NDFI MONTHLY MORTGAGE SUMMARY September 2007 Georgia Department of Banking & Finance-- Non Depository Financial Institutions Division Monthly SMumonmtahrlyy Souf mMmoratrgyaogfe MAocrttigvaitgieesAcfotirvitthieesPfeorriotdheEnPdeirniogdSeEpntdeinmgbAerpr2i0l 027007 Inside this issue: NEWS Deceptive 1 Advertising State Advertising 2 Provisions Requirements for 2 Signed Loan Applications Hiring of Felons 3 2008 State Holidays 3 Customer Service 4 Stars Administrative 5-7 Actions & Fine Data Licenses Revoked, 8-9 Expired...Denied Licenses Approved 9- & Reinstated 11 Useful Links MORTGAGE FORMS: DBF.GEORGIA.GOV/ DBFMTGFORMS UPDATING LICENSE INFORMATION DBF.GEORGIA.GOV/ DBFMTGFORMS Page 1 NEWS ITEMS FTC Warns Mortgage Advertisers and Media That Ads May Be Deceptive (FTC Release, September 11, 2007): T he Federal Trade Commission is warning mortgage brokers and lenders, and media outlets that carry their advertisements for home mortgages, that some of the advertising claims currently appearing in Web sites, newspapers, magazines, direct mail, and unsolicited e-mail and faxes may violate federal law. "Many mortgage advertisers are making potentially deceptive claims about incredibly low rates and payments, without telling consumers the whole story for example, that these low rates and payments apply for a short period only and can go up substantially after the loan's introductory period," said Lydia Parnes, Director of the FTC's Bureau of Consumer Protection. "Home ownership is the American dream, but it can become a nightmare for consumers who don't have the information they need to understand the terms of their mortgage." In warning letters, the agency is advising more than 200 advertisers and media outlets that some mortgage ads are potentially deceptive or in violation of the Truth in Lending Act. The ads, including some in Spanish, were identified in June during a nationwide review focused on claims for very low monthly payment amounts or interest rates, without adequate disclosure of other important loan terms. For example, some ads touted rates as low as "1%" but failed to disclose adequately: that the stated rate was a "payment rate" not the interest rate that applied only during the loan's initial period; enables consumers to shop for and compare mortgage offerings. Some ads promoted only incredibly low monthly payments but failed to disclose adequately the terms of repayment, including payment increases and a final balloon payment. Letters to advertisers are advising them to review their ads, and to read business and consumer education materials on the FTC's Web site to learn about relevant laws and requirements. Letters to media outlets are advising them about the potentially deceptive advertising, with guidance on screening ads for questionable claims. During the past decade, the FTC has brought 21 actions against companies in the mortgage lending industry, focusing in particular on the subprime market. Several of these cases have resulted in large monetary judgments, with courts collectively ordering that more than $320 million be returned to consumers. These enforcement actions have targeted deceptive or unfair practices in all stages of mortgage lending, from advertising and marketing through loan servicing, by mortgage lenders, brokers, and loan servicers. To help consumers recognize deceptive mortgage ads, the Federal Trade Commission has created a Consumer Alert, "Deceptive Mortgage Ads: What They Say; What They Leave Out," available at www.ftc.gov. that low advertised payments applied for only a short period; and MORTGAGE SUMMARY DBF.GEORGIA.GOV/ DBFMTGSUMMARY the loan's Annual Percentage Rate, the uniform measure of the cost of credit that Page 2 September 2007 News--Continued but not stating from whom the solicitation is, except in New State Regulation to Stop Deceptive Advertising very small type. The problem seems to stem with the marketing company itself, which touts this "covert" advertising style as a good way to get a concerned consumer to call thinking there is a problem with his or her The provisions of a recently adopted 2007 Rules Change for existing