Monthly summary of mortgage activities, July 2005

Monthly Summary of Mortgage Activities
Georgia Department of Banking & Finance

Inside this Issue

2

Proposed Regulation Information

2

$6.50 Per Loan Fee Due

2

More Arrests Georgia Residential

Mortgage Fraud Act

2

Surety Bonds New Requirements

3

Licensee Advertising

3

More On-Line Applications

4

Consumer Publications

5

Administrative Actions and Issues

FOR THE PERIOD ENDING
July 2005
SUMMARY OF ACTIVITIES
MORTGAGE DIVISION
WEB SITE: www.state.ga.us/dbf STAFF: www.state.ga.us/dbf/staff.html

2990 Brandywine Road Suite 200
Atlanta, GA 30341 Phone: (770) 986-1269
Fax: (770) 986-1029

1

. . . . . . . . . . . . . . . . . . . ..

News Items
Proposed Regulation Comment Period Closed
As announced, the Department gave notice of its intent to adopt new and amended rules in the June, 2005 edition of the Mortgage Division Summary.
The comment period was closed as of July 29, 2005.
The Department will consider the proposed new rules for adoption at a meeting at 10:00 a.m. on Monday, August 15, 2005 at the offices of the Department of Banking and Finance at Suite 200, 2990 Brandywine Road, Atlanta, Georgia 30341. When adopted, the rules will be filed with the Secretary of State and will be effective 20 days following the date of filing.
Notice and a copy of the final rules adopted will be made available on our website at www/ganet.org/dbf/.
If you would like to see a copy of the rules as originally proposed, with a synopsis and purpose for each proposed rule, please see the information at:
http://www.state.ga.us/dbf/pd fdoc/SpecialBulletinPROPOSED{ MTG}_June2005_.pdf

$6.50 PER LOAN FEE DUE
$6.50 "per loan" fees for the first half of 2005 (January 1 through June 30) are now due. Payments must be received by the due date of September 1, 2005. Failure to pay fees owed by the due date can result in a fine of $1,000.
Please make these payments via ACH or credit card on line at the following web-site: https://bkgfin.dbf.state.ga.us/G RMAFee.html
Should you decide to pay by check, please complete the form on-line, print a copy and send it in with your check payment.

MORE ARRESTS-GEORGIA RESIDENTIAL MORTGAGE
FRAUD ACT

Gwinnett County arrested three more people in early August, 2005 under the Georgia Residential Mortgage Fraud Act.

Three persons were arrested and

charged in connection with an

alleged scheme in which the

owner was asking $449,000 for a

recently renovated home, on

which

mortgage

closing

documents had the appraised

value at $525,000. The seller

notified authorities after

noticing the increased loan

amount.

The

increase,

representing funds for additional

improvements to the property,

were for improvements which

would not fit onto the property.

Two of the three arrested were released on bail. The third party arrested was not granted bond

due to allegedly violating probation.
SURETY BONDS NEW REQUIREMENTS
As promised, we are back with a reminder regarding surety bonds, as well as information regarding qualifying for the bonds.
GRMA Requirements
Due to changes in the Georgia Residential Mortgage Act made in the 2005 legislative session, all licensees must now have a surety bond in place in order to meet the financial requirements for licensing. This means a bond (or letter of credit) in the amount of $50,000 for brokers and $150,000 for lenders. The bond must be on the Department approved bond form available from the website. The HUD approved broker/lender category no longer exists for any type of licensee.
For those lenders and HUD approved brokers who were still able to use their audited financials for the FY 2006 renewal period, please note that, when your existing audit expires, you must provide a qualifying surety bond to replace those audited financials.
If you fall into the expiring category noted above, you will receive a letter from the Department indicating that your audit is expiring and the bond is required. You may not submit new audited financials and maintain your license. Failure to provide a bond will result in the revocation of your existing license for failure to maintain the financial qualifications required for the license.

2

. . . . . . . . . . . . . . . . . . . ..

