Monthly summary of mortgage activities, Aug. 2003

Monthly Summary of Mortgage Activities
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565
FOR THE PERIOD ENDING AUGUST 2003
SUMMARY OF ACTIVITIES - MORTGAGE DIVISION WEBSITE: www.dbf.state.ga.us
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**ANNOUNCEMENTS**
RETIREMENTS AND APPOINTMENTS
Governor Sonny Perdue has appointed David G. Sorrell as Commissioner of Banking and Finance to serve the remainder of the previous term ending on January 20, 2004, and a four year term to commence thereafter. David G. Sorrell began his career with the Department in 1974 as an examiner in northeast Georgia. Mr. Sorrell served as acting commissioner in January 2002, when his predecessor, Steven Bridges, retired.
It has recently been announced that Deputy Commissioner for Mortgage Robley Rigdon plans to retire prior to yearend. In order to provide for a smooth and orderly transition, Robert M. Braswell has been appointed as the Department's new Deputy Commissioner for Mortgage. Rob Braswell has served as District Director in the Department's Northwest examination district (District 1) since October 1997. In this capacity, he has had responsibility for the direct supervision/examination of state-chartered banks, credit unions and holding companies encompassing the northwest area of the State. Rob began his career with the Department in 1984 as an Assistant Financial Examiner. He served as Supervisory Examiner in District 1 for four years prior to becoming District Director, and is well qualified for this new challenge in the Mortgage Division.
In addition, Drexel Beck, former Director for Mortgage Supervision, retired after 30 years of service with the Department effective September 1, 2003. Sandra L. Sheley, who previously served as Supervisory Examiner in the Department's Northwest examination district, has been appointed as Director of Mortgage Supervision. Ms. Sheley oversees the examination function of the Mortgage Division.
Melinda G. Kinard serves as the Director of Mortgage Licensing and is responsible for the processing of new and renewal license applications.
RESPONSIBILITY FOR GEORGIA FAIR LENDING ACT (GAFLA)
Most licensees claim their intent is NOT to make high cost loans. ALL CREDITORS are responsible for testing loans to prove loans are not high cost loans. Please remember to do your test and put a copy in the loan file to prove you are not making high cost loans. You are a creditor if you are a processor, loan officer, broker or lender. Some brokers have never tested their loans because they rely on their lender, and some brokers have stopped testing their loans because the lender does not require them to test anymore. This reliance on the lender's calculation or advice should not occur. Creditors, as noted, are responsible for their compliance with GAFLA and

should make their own calculations of the APR and Points and Fees to determine if the loan is or is not a high cost loan. Do not rely on others to do this for you because their test cannot protect you in a court of law.
NOTE: High cost loans are not prohibited. They may be made as long as they meet the requirements of GAFLA.

GEORGIA FAIR LENDING ACT - CHOICE OF ATTORNEY
The Georgia Fair Lending Act (GAFLA) allows attorneys' fees to be excluded from points and fees calculations if the borrower has the right to select the attorney from an approved list or otherwise. However, it should be noted that Department examiners have been instructed to include attorneys' fees in points and fees calculations if the licensee does not have documentation signed by the borrower indicating that the borrower had a choice in attorney. Therefore, it is in the best interest of the licensee to have this documentation in hand to prevent such attorney fees from being included in points and fees calculations and inadvertently creating a high cost loan or violating GAFLA.

VERIFYING LICENSED ENTITIES
Rule 80-11-4-.05 of the Mortgage Division Rules states, in part, that it is the licensee's responsibility to "know" that it is conducting business with a licensed entity.
You run the risk of conducting business with an unlicensed entity if you do not verify the license. The fine for "dealing with unlicensed persons" under Rule 80-11-3-.01 (4) is $1,000 per transaction and your license shall be subject to suspension or revocation. Anyone who purchases, sells, places for processing or transfers a mortgage loan or loan application to or from a person who is required to be licensed but is not properly licensed will be fined.
You can check the license status of any licensee by going to the Department's web site at http://www.ganet.org/dbf/mortgage.html . From there you can check by entering the Licensee's name, license number, or city, or leave the selection box blank and you will get a complete listing of licensees. There is also an option to download the entire list into an Excel spreadsheet.

