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Atlanta, GA - March 3, 2010 - (RealEstateRama) -- On February 26, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance ("Department") to Nathan Livingston d/b/a Loan Help Solutions d/b/a www.loanhelpsolutions.net d/b/a Mortgage Help Solutions located at 160 Clairemont Avenue, Suite 200, Decatur, Georgia 30030 became final

ATLANTA, GA - February 5, 2010 - (RealEstateRama) -- Governor Sonny Perdue announced today that Senator Bill Cowsert, one of the Governor’s Senate Floor Leaders, has introduced mortgage fraud legislation that would grant the Georgia Bureau of Investigation (GBI) jurisdiction to initiate investigations on offenses related to mortgage fraud. The legislation would create a mortgage fraud unit by partnering GBI, the Department of Banking and Finance and local law enforcement to investigate mortgage fraud crimes.

Atlanta, GA - February 3, 2010 - (RealEstateRama) -- On January 27, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Dependable Mortgage, LLC, License Number 19425, formerly located at 6030 Dawson Boulevard, Suite A, Norcross, Georgia 30093, and its owner, Gbenga Ibisanmi, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The Consent Order includes the following terms

Atlanta, GA - January 28, 2010 - (RealEstateRama) -- On January 25, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Lenox Financial Mortgage, LLC, mortgage lender’s license number 19100, located at 6 Piedmont Center, Suite 500, 3525 Piedmont Road, Atlanta, Georgia, 30305, as well as its members, Jon M. Shibley and Stefen Shibley,to resolve allegations that they violated the Georgia Residential Mortgage Act and the Georgia Fair Lending Act.The terms of the Consent Order include a series of requirements that Lenox Financial Mortgage, LLC, among other things, shall develop and implement policies, procedures and best practices that will ensure compliance with state law and related Department rules regarding Georgia residential mortgage activity. Lenox Financial Mortgage, LLC shall pay fines and make a contribution to the State Regulatory Registry, LLC to support the Nationwide Mortgage Licensing System.

Atlanta, GA - January 26, 2010 - (RealEstateRama) -- On January 22, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Contract Asset Management, LLC d/b/a Exclusive Properties located at 2550 Heritage Court, Suite 200, Atlanta, Georgia 30339 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Contract Asset Management, LLC d/b/a Exclusive Properties 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.

Atlanta, GA - January 25, 2010 - (RealEstateRama) -- On January 20, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Exclusive Metro Properties, LLC located at 2350 Spring Road #103, Smyrna, Georgia 30080 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Exclusive Metro Properties, LLC engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-100

Atlanta, GA - January 20, 2010 - (RealEstateRama) -- On January 19, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Roosevelt Mortgage Acquisition Company, located at 1540 Broadway, Suite 1606, New York, New York 10036, became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Roosevelt Mortgage Acquisition Company engaged in residential mortgage lending activities without a license or under an applicable exemption.

Atlanta, GA - December 7, 2009 - (RealEstateRama) -- On December 4, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Groupers Property Management Associates located at 1050 E. Piedmont Road, Suite E-167, Marietta, Georgia 30062 became final.

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- Homeowners seeking to take a "payment holiday" from their mortgage need to consider other alternatives to make certain they do not become delinquent on their most important asset - their home.

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- On December 2, 2009, the Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License of America’s First Home Mortgage Company, Inc., located at 405 North Robinson Street, Richmond, Virginia 23220, mortgage lender’s license number 5682, became final.

Atlanta, GA - December 1, 2009 - (RealEstateRama) -- On November 23, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Gateway Mortgage Group, LLC, License Number 20712, located at 6910 E. 14th Street, Tulsa, Oklahoma 74112, and its president, John Kevin Stitt, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

Atlanta, GA - December 1, 2009 - (RealEstateRama) -- On November 23, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with First-Rate Mortgage Inc., License Number 13134, located at 2377 Terrell Drive, Atlanta, Georgia 30341, and its president, Steven Post, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules

Atlanta, GA - November 18, 2009 - (RealEstateRama) -- On November 16, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Help Solutions d/b/a www.mortgagehelpsolutions.com located at 160 Clairemont Avenue, Suite 268, Decatur, Georgia 30030 became final.

Atlanta, GA - November 5, 2009 - (RealEstateRama) -- On December 18, 2008, the Georgia Department of Banking and Finance (“Department”) agreed to a settlement with SunnyMTG.com 866-768-CASH, LLC (“SunnyMTG”), License Number 20422, located at 1910 East Oakland Park Boulevard, Fort Lauderdale, FL 33306, and its owner Sumit Gaddh, to resolve alleged violations of the Georgia Residential Mortgage Act and agency rules.