INSURER Requirements

The new requirement for all licensees to have a bond exposes insurers to potentially more risk in a narrow market, and therefore many of these bonding companies have chosen to tighten their underwriting and credit standards.

A review of the procedures utilized by some bonding companies indicates they have chosen to more closely analyze credit scores, outstanding liens and judgments, and the liquidity available in the financial position of the insured. Based on the bonding company's underwriting standards and analysis, licensees are then offered a rate plan, at which point they may then choose to accept or reject the insurance plan offered through that company. The rates offered may differ significantly from those through insurers who may not have similarly stringent underwriting standards.

These financial requirements are a business decision by the bonding company for protection of their business and/or that of the sureties with whom they work.

Should you wish to seek further

assistance or feel that you have

additional issues or concerns

with regard to the plan as

offered by a company, please

contact

the

Insurance

Commissioner's Office at (404)

656-2070 or email at:

inscomm@mail.oci.state.ga.us.

LICENSEE ADVERTISING
Many companies continue to advertise to would-be mortgage clients by using information regarding customer's existing loans or prior mortgages. Often the document makes it appear that there may be potential problems with the existing note or the payoff of an old note.
As previously noted, the use of such an advertisement continues to be alarming to the consumer and appears to mislead the consumer into thinking that there is a problem with these loans.
Such advertisements are in potential violation of Georgia Code Section 7-1-1016, which prohibits licensees from engaging in false, misleading, or deceptive advertising. Use of such advertisements is discouraged by the Department, particularly where other lenders are named in these documents.
Other Items
MORE ON-LINE APPLICATIONS
As announced last month, licensees are now able to enter location address changes for their main office and any approved / existing branch locations via the web.
Now on the website there are two additional options: 1) MAILING ADDRESS changes, and 2) existing BRANCH CLOSURES.

Section 7-1-1006 (e) requires licensees to notify the Department in writing of any change in the address of the main office or approved branches 15 days before the change in location is made. So to facilitate reporting and compliance with the Georgia Residential Mortgage Act, this on-line application has been provided.
Please make your main office or existing branch address changes, any change in mailing address, or note branch closures at: https://bkgfin.dbf.state.ga.us/M ortgageDocs/Relocation.html
This is a secure site requiring specific identifying information for the protection of your license information, consisting of your license number and either the principal's social security number, or the company's EIN, one of which was supplied by the licensee at application or renewal. One of these serves as the password.
Branch Manager Changes Excluded
If the branch change involves the installation of a new manager for a branch, then an approval application form for the new branch manager must be submitted, along with supporting documentation as noted in that application. The APPLICATION FOR APPROVAL OF BRANCH MANAGER form is available at the following website address:
http://www.state.ga.us/dbf/pdf doc/BrnMgrChg_R0705.pdf
A new manager may be placed into a branch prior to approval, but the application form must be filed with the Department within

3

. . . . . . . . . . . . . . . . . . . ..

15 days of placement, and the manager must be removed if the Department denies approval.

You may enter the change of address for an existing branch which also involves the installation of a new manager and then submit the manager approval form. However, if you are opening an entirely new branch, you must complete the APPLICATION TO ESTABLISH ADDITIONAL OFFICE(S), which also includes the approval for the new branch manager. Please download the application from the web.

We encourage you to take

advantage of these new on-line

applications. They save time,

paper, prevent transcription

errors, and ensure that the

correct

information

is

maintained for your license.

More on-line functions are coming: Notification changes, fingerprint card request forms, and pending application status.

For other brochures, particularly information on lock-ins and settlement costs, please see the brochures listed at: http://www.state.ga.us/dbf/con sumer_other.html
Visit us on the Web:
www.state.ga.us/dbf

CONSUMER PUBLICATIONS

The Department has a website

providing

guidance

for

consumers. It contains links to

information compiled by both

the Department and other

regulatory agencies.

