Mortgage

WASHINGTON, DC - December 7, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the Effingham County Hospital Authority in Springfield, Georgia. The $31 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.

Atlanta, GA - November 23, 2010 - (RealEstateRama) -- On November 19, 2010, the Georgia Department of Banking and Finance’s (“Department’s”) Amended Notice of Intent to Revoke Annual License of Mortgage America, LLC, located at 3720 Farragut Avenue, Suite 500, Kensington, Maryland 20895, mortgage lender’s license number 22659, Nationwide Mortgage Licensing System number, 119791, became final

Atlanta, GA - September 27, 2010 - (RealEstateRama) -- On September 22, 2010, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to United Funding Mortgage Corporation d/b/a Vertical Mortgage Company, license number 20332, formerly located at 6485 Shiloh Road, Building B, Suite 102, Alpharetta, Georgia 30005, became final.

Atlanta, GA - July 26, 2010 - (RealEstateRama) -- Congressmen John Lewis, David Scott, and Hank Johnson are proud to announce their upcoming event to assist Atlanta area homeowners who may be struggling with their mortgages. The three members are joining forces with the U. S. Department of Housing and Urban Development, the U.S. Department of the Treasury, The Hope Now Alliance and NeighborWorks America for the "Help for Homeowners" project scheduled for Friday, July 30th 1:00PM to 7:30PM and Saturday, July 31st from 8:30AM to 3:00PM, at the Atlanta Marriott Marquis, 265 Peachtree Center Avenue. HUD Secretary Shaun Donovan will also be in attendance on Saturday, July 31st.

Washington, DC - July 9, 2010 - (RealEstateRama) -- Congressman David Scott invites you to attend the Help For Homeowners Community Event sponsored by the US Departments of Treasury and HUD.

Atlanta, GA - June 29, 2010 - (RealEstateRama) -- On June 22, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with eMortgage Group, LLC, License Number 22491, located at 125 Townpark Drive, Suite 300, Kennesaw, Georgia 30144and its owner, Erica Hill, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules

WASHINGTON, D.C. - June 24, 2010 - (RealEstateRama) -- With the support and backing of area Congressman Jack Kingston (R-GA), the U.S. House of Representatives today voted to extend the National Flood Insurance Program through September 30, 2010. The program, which lapsed on June 1, allows property and business owners as well as renters to purchase insurance against flood losses.

Atlanta, GA - June 17, 2010 - (RealEstateRama) -- On June 15, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to INQB8, LLC dba Discount Mortgage Relief dba www.discountmortgagerelief.com located in Phoenix, Arizona became final.

ATLANTA, GA - May 24, 2010 - (RealEstateRama) -- Georgia’s mortgage loan originators now have additional time to comply with the federal S.A.F.E. Mortgage Licensing Act of 2008 certification regulations thanks to the efforts of Sen. Donzella James (D-College Park). James, and loan originators from her district, met with the Georgia Department of Banking and Finance this week to propose an extension for certification requirements from April 31, 2010 to July 31, 2010. James worked diligently to extend the deadline after learning that many of her constituents were unaware of the new federal requirements.

May 20, 2010 - (RealEstateRama) -- The Georgia Department of Banking and Finance (Department) has just received confirmation from the U.S. Housing and Urban Development (HUD), the federal administrator of the S.A.F.E. Mortgage Licensing Act of 2008, that individuals may continue to conduct business as mortgage loan originators without being licensed until the close of business on July 31, 2010. Therefore, in an effort to minimize possible interruptions in employment the Department will allow loan originators lawfully employed by Georgia mortgage brokers and lenders to continue to work in the industry until the close of business on July 31, 2010, unless they have been notified otherwise by the Department

ATLANTA, GA - May 17, 2010 - (RealEstateRama) -- In an effort to prevent countless mortgage loan originators from losing their jobs, State Sen. Donzella James (D-College Park) will host a press conference on Tuesday, May 18 to announce her efforts to secure an extension of the certification deadline that is threatening to put Georgians out of work. In January, loan originators were given only two months to comply with new federal certification requirements, and James is encouraging the Georgia Department of Banking and Finance to grant an extension until the end of this year.

Atlanta, GA - April 29, 2010 - (RealEstateRama) -- On April 28, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to National Home Loan Advocates, LLC d/b/a www.nationalhomeloanadvocates.com located at 2591 Dallas Parkway, Suite 300, Dallas, Texas 75034 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that National Home Loan Advocates, LLC d/b/a www.nationalhomeloanadvocates.com engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002

Canton, GA - April 27, 2010 - (RealEstateRama) -- April 26, 2010—Realtor Colleen Moore recently made the switch to PrudentialGeorgia Realty. She is based out of Prudential Georgia Realty’s Cherokeeoffice, located on Riverstone Parkway in Canton.

April 1, 2010 - (RealEstateRama) -- The Making Home Affordable Program has been expanded to reach more homeowners who need help with their mortgages. Many Georgians are still struggling to keep up with their payments. Congressman Scott will continue to support policies to help homeowners turn the corner.

Atlanta, GA - March 31, 2010 - (RealEstateRama) -- On March 30, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with MTB Mortgage Inc. (“MTB Mortgage”), License Number 20290, formerly located at 4566 Lawrenceville Highway, Suite 101, Lilburn, Georgia 30047, and its owner, Olamide Arowolo, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The terms of the Consent Order include