mortgage. However, the remainder of the problem advertising details State requirements which will stems from licensees themselves, who apparently forget necessitate more due diligence on the part of licensees to the provisions of 7-1-1016 which, in addition to prohibiting properly disclose their part in various solicitations, perhaps false and misleading advertising, also prohibits advertising alleviating the consumer concerns that come from them. that does not include, among other items, a valid address As adopted, Rule 80-11-1-.02 (h) states: of the licensee, the license number, and the indication that (h) An advertisement shall not include an individual's loan the company is a Georgia Residential Mortgage Licensee. number, loan amount, or other publicly available Unfamiliarity with the provisions of both the Statute and information unless it is clearly and conspicuously stated in Regulation concerning advertising requirements will result bold-faced type at the beginning of the advertisement that in fines for those licensees who violate these provisions. the person disseminating it is not authorized by, in sponsorship with, or otherwise affiliated with the individual's lender, which shall be identified by name. Such an advertisement shall also state that the loan information SPEAKING ENGAGEMENTS contained therein was not provided by the recipient's NDFI Deputy Commissioner Rod Carnes will be lender. speaking at the Southeastern Mortgage Brokers Many solicitations contain warnings about rate adjustments or are those that appear to be from the current mortgagee Conference on October 30th at the Savannah International Trade and Convention Center, Savannah, GA. with various dire predictions regarding various loan terms, REQUIREMENTS--SIGNED LOAN APPLICATIONS In the course of conducting examinations of mortgage licensees, the Department is finding a large number of loan applications that are not signed and dated by the loan officer and borrower. Mortgage Division Rule 80-11-2-.04 lists a signed mortgage loan application as one of the many items required to be included in a loan file. In the event that the loan application is taken in person, there is no excuse for not having both the signature of the borrower and loan officer. If the application is taken via phone, mail, or internet, the loan officer must sign and mail the application to the borrower for them to sign and return. Some licensees have expressed concern about borrowers failing to return the disclosure packet, and they cite this as a reason that their loan officers do not sign or date the application. Not maintaining a signed loan application is a violation. Additionally, Rule 80-11-1-.01(6)(b) states that the licensee is responsible for keeping a copy of the acknowledgement letter that is mailed out to the borrower. This letter can serve as proof that the licensee mailed the disclosure packet out within the allotted timeframe regardless of whether or not the borrower returned it as requested. September 2007 Page 3 News--Continued Hiring of Felons responsibility for those checks, and reviewing the conviction status of any employee anywhere, rests with the applicant or licensee. 2008 STATE HOLIDAYS As most of you are aware, O.C.G.A. 7-1-1004(d) provides in pertinent part that "The Department may not issue or may revoke a license if it finds that the applicant or licensee or any person who is a director, officer, partner, agent, employee, or ultimate equitable owner of 10 percent or more of the applicant or license.....has been convicted of a felony involving moral turpitude..." In short, if an applicant employs a felon, then the Department may not issue a license to the applicant, and may revoke an existing license. (There are circumstances, such as a pardon, which "cure" a conviction, permitting a person to work in the industry). It has been argued that a licensee's employees who work for the licensee in another state are not subject to this provision if they do not work on Georgia loans or handle the files of Georgia consumers, as these are not "covered employees" as defined in GRMA O.C.G.A. 7-1-1004(f). The purpose of making a distinction