Georgia Department of Banking & Finance NON-DEPOSITORY FINANCIAL INSTITUTIONS Monthly Summary of Mortgage Activities For the Period Ending April 2006 NEWS ITEMS Inside this issue: 2006 Legislation 1 Renewal Information 1 Wages-Fair Labor Standards Act 2 Website URLs-Fines 2 Branch Managers 3 Administrative Actions 4 Fines & Licenses Revoked, Expired...etc. 9 License Approvals 11 2990 Brandywine Rd. Suite 200 Atlanta, GA 30341 Phone: 770.986.1269 Fax: 770.986.1029 2006 FY 2007 Legislation Renewal Review The Department did not Continues FY 2007 LICENSE DISTRIBUTION REMINDER have a housekeeping bill The FY 2007 open license for the 2006 legislative renewal application period session. However, Sen- ended April 1, 2006. Appli- NEW LICENSES FOR THE YEAR WILL BE MAILED OUT BEGINNING MID TO LATE JUNE 2006. ate Bill 505 regarding cations are in the process of changes to Code Section being reviewed, and this re- 7-1-1001 of the Official view will continue through Code of Georgia Anno- June, 2006. IF YOU DO NOT RECEIVE YOUR NEW LICENSE BY THE FIRST WEEK OF JULY, PLEASE tated, was introduced CONTACT THE OFFICE. and was passed by both Any licensee who failed to houses of the legislature renew their license by the and currently awaits the April 1 deadline may still Governor's signature. renew their license on-line. This bill, amending O.C.G.A Section 7-11001, better known as the "Exemptions.." Section of the Georgia Residential Mortgage Act, However, the late fee of $300 will be assessed and must be paid, in addition to the appropriate license fee, in order to renew the li- cense. This is an option within the standard license application package. All required documentation noted in the application MUST be submitted, contains the following The late along with the reinstaterenewal period will ment fee of $250, the provisions: close June 30, 2006. If a li- license fee for the type censee does not renew their of license held, and any "Code of the Section Official 7-1-1001 Code of license by the close of busi- outstanding assessed ness on that day, the license fines. The Renewal Appliwill be considered to be ex- cation Form WILL NOT be Georgia Annotated, re- pired. No new mortgage accepted to reinstate a lating to exemptions for business may be conducted license. certain persons from the under an expired license! In requirement of obtaining a mortgage broker or order to conduct GRMA business, an expired license will The renewal website is: mortgage lender license, have to be reinstated. To is amended by striking reinstate a license after the word "or" at the end June 30, 2006 applicants of paragraph (12); by must complete and submit a https:// bkgfin.dbf.state.ga.us/ MortgageDocs/ FY2007Renewal.html Reinstatement Application. (Continued on page 3) Continued on Page 2 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 2 Wages Fair Labor Standards Act On March 31, 2006, the National Association of Mortgage Brokers obtained an opinion from the U. S. Department of Labor regarding the exemption of loan originators from the overtime and minimum wage provisions of the Fair Labor Standards Act. According to the opinion, issued by Alfred B. Robinson Jr., the Acting Administrator for the U. S. Department of Labor's Wage and Hour Division, loan officers working mainly outside of call centers meet the "sales" requirement for the exemption from the pay rules, and that by meeting clients outside of the employer's place of business in order to initiate sales, such as the clients' homes, the "sales force" loan officers fulfill the "outside" requirement of the exemption. However, there are two key points to bear in mind for Georgia licensees: a) The letter opinion included a