In the following press release the Georgia Department of Banking and Finance announced that on October 10, 2007, the Georgia DBF’s (“Department’s”) Order to Cease and Desist issued to Richard Steele of Monroe, Georgia, became final.

Mr. Steele was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders.

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

In the following press release the Georgia Department of Banking and Finance announced that on October 10, 2007, the Georgia DBF’s (“Department’s”) Order to Cease and Desist issued to Sonya Hardeman of Covington, Georgia, became final.

Ms. Hardeman was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders.

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

In the following press release it was announced that o n June 8, 2007, the Georgia Department of Banking and Finance’s (“Department’s”) Order to Cease and Desist issued to James Nobles of Buford, became final.

Mr. Nobles was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders while in the employ of Home Loan Masters, Inc. and for performing mortgage activities for that company while being paid as an independent contractor or on a 1099 basis.

Pursuant to state law, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

Click here to read a copy of the Order to Cease and Desist issued to Mr. Nobles.

In the following press release it was announced that on June 8, 2007, the Georgia Department of Banking and Finance’s (“Department’s”) Order to Cease and Desist issued to Yolanda Padua of Lawrenceville, Georgia, became final.

Ms. Padua was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders while in the employ of Home Loan Masters, Inc. and for performing mortgage activities for that company while being paid as an independent contractor or on a 1099 basis.

Pursuant to state law, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

Click here to read a copy of the Order to Cease and Desist issued to Ms. Padua.

In the following press release the Georgia Department of Banking and Finance  announced that a Cease and Desist Order issued to loan officer Mark Raphael Rice of Atlanta, Georgia, became final.

Mr. Rice was issued a Cease and Desist Order by the Department for making misrepresentations in loan files submitted to mortgage lenders and for possessing loan documents signed in blank by borrowers. Rice made these representations whilst employed by First Integrity Mortgage Corporation and concerned loans brokered to Union Planters and Novastar.

Click here for the Cease and Desist Order

Click here for the a copy of the Decision which includes the facts of the case.

Pursuant to state law, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Cease and Desist Order has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

In the following press release the Georgia Department of Banking and Finance’s (“Department’s”) Cease and Desist Order issued to loan officer Kellee Harris of Riverdale, Georgia, became final today, May 17, 2007.

Ms. Harris was issued a Cease and Desist Order by the Department for making misrepresentations in loan files submitted to mortgage lenders. Pursuant to state law, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Cease and Desist Order has been issued within the preceding three years if the Order resulted from misrepresentations being made in loan documents.

A copy of the Cease and Desist Order issued to Ms. Harris can be accessed from the DBF’s website by clicking here.

In the following press release the Georgia Department of Banking and Finance announced that on May 2, 2007, (“Department’s”) Cease and Desist Orders issued to Charles Washington of Cumming, Georgia, became final.

A Cease and Desist Order was issued to Mr. Washington by the Department for misrepresenting material facts likely to induce a mortgagor to take a mortgage loan, misrepresenting or concealing information concerning mortgage transactions and for engaging in a course of business not in good faith.

Mr. Washington also was the recipient of another Cease and Desist Order for engaging in residential mortgage broker/lending activities without a license or under an applicable exception.

Pursuant to state law, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Cease and Desist Order has been issued within the preceding three years if the Order resulted from misrepresentations. It also is prohibited for any person to knowingly purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker/lender activities.

In the following press release the Georgia Department of Banking  announced that on March 5, 2007, a Cease and Desist Order issued by them to Derek Gabriel of Marietta, Georgia became final.

This Cease and Desist Order was issued to Mr. Gabriel by the Department for misrepresenting or concealing information concerning mortgage transactions, as well as engaging in a course of business not in good faith; failing to account for loan files; transacting business with a person who is unlicensed and unregistered, not exempt from licensing and registration requirements and who is not an employee of a mortgage broker or lender; and failing to properly maintain a mortgage loan transaction journal.

Pursuant to Georgia law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker/lender activities.

Click here to see the press release