Mortgage

Mortgage

Department Enters into Consent Order with Generation Mortgage Company

Atlanta, GA - April 30, 2013 - (RealEstateRama) -- On April 29, 2013, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Generation Mortgage Company, License Number 22292, located at 3565 Piedmont Road NE, 3 Piedmont Center, Suite 300, Atlanta, Georgia 30305-1538, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

House Democrats Want President to Intervene in Mortgage Relief Backlog

WASHINGTON, D.C. - April 11, 2013 - (RealEstateRama) -- Rep John Lewis wrote another letter to President Obama, this time signed by 28 other Members of Congress requesting he issue an Executive Order to help release the flow of mortgage relief funds to the hardest hit regions in the mortgage foreclosure crisis. The banks are well on their way to recovery but millions of Americans are hanging by a thread, hoping against hope that they will receive some kind of federal mortgage support before it’s too late.

Department’s Revocation of Mortgage Loan Originator License of Shalonne Freeman Becomes Final

Atlanta, GA - March 15, 2013 - (RealEstateRama) -- On March 13, 2013, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License (“Notice”) issued to Shalonne Freeman, Nationwide Mortgage Licensing System number 195544, Georgia Mortgage Loan Originator License number 25624, located at 1396 Gray Hwy. Macon, GA 31201, became final

Department Enters into Consent Order with Nicholas Justin Yeargin

Atlanta, GA - March 12, 2013 - (RealEstateRama) -- On March 7, 2013, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Nicholas Justin Yeargin, License Number 28863 to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

Georgians Have Received Over $942 Million in Relief from National Mortgage Settlement

WASHINGTON, D.C. - February 21, 2013 - (RealEstateRama) -- Attorney General Sam Olens announced that approximately 18,255 Georgia borrowers received mortgage relief totaling $942,103,278 as a result of the National Mortgage Settlement with the nation’s five largest mortgage servicers. On average, Georgia borrowers were provided $51,600 in relief in the form of mortgage modifications and refinancing.

Suit Filed to Stop Alleged Loan Scam Operation Targeting African Americans in Metro Atlanta

ATLANTA, GA - February 21, 2013 - (RealEstateRama) -- On February 15, 2013, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) and pro bono counsel King & Spalding filed a lawsuit in the United States District Court for the Northern District of Georgia, Atlanta Division, against a purported loan modification company and other individuals. The case is brought on behalf of 18 African American plaintiffs, 17 of whom live in the Atlanta metro region and one who lives in Alabama

Reps. Lewis, Scott, Johnson to Governor Deal: Invest mortgage settlement funds in foreclosure prevention

ATLANTA, GA - June 25, 2012 - (RealEstateRama) -- U.S. Representatives John Lewis, David Scott, and Hank Johnson today urged Georgia Governor Nathan Deal, Community Affairs Commissioner Michael Beatty, and Economic Development Commissioner Chris Cummiskey to ensure that the $104 million awarded to Georgia from the National Mortgage Settlement be invested in foreclosure prevention.

Joint Statement of Reps. Lewis, Scott, Johnson regarding use of mortgage settlement funds

June 25, 2012 - (RealEstateRama) -- Yesterday, U.S. Reps. John Lewis, David Scott, and Hank Johnson sent a letter to Georgia Governor Nathan Deal, Community Affairs Commissioner Michael Beatty, and Economic Development Commissioner Chris Cummiskey urging that the *$104 million the State of Georgia received from the National Mortgage Settlement be invested in foreclosure prevention.

REAL ESTATE MORTGAGE NETWORK, INC., EXPANDS IN THE ATLANTA AREA WITH THE ADDITION OF...

ATLANTA, GA - March 22, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce a new addition to their Atlanta area team in Duluth, GA. Effective immediately, Matt DeCesaro will join REMN as the Duluth office’s new Branch Manager, reporting directly to Angie Gora and Todd Greak, REMN’s Georgia State Managers. DeCesaro, along with the other associates in the Duluth office, will continue REMN’s tradition of providing area home buyers, home owners and real estate professionals with the customer service driven, quality-focused mortgage experience the company is known for nationwide

Georgia Men Sentenced to Prison for Reverse Mortgage Scheme

ATLANTA, GA - February 27, 2012 - (RealEstateRama) -- A group of mortgage fraud conspirators were sentenced to prison by U.S. District Court Judge Julie Carnes today in federal district court on multiple charges relating to a reverse mortgage scheme targeting the elderly. Kelsey Torrey Hull, 39, of Lithonia, Ga.; Jonathan Alfred Kimpson, 28, of Lithonia; James Michael Green, 44, of Lilburn, Ga.; Herbert Bush, 31, of Atlanta; Wilbur “Sonny” Letak, 44, of Atlanta; and Kevin Claude Barnett, 28, of Atlanta were all sentenced for their roles in the scheme.

Major Mortgage Relief for Georgia Homeowners

Washington, DC - February 15, 2012 - (RealEstateRama) -- Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

Georgia Department of Banking and Finance Enforces Mortgage Loan Originator Licensing Requirement; Order to...

Atlanta, GA - January 19, 2012 - (RealEstateRama) -- an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Anthony Ruffolo aka Ronnie Tony Ruffolo of Roswell, Georgia became final

Georgia Department of Banking and Finance Revokes Annual License of Citizens First Mortgage Solutions,...

Atlanta, GA - January 16, 2012 - (RealEstateRama) -- On January 6, 2012, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License of Citizens First Mortgage Solutions, Inc., located at 2330 Scenic Highway, Suite 111, Snellville, Georgia 30078, mortgage broker’s license number 15287, Nationwide Mortgage Licensing System (“NMLS”) number 169620, became final

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Fortune...

Atlanta, GA - December 12, 2011 - (RealEstateRama) -- On December 7, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Fortune Mortgage Company, Inc. dba Fortune Mortgage Corp. dba Fortune Group located at 2100 Smallman Street, Pittsburgh, PA 15222 became final.

REAL ESTATE MORTGAGE NETWORK, INC., HIRES ANGIE GORA AND TODD GREAK AS GEORGIA STATE...

ATLANTA, GA - September 9, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is pleased to announce the hiring of two new Georgia State Managers to help the company continue its growth throughout the region. Angie Gora and Todd Greak, both veterans of the Georgia mortgage industry, will report directly to Greg Janicki, REMN’s Southeast Regional Manager, who joined the company in February of this year. Together, Gora and Greak will work to grow REMN’s footprint throughout Georgia as the company expands in the southeastern US.

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Mayor Kasim Reed Advances $380 Million in New Transportation Infrastructure Spending...

Mayor Kasim Reed announced today that the Atlanta City Council has voted 13 to 1 to approve a measure to put a special local option sales tax (TSPLOST) referendum on the November ballot to fund transportation related infrastructure projects throughout the City of Atlanta. The ballot referendum will ask Atlanta voters to authorize a 0.4 percent sales tax increase for a five-year period. The TSPLOST is projected to generate approximately $260 million, which will be leveraged to generate additional matching funds.

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Atlanta REALTORS® Releases February 2018 Statistics on Housing Market

Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its February 2018 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single family residential properties