As noted last month, important information is available regarding Interest Only Mortgages. To view the article, go to :

http://www.state.ga.us/dbf/con sumer_dbf.html

4

. . . . . . . . . . . . . . . . . . . ..

Administrative Actions and Issues
CEASE AND DESIST ORDERS Issued
A Better Rate Mortgage of Georgia, Inc. Grayson, GA (license 14160) Cease and Desist Order issued May 26, 2005 became final on July 1, 2005.
Advantage Mortgage Services, LLC , Stone Mountain, GA (license no. 17210) Cease and Desist Order issued June 27, 2005 became final on July 20, 2005.
Chau, Alicia T., Doraville, GA (license no. 12013) Cease and Desist Order issued June 1, 2005 became final July 1, 2005.
Classic Lending Group, Inc., Chamblee, GA (license no. 17794) Cease and Desist Order issued June 27, 2005 became final July 24, 2005.
Community Mortgage Brokers, Inc., Statesboro, GA (license no. 18371) - Cease and Desist Order issued June 28, 2005 became final July 27, 2005.
EMMCO, LLC, Lexington, SC (license no. 18249) Cease and Desist Order issued June 14, 2005 became final July 13, 2005.
First American Mortgage Group, Inc., West, Point, GA (license 18060) - Cease and Desist Order issued June 30, 2005 became final on July 27, 2005.
Homes 4 U, Inc., Jonesboro, GA (license no. 12681) Cease and Desist Order issued July 5, 2005 became final July 31, 2005.
Howard, Carl Dean, Atlanta, GA (license 7073) - Cease and Desist Order issued June 1, 2005 became final on July 1, 2005.
InTown Financing, Inc., Atlanta, GA (license no. 17325) Cease and Desist Order issued June 28, 2005 became final on July 27, 2005
Mortgage South, Inc, Marietta, GA (license no. 5982) Cease and Desist Order issued May 27, 2005 became final on July 1, 2005.
Parker/Wilson, Mary, Powder Springs, GA Cease and Desist Order issued June 29, 2005 became final on July 19, 2005.
_____________________________________________________________________________________
CEASE AND DESIST ORDERS Lifted None

5

. . . . . . . . . . . . . . . . . . . ..

FINAL CONSENT ORDERS Issued ARK-LA-TEX Financial Services, LLC, Dallas, TX - Consent Order issued July 28, 2005, became final on July 28, 2005.
SUPERIOR COURT INJUNCTIONS None

FINE PUBLICATION
Information regarding fines assessed against a specific licensee and against whom there are no pending administrative actions, is available on an individual licensee basis by submitting a written request to the following e-mail address: dbfmort@dbf.state.ga.us

2 Licensees fined for Advertising Violations 1 Licensee fined for Background Checks
violations 1 Licensee fined for failure to respond to a
a Consumer Complaint 1 Licensee fined for Employment of a Felon

FINE REASON
1 Licensee fined for Insufficient Funds 1 Licensee fined for Loan Files not properly maintained 2 Licensees fined for Miscellaneous Other 1 Licensee fined for Prohibited Act 1 Licensee fined for Doing business w/ Unlicensed Entity

________________________________________________________________________________________________________

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
5616 5686 5878 5961 5982 6142 6199 6286 6651 6796 6869 7073 7077 7113 7352

NAME
VANTAGE MTG CORP COMMERCE EQUITY MTG MTG SOLUTIONS INC. MTG INFORMATION SVCS MTG S INC PETERMAN, SANDRA D. INVEST AMERICA MTG GEN MTG CORP AMER FEDERATED HM MTG INC GA HM FUNDING INC LUTZ, JOAN CAUDLE HOWARD, CARL DEAN OMNI MTG GRP INC SERVICE 1ST MTG INC PERIMETER MTG FUNDING