FINAL REGULATIONS Adopted July 28, 2003

Pursuant to the authority granted in O.C.G.A. 7-1-1012, and other sections, and according to the provisions of the Georgia Administrative Procedures Act, O.C.G.A. 50-13-1 et. seq., changes to the rules of the Department of Banking and Finance were adopted on July 28, 2003. These became effective August 17, 2003.

A copy of the rules can be found on the Department's web site at:

http://www.gadbf.org/pdfdoc/GRMAMtgRules2003.pdf
A synopsis and purpose precede the rule changes, with background information and explanation where applicable. Please download and review a copy of the changes to these regulations.

Some of the more significant changes involve:

!

Increase in licensing and renewal fees - $500 Broker, $1,000 Lender (note this is the first increase in the

licensing/renewal fee in the 10 year existence of GRMA).

!

Changes to Administrative fines, particularly hiring of felons raised to $5,000.

!

Reporting procedures for GRMA Per Loan fees.

!

Clarification of the definition of what is or is not a branch.

!

Clarification of the definition of covered employees and responsibilities and requirements by employers

for covered employees.

!

Definition of Loan Processors as Brokers.

Other changes were made and we recommend that you review all of the changes to ensure your company is in compliance with any applicable changes. A copy of the revised Mortgage Division Rules incorporating these changes is available at http://www.ganet.org/dbf/mortgage_forms.html. Click on the drop-down box for GRMARegulations.

BACKGROUND CHECKS - REQUIREMENTS AND FREQUENCY
The Georgia Residential Mortgage Act (GRMA), O.C.G.A. Section 7-1-1004 (d), prohibits a licensee from employing convicted felons who have not previously sought and obtained the remedies provided for in the Code, such as a pardon or the successful completion and documentation of probation under a first offender statute. In addition, Code Section 7-1-1004 (f) requires all licensees to conduct background checks on their covered employees, as defined in that same code section, to adequately determine existing and potential employees' criminal histories.
Please note: Code Section 7-1-1004 (f) also requires that such background checks be handled by the Georgia Crime Information Center pursuant to Code Section 35-3-34 and the rules and regulations of the Georgia Crime Information Center. Several licensees have recently utilized private companies to perform background checks and have unnecessarily subjected their licenses to fines and revocation.
Many licensees have asked how often this background check needs to be performed, as neither the GRMA nor the Department's Rules addresses frequency or requires that a licensee run criminal background checks periodically after the initial employment check. The Department has consistently held that a licensee should do follow-up background checks no less frequently than every 24 months, unless the licensee has reason to believe there is a need to review an individual's criminal background record more frequently. In doing so a licensee would demonstrate "due diligence" on their part in that they do not have in their employ a felon who received their conviction after hiring.
In such a case, a licensee who periodically runs employment background checks and who subsequently discovers that they have a felon on staff, and the felony occurred after the initial hiring would, in most circumstances, be assessed a fine for the violation and issued a cease and desist order to preclude future violations of this law if they took immediate steps to correct the violation, but in most cases would not be subject to revocation of their license.
However, revocation could occur if an employer 1) knew, or 2) should have known (based on information received, prolonged absence from work, etc.), that an employee had a subsequent felony conviction but allowed the individual to remain on staff and did not take the appropriate and timely action to correct the violation.
LOAN PROCESSORS
BEGINNING OCTOBER 1, 2003, INDEPENDENT LOAN PROCESSORS WILL BE REQUIRED TO BE LICENSED AS MORTGAGE BROKERS IN ORDER TO PROCESS GEORGIA RESIDENTIAL MORTGAGE LOANS.
Licensees please make sure that your processor has a valid license or is an exclusive W-2 employee of your company.
License Applications for loan processors to obtain a Georgia mortgage broker license are available on the Department's website, www.state.ga.us/dbf.