caveat-- that each sales force loan officer has to be evaluated individually to see if he or she qualifies for the exemption, and; b) The opinion does not overrule the existing requirement in Georgia that loan officers working for a licensee must be paid on a W-2 basis in order to maintain their exemption from the licensing requirements under the Georgia Residential Mortgage Act, which prevents licensees, the loan officer's employers, from dealing with "unlicensed" persons. Licensees are encouraged to read the full text of the letter which is available on the National Mortgage Brokers Association's website at: www.namb.org/Images/na mb/GovernmentAffairs/DO LOpinionLetter.pdf Website URLs & Fines Remember, all licensees must register their web site domain names with the Department as a d/b/a name if it is different than the name(s) licensed/ registered with the Department. A website name is a d/b/a name and as such must be registered with the Department pursuant to the requirements of O.C.G.A Section 7-1-1006 (d) which states that "No licensee may conduct business under any name other than that designated in the license." Further, "advertisement" as defined in Department Regulation 80-11-1-.02 (f), means material used or intended to be used to induce the public to apply for a mortgage loan. Web sites are considered advertisements, and as such must contain the following: 1. Company name(s); 2. License number; 3. An office address which conforms with the name, license number, and office address on record with the Department. 4. Contain the words "Georgia Residential Mortgage Licensee" or list Georgia as a state in which the licensee is licensed to do business if the licensee is licensed in more than one state. Any unregistered d/b/a name, including a URL, which comes to the attention of the Department will subject the licensee to a minimum $500 fine. It has also been noted that many licensees do not list their Georgia license number on their website, or note Georgia as a state in which they are licensed or state "Georgia Residential Mortgage Licensee". Each exception carries a $500 fine. Understand that fines will be assessed for failure to register the name and for failure to properly advertise your licensing status (GRMA) and number. UPCOMING SPEAKING ENGAGEMENTS Deputy Commissioner for NDFI Rod Carnes will be speaking to the following organizations: Savannah Mortgage Bankers Association, Tuesday May 16, 2006, Savannah, GA. Georgia Financial Services Association, Monday, May 22, 2006, Savannah, GA. Useful Links MORTGAGE FORMS: CODE, REGULATIONS & APPLICATIONS HTTP://WWW.STATE.GA.U S/MORTGAGE_FORMS.HTML UPDATING LICENSE INFORMATION HTTP://WWW.STATE.GA. US/DBF/MORTGAGE_FOR MS.HTML#ONLINE LEGISLATIVE INFORMATION: HTTP:// WWW.LEGIS.GA.GOV/ LEGIS/2005_06/LEG/ LEGISLATION.HTM Continued on Page 3 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 3 (Continued from page 1) license, consistent with the pro- SECTION 3. visions of this article and re- All laws and parts of laws in striking the symbol "." and in- newable annually; and serting in lieu thereof the symbol and word "; or" at the end of conflict with this Act are repealed paragraph (13); and by adding a (iii) The subsidiary has paid ap- new paragraph (14) to read as plicable fees for this license, This bill can be found on the follows: which license fees shall be the lesser of one-half of the sum of internet at: the cost of the individual li"(14)(A) A natural person other- censes or $100,000.00. http://www.legis.ga.gov/ legis/2005_06//versions/ sb505_AP_8.htm wise required to be licensed, who is under an exclusive written independent contractor (B) To maintain the exemption, agreement with