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

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN

DENIED

6

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
7358 7383 7409 7431 7468 11394 11514 11544 12013 12121 12261 12366 12397 12424 12546 12660 12662 12681 12709 12746 12916 12926 12972 13002 13204 13206 13244 13303 13382 13395 13488 13631 13689 13694 13726 13774 13936 13991 14122 14160 14216 14238 14248 14325 14339

NAME

CODE

DRIFTWOOD MANUFACTU

BD

SUNSET CARSON HOUSING BD

AMC MTG & CREDIT SVCS

BD

GA PORCH & PATIO ROOMS BD

RELIANCE MTG INC

BD

C&H HOUSING INC

BD

KALB, NORMAN CHARLES JR BD

1ST EQUITY MTG SVCS INC

BD

CHAU, ALICIA T

BD

ASSOC HOUSING FIN LLC

LD

TAYLOR, CAROLYN ABRAMS BD

BANCORPSOUTH

RD

MID-STATE FINL CORP

BD

WEISSMAN, HAROLD C

BD

GA LENDING & INV INC

BD

SHAPPLEY, WALTER TELL

BD

RUCKER, PRISCILLA A

BD

HOMES 4 U INC

BD

JAMES, FRANKIE MAE

BD

OCEAN W ENTERPRISES

LD

FLEETWOOD RETAIL CORP BD

FRISCHKORN, ROBERT E

BD

ANGLIN HOUSING CORP

BD

LAKESIDE FINL CORP

BD

SOUTHERN HERITAGE HMS

BD

IFNOCSTER, RIC

BD

R&D GRAIN & TRADING CO

BD

JOWERS, RICHARD H

BD

FULLARD, WAYDE E

BD

CONTINENTAL MTG SVCS

BD

EPPS, HARDING JR

BD

RIGHT CHOICE MTG CORP

BD

LAMPLEY, STEPHANIE A

BD

THIGPEN, JOSEPH WILEY

BD

BLACKBURN, EDITH

BD

AMER FIDELITY INC

LD

MCKINNIE, THADDEUS L

BD

WYNN, VANESSA T

BD

1ST CMTY MTG CO INC

BD

A BETTER RATE MTG OF GA BD

BIXLER, BRADLEY S.

BD

AMER FUNDING INC

BD

WILLIAMS, SOLEN

BD

PHILLIPS JOE E

BD

SURIANO, PAMELA L

BD

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-31-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN 07-12-2005

DENIED

7

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
14374 14439 14460 14576 14616 14664 14684 14707 14715 14842 14869 14886 15015 15105 15118 15128 15158 15276 15303 15323 15372 15436 15630 15634 15687 15705 15709 15712 15811 15815 15826 15871 15883 15890 15905 15908 15948 15976 15996 16003 16004 16064 16172 16217 16251

NAME

CODE

STEWART, DAMIEN

BD

ESTES, NANCY C

BD

BOGLE-PURNSLEY, WANDA BD

SKYE MTG LLC

BD

ATHENA FINL INC

BD

DRIVER, VICKIE W

BD

RESOURCE ONE MTG GRP

BD

SERVICE FIRST MTG LC

LD

1ST CAP MTG & ASSOC INC

BD

HENRICK, AMY L

BD

DAVIS, NATHANIEL

BD

EXPRESS CAP LENDING

LD

MADISON, MICHAEL

BD

P&R MTG SVCS INC

BD

TWELVE OAKS MTG

BD

AIG CENTRE CAP GRP INC

LD

W HM SVCS

BD

JOHNSON, EVELYN

BD

JONES, HOWARD

BD

MARSHALL, ROSE MARY A

BD

BRAVO, CLAUDIA C

BD

MOORE, JOHN P

BD

JOHNSON, ANDREW

BD

GILBERT, G H

BD

LONG, DEBRA ANN

BD

STOVALL, THOMAS

BD

EQUISTAR FINL CORP

LD

ROSSI, JAMES M

BD

POWERS, DONALD P

BD

JOHNSON, MICHELLE R

BD

TANNER, JOHN W III

BD

LEVY, SUSAN M

BD

HANZELIK, FRED T

BD

SCOTT, DEBRA D

BD

EMERICH, RONALD E

BD

COLE, ROBERT H

BD

TATMAN, MILTON E JR

BD

BUSH, SARAH E

BD

SMITH, LINDA S

BD

PETTY, GEORGE W

BD

JACKSON, JIMMY l.

