Monthly summary of mortgage activities, Nov. 2001

Monthly Summary of Mortgage Activities
Georgia Department of Banking and Finance 2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565
NOVEMBER 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 inquiries and consumer complaints regarding mortgage lenders and brokers and other entities regulated by the Department.
CEASE AND DESIST ORDERS ISSUED - NOVEMBER
AlCredit Mortgages, LLC, LaFayette, GA - Cease and Desist Order issued 10-29-01 for conducting business without a mortgage license, and became final 11-28-01.
Approved Home Lending, Inc., Macon, GA - Cease and Desist Order issued 10-31-01 for conducting business without a mortgage license, and became final11-20-01.
Gordon, Scott, Macon, GA - Cease and Desist Order issued 10-31-01 for conducting business without a mortgage license, and became final 11-20-01.
Quest Capital Management Corporation, Overland Park, KS - Cease and Desist Order issued 10-2501 for conducting business without a mortgage license, and became final 11-14-01.
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.

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN NOVEMBER 2001

ID# COMPANY NAME

CITY

ST MB ORIGINAL RENEWAL REINSTATED CODE APPROVAL

16826 First Financial Services, Inc.

CHARLOTTE

NC B

11/02/2001 11/02/2001

16834 Infinity Financial Services, Inc.

NEWNAN

GA B

11/02/2001 11/02/2001

16862 Mortgage Consultant Services,

JONESBORO

GA B

11/02/2001 11/02/2001

16882 Bryce Robert Seabron

ELLENWOOD

GA B

11/02/2001 11/02/2001

16884 Walter Mortgage Company

N. RICHLAND HILLS TX L

11/02/2001 11/02/2001

16886 New Horizon Mortgage, Inc.

KENNESAW

GA B

11/02/2001 11/02/2001

16888 Kaiser-McLeod Group, Inc.

ATLANTA

GA B

11/02/2001 11/02/2001

7335 Primrose Mtg. *

WOODSTOCK

GA L

09/22/1995 11/09/2001

16782 Portfolio Associates, Inc.

ATLANTA

GA L

11/09/2001 11/09/2001

16854 Tiffany M. Christian

LITHONIA

GA B

11/09/2001 11/09/2001

16867 Danielle M. M. Smith

DECATUR

GA B

11/09/2001 11/09/2001

16868 Janice Elaine Belcher

ATLANTA

GA B

11/09/2001 11/09/2001

16887 Atlanta Mortgage & Financial

STONE MOUNTAIN GA B

11/09/2001 11/09/2001

16891 D&D Financial Group, Inc.

ALEXANDRIA

IN B

11/09/2001 11/09/2001

16893 Property Systems Mortgage

ATLANTA

GA B

11/09/2001 11/09/2001

16897 Kenneth Frederick Bohan

SUWANEE

GA B

11/09/2001 11/09/2001

16898 Diversified Mortgage Solutions, DULUTH

GA B

11/09/2001 11/09/2001

16772 Streetwise Mortgage, LLC

ROCKVILLE

MD B

11/16/2001 11/16/2001

16830 JohnAlan Group, Mortgage

CHARLOTTE

NC B

11/16/2001 11/16/2001

16889 Christine Benton

VALDOSTA

GA B

11/16/2001 11/16/2001

16895 E. C. Mortgage, Inc.

STONE MOUNTAIN GA B

11/16/2001 11/16/2001

16901 Bristol Home Mortgage Lending, BOCA RATON

FL L

11/16/2001 11/16/2001

16902 Keffenie Lynn Moye

ATLANTA

GA B

11/16/2001 11/16/2001

16929 Patricia Wilson

DECATUR

GA B

11/16/2001 11/16/2001

16931 GRP Mortgage Consulting, Inc

ATLANTA

GA B

11/16/2001 11/16/2001

16416 DFB Mortgage, Inc. *

DOUGLASVILLE

GA L

04/20/2001 11/30/2001

16890 Loan Correspondents, Inc.

COSTA MESA

CA L

11/30/2001 11/30/2001

16904 Armando Macias

MARIETTA

GA B

11/30/2001 11/30/2001

16906 Challenger Mortgage Corporation HOUSTON

TX B

11/30/2001 11/30/2001

16912 EWEB Funding Group, LLC

GAITHERSBURG

MD L

11/30/2001 11/30/2001

16917 Tommie J. Black

BOGART

GA B

11/30/2001 11/30/2001

16927 Maxim Mortgage Corporation

ALPHARETTA

