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Department of Banking and Finance Enters into a Consent Order with Metro Home Mortgage...
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
Order to Cease & Desist Against Janus Mortgage, Inc. Littleton, CO Becomes Final
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.
Georgia Department of Banking and Finance Announces Multi-State Settlement with Taylor, Bean & Whitaker...
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
Department of Banking and Finance Enters into Consent Order with One World Mortgage Corporation...
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.
Order to Cease & Desist Issued to Raymond, Louis & Fitch, d/b/a RLF Housing...
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.
HUD Approves $12.7 Million Deal to Renovate 25-Bed Hospital in Washington, Georgia
WASHINGTON, DC - May 29, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Wills Memorial Hospital in Washington, Georgia to renovate its 25-bed facility. The $12.7 million loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program.
Department Enters into a Consent Order with Intelli Mortgage Services, Inc. and its President,...
Atlanta, GA - May 13, 2009 - (RealEstateRama) — On May 5, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Intelli Mortgage Services, Inc. d/b/a gointelli, License Number 16999, located at 4274 Shackelford Rd, Ste A 1, Norcross, Georgia 30093 and its President, Sung Doo (“John”) Chung, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.
Department’s Order to Cease and Desist Against Mortgage Loan Processing Services, Inc. Becomes Final
Atlanta, GA - May 13, 2009 - (RealEstateRama) — On May 4, 2009 an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Loan Processing, Inc. of Port Saint Lucie, Florida became final.
HUD Approves $84.7 Million Deal to Construct 65-Bed Hospital in Vidalia, Georgia
First FHA-Insured Hospital Loan in the State of Georgia. WASHINGTON - April 23, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a loan to Meadows Regional Medical Center (MRMC) in Vidalia, Georgia to construct a new 65-bed hospital to replace an existing 45-year-old facility. The $84.7 million loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program and is the first FHA-insured hospital loan in the state of Georgia.
New FICO Credit Score for Mortgage Lenders Debuts
BEACON Mortgage Score from Equifax offers unprecedented predictive power to help mortgage lenders and loan servicers make smarter mortgage decisions
Equifax Brings Increased Transparency to the Mortgage-Backed Securities Market
ATLANTA, GA - March 12, 2009 - (RealEstateRama) — In response to demand for increased transparency into the true health of mortgage loans, Equifax Inc. (NYSE: EFX has launched a breakthrough data solution for the mortgage-backed securities market.
Continued Bankruptcies, Late Payments, Mortgage Delinquencies Kick Off 2009 According to Equifax Report
ATLANTA, GA - March 04, 2009 - (RealEstateRama) — The deteriorating economy is evident in recent consumer credit woes as bankruptcies, past-due credit card payments and delinquent mortgages are beginning to pile up according to a new report by Equifax Inc. (NYSE:EFX)
Chateau Mortgage Corporation Revocation and Orders Against its Owners, John W. Moss and Barbara...
Atlanta, GA - October 23, 2008 - (RealEstateRama) — On October 10, 2008, the Georgia Department of Banking and Finance (“Department”) Notice of Intent to Revoke...
2008 Homeownership Summit
On Saturday, June 28th, from 9:00 am until 3:00 pm, various agencies and organizations that promote affordable housing, including the Atlanta Board of REALTORS®,...
Georgia is Still in the Top 10 – FBI 2007 Mortgage Fraud Report Highlights
The FBI released its 2007 Mortgage Fraud Report and Georgia still