regarding "covered employees" and the requirement by licensees to run the GCIC background checks on those employees is to specify that the applicant or licensee has the primary responsibility for conducting background checks on those covered employees, while the Department is responsible for conducting background checks on principals of the company as denoted in an application or subsequent change in management for the company. The Code also states that the Department shall be entitled to review the applicant's or licensee's files to determine whether the required background checks have been run and whether all covered employees are qualified. The following is a list of State Holidays when the Capitol and all State agencies will be closed in 2008.. Holiday New Year's Day 2008 Date/Observed Date January 1st - Tuesday Robert E. Lee's Birthday January 19th - Saturday Observed Friday, Nov 28th Martin Luther King Jr.'s Birthday Washington's Birthday January 21st - Monday February 18th - Monday Observed Friday, Dec 26th Confederate Memorial Day Memorial Day Independence Day April 28th - Monday May 26th - Monday July 4th - Friday Labor Day Columbus Day Veteran's Day September 1st - Monday October 13th - Monday November 11th - Tuesday Thanksgiving Day November 27th - Thursday So, to state that an out-of-state employee who may or may not work on Georgia residential mortgage loans is not covered by the provisions regarding the prohibition of the employment of a felon, as the person is not a "covered employee", is incorrect. Employment of a an out-of-state employee who is a felon is a ground for the denial of a license application or revocation of an existing license. The Department may conduct such checks on "covered employees" (those who work in Georgia) but the primary Christmas Day Observance of Lee's Birthday Friday, Nov 28thth December 25th - Thursday Observance of Washington's Birthday Friday, Dec. 26th Page 4 September 2007 DBF's Customer Service Stars for the Month of August It is the Department's goal to provide excellent customer service, meeting and exceeding the expectations of our customers. Along those lines, we would like to recognize the following individuals or groups for going above and beyond in serving our customers: Melinda Kinard, Director of Mortgage Licensing and Money Service Businesses (Non-Depository Financial Institutions Division): The Department received comments from a customer stating: "I just wanted you to know that I have been sending out emails to different states requesting information on mortgage licensing (we are in Florida, but building in Georgia) and Ms. Kinard has been by far the most helpful and timely out of them all. She not only answers my questions but usually the same day. Kudos to Ms. Kinard." The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State. The Department also has regulatory and/or licensing authority over mortgage brokers, lenders, and processors, money service businesses, international banking organizations, and bank holding companies conducting business in Georgia. Our MISSION is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision. Our VISION is to be the best financial services industry regulator in the country Progressive. Proactive. ServiceOriented. REMINDER--New Mortgage Application and License/Registration Amendment Forms CONGRATULATIONS AND GREAT JOB TO THIS MONTH'S CUSTOMER SERVICE STARS!! September 2007 Administrative Actions CEASE AND DESIST ORDERS--ISSUED Page 5 A-1 Financial Services, Inc, Stuart, FL (license no. 18634) Cease and Desist Order issued August 17, 2007 became final on September 16, 2007. Aegis Loan Servicing, LP, Houston, TX (license no. 21569) Cease and Desist Order issued August 17, 2007 became final on September 16, 2007. AGA Investors, LLC dba Albany Home Zone, Albany, GA (license no. 17491) Cease and Desist Order issued August 2, 2007 became final on September 1, 2007. All Credit Home Loans, Inc., Canton, GA (license no. 21595) Cease and Desist Order issued August 6, 2007 became final on September 5, 2007. AlliedState Mortgage, LLC, Snellville, GA (license no. 20985) Cease and Desist Order