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 This license was revoked for committing prohibited acts.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 This license was revoked for failure to submit to the examination process.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. 1 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 2 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 3 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 4 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 5