BD

PGNF HM LENDING CORP

LD

JEFFERSON MTG GRP LTD

LD

INNOVATIVE FINL SOLUTIO

BD

MOOSE MTG LLC

BD

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN

DENIED

8

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
16258 16299 16315 16342 16444 16445 16515 16552 16558 16646 16726 16727 16728 16830 16833 16868 16888 16902 16904 17001 17009 17038 17088 17125 17160 17202 17205 17210 17229 17263 17268 17325 17365 17386 17394 17396 17439 17449 17491 17501 17628 17663 17696 17709 17729

NAME

CODE

HOME MTG INC

LD

GREAT WORLD MTG INC

BD

LOAN PLACE INC

BD

MTG LENDING INFO.COM

BD

SIERRA PACIFIC MTG CO

LD

SATISFACTION & SVC

BD

INFINITY FINL NETWORK

LD

ARK LA TEX FINL SVCS LLC

LD

MOUNTAIN ST MTG CTRS

LD

RELIANCE FINL SERV INC

BD

GK CAP LLC

BD

METROPOLITAN MTG

BD

BURKETT, THOMAS

BD

JOHNALAN GRP MTG ASSOC BD

ROSE CITY MTG INC

BD

BELCHER, JANICE ELAINE

BD

KAISER-MCLEOD GRP INC

BD

MOYE, KEFFENIE LYNN

BD

DIRECT MTG SVCS INC

BD

US MTG & FIN LLC

LD

AMER MTG UNION INC

BD

AKERS, HENRY BRIAN

BD

KENNETT, KELLY ANN

BD

JONES, JOANNA MARCELLA BD

RANSOM, HENRY C JR

BD

LOAN WAREHOUSE CORP

BD

MONARCH MTG FUNDING

BD

ADVANTAGE MTG SVC LLC

BD

AMER DISCOUNT LENDERS

BD

DOBSON, ROY LEE JR

BD

SUNDANCE FINL SVCS INC

BD

INTOWN FINANCING INC

BD

A-PAC MTG CORP

BD

CENTURY OAK FINL INC

BD

AMER INTEGRITY LOAN L

BD

THOMPSON, WILLIAM R

BD

TAYLOR, CARLTON

BD

SHOCKLEY, JOSEPH T

BD

AGA INVESTORS LLC

BD

NZ MTG SVCS

BD

KAUFMAN, NAOMI

BD

DANTZLER-FREUND, VERO

BD

FRIENDLY MTG LLC

BD

ASHLEY, ROBERT

BD

PEACH ST RES MTG INC

BD

REVOKED

EXPIRED SURRENDERED WITHDRAWN

07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-20-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

07-28-2005

DENIED

9

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
17732 17741 17787 17794 17809 17821 17828 17896 17913 17917 17925 17963 17964 17998 18010 18025 18037 18060 18068 18077 18088 18104 18122 18132 18155 18163 18168 18183 18199 18242 18249 18258 18289 18293 18310 18365 18371 18439 18440 18460 18461 18487 18551 18604 18647