issued August 10, 2007 became final on September 9, 2007. American Discount Mortgage, Inc., Union City, GA (license no. 14138) Cease and Desist Order issued August 8, 2007 became final on September 8, 2007. American Home Mortgage Acceptance, Inc., Melville, NY (license no. 19321) Cease and Desist Order issued August 7, 2007 became final on September 6, 2007. C-Bass Funding X, LLC, New York, NY (license no. 18640) Cease and Desist Order issued August 17, 2007 became final on September 16, 2007. CBB, Inc. dba Bretlin Home Mortgage, East Lansing, MI (license no. 20088) Cease and Desist Order issued August 21, 2007 became final on September 20, 2007. E. C. Mortgage, Inc., Atlanta, GA (license no. 16895) Cease and Desist Order issued August 8, 2007 became final on September 8, 2007. First Accomplishment Mortgage, Inc., Forest Park, GA (license no. 21616) Cease and Desist Order issued August 8, 2007 became final on September 20, 2007. First Magnus Financial Corporation dba Am Trust Mortgage, Tuscon, AZ (license no. 16191) Cease and Desist Order issued August 21, 2007 became final on September 20, 2007 Freedom Mortgage, LLC, Smyrna, GA (license no. 15389) Cease and Desist Order issued August 22, 2007 became final on September 22, 2007. Home First Mortgage, Inc., Alpharetta, GA (license no. 19030) Cease and Desist Order issued August 8, 2007 became final on September 8, 2007. Page 6 September 2007 CEASE AND DESIST ORDERS--ISSUED Integrity Mortgage & Lending Solutions, LLC, Mableton, GA (license no. 19743) Cease and Desist Order issued August 2, 2007 became final on September 1, 2007. J B Mortgage Financial, LLC, Boca Raton, FL (license no. 21349) Cease and Desist Order issued August 9, 2007 became final on September 8, 2007. Jules Mortgage Finance, LLC, Atlanta, GA (license no. 21837) Cease and Desist Order issued August 2, 2007 became final on September 1, 2007. Keystone Lending, LLC, Dunwoody, GA (license no. 19414) Cease and Desist Order issued August 23, 2007 became final on September 25, 2007. McDowell, Samuel R., Augusta, GA Cease and Desist Order issued August 14, 2007 became final September 14, 2007. Mandalay Mortgage, LLC dba Capital Six Funding (license no. 20990) Cease and Desist Order issued August 23, 2007 became final on September 26, 2007. Mortgage Capital Group, Loveland, CO Cease and Desist Order issued August 24, 2007 became final on September 24, 2007 Prime Mortgage Lending, LLC, Doraville, GA (license no. 21016) Cease and Desist Order issued August 23, 2007 became final on September 22, 2007. Primrose Mortgage Company, Inc., Woodstock, GA (license no. 7335) Cease and Desist Order issued August 17, 2007 became final on September 19, 2007. Sallie Mae Home Loans, Inc., Novi, MI (license no. 21056) Cease and Desist Order issued August 29, 2007 became final on September 30, 2007. Southern Star Mortgage Corporation, East Meadow, NY (license no. 17480) Cease and Desist Order issued August 21, 2007 became final on September 23, 2007. Specialty Mortgage, Inc., Duluth, GA (license no. 19711) Cease and Desist Order issued August 2, 2007 became final on September 1, 2007. Sunrise Financial, Inc., Northbrook, IL (license no. 16400) Cease and Desist Order issued August 24, 2007 became final on September 26, 2007. Washington, Carlos, Decatur, GA Cease and Desist Order issued August 17, 2007 became final on September 7, 2007. September 2007 Page 7 FINAL CONSENT ORDERS --ISSUED Exclusive Metro Mortgage, LLC, Atlanta, GA (license no. 16141) Consent Order issued on September 19, 2007 became final on September 19, 2007. Thrift, Framk A., Kennesaw, GA - Consent Order issued on September 19, 2007 became final on September 19, 2007. Wise, Aaron Michael, Chicago, IL Cease and Desist Order issued September 19, 2007 became final on September 19, 2007. FINAL CONSENT ORDERS --LIFTED OR RESCINDED Crown Mortgage, Inc., Martinez, GA (license no. 6808) Cease and Desist Order issued August 1, 2007 was rescinded on September 28, 2007. Thompson, Hortense, Stone Mountain, GA - The finality of the Cease and Desist Order issued August 17, 2007 was rescinded. 