GA B

11/30/2001 11/30/2001

16930 R37G, LLC

THOMSON

GA B

11/30/2001 11/30/2001

16933 Velma Maddox-Smith

ELLENWOOD

GA B

11/30/2001 11/30/2001

16939 Heart of Georgia Financial

DUBLIN

GA B

11/30/2001 11/30/2001

16942 American Lending Corporation

OWINGS MILLS

MD L

11/30/2001 11/30/2001

15575 Mortgage Brokers, Inc.

CHATTANOOGA

TN B

04/21/2000 11/02/2001

11/02/2001

6754 Walter Capital Corporation

THOMASVILLE

GA L

12/17/1993 11/30/2001

11/30/2001

15511 Chase Preferred Capital

EDISON

NJ R

03/17/2000 11/30/2001

11/30/2001

16723 Roderick Anthony Stovall, Jr.

ATLANTA

GA B

08/24/2001 11/30/2001

11/30/2001

TOTAL: 40

B = BROKER L = LENDER R = REGISTRANT

+ Downgrade Lender to Broker * Upgrade Broker to Lender

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

ID# 7466 12858 13080 13355 13837 14047 15298 15521 15605 16109 16836

NAME DEES, RICHARD M CLASSIC MTG INC MORRISON FINL SVCS LP GTI FUNDING LLC LONDON FINL GRP CITYWIDE MTGS INC DORSEY & DORSEY MTGS PRODIGY MTG CORP RESIDENTIAL HOME LENDING, CRS FINANCIAL SVCS. INC. ANDERSON MOBILE HOME

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

REVOKED 11/06/2001 11/02/2001

EXPIRED

SUSPENDED

11/30/2001

07/01/2001

WITHDRAWN DENIED
11/13/2001 11/28/2001 11/06/2001 11/30/2001
11/16/2001 11/19/2001 11/26/2001 11/30/2001

TOTAL: 11

FINES ASSESSED IN NOVEMBER 2001

ID#

ISSUE

DATE

FINE

FINE

REASON

PAID DATE

COMPANY NAME

CITY

ST

5654 11/08/2001 FEE

$1000.

Wachovia Mortgage Company

Winston-Salem

NC

5746 11/08/2001 FEE

$1000.

Sandy Springs Associates, Inc.

Atlanta

GA

5773 11/08/2001 FEE

$1000.

Omni Financial Services, Inc.

Atlanta

GA

5893 11/08/2001 FEE

$1000.

Crossland Mortgage Corp.

Salt Lake City

UT

6214 11/08/2001 FEE

$1000.

Charles F. Curry Company

Kansas City

MO

6284 11/08/2001 FEE

$1000.

Temple-Inland Mortgage Corporation Austin

TX

6360 11/08/2001 FEE

$1000.

Advanta Mortgage Corp. USA

Spring House

PA

6375 11/08/2001 FEE

$1000.

NationsCredit Home Equity Services Irving

TX

6398 11/08/2001 FEE

$1000. 12/05/2001 Carolina First Bank

Columbia

SC

6431 11/08/2001 FEE

$1000. 11/26/2001 Trustcorp Mortgage Company

South Bend

IN

6476 11/08/2001 FEE

$1000. 11/21/2001 Metwest Mortgage Services, Inc.

Spokane

WA

6480 11/08/2001 FEE

$1000.

Accurate Mortgage Services, Inc.

Atlanta

GA

6490 11/08/2001 FEE

$1000.

Malone Mortgage Company America, Dallas

TX

6510 11/08/2001 FEE

$1000.

Bankers First Mortgage Co., Inc.

Owings Mills

MD

6549 11/08/2001 FEE

$1000.

American Liberty Mortgage & Loan

Worcester

MA

6601 11/08/2001 FEE

$1000.

BOMAC Capital Mortgage, Inc.

Dallas

TX

6638 11/08/2001 FEE

$1000. 11/30/2001 HomEq Servicing Corporation

North Highlands

CA

6804 11/08/2001 FEE

$1000.

American Family Financial Services Atlanta

GA

6852 11/08/2001 FEE

$250.

Compass Bank

Birmingham

AL

6903 11/08/2001 FEE

$1000.

California Lending Group, Inc.

Irvine

CA

7014 11/08/2001 FEE

$1000.

Residential Money Centers, Inc.

Irvine

CA

7079 11/05/2001 UL

$3000. 12/03/2001 Peachtree Funding Group, Inc.

Smyrna

GA

7079 11/05/2001 FILE

$1500. 12/03/2001 Peachtree Funding Group, Inc.

Smyrna

GA

7079 11/05/2001 FILE

$500. 12/03/2001 Peachtree Funding Group, Inc.

Smyrna

GA

7079 11/05/2001 B&R

$1000. 12/03/2001 Peachtree Funding Group, Inc.

Smyrna

GA

FINES ASSESSED IN NOVEMBER 2001

ID#

ISSUE

DATE

FINE

FINE

REASON

PAID DATE

COMPANY NAME

CITY

ST

7184 11/08/2001 FEE

$1000.