Mortgage brokers and mortgage lenders who currently utilize the services of an independent loan processor will be required to verify that the independent loan processor is properly licensed. After October 1, 2003, mortgage brokers and mortgage lenders who continue to utilize the services of independent loan processor who is not properly licensed will be fined $1,000 per loan processed in violation of the Georgia Residential Mortgage Act and their license shall be subject to suspension or revocation [Rule 80-11-3-.01 (4)].
Loan processors who work exclusively for a single mortgage broker or mortgage lender, or who work for a licensed mortgage processing company, and who are supervised on a daily basis by that mortgage broker or mortgage lender or mortgage processor and who are compensated on a W-2 basis or who otherwise qualify for the employee exemption in Section 7-1-1001 (11) O.C.G.A. will not be required to be licensed.
Independent loan processors who wish to be licensed and continue to process Georgia residential mortgage loans will be required to meet all licensing requirements necessary to obtain a mortgage broker license. These requirements will include proof of required education, criminal background history, surety bond, satisfactory credit history, use of allowed business name, proper registration of incorporation and trade names, etc.
Approval of the license application will take approximately 10 to 12 weeks; however, some applications will take longer to approve. Applicants should be fully aware of this processing time to avoid possible delays in their ability to conduct business.
CAUTION:
License number 6127 issued to Benjamin Davis expired on July 1, 2003. A license was mailed to Mr. Davis prematurely which is no longer valid.
E-MAILING THE DEPARTMENT
The Department would like to encourage you to correspond with us using e-mail.
Providing written details in the e-mail regarding any questions or concerns you may have allows the Department to forward the request to the appropriate person who handles that area, and if sufficient details are provided in the request, that person can then more efficiently provide you an answer.
The e-mail address is dbfmort@dbf.state.ga.us
A detailed message which will be distributed to the proper individual will help us help you. In the event you still need additional information, please contact us by phone.
MORTGAGE APPLICATION
The Mortgage Division has revised several application forms including Change In Management, Change In Address, and Change In Control. Please refer to the following website to review the current forms: http://www.ganet.org/dbf/mortgage_forms.html .
DISTRIBUTING THE MONTHLY SUMMARY
The Monthly Summary of Mortgage Activities is E-mailed each month to licensees. The Department requests that all licensees provide the Department a valid E-mail address in order to receive the Monthly Summary each month in a timely manner. For all other licensees, the Monthly Summary is 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 E-mail 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/
FRAUDULENT CEASE AND DESIST ORDER
On August 12, 2003 the Department received notice that a fraudulent document was being circulated alleging that American Mortgage Investors Corporation, 1270 Winchester Parkway, Smyrna, Georgia was the subject of a Cease and Desist Order and that this company was an entity unauthorized to do business in the State of Georgia.
Please be advised that this document is a fraudulent and unauthorized document and that it was not originated by the Department of Banking and Finance. The information contained in this document; that this entity is unauthorized to do business in the State of Georgia and that this entity is subject to a Cease and Desist Order is false. This entity is currently licensed to do business in the State of Georgia and is not subject to an administrative
action in the form of a Cease and Desist Order.
Fabrication of a false administrative action is a violation of civil and criminal statutes and the Department views such violations as a serious concern. Any individual with documentary evidence regarding the source of this fraudulent documentation is asked to contact the Department of Banking and Finance with this information.
If there are any additional questions regarding these issues please contact the Deputy Commissioner for Mortgage, Rob Braswell, at (770) 986-1371 or via e-mail at robertb@dbf.state.ga.us.
CEASE AND DESIST ORDERS - Issued
A + Capitol Mortgage Services, Inc.(license no. 16255) Macon, GA - Cease and Desist Order issued 07-21-03 and became final on 08-20-03.
Anointed Services, Inc. (license no. 16286) Covington, GA - Cease and Desist Order issued 08-07-03 and became final on 08-27-03.
Atlantic Housing Group, Inc. (license no. 14316) Suwanee, GA - Cease and Desist Order issued 08-18-03 and became final 08-24-03.
Atlantic South Mortgage, Inc. (license no. 6868) Alpharetta, GA - Cease and Desist Order issued 08-01-03 and became final 08-31-03.
Boyd, Terrell D., Fayetteville, GA - Cease and Desist Order issued 07-02-03 and became final 08-02-03.
Green, Charles Philip, Grovetown, GA - Cease and Desist Order issued 07-30-03 and became final 08-29-03.
Peach City Mortgage, Inc. (license no. 15532) College Park, GA - Cease and Desist Order issued 07-02-03 and became final 08-12-03.
Square One Mortgage, LLC (license no. 13087) Lithonia, GA - Cease and Desist Order issued 07-28-03 and became final 08-22-03.
Scarlett Michelle Jones dba Tara Mortgage Company (license no. 17880) Dublin, GA - Cease and Desist Order issued 07-16-03 and became final 08-14-03.
Tamara Smith-Hicks dba Tri City Mortgage (license no. 5754) Columbus, GA - Cease and Desist Order issued 0728-03 and became final 08-22-03.
Your Best-Rate Financial, LLC (license no. 15697) Atlanta, GA - Cease and Desist Order issued 07-22-03 and became final 08-11-03.