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 FINE REASON 9 Licensees fined for Advertising Violations 2 Licensees fined for Background Checks Violation 3 Licensees fined for Books & Records 3 Licensees fined for Unapproved Branch Manager 1 Licensee fined for Employee under C&D or Revocation 157 Licensees fined for $6.50 Fees not paid 2 Licensees fined for Loan Files not properly maintained 1 Licensee fined for doing business w/ Unlicensed Entity Page 8 September 2007 LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED ID# NAME 5903 5931 6443 6977 7335 7410 13042 13167 13756 14138 14650 14901 15242 15300 15317 15389 16141 16191 16400 16785 16895 16930 17171 17211 17408 17480 17491 17530 17621 17885 17886 17897 18483 18634 19030 19414 19683 MTG ASSOCIATED LENDING CO HOMESTATE MTG CORP SOUTHERN FINL MTG CORP AMERIQUEST MTG CO PRIMROSE MTG CO BANN COR MTG UNITED FINL MTG CORP EEWC INC MERCANTILE MTG CO AMER DISCOUNT MTG INC AMER HM MTG CORP HOME LOAN SPECIALISTS INC SOUTHERN FEDERATED MTG ALTA FINL CORP HEATHROW FUNDING INC FREEDOM MTG LLC EXCLUSIVE METRO MTG LLC 1ST MAGNUS FINL CORP SUNRISE FINL INC CALUSA INV LLC EC MTG INC DOUGLAS MTG GRP LLC EQUITY FIRST MTG INC LENDING GRP INC ARGENT MTG CO LLC SOUTHERN STAR MTG CORP AGA INVESTORS LLC 1ST DISOUNT MTG LLC GA FAMILY MTG INC AEGIS WHOLESALE CORP AEGIS MTG CORP MTG STORE FINL INC WINSTAR MTG PARTNERS INC A-1 FINL SVCS INC HOME FIRST MTG INC KEYSTONE LENDING LLC STATELY MTG INC IN SEPTEMBER 2007 CODE REVOKED EXPIRED BD LD 09-15-2007 BD LD LD 09-19-2007 LD LD BD LD BD 09-08-2007 LD LD BD LD LD BD 09-22-2007 BD 09-19-2007 LD 09-20-2007 BD 09-26-2007 LD LD 09-08-2007 BD BD LD LD LD 09-23-2007 BD 09-01-2007 LD BD LD LD LD LD LD 09-16-2007 BD 09-08-2007 BD 09-25-2007 BD SURRENDERED WITHDRAWN DENIED 09-10-2007 09-26-2007 09-28-2007 09-12-2007 09-05-2007 09-04-2007 09-10-2007 09-05-2007 09-05-2007 09-06-2007 09-05-2007 09-04-2007 09-18-2007 09-04-2007 09-12-2007 09-10-2007 09-28-2007 09-17-2007 09-26-2007 09-17-2007 09-17-2007 09-24-2007 09-12-2007 09-10-2007 19711 SPECIALTY MTG INC BD 09-01-2007 19743 INTEGRITY MTG & LENDING BD 09-01-2007 19815 LEWIS, KELVIN 20088 CBB INC BD 09-01-2007 BD 09-20-2007 September 2007 Page 9 LICENSEES/REGISTRANTS REVOKED, EXPIRED, SURRENDERED, WITHDRAWN OR DENIED ID# NAME IN SEPTEMBER 2007 (Continued) CODE REVOKED EXPIRED SURRENDERED WITHDRAWN DENIED 20094 AMC MTG SVCS INC LD 20226 AEGIS REIT CORP LD 20505 ACADEMY MTG CORP LD 20800 ULTIMATE MTG LLC BD 20850 GOOD FAITH MTG INC BD 20985 ALLIEDSTATE MTG LLC BD 20990 MANDALAY MTG LLC LD 21016 PRIME MTG LENDING LLC BD 21056 SALLIE MAE HM LOANS INC LD 21349 JB MTG FINL LLC BD 21535 LAKELAND REGIONAL MTG LD 21569 AEGIS LOAN SERVICING LP LD 21571 HOMECOURT MTG GRP INC LD 21595 ALL CREDIT HM LOANS INC BD 21616 1ST ACCOMPLISHMENT MTG BD 21837 JULES MTG FIN LLC BD TOTAL: 57 09-09-2007 09-26-2007 09-22-2007 09-30-2007 09-08-2007 09-16-2007 09-05-2007 09-20-2007 09-01-2007 09-28-2007 09-17-2007 09-18-2007 09-12-2007 09-28-2007 09-20-2007 09-12-2007 LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN SEPTEMBER 2007 MB ORIGINAL ID# COMPANY NAME CITY ST CD APPROVAL RENEWAL REINSTATED 19556 Building Generations Mortgage, McDonough GA L Inc. * 20966 DB Structured Products, Inc. # New York NY R 22652 Verizon Financial, LLC Canton MI B 22719 Daniel K. Chemwor Woodstock GA B 22732 N P, Inc. (FL) Boca Raton FL B 22740 D & R Mortgage Corp. Farmington MI L Hills 22801 Franklin Mortgage Solutions, LLC Springboro OH B 22814 Paragon Home Lending, LLC Brookfield WI L 22815 Atlanta Mortgage Consultants, Inc. Atlanta GA B 08-13-2004 01-20-2006 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 09-07-2007 22817 22819 22755 22757 22759 22760 VHS Financial Investment, Inc. L. A. Rock Properties, LLC Nathaniel Papillion Signature Home Lending, LLC McRaffi Corporation Atlanta Lending Incorporated Hinesville Marietta Duluth Atlanta Suwanee Lawrenceville GA B GA B GA B GA B GA B GA B 09-07-2007 09-07-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-07-2007 09-07-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 Page 10 September 2007 LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN SEPTEMBER 2007 ID# COMPANY NAME 22764 