any person that a natural person must: is a wholly owned subsidiary of Branch Managers a financial holding company or bank holding company, savings bank holding company, or thrift holding company, which subsidiary also meets the following re- (i) Solicit, process, place, or negotiate a mortgage loan to be made only by the licensed subsidiary or its affiliate; and There seems to be some misunderstanding regarding what information is required to have proposed branch managers consid- ered for approval. quirements, subject to the re- view and approval of the de- (ii) Be at all times in compliance Each proposed branch or office partment: with the provisions and prohibi- manager should submit: tions of Code Section 7-1-1013 Pages II-1 to II-4 of the Bio- (i) The subsidiary has provided an undertaking of accountability supported by a surety bond and the provisions and prohibitions applicable to employees under Code Section 7-1-1004. graphical Information Section of the Financial Report; A background check authorization form; and equal to the lesser of $1 million A current credit report show- or $50,000.00 per exempt per- (C) For purposes of this para- ing a satisfactory credit his- son, to cover all of its persons graph, 'financial holding com- tory. exempted by this paragraph, pany' shall mean a financial that includes full and direct financial responsibility for the holding company as defined in the Bank Holding Company Act A credit report filed unresolved tax liens, containing judgments, mortgage broker activities of of 1956, as amended. bankruptcies, collection items, or each such exempted person, and charged-off credit will cause the also provides for the education return of the application for reso- of the exempt persons, the han- (D) The commissioner shall pro- lution. Slow credit or bankrupt- dling of consumer complaints vide by rule or regulation for c i e s , w h i c h h a v e n o t related to the exempt persons, the implementation of this been dismissed, will require satis- and the supervision of the mort- paragraph." factory explanation. Tax liens, gage broker activities of the ex- judgments, & bankruptcies must empt persons; SECTION 2. be paid/resolved before an application can be accepted for filing. This Act shall become effective (ii) for The and subsidiary has applied been granted a mort- on July 1, 2006. gage broker or mortgage lender Continued on Page 4 Administrative Actions For the Period Ending April 2006 Page 4 CEASE AND DESIST ORDERS--ISSUED Abrams, Eugene, Fort Valley, GA (license no. 20128) Cease and Desist Order issued March 10, 2006 became final on April 9, 2006. Accent Mortgage Services, Inc, Alpharetta, GA (license no. 6063) Cease and Desist Order issued March 20, 2006 became final on April 16, 2006. American Multi Financial Services, Inc., Atlanta, GA Cease and Desist Order issued March 14, 2006 became April 14, 2006. Baker, Wilburt, Lithonia, GA (license no. 6108) Cease and Desist Order issued March 10, 2006 became final on April 9, 2006. Bell, Hyman Jay, Decatur, GA (license no. 12725) Cease and Desist Order issued March 10, 2006 became final on April 9, 2006. Certion, Lillie Marie, Lithonia, GA (license no. 20471) Cease and Desist Order issued March 10, 2006 became final on April 9, 2006. Cherry, Jessie Pearl, Macon, GA (license no. 13620) Cease and Desist Order issued March 20, 2006 became final on April 19, 2006. Coast 2 Coast Realty Group, Sacramento, CA Cease and Desist Order issued March 30, 2006 became final April 30, 2006. Cobb, Barry M., Lithonia, GA (license no. 20728) Cease and Desist Order issued March 6, 2006 became final on April 5, 2006. Danielly, Thomas III, Stone Mountain, GA (license no. 13441) Cease