CEASE AND DESIST ORDER - Lifted
Susan Chung, Norcross, GA - Cease and Desist Order issued 05-14-03 was LIFTED on 09-04-03.
FINAL CONSENT ORDER
On August 1, 2003, the Department entered a Consent Order with Southern Mortgage Investments, Corp., license #13434 whereby the Department agreed to rescind the Notice of Intent to Revoke Annual License.

FINES ASSESSED IN AUGUST 2003

ID#

ISSUE

DATE

FINE

PAID DATE

COMPANY NAME

CITY

ST

5811

08/13/2003

$500.

MortgageStar, Inc.

Bethesda

MD

6651

08/12/2003

$20000.

Federated Home Mortgage, Inc.

Alpharetta

GA

6651

08/26/2003

$70000.

Federated Home Mortgage, Inc.

Alpharetta

GA

6663

08/12/2003

$5000.

American Mortgage Exchange, Inc.

Norcross

GA

7385 7385 7385 7385

08/27/2003 08/27/2003 08/27/2003 08/27/2003

$500. $500. $500. $1000.

City Market Mortgage, Inc. City Market Mortgage, Inc. City Market Mortgage, Inc. City Market Mortgage, Inc.

Savannah

GA

Savannah

GA

Savannah

GA

Savannah

GA

11321

08/28/2003

$500.

Lastinger Mobile Homes, Inc.

Dublin

GA

11321

08/28/2003

$500.

Lastinger Mobile Homes, Inc.

Dublin

GA

11321

08/28/2003

$500.

Lastinger Mobile Homes, Inc.

Dublin

GA

11321

08/28/2003

$500.

Lastinger Mobile Homes, Inc.

Dublin

GA

11729

08/28/2003

$1000.

Mortgage Maker, Inc. (The)

Marietta

GA

15272

08/29/2003

$500.

Turner Mortgage Company, LLC

Dublin

GA

15272

08/29/2003

$500.

Turner Mortgage Company, LLC

Dublin

GA

15272

08/29/2003

$500.

Turner Mortgage Company, LLC

Dublin

GA

15697 16769 16769 16861

08/11/2003 08/28/2003 08/28/2003 08/19/2003

$5000. $500. $500. $250.

08/26/2003

Your-Best-Rate Financial, LLC Community Home Loans, LLC Community Home Loans, LLC Home Services Financial, LLC

Atlanta

GA

Smyrna

GA

Smyrna

GA

Chattanooga

TN

16861 16886 16886 17346 173

08/19/2003 08/29/2003 08/29/2003 08/28/2003

$250. $2000.
$500. $2000.

Home Services Financial, LLC New Horizon Mortgage, Inc. New Horizon Mortgage, Inc. Chastain Financial Group, LLC

Chattanooga

TN

Norcross

GA

Norcross

GA

Marietta

GA

G

FINE REASON
2 licensees fined for prohibited acts 9 licensees fined for books & records 1 licensee fined for unapproved branch 1 licensee fined for unapproved branch manager 7 licensees fined for loan files not properly maintained 2 licensees fined for doing business with unlicensed entity 2 licensees fined for doing other miscellaneous activites 1 licensee fined for GAFLA violation

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SUSPENDED, WITHDRAWN OR DENIED IN AUGUST 2003