Anthony D. Blaylock

Atlanta

GA

7210 11/08/2001 FEE

$1000.

Accurate Mortgage Center, Inc.

Decatur

GA

7211 11/15/2001 FEL

$1000.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 1013

$1000.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 FILE

$8000.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 FILE

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7211 11/15/2001 B&R

$500.

Creative Mortgages, Inc.

Savannah

GA

7239 11/08/2001 FEE

$1000.

Financial Freedom Senior Funding

San Francisco

CA

7264 11/08/2001 FEE

$1000. 11/14/2001 Chapel Mortgage Corporation

Rancocas

NJ

7279 11/08/2001 FEE

$1000.

Dolphin Mortgage Corporation

Oak Brook

IL

7284 11/08/2001 FEE

$1000.

SunTrust Personal Loans, Inc.

Atlanta

GA

7441 11/08/2001 FEE

$1000. 11/19/2001 Associates Financial Services

Cleveland

TN

11395 11/01/2001 B&R

$500.

Home Pointe Mortgage, Inc.

Chamblee

GA

11555 11/05/2001 UL

$2000. 12/03/2001 Paxton Financial Services, Inc.

Woodstock

GA

11586 11/08/2001 FEE

$1000.

Unicor Funding, Inc.

Mission Viejo

CA

11784 11/08/2001 FEE

$1000.

SunTrust of Chattanooga Mortgage

Chattanooga

TN

11801 11/08/2001 FEE

$1000.

EQ Financial, Inc.

Lombard

IL

11828 11/08/2001 FEE

$1000.

Foundation Funding Group, Inc.

Tampa

FL

11839 11/08/2001 FEE

$1000.

Advanta Finance Corp.

San Diego

CA

11882 11/08/2001 FEE

$1000.

PinnFund, USA

Carlsbad

CA

11888 11/08/2001 FEE

$1000.

TransLand Financial Services, Inc.

Maitland

FL

11910 11/08/2001 FEE

$1000.

Interbank Funding Group

San Diego

CA

11931 11/08/2001 FEE

$1000.

NuMax Mortgage Corporation

Germantown

MD

12095 11/08/2001 FEE

$1000.

Title West Mortgage, Inc.

Woodland Hills

CA

12121 11/08/2001 FEE

$1000.

Associates Housing Finance, LLC

Irving

TX

12299 11/08/2001 FEE

$1000.

California Mortgage Service

Santa Ana

CA

12520 11/08/2001 FEE

$1000.

Security Mutual Financial Services,

Birmingham

AL

12537 11/08/2001 FEE

$1000.

Heller Small Business Lending Corp Chicago

IL

12659 11/08/2001 FEE

$1000.

United National Mortgage, LLC

New Windsor

NY

12745 11/08/2001 FEE

$1000. 11/26/2001 Mortgage Bankers Service Corp.

Coral Springs

FL

12748 11/08/2001 FEE

$1000.

Washington Mortgage Services, Inc. Federal Way

WA

12789 11/08/2001 FEE

$1000.

Metropolitan Mortgage Co.

Tucker

GA

12881 11/08/2001 FEE

$1000.

First National Funding Corporation of Rochelle Park

NJ

13051 11/08/2001 FEE

$1000.

First Chicago NBD Mortgage

Indianapolis

IN

13060 11/08/2001 FEE

$1000.

A.W. Mortgage, L.P.

Roswell

GA

13091 11/08/2001 FEE

$1000. 11/16/2001 Dana Capital Group, Inc.

Lake Forest

CA

13328 11/08/2001 FEE

$1000.

LoansDirect, Inc.

Huntington Beach

CA

13352 11/08/2001 FEE

$1000.

Century Financial Group, Inc.

Irvine

CA

13372 11/08/2001 FEE

$1000.

American Mortgage Capital, Inc.

Plantation

FL

13453 11/08/2001 FEE

$1000.

Stuart-Wright Mortgage, Inc.

La Palma

CA

13470 11/08/2001 FEE

$1000.

Capstone Mortgage Corporation

Oak Park

MI

FINES ASSESSED IN NOVEMBER 2001

ID#
13595 13656 13822 13931 14103 14394 14394 14394 14545 14570 14572 14628 14863 14900 14931 14940 15184 15288 15340 15383 15383 15418 15441 15452 15492 15516 15566 15583 15667 15668 15708 15709 15710 15781 15847 15860 15993 15993 15993 15993 15993 15993 15993 15993 15993 16014

ISSUE DATE
11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/16/2001 11/16/2001 11/16/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/13/2001 11/13/2001 11/08/2001 11/08/2001 11/08/2001 11/19/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/08/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/28/2001 11/08/2001