NAME

CODE

COMMISSIONG, ETHEL

BD

DEBOSE, JOSEPH BERNARD BD

CURRY, MICHAEL A

BD

CLASSIC LENDING GRP INC

BD

BOLADO, ARLYNE S

BD

BANKSTON, DAVID C

BD

INLOW, WILLIAM HODGES

BD

ADVANTAGE HM LOANS LLC BD

CHEEKS, MICHAEL DAVID

BD

BRANNON, PAULINE C

BD

INGRAM, JUNE P

BD

KURTZ, FRANK J

BD

ROGERS, JASON KEITH

BD

PACIFIC WESTERN INC

LD

BLUE STAR HM INC

BD

JOHNSON, TAMMY RENEE

BD

CARNES, DANA LYNN

BD

1ST AMER MTG GRP INC

BD

SOLID ROCK MTG INC

BD

HAVEN MTG LP

BD

ATCO MTG INC

BD

FUTURE UNLIMITED LLC

BD

VERZYL, RICHARD JR

BD

HARDY, JOHN J

BD

REAL-TIME PROCESSING

BD

MALLIS, ALEXANDER

BD

GO2 MTG PROFESSIONALS

BD

ANTHONY, DARLENE F

BD

MTG LIGHTHOUSE INC

BD

ATLANTIC EQUITY MTG

BD

EMMCO LLC

LD

SPEARS, FRANK G

BD

INDY MTG INC

BD

EMBASSY MTG CO INC

BD

GILLIS, JOHN T

BD

MOON, TERRY E

BD

CMTY MTG BROKERS INC

BD

ALLEGIANCE HOUSING

BD

ALLEGIANCE HOUSING

BD

TOWERS, TIMOTHY M.

BD

SULLIVAN, MICHAEL D

BD

NORTHSTAR MTG CORP

BD

CLASSIC HM MTG CO INC

BD

NEUSTAR FINL SVCS INC

LD

CASCADE MTG CO INC

BD

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN

DENIED

10

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID#
18648 18651 18652 18697 18704 18733 18737 18749 18764 18805 18815 18819 18821 18877 18902 18908 18909 18950 19005 19015 19020 19056 19061 19062 19063 19065 19083 19094 19097 19107 19117 19141 19143 19152 19177 19184 19196 19222 19241 19264 19270 19287 19312 19313 19343

NAME

CODE

PLATINUM PROCESSING INC BD

BOLES, THOMAS EUGENE

BD

SECURE 1ST MTG INC

BD

LOANAPP INC

BD

MALOTT, JOHN WILLIAM

BD

MYERS, FRANCES KEEN

BD

HENDERSON, JOHN HENRY

BD

SPIETH, BRADLEY SCOTT

BD

MAIN STREET MTG INC

BD

MANLEY, STEPHEN M.

BD

HUDSON, DEVON E

BD

BYWATER, RAMONA SUE

BD

WATKINS, SMITH IRENE

BD

AMER DREAMHM MTG INC

BD

TWYMAN, TASHAN PARKS

BD

FLAT FEE HM LOANS INC

BD

JULIAN MTG CORP

BD

POSSENTI, TAD RICHARD

BD

MCBRIDE-COLVARD, CHRIS BD

WIECHERT, MARY NOEL

BD

CLEMENTS, CONDELL E

BD

OGLE, JESSICA GRACE

BD

STAFFORD MTG GRP LLC

BD

HOMEBUYERS MTG CO INC

BD

TSAO, MARGARET CHEN

BD

WILLIS, CAROLYN MASON

BD

CMTY RESOURCE MTG INC

RD

WINDSOR FINL LLC

BD

STRUCTURED MTG SVCS

BD

FERNANDER, KEVIN S.