and Desist Order issued March 20, 2006 became final on April 19, 2006. Davis, Johnny A., Stone Mountain, GA (license no. 20027) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Davis, Tremese Calandra, Lithionia, GA (license no. 17067) Cease and Desist Order issued March 10, 2006 became final on April 9, 2006. Continued on Page 5 Administrative Actions For the Period Ending April 2006 Page 5 CEASE AND DESIST ORDERS--ISSUED (Continued) Easy Loan Solutions, Garden Grove, CA Cease and Desist Order issued March 14, 2006 became final April 14, 2006. Es-Sudan, Jennah, Atlanta, GA (license no. 18053) Cease and Desist Order issued March 20, 2006 became final on April 19, 2006. Financial Resources & Assistant of the Lakes Region, Inc., Meredith, NH (license no. 19134) Cease and Desist Order issued March 9, 2006 became final April 7, 2006. Franklin, Leonard Jr., Stone Mountain, GA (license no. 15469) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006 Gamel, William Brian, Alpharetta, GA (license no. 6133) Cease and Desist Order issued March 13, 2006 became final April 12, 2006. Greber, Joseph, Snellville, GA (license no. 17869) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Haggray, Calvin L., Lithonia, GA (license 11852) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Hardaway, Connie, Alpharetta GA, (license no. 17758) Cease and Desist Order issued March 9, 2006 became final on April 8, 2006. Irvin, Gail, Lithonia, GA (license no. 15767) Cease and Desist Order issued March 27, 2006 became final on April 26, 2006. Johnson, Charles, Conyers, GA Cease and Desist Order issued March 21, 2006 became final on April 21, 2006. Keys, Sheila Tyian, Stone Mountain (license no. 13443) Cease and Desist Order issued March 22, 2006 became final on April 21, 2006. Lanier, David C., Marietta, GA (license no. 18134) Cease and Desist Order issued March 9, 2006 became final on April 8, 2006. Living Water Lending, Inc., Garden Grove, CA Cease and Desist Order issued March 7, 2006 became final on April 7, 2006. Continued on Page 6 Administrative Actions For the Period Ending April 2006 Page 6 CEASE AND DESIST ORDERS--ISSUED (Continued) MNA Finance, LLC, Dunwoody, GA Cease and Desist Order issued March 30, 2006 became final on April 30, 2006. McBain, Patrick O'Brien, Stone Mountain, GA (license no. 15837) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. McClary, Shawn, Atlanta, GA Cease and Desist Order issued December 20, 2004 became final on April 6, 2006. McDorman, Dewayne P., Snellville, GA (license no. 17000) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Martinez, Manuel Eugenio, Duluth, GA (license no. 19713) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Melvin, Kawana, Atlanta, GA Cease and Desist Order issued December 22, 2004 became final on April 17, 2006. Moore, Gary Wayne, Marietta, GA (license no. 12029) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. MortgageRates4Less.com, Greenwood Village, CO Cease and Desist Order issued March 14, 2006 became final on April 14, 2006. NLC of Florida, Inc., Orlando, FL Cease and Desist Order issued March 2, 2006 became final on April 2, 2006. Norton, Virginia D., Rome, GA (license no. 19259) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Oyedotun, Rebecca (also Fashakis, Rebecca), Alpharetta, GA Cease and Desist Order issued March 22, 2006 became final on April 12, 2006. Pardue, Israel Leroy, Jr., Lithonia, GA (license no. 7136) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Continued on Page 7 Administrative Actions For the Period Ending April 2006 Page 7 CEASE AND DESIST ORDERS--ISSUED (Continued) Peoples-Wisneski, Michele F., Atlanta, GA (license no. 15999) Cease and