 10/09/2001 AUD

$1000.

World Finance Corporation of Georgia Marietta

GA

11828 10/25/2001 NSF

$33.15

Foundation Funding Group, Inc.

Tampa

FL

12095 10/09/2001 AUD

$1000.

Title West Mortgage, Inc.

Woodland Hills

CA

12999 10/09/2001 AUD

$1000. 10/23/2001 Palm Harbor Homes, Inc.

Addison

TX

13054 10/22/2001 1099

$1000.

Jamison Mobile Home Sales, Inc.

Toccoa

GA

13405 10/24/2001 AUD

$1000.

Positive Mortgage, Inc.

New York

NY

13507 10/24/2001 AUD

$1000.

Intercap Mortgage Company, LLC

Atlanta

GA

13652 10/30/2001 1013 13652 10/30/2001 FILE

$1000. $1000.

First Choice Financial Corporation

Milledeville

GA

First Choice Financial Corporation

Milledeville

GA

13834 10/24/2001 AUD

$1000. 10/05/2001 Lighthouse Funding Corporation

Tustin

CA

13964 10/01/2001 UL

$1000. 10/23/2001 Northland Services, Inc.

Norcross

GA

13964 10/01/2001 B&R

$500. 10/23/2001 Northland Services, Inc.

Norcross

GA

13964 10/01/2001 FILE

$500. 10/23/2001 Northland Services, Inc.

Norcross

GA

13967 10/24/2001 AUD

$1000.

First Guaranty Mortgage Corporation

McLean

VA

13976 10/03/2001 B&R

$500. 10/17/2001 Rembrandt Remodeling, Inc.

Marietta

GA

13976 10/03/2001 FILE

$500. 10/17/2001 Rembrandt Remodeling, Inc.

Marietta

GA

13976 10/03/2001 FILE

$500. 10/17/2001 Rembrandt Remodeling, Inc.

Marietta

GA

14344 10/03/2001 B&R

$500. 11/01/2001 Georgia Discount Inc.

Cartersville

GA

14344 10/03/2001 FILE

$500. 11/01/2001 Georgia Discount Inc.

Cartersville

GA

14396 10/30/2001 UL

$1000.

AmeriCap Mortgage Corporation

Atlanta

GA

14396 10/30/2001 1099

$1000.

AmeriCap Mortgage Corporation

Atlanta

GA

14396 10/30/2001 FILE

$500.

AmeriCap Mortgage Corporation

Atlanta

GA

14879 10/10/2001 UL

$1000.

Mega Mortgage Group, Inc.

Atlanta

GA

14879 10/10/2001 FILE

$500.

Mega Mortgage Group, Inc.

Atlanta

GA

14943 10/25/2001 1013

$1000.

New Heights Capital, LLC

Atlanta

GA

15056 10/09/2001 AUD

$1000. 10/22/2001 Mortgage Capital Associates, Inc.

Los Angeles

CA

15287 10/22/2001 B&R

$500.

Citizens First Mortgage Solutions, Inc.

Tucker

GA

15287 10/22/2001 FILE

$1000.

Citizens First Mortgage Solutions, Inc.

Tucker

GA

15317 10/25/2001 FILE

$500.

Heathrow Funding, Inc

Cumming

GA

15345 10/25/2001 FILE

$500.

Sovereign Financial Corporation

Alpharetta

GA

15345 10/25/2001 FILE

$500.

Sovereign Financial Corporation

Alpharetta

GA

15447 10/25/2001 FILE

$500.

MBA, Inc.

Marietta

GA

15520 10/22/2001 1099

$12000.

American Residential Funding, Inc.

Costa Mesa

CA

15520 10/22/2001 1013

$1000.

American Residential Funding, Inc.

Costa Mesa

CA

15520 10/22/2001 CIC

$500.

American Residential Funding, Inc.

Costa Mesa

CA

15520 10/22/2001 BR

$1000.

American Residential Funding, Inc.

Costa Mesa

CA

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FINES ASSESSED IN OCTOBER 2001

ID#
15520 15520 15520 15520 15581 15581 15683 15692 15695 16025 16038 16041 16041 16049 16189 16723

ISSUE DATE
10/22/2001 10/22/2001 10/22/2001 10/22/2001 10/09/2001 10/09/2001 10/24/2001 10/09/2001 10/09/2001 10/09/2001 10/24/2001 10/24/2001 10/24/2001 10/24/2001 10/30/2001 10/05/2001

FINE REASON
FILE FILE B&R OTH FILE FILE AUD AUD AUD AUD AUD FILE FILE AUD FILE NSF

FINE
$500. $500. $500. $500. $500. $500. $1000. $1000. $1000. $1000. $1000. $1500. $500. $1000. $500. $32.5

PAID DATE

COMPANY NAME
American Residential Funding, Inc. American Residential Funding, Inc. American Residential Funding, Inc. American Residential Funding, Inc. Bond Street Mortgage, LLC Bond Street Mortgage, LLC Alliance Capital Corp. Vertical Lend, Inc. Mortgage Division, Inc. (The) First Beneficial Mortgage Corporation Dupont Mortgage Group, Inc. CitiMortgage Services, Inc. CitiMortgage Services, Inc. L & S Mortgage Corporation Golden Mortgage Services, Inc Roderick Anthony Stovall, Jr.

CITY

ST

Costa Mesa

CA

Costa Mesa

CA

Costa Mesa

CA

Costa Mesa

CA

Tucker

GA

Tucker

GA

Levittown

NY

Melville

NY

Covington

GA

Charlotte

NC

Tampa

FL

Atlanta

GA

Atlanta

GA

Jacksonville Beach FL

Atlanta

GA

Atlanta

GA

FINE REASON

1099 B&R BR CD CIC EMP FEE FEL

1099 employees Books & records Unapproved branch Violation of Cease & Desist Order Acq. of 25% ownership without approval Employer under C&D or revocation $6.50 fees not paid Employment of a felon

FILE LAR NSF REL REN UL OTH

Loan files not properly maintained Late filing Written Annual Report Check returned for insufficient funds Relocation of office without notice Renewal filed late Doing business with unlicensed entity Miscellaneous other

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