BD

CHAMBERS, JACKIE LAMAR

BD

HARRY, BETTY WILLIAMS

BD

CONSUMERS FIRST MTG

BD

SPECIALIZED LOAN

LD

HALL, CAROL SUE

BD

BENNETT, WILLIAM LEE JR

BD

SPIRKO, EDWARD J JR

BD

MTG FACTORY INC

BD

J&R FINL GRP LLC

BD

WARNER FINL INC

BD

JONES, DAVID ANTHONY

BD

DAVID KILPATRICK INC

BD

LINDSTROM FINL GRP INC

LD

GRIFFIN FINL MTG LLC

BD

WINDSTAR FINL SVCS LP

BD

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN

DENIED

11

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN JULY 2005

ID# NAME

CODE

19361 SPIRIT MTG LLC

BD

19364 ANDREASSEN, CAROLYN Y

BD

19366 CARTER, WALLACE A. JR

BD

19421 HCG N AMER LLC

LD

19426 EMPIRE FINL INC

BD

19440 GMC LENDING & MTG SVCS

LD

19451 GUARANTEED ACCEPTANCE BD

19465 OLD REPUBLIC FINL

LD

19541 INITIA TECHNOLOGIES LLC

BD

19542 CROSS PLAINS MTG LLC

BD

19544 GORDON, STEVEN M

BD

19580 LEHO, J MARK

BD

19590 MOUA, YOUA

BD

19606 ALLEN, RICKEY ACIE

BD

19694 PEACHONE INC

BD

19712 DEVEREESE, THOMAS E.

BD

19744 LEABO, JAMES P JR

BD

19758 EVERGREEN MTG INC

LD

19805 FLETCH FUNDING INC

BD

19814 HOME AMER LENDING GRP

LD

19937 PRINCIPLE RESOURCE MTG BD

20013 PACIFIC W LENDING INC

LD

20033 REAL CAP LLC

BD

20103 MARKETPLACE FINL LLC

LD

TOTAL: 264

REVOKED

EXPIRED SURRENDERED
07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

WITHDRAWN

DENIED

ID#
20265 20317 20341 20365 20376 20394 20414 20433
20436 20441 20446 20462

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN JULY 2005

COMPANY NAME

CITY

H & J Financial Services, Inc. Ana M. Livingston Angela Marie Turman Susan Evans Ronald Vince Fennell Ventura Mortgage, LLC (SC) American Brokerage & Finance Metro Home Mortgage Corp.

Norcross Stone Mountain Thomson Woodstock Athens Alpharetta Federal Way Atlanta

Best Interest Rate Mtg Co., LLC Edward Scott Whitesides Savoy Financial, LLC H & M Loan Processing Ctr, Inc.

Westmont Atlanta Grayson Smyrna

MB

ORIGINAL

ST CODE APPROVAL RENEWAL

GA

B

GA

P

GA

B

GA

P

GA

B

GA

B

WA

B

GA

B

07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005

NJ

L

GA

B

GA

B

GA

P

07-01-2005 07-01-2005 07-01-2005 07-01-2005

07-01-2005 07-01-2005 07-01-2005 07-01-2005

REINSTATED

12

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN JULY 2005

ID#
20469 20478 20490 20504 20506 11771 16533 20406 20443 20513 12113 20252 20274 20340 20364 20383 20392 20393 20461 20464 20470 20471 20492 20495 20497 20498 20505 20510 20511 20512 20536 20537 20541 20542 20572 20573 20577 20581 20583 20586 20588
20589 20415 20442 20523

COMPANY NAME

CITY

Taylor Home Mortgage, Inc. Global Empire Property

Warner Robins Tucker

GRP Strategies, LLC

White Plains

Metro Mortgage Of America,

Atlanta

Magnolia Home Mortgage, Inc. Cumming

Advanced Mrtg Concepts, Inc. * Chattanooga

Faith Funding Group, Inc *

Roswell

Divine Mortgage Corporation

Austell

Michael Ho

Fountain Valley

Danarir Investments, Inc.

Greenbelt

Margaret M. Brown, Inc. *

Norcross

Genworth Mortgage Svcs, LLC Raleigh

Sandra Annette Tharpe

Dearing

Integrity Financial Svcs, LLC

Atlanta

United Pacific Realty & Inv

Lake Forest

Georgia Southern Mtg Grp, Inc. Norcross

Family Home Loans, Inc.