ID#
5659 5754 5797 6254 6311 6432 6574 6587 6871 7009 7110 7284 11387 11600 11927 12033 12180 13087 14316 14845 15514 16255 17880

NAME
SOUTHTRUST MORTGAGE TRI CITY MTG REGIONS MTG INC TRUSTMARK NATL BK CB&T BK RUSSELL CO ALLEGACY FCU BRIARWOOD FINL SVCS LLC FIFTH THIRD MTG CO SYNOVUS MTG CORP NBANK MTG CO IRWIN UNION B&T CO SUNTRUST PERSONAL PROVIDENT BANK (THE) MIAMI VALLEY BK CNB NATL BK GREAT LAKES CU XEROX FED CREDIT UNION SQUARE 1 MTG LLC ATLANTIC HOUSING GRP INC NATL BK CORNERSTONE CMTY BK A+ CAPITOL MTG SVCS INC TARA MTG CO

CODE
RD BD RD RD RD RD RD RD RD RD RD RD RD RD RD RD RD BD BD RD RD BD BD

REVOKED

EXPIRED

SUSPENDED

08/22/2003

08/22/2003 08/24/2003
08/20/2003 08/14/2003

WITHDRAWN
08/11/2003
08/01/2003 08/28/2003 08/26/2003 08/28/2003 08/11/2003 08/11/2003 08/11/2003 08/11/2003 08/26/2003 08/11/2003 08/28/2003 08/28/2003 08/26/2003 08/27/2003 08/28/2003
08/28/2003 08/26/2003

DENIED

TOTAL: 23

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN AUGUST 2003

ID# COMPANY NAME

5888 6046 7012 12688 17368 17001 18372 18410 18436 18448 18459

Household Realty Corp. # Beneficial Mtg Co. of GA # Household Finl Svcs, Inc. # Decision One Mtg Co., LLC # Homestar Finl Corp * United States Mtg & Finance * Frances E. Shepherd Middle GA Mortgage, Inc. Cornerstone Lenders, LLC UBS Warburg Real Estate American Dream Mortgage, Inc.

CITY

ST

PROSPECT HEIGHTS IL PROSPECT HEIGHTS IL

PROSPECT HEIGHTS IL

PROSPECT HEIGHTS IL

GAINESVILLE

GA

ATLANTA

GA

CARTERSVILLE

GA

MACON

GA

CORDELE

GA

NEW YORK

NY

LAWRENCEVILLE

GA

MB CODE
R R R R L L B B L L B

ORIGINAL APPROVAL
06/19/1993 06/21/1993 09/30/1994 07/11/1997 06/14/2002 02/08/2002 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003

RENEWAL
08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003

REINSTATED

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN AUGUST 2003

ID# COMPANY NAME

CITY

18490 18493 18534 18540 18558 18576 18241 18411 18482 18507 18536 18571 18578 18579 18580 18582 18586 18587 18589 18591 18600 18603 18609 18610 18613 18614 18615 18624
6253 6568 18383 18542 18543 18549 18551 18556 18562 18584 18588 18590 18616 18619 6073 7233 13975 18402 18483 18554 18611 18631

Liberty Mortgage & Assistance, Equix Financial Services, LLC Bay Capital Corp. Georgia Funding Network, LLC Single Source Mortgage of Richard Spencer Waddell, III Jacqueline D. Jones Executive Home Lending, LP SunCoast Mortgage Group, LLC Gladys Felton-Upton Eugene Melvin Miller Archie Kevin Smith George Francis Hogan Carolyn F. Hugley Craig Alton Crump Luke P. Weaver Derek Hutcheson Linda E. Curington Pamela H. Roehl John E. Davis Advantage Financial Services Integrity Discount Mortgage, Inc. Magellan Harbor Lending, LLC Walter B. Kyte Gina DeAnne Shirley Rajan M. Doshi Derrick Wayne Lipscomb Dividend America, LLC Washington Mutual Fin # CitiFinl Svcs, Inc. (TN) # New City Mortgage Company F T Mortgage Company, LLC Estate One Mortgage Corporation Son T. Nguyen Classic Home Mortgage Co., Inc. Vickie Martin-Garrard Nexus Mortgage Inc. Patrick T. Springer John Scott Ralston Edward G. Arnett True Mortgage Corp. Consumer's Choice Mortgage, Morgan Stanley Dean #
Morgan Stanley DW, Inc. P
Lowry Mortgage Network * Thomas Nicholas Guckian WinStar Mortgage Partners, LLLP Sheron H. Wood Dwight Ivan Hannah HomeQuest Mortgage, Inc.