Kinder Mortgage, Inc. City Clermont ST MB CD FL B 22773 Shakiethia Nicole Wheeler Riverdale GA B 22790 Benchmark Home Mortgage, Inc. Ft. Myers FL B 22792 Low.com, Inc. Los Angeles CA B 22795 M2 Lending Solutions, LLC 22796 Money Warehouse, Inc. Greenwood CO B Village Southampton PA L 22803 22805 American Mortgage Investment Partners LLC Kairos Lending, LLC Bannockburn IL L Atlanta GA B 22809 22844 Consumer Solutions, LLC (Delaware) Atlanta Mortgage Broker Inc. Minnetonka MN L McDonough GA B 22848 22850 First Founders Mortgage Corporation Kelly Mortgage and Realty, Inc. Tampa Aliso Viejo FL B CA B 22852 CEVA Mortgage, Inc. Fairburn GA B 22854 Eileen Mortgage Funding, Inc. Southfield MI B 22856 22865 Goodman Financial Institute of America, Inc. Integrity Mortgage Services, Inc. St. Petersburg Tucker FL B GA B 22739 The Potter's Mortgage, Inc. 22774 BH Financial, LLC Deerfield Beach Suwanee FL B GA B 22806 William Valduga Louisville GA B 22812 United Mortgage Corporation (FL) Cape Coral FL L 22822 Chemtov Mortgage Group Corp. Miami Beach FL L 22833 Rhea Elaine Acklin Marietta GA B 22835 Alexandru Jerebie Norcross GA B 22845 22847 Contemporary Mortgage Services, Inc. Stenton Mortgage, Inc. Altamonte Springs Blue Bell FL L PA L 22855 Cole Realty and Lending, Inc. Laguna CA B Beach 22859 Mortgage Network Solutions, LLC Wilmington DE B 22862 Amerind Financial Group, Inc. Costa Mesa CA B 22864 American Home Loan Center, LLC Lakeland FL B 22879 Dalton Mortgage Group, Inc. Acworth GA L 22881 New Hope Lending, LLC Duluth GA B 22882 Marix Servicing, LLC New York NY L 21258 Sound Mortgage Solutions, Inc. + Jacksonville FL B 22729 Sutton Funding, LLC Melville NY L 22731 Network Unlimited, Inc. Columbus GA B 22832 CPA Mortgage Services, LLC 22840 First Life Mortgage, Inc. Salt Lake UT B City Los Angeles CA L ORIGINAL APPROVAL 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 04-07-2006 09-28-2007 09-28-2007 09-28-2007 09-28-2007 RENEWAL 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-14-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-21-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 REINSTATED St September 2007 Page 11 LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN SEPTEMBER 2007 ID# COMPANY NAME CITY ST MB CD ORIGINAL APPROVAL RENEWAL REINSTATED 22846 TruCap, LLC Armonk NY L 22851 GVC Mortgage, Inc. Pendleton IN L 22857 Keystone Home Mortgage, LLC Augusta GA B 22860 Priority Mortgage Corporation (FL) Clearwater FL B 22863 Mortgage Pro's, LLC Grand Rap- MI B ids 22880 Evergreen Home Mortgage, LLC Jonesboro GA B 22883 Phillip J. Boykin, Jr. Atlanta GA B 16614 Universal Mortgage Corporation Mequon WI L 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 04-28-2006 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-28-2007 09-07-2007 09-07-2007 21543 Capital First Lending, Inc. Golden CO B 08-04-2006 09-14-2007 09-14-2007 21958 Capital City Mortgage Incorporated Costa Mesa CA B (California) 15179 First American Realty Capital Los Angeles CA L Corp. 17997 Hometown Equity Mortgage of St. St. Peters MO L Louis, Inc. 6808 Crown Mortgage, Inc. Martinez GA L 12-01-2006 01-07-2000 01-10-2003 02-25-1994 09-14-2007 09-21-2007 09-21-2007 09-28-2007 09-14-2007 09-21-2007 09-21-2007 09-28-2007 TOTAL: 65 Page 12 September 2007 Georgia Department of Banking and Finance LICENSE STATUS CHANGE INDICATORS & MORTGAGE LICENSE CODES--(In Tables) 2990 Brandywine Road Suite 200 Atlanta, Georgia 30341-5565 Phone: (770) 986-1136 Fax: (770) 986-1654 or 1655 Email: dbfmort@dbf.state.ga.us License Status Indicators * Upgrade Broker to Lender + Downgrade Lender to Broker (MB CD) - Mortgage License Codes B Broker L Lender We're on the Web! dbf.georgia.gov # Upgrade Lender to Registrant P Downgrade Registrant to Lender R Processor Registrant Sign-up to Receive this Publication: This publication is delivered to interested parties via e-mail and is also available from the Department's website at:: http://dbf.georgia.gov. If you would like to be added to our distribution list, please send an e-mail to dbfpress@dbf.state.ga.us and indicate your name, the company you are with, and your phone number.