Desist Order issued March 24, 2006 became final on April 23, 2006. Polk, Jon J., Moultrie, GA, (license 14350) Cease and Desist Order issued March 13, 2006 became final on April 12, 2006. Rogers, Yvonne Manning, (license no. 17309) Cease and Desist Order issued March 14, 2006 became final on April 13, 2006. Roquemore, Sandra, Lithonia, GA - Cease and Desist Order issued July 20, 2005 became final on April 26, 2006. Ruddock, Margaret, Stone Mountain, GA (license no. 16617) Cease and Desist Order issued March 24, 2006 became final on April 23, 2006. Santiago, Rafael Jose, Atlanta, GA (license no. 20734) Cease and Desist Order issued March 27, 2006 became final on April 26, 2006. Scarlett, Elaine A., Kennesaw, GA (license no. 17197) Cease and Desist Order issued March 14, 2006 became final on April 13, 2006. Shumate, Carolyn, Lithonia, GA (license no. 7270) Cease and Desist Order issued March 14, 2006 became final on April 13, 2006. Thompson, Edward, Decatur, GA (license 19105) Cease and Desist Order issued March 14, 2006 became final on April 13, 2006. Timms, Ladonna, Kennesaw, GA (license no. 17476) Cease and Desist Order issued March 27, 2006 became final on April 26, 2006. Turman, Angela Marie, Thomson, GA (license no. 20341) Cease and Desist Order issued March 14, 2006 became final on April 13, 2006. Wayne Frier Home Center of Moultrie, Inc., Moultrie, GA (license no. 14737) Cease and Desist Order issued March 3, 2006 became final on April 3, 2006. Continued on Page 8 Administrative Actions For the Period Ending March 2006 Page 8 CEASE AND DESIST ORDERS--LIFTED Fogarty, Pathoumphone Nicole, Kennesaw, GA Cease and Desist Order issued March 22, 2006 was lifted on April 27, 2006. Martin, Derrick, Grayson, GA -- Cease and Desist Order issued March 22, 2006 was lifted on April 27, 2006. FINAL CONSENT ORDERS--ISSUED Fogarty, Pathoumphone Nicole, Kennesaw, GA Consent Order issued April 27, 2006 became final April 27, 2006. Loan America, Inc., Norcross, GA (license no. 18881) - Consent Order issued April 27, 2006 became final on April 27, 2006. Martin, Derrick, Grayson, GA -- Consent Order issued April 27, 2006 became final on April 27, 2006. Roquemore, Sandra, Lithonia, GA -- Consent Order issued April 26, 2006 became final on April 26, 2006. SUPERIOR COURT INJUNCTIONS Tibbs, Cheryl, Stone Mountain, GA -- Superior Court Order issued April 19, 2006 became final on April 19, 2006. Continued on Page 9 Monthly Summary of Mortgage Activities For the Period Ending April 2006 FINE PUBLICATION Page 9 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 1 Licensee fined for Advertising Violations 1 Licensee fined for Prohibited Acts 1 Licensee fined for Background Check 1 Licensee fined for Books & Records FINE REASON 1 Licensee fined for Loan files not properly maintained 445 Licensees fined for Renewal filed late 1 Licensee Unapproved Branch Manager 1 Licensee fined Unapproved Branch LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN APRIL 2006 ID# NAME CODE REVOKED EXPIRED SURRENDERED WITHDRAWN DENIED 5657 SE MTG & FINL SVCS BD 6063 ACCENT MTG SVCS INC LD 6108 BAKER, WILBURT BD 6133 GAMEL, WILLIAM BRIAN BD 7136 PARDUE, LEROY ISRAEL JR BD 7270 SHUMATE, CAROLYN BD 11852 HAGGRAY, CALVIN BD 11963 HOMELINK MTG BD 12029 MOORE, GARY WAYNE BD 12725 BELL, HYMAN JAY BD 13441 DANIELLY, THOMAS III BD 13443 KEYS, SHELIA T BD 13620 CHERRY, JESSIE P BD 13669 First Choice Mortgage Financial Corp. BD 14015 CENTRAL MTG & INV LLC BD 14350 POLK, JON J BD 04-16-2006 04-09-2006 04-12-2006 04-12-2006 04-13-2006 04-12-2006 04-13-2006 04-06-2006 04-12-2006 04-09-2006 04-19-2006 04-21-2006 04-19-2006 04-12-2006 04-19-2006 04-25-2006 Continued on Page 10 