CONYERS MENOMONEE OWINGS MILLS NORCROSS GAINESVILLE COLUMBUS LEESBURG EDISON ATLANTA FAYETTEVILLE ATLANTA STONE MOUNTAIN ALPHARETTA COLUMBUS MARIETTA JACKSON EASTMAN ASHBURN SUMMERVILLE MARIETTA OOLTEWAH CUMMING LAWRENCEVILLE FORSYTH MABLETON MARIETTA WADLEY ATLANTA TAMPA BALTIMORE SUWANEE PAWLEYS ISLAND ALPHARETTA JONESBORO MACON FAYETTEVILLE ROSWELL SUWANEE ROSWELL CUMMING ALPHARETTA WOODSTOCK RIVERWOODS RIVERWOODS ATLANTA MARIETTA PLYMOUTH GRIFFIN COLUMBUS CUMMING

ST MB CODE

GA B WI B MD L

GA B GA B GA B GA B

NJ B GA L GA B GA B

GA B GA B GA B GA B

GA B GA B GA B GA B

GA B GA B GA B GA B

GA B GA B GA B GA B GA B

FL

R

MD R

GA B

SC B

GA B GA B GA B GA B

GA B GA B GA B GA B

GA B

GA B

IL

R

IL

R

GA L GA B MN L GA B

GA B GA B

ORIGINAL APPROVAL
08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 06/18/1993 07/29/1993 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 06/23/1993 06/23/1995 10/09/1998 08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003

RENEWAL
08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/01/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/08/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/15/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/22/2003

REINSTATED

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN AUGUST 2003

ID# COMPANY NAME

18633 18636 18637 18674 12243 13110 18309 18553 18632 18635 16172 16877 14715 17244 12662 12945 15290 12370

Power Mortgage Corporation Ruth C. Lawson 1st Security & Investment Group, Investment Interest, LLC Ohio Mortgage Co., Inc. * Buckhead Mtg Assoc * Sara Kathryn Powell Barbara W. Cochran Brightstone Mortgage, Inc. Mortgage Partners, Inc. Jefferson Mortgage Group, LTD Carter Insurance and Financial First Capital Mortgage & Reliant Mortgage Company, LLC Priscilla Anderson Rucker Wayne Frier Home Center of ABC Mortgage Services, Inc. Paul Ludwig Carrier

CITY
EAST POINT FLOWERY BRANCH WOODSTOCK SMYRNA BROOKLYN ROSWELL STONE MOUNTAIN MARIETTA ATLANTA NATIONAL CITY OAKTON DULUTH MARIETTA WAKEFIELD DOUGLASVILLE LIVE OAK AUGUSTA ALPHARETTA

ST MB CODE

GA B GA P GA B

GA L OH L GA L GA B

GA B GA B CA B VA L

GA B GA B MA L GA B

FL

B

GA B

GA B

ORIGINAL APPROVAL
08/22/2003 08/22/2003 08/22/2003 08/22/2003 03/28/1997 12/31/1997 08/29/2003 08/29/2003 08/29/2003 08/29/2003 11/17/2000 10/19/2001 05/28/1999 05/24/2002 07/11/1997 10/31/1997 01/07/2000 04/04/1997

RENEWAL
08/22/2003 08/22/2003 08/22/2003 08/22/2003 08/29/2003 08/29/2003 08/29/2003 08/29/2003 08/29/2003 08/29/2003 08/01/2003 08/01/2003 08/08/2003 08/08/2003 08/22/2003 08/22/2003 08/22/2003 08/29/2003

REINSTATED
08/01/2003 08/01/2003 08/08/2003 08/08/2003 08/22/2003 08/22/2003 08/22/2003 08/29/2003

TOTAL: 79

B = BROKER L = LENDER R = REGISTRANT

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