Stone Mountain

Michael A. Horne

Duluth

AA Lending Corporation

Lincoln

Deep South Mortgage Co, Inc. Metairie

Professional Financial Mtg, Inc. Southfield

Lillie Marie Certion

Lithonia

Stonecreek Funding Corporation Denver

Jeremy Scott Carpenter

Duluth

Global Lending Partners, Inc. Orange Park

Kathy J. Oliver

Snellville

Academy Mortgage Corporation Salt Lake City

Pacwest Funding, Inc.

Huntington Beach

Capital Choice Lending, Inc.

Atlanta

David Shipmon

Fayetteville

Thomas Venisee Jr.

Albany

First Street Financial, Inc.

Irvine

Paradise Remodeling & Design Lilburn

Brett Shannon Boss

Atlanta

Brookes Funding, LLC

Marietta

Kurt M. Cassidy

Duluth

Greenwich Capital Finl Products Greenwich

Asset Accounts, Inc.

Atlanta

Marian M. Gamble

Atlanta

First Georgia Lending, Inc.

Luthersville

SkyLine Mortgage, Inc.

Peachtree City

Bailey Equity, Inc. Direct Lending, Inc. (DE) Power Mortgage Corp. (FL) Easy Money Lending, Inc.

Lithonia Northville Delray Beach Suwanee

MB

ORIGINAL

ST CODE APPROVAL RENEWAL REINSTATED

GA

B

GA

B

NY

L

GA

B

GA

B

TN

L

GA

L

GA

B

CA

B

MD

B

GA

L

NC

L

GA

B

GA

B

CA

B

GA

B

GA

B

GA

B

NE

B

LA

L

MI

L

GA

B

CO

L

GA

B

FL

B

GA

B

UT

L

CA

L

GA

B

GA

B

GA

B

CA

L

GA

B

GA

B

GA

B

GA

B

CT

R

GA

B

GA

B

GA

B

GA

B

07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 10-01-1996 07-13-2001 07-08-2005 07-08-2005 07-08-2005 01-10-1997 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005

07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-01-2005 07-08-2005 07-08-2005 07-08-2005 07-08-2005 07-08-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005

GA

B

MI

L

FL

B

GA

B

07-15-2005 07-22-2005 07-22-2005 07-22-2005

07-15-2005 07-22-2005 07-22-2005 07-22-2005

13

. . . . . . . . . . . . . . . . . . . ..

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN JULY 2005

ID# COMPANY NAME

CITY

20525 20530 20532 20540 20546 20587 16330 12701 13932 14572 19215 16007

Smartbiz, Inc.

Mableton

Southgate Financial Group, LLC Acworth

V. Allen Realty, LLC

Marietta

Delta Real Estate and Mortgage Stone Mountain

FSirsl tSi tar Home Equity, LLC

Indianapolis

A & R Mortgage Services, Ltd. Dallas

TRG Mortgage, Inc.

Austell

Towne Mortgage Company

Sterling Heights

Capstone Financial Svcs, Inc. Marietta

First Financial Equities, Inc.

Englewood

Magna Financial, LLC

Atlanta

Diversified Financial Group, LLC Marietta

TOTAL: 69

MB

ORIGINAL

ST CODE APPROVAL RENEWAL REINSTATED

GA

B

GA

B

GA

B

GA

B

IN

L

GA

B

GA

B

MI

L

GA

B

NJ

L

GA

B

GA

B

07-22-2005 07-22-2005 07-22-2005 07-22-2005 07-22-2005 07-22-2005 02-23-2001 07-25-1997 10-16-1998 06-11-1999 05-07-2004 07-21-2000

07-22-2005 07-22-2005 07-22-2005 07-22-2005 07-22-2005 07-22-2005 04-07-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-22-2005

07-01-2005 07-15-2005 07-15-2005 07-15-2005 07-15-2005 07-22-2005

MB CODES B = BROKER L = LENDER R = REGISTRANT

*

Upgrade Broker to Lender

+

Downgrade Lender to Broker

#

Upgrade Lender to Registrant



Downgrade Registrant to Lender

14

. . . . . . . . . . . . . . . . . . . ..