FINE REASON
FEE FEE FEE FEE FEE B&R B&R B&R FEE FEE FEE FEE FEE FEE FEE FEE FEE FEE FEE B&R B&R FEE FEE FEE FILE FEE FEE FEE FEE FEE FEE FEE FEE FEE FEE BR 1013 OTH EMP UL BR BR B&R B&R FILE FEE

FINE
$1000. $ 1,000
$1000. $1000. $1000.
$500. $500. $500. $1000. $1000. $1000. $1000. $1000. $1000. $1000. $1000. $ 1,000 $1000. $1000. $500. $500. $1000. $1000. $1000. $500. $1000. $1000. $364. $1000. $1000. $1000. $1000. $1000. $1000. $1000. $250. $1000. $3000. $1000. $1000. $250. $250. $500. $500. $500. $1000.

PAID DATE

COMPANY NAME

CITY

ST

U.S. Mortgage Corp.

Pine Brook

NJ

Western Thrift & Loan

Reno

NV

Deere Credit, Inc.

Johnston

IA

Paragon, Inc.

Charlotte

NC

Charter Capital Services, Inc.

Macon

GA

Lifestyle Mortgage, LLC

Alpharetta

GA

Lifestyle Mortgage, LLC

Alpharetta

GA

Lifestyle Mortgage, LLC

Alpharetta

GA

Columbia Equities, LTD.

Tarrytown

NY

FTM Mortgage Company

Camden

NJ

First Financial Equities, Inc.

Englewood

NJ

Parkway Mortgage, Inc.

Kenilworth

NJ

Firstplus Bank

Tustin

CA

Pulaski Mortgage Company

Little Rock

AR

Equity Unlimited Company

Atlanta

GA

RBMG Servicing

Columbia

SC

Approved Federal Savings Bank

Duluth

GA

Advanta Bank Corp.

Draper

UT

Homefn Mortgage Corporation

Colton

CA

Century Home Mortgage Corporation Marietta

GA

Century Home Mortgage Corporation Marietta

GA

American Skycorp, Inc.

Timonium

MD

Mortgage Network, Inc.

Danvers

MA

Rusty Rose, Inc.

Miami

FL

Statewide Mortgage & Financial

Fayetteville

GA

Cobb Housing, Inc.

Marietta

GA

StarNet Mortgage, Inc.

Dallas

TX

Mortgage Now, Inc.

Brooklyn Heights

OH

LoanGenie.com, Inc.

Irvine

CA

Silvergate Bank

La Mesa

CA

Senior Homeowners Financial

Ft. Lauderdale

FL

Equistar Financial Corporation

St. Petersburg

FL

Eagle Mortgage Services, LLC

Stockbridge

GA

American Financial Resources, Inc.

Phoenix

AZ

Nationwide Residential Capital, LLC Santa Ana

CA

HomeSouth Lending, Inc.

Roswell

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Suzanne Irene Jordan

Winterville

GA

Absolute Wholesale Mortgage, LLC

Honolulu

HI

FINES ASSESSED IN NOVEMBER 2001

ID#

ISSUE

DATE

FINE

FINE

REASON

PAID DATE

COMPANY NAME

CITY

ST

16025 11/08/2001 FEE

$1000.

First Beneficial Mortgage Corporation Charlotte

NC

16035 11/08/2001 FEE

$1000.

1st Republic Mortgage, Inc. (New

Floral Park

NY

16040 11/08/2001 FEE

$1000.

Professional Consolidated Financial Lawrenceville

GA

16057 11/14/2001 B&R

$500.

Intermax Mortgage, LLC

Norcross

GA

16057 11/14/2001 B&R

$500.

Intermax Mortgage, LLC

Norcross

GA

16057 11/14/2001 BR

$250.

Intermax Mortgage, LLC

Norcross

GA

16095 11/08/2001 FEE

$1000.

Available Mortgage Funding, LLC

Dallas

TX

16118 11/19/2001 OTH

$1000. 12/06/2001 First Integrity Mortgage Corporation

Atlanta

GA

16118 11/19/2001 B&R

$500. 12/06/2001 First Integrity Mortgage Corporation

Atlanta

GA

16131 11/08/2001 FEE

$1000. 12/04/2001 Interland Associates, Inc.

Savannah

GA

16147 11/08/2001 FEE

$1000.

HomeSouth Mortgage Services, LLC Hiram

GA

16258 11/08/2001 FEE

$1000.

Home Mortgage, Inc

Chicago

IL

16313 11/16/2001 B&R

$500.

PSE Group, Inc.

Acworth

GA

16313 11/16/2001 B&R

$500.

PSE Group, Inc.

Acworth

GA

16313 11/16/2001 FILE

$500.

PSE Group, Inc.

Acworth

GA

1099 B&R BR CD CIC EMP FEE FEL

FINE REASON

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