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