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