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 10 LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN APRIL 2006 ID# NAME CODE REVOKED EXPIRED SURRENDERED WITHDRAWN DENIED 14683 1ST CITY MTG INC LD 14737 WAYNE FRIER HM CTR MOULTR BD 15469 FRANKLIN, LEONARD JR BD 04-03-2006 04-12-2006 15767 IRVIN, GAIL BD 04-26-2006 15837 MCBAIN, PATRICK OBRIEN BD 04-12-2006 15999 PEOPLES-WISNESKI, M. BD 04-23-2006 16617 RUDDOCK, MARGARET BD 04-23-2006 17000 MCDORMAN, DWAYNE P BD 04-12-2006 17067 DAVIS, TREMESE CALANDRA BD 17197 SCARLETT, ELAINE A BD 04-09-2006 04-13-2006 17299 MILLENNIUM GRP INC BD 04-06-2006 17309 ROGERS, YVONNE MANNING BD 17312 FENNER, CARL M BD 04-13-2006 17476 TIMMS LADONNA BD 04-26-2006 17758 HARDAWAY, CONNIE BD 04-08-2006 17869 GREBER, JOSEPH BD 04-12-2006 17997 HOMETOWN EQUITY MTG ST LO BD 18053 ES-SUDAN, JENNAH BD 04-19-2006 18134 LANIER, DAVID C BD 04-08-2006 19105 THOMPSON, EDWARD BD 04-13-2006 19134 FINL RESOURCES & ASST INC BD 19259 NORTON, VIRGINIA D BD 04-07-2006 04-12-2006 19713 MARTINEZ, MANUEL E BD 04-12-2006 20027 DAVIS, JOHNNY ALBERT BD 04-12-2006 20096 QUOTEMEARATE COM INC LD 20128 ABRAMS, EUGENE BD 04-09-2006 04-04-2006 04-20-2006 04-07-2006 04-19-2006 Continued on Page 11 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 11 LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED IN APRIL 2006 ID# NAME CODE REVOKED EXPIRED SURRENDERED WITHDRAWN DENIED 20280 ALLISON INS & MTG LLC BD 20330 STONEQUEST MTG INC BD 20341 TURMAN, ANGELA MARIE BD 20471 CERTION, LILLIE MARIE BD 20728 COBB, BARRY M BD 20734 SANTIAGO, RAFAEL JOSE BD 21244 Home Solutions Lending Cor- poration BD TOTAL: 49 04-13-2006 04-09-2006 04-05-2006 04-26-2006 04-04-2006 04-25-2006 04-14-2006 ID# 21035 21077 21084 21092 21100 21118 21155 21177 21198 21199 21203 21206 21219 21230 21231 21240 21249 21253 LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN APRIL 2006 COMPANY NAME Rhonda Sharlene Hunter CITY KENNESAW MB ST CODE GA B ORIGINAL APPROVAL 04-07-2006 RENEWAL 04-07-2006 R&J Capital Group, LLD FOREST HILLS NY B 04-07-2006 04-07-2006 Dynamic Mortgage, Ltd. WESTBURY NY L 04-07-2006 04-07-2006 Atlantic Mortgage Loans, inc. PACIFIC MO B 04-07-2006 04-07-2006 Vision One Finance Corporation BROOKLYN PARK MN B 04-07-2006 04-07-2006 Infinity Mortgage Solutions, Inc. RIVERDALE GA B 04-07-2006 04-07-2006 Pamela Lenore Stephen-Williams COLUMBUS GA B 04-07-2006 04-07-2006 Atlantic Home Loans, Inc. PARSIPPANY NJ L 04-07-2006 04-07-2006 UMTH Lending Company, LP RICHARDSON TX L 04-07-2006 04-07-2006 CSI, Century Services, Inc. DECATUR GA B 04-07-2006 04-07-2006 Omni Home Financial, Inc. SAN CLEMENTE CA B 04-07-2006 04-07-2006 Danita Gibson-Lloyd COLUMBUS GA B 04-07-2006 04-07-2006 The Oasis Group, LLC (FL) CLEARWATER FL B 04-07-2006 04-07-2006 Paul Garrett Harden, Jr. ATLANTA GA B 04-07-2006 04-07-2006 Sidney James Waller COLUMBUS GA B 04-07-2006 04-07-2006 Winston Albert Brown COLUMBUS GA B 04-07-2006 04-07-2006 Blue Chip Mg Wholesale, LLC LANTANA FL L 04-07-2006 04-07-2006 West Coast Servicing, Inc. HUNTINGTON BEA CA L 04-07-2006 04-07-2006 REINSTATED Continued on Page 12 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 12 ID# COMPANY NAME CITY ST 21258 Sound Mortgage Solutions, Inc. JACKSONVILLE FL 21260 Randall B. Neal SUMMERVILLE GA 21264 Inman Park Mortgage ATLANTA GA 21265 Patricia Thornton Binion DECATUR GA 21271 Tarnaz Lee Greene LITHONIA GA 21275 Residential Mortgage Svcs, Inc. DULUTH GA 21276 Lonnie Ray Litton DULUTH GA 21279 Capital Mortgage Group, Inc. DACULA GA 21281 Mortgage Source of Georgia, Inc. DACULA GA 21300 HomeQuest Financial, Inc. NEWNAN GA 21306 First Rate Financial, Inc. MAPLE GROVE MN 21307 Coral Mortgage Corp. ENGLEWOOD NJ 21321 Bridgewater