Georgia RealEstateRama

Atlanta, GA - August 19, 2009 - (RealEstateRama) -- On August 14, 2009, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage, license number 20269, located at 9275 Sky Park Court, #125, San Diego, California 92123, became final.The Notice of Intent to Revoke Annual License provided that Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage failed to disburse funds in accordance with a written commitment or agreement to make a mortgage loan and engaged in any transaction, practice, or course of business that is not in good faith or fair dealing, or which operated a fraud upon any person, in connection with the attempted or actual making of, purchase of, or sale of any mortgage loan

Atlanta, GA - August 11, 2009 - (RealEstateRama) -- On August 7, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to FBC Mortgage, LLC of Orlando, Florida became final.

Atlanta, GA - August 11, 2009 - (RealEstateRama) -- On August 7, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with W.J. Bradley Mortgage Capital Corporation f/k/a Morgan Financial, Inc. (“W.J. Bradley Mortgage”), mortgage lender’s license number 20233, located at 201 Columbine Street, Denver, Colorado 80206, to resolve allegations of violations of the Georgia Residential Mortgage Act.

Atlanta, GA - August 10, 2009 - (RealEstateRama) -- On August 06, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Allied Home Mortgage Capital Corporation (“Allied Home Mortgage”) mortgage lender’s license number 7115, located at 6110 Pinemont Drive, Suite 215, Houston, Texas 77092, to resolve allegations of violations of the Georgia Residential Mortgage Act.

Atlanta, GA - July 31, 2009 - (RealEstateRama) -- On July 30, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Central Fidelity Mortgage Corporation, License Number 20543, formerly located at 3215 Haleys Way SE, Conyers, Georgia 30013, and its owner, Kim Strain, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

Atlanta, GA - July 30, 2009 - (RealEstateRama) -- On July 30, 2009, the Notice of Intent to Revoke Annual License issued by the Georgia Department of Banking and Finance (“Department”) became final against Capital Mortgage & Financial Group, Inc., mortgage broker’s license number 14639, formerly located at 3405 Piedmont Road, Suite 525, Atlanta, Georgia 30305.

Atlanta, Georgia - July 27, 2009 - (RealEstateRama) -- On July 23, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Relief Group, LLC of Tucker, Georgia became final.

Atlanta, GA - July 16, 2009 - (RealEstateRama) -- On July 14, 2009, the Georgia Department of Banking and Finance’s (“Department’s”) Amended Notice of Intent to Revoke Annual License of Georgia Mortgage & Realty, LLC, located at 203 Hilderbrand Drive, Sandy Springs, Georgia 30328, mortgage broker’s license number 5633, became final.

Washington, D.C. - July 10, 2009 - (RealEstateRama) — Congressman John Barrow (GA-12) announced today that the Georgia Housing Authority will receive $76 million in funding from the American Recovery and Reinvestment Act (Recovery Act) to increase the development of affordable housing units. These funds will support the construction, acquisition, and rehabilitation of housing for low-income families and individuals throughout the state. It will also create and preserve construction and non-construction jobs. The Recovery Act was passed by Congress with Congressman Barrow's support and signed into law by President Obama earlier this year.

Atlanta, GA - July 8, 2009 - (RealEstateRama) — On July 6, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Metro Home Mortgage Corporation, License Number 20433, formerly located at 6075 Roswell Road, Suite 605, Atlanta, Georgia 30328, and its chief executive officer, Roland Collymore, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules

New York, N.Y. - July 6, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, was selected by the Cobb County to provide design/build services for the $57 million Superior Court Building in Marietta, Ga. Completion is scheduled for December 2010

Atlanta, GA - June 24, 2009 - (RealEstateRama) — On June 19, 2009 an Order to Cease and Desist issued by the Georgia Department of Banking and Finance to Janus Mortgage, Inc., Littleton, CO became final.

Atlanta, GE - June 23, 2009 - (RealEstateRama) — The Georgia Department of Banking and Finance (Department) today announced a major agreement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006. This agreement will result in a detailed review of TBW’s nontraditional loan exceptions, the adoption of the federal loan modification program to assist struggling homeowners, and the payment of $9 million to assist the states in their oversight of mortgage origination practices

Atlanta, GA - June 4, 2009 - (RealEstateRama) — On May 28, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with One World Mortgage Corporation (“One World”), License Number 14483, located at 3039 Premiere Parkway, Suite 100A, Duluth, Georgia 30097, and its president, Alex J. Campos, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

Atlanta, GE - June 3, 2009 - (RealEstateRama) — On May 10, 2009 an Order to Cease and Desist issued by the Georgia Department of Banking and Finance to Raymond, Louis & Fitch, d/b/a RLF Housing Counseling Community Service, Jacksonville, FL, became final.