Funding, LLC ISLIP NY 21322 Alfonso Jose Acune WARNER ROBINS GA 21324 Sunset Intl Mtg, Incorporated ORLANDO FL 21355 Hollander Financial Holding, Inc. UPLAND CA 15317 Heathrow Funding, Inc. * ALPHARETTA GA 18294 Landon Mortgage, Inc. * NORCROSS GA 20214 Schneider, Zoe & Assoc, Inc. * MACON GA 21061 Smartloanlender.com, Inc. * DECATUR GA 20924 Mason McDuffie Mtg Corporation SAN RAMON CA 20973 Guaranteed Rate, Inc. CHICAGO IL 21078 United Pacific Mtg Co., Inc. WOODLAND HILLS CA 21187 Gulfshore Capital, LLC FORT MYERS FL 21250 L & H Management Grp, Inc. HIALEAH FL 21251 Greater United Home Funding, ORLANDO FL Inc. 21280 RTL Financial, Inc. BELLEVUE WA 21318 Mar Ray Financial Group, Inc. LOCUST GROVE GA 21325 Fountain Bridge Mtg Corporation SMYRNA GA 21337 Ultimate Financial Investment, LLC POWDER GA SPRINGS 21358 Financial Vue, Inc. ATLANTA GA 21362 Horizon Financial Group, Inc. LITHONIA GA 21363 Home Loan Consultants, Inc. (CA) DEL MAR CA 21366 Lanier Lending, LLC WOODSTOCK GA 21373 Union Capital Mortgage (Co.) BRAINTREE MA 21374 Matthew Cyle Gulley DULUTH GA 21221 Financial Solutions, Inc. (Maryland) 21266 Zandra Tahanna Bell SUGAR HILL GA COVINGTON GA 21335 Investment Capital Solutions, LLC ATLANTA GA MB CODE L B B B B B B B B B B L B B L L L L L L L L L B L L B B B B B B L B L B B B B ORIGINAL APPROVAL 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 06-09-2000 04-18-2003 04-012005 01-20-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-21-2006 04-21-2006 04-21-2006 RENEWAL 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-07-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-14-2006 04-21-2006 04-21-2006 04-21-2006 REIN- Continued on Page 13 Monthly Summary of Mortgage Activities For the Period Ending April 2006 Page 13 ID# COMPANY NAME CITY 21353 American Heritage Mtg Grp, LLC 21364 Georgia Integrity Mtg Group, LLC 21368 Interfirst Financial Services, Inc. 21369 FirstMac Corporation 21370 East Coast Capital Corp. 16614 Universal Mortgage Corporation 21242 Linden Residential Credit Corp. 21308 Proquest Mortgage, LLC 21351 Wayne Frederick Hill, Jr. 21352 Creekside Mortgage, LLC 21361 APMB Mortgage, Inc. 21372 Custom Mortgage Corp. (MD) 21376 Christopher Michael Keene 21379 Bryan D. Walker 21395 Loanstars, LLC (Colorado) 21396 Eagle Eye Mortgage, Inc. 21399 Ascent Home Loans, Inc. 21417 Gateway Residential Finance, LLC 21430 Bradford Mortgage Company, LLC 21442 Dennis Francis Eckie 21448 The Mortgage Advisory Grp, LLC 14705 Service 1st Mortgage, Inc. TOTAL: 79 TAMPA MARIETTA SUWANEE CORDOVA SYOSSET MEQUON MELVILLE SWANSEA MACON BALL GROUND ORLANDO BALTIMORE OLGETHORPE DECATUR BOULDER JONESBORO ENGLEWOOD ADAIRSVILLE WINSTON SALEM KENNESAW MARIETTA GLEN BURNIE MB ST CODE FL L GA B GA L TN L NY L WI L Y B IL L GA B GA B FL B MD L GA B GA B CO B GA B CO L GA B NC L GA B GA B MD B ORIGINAL APPROVAL 04-21-2006 04-21-2006 04-21-2006 04-21-2006 04-21-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 05-28-1999 RENEWAL 04-21-2006 04-21-2006 04-21-2006 04-21-2006 04-21-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-28-2006 04-21-2006 REIN04-21-2006 MB CODES B = BROKER L = LENDER R = REGISTRANT * Upgrade Broker to Lender + Downgrade Lender to Broker # Upgrade Lender to Registrant Downgrade Registrant to Lender To receive this publication: This publication is e-mailed monthly to interested parties and is also available from the Department's website at: http://www.state.ga.us/dbf/bulletins.html If you would like to be added to our distribution list, please send an e-mail to: dbfmort@dbf.state.ga.us. Please include your name, company, and phone number. To unsubscribe, please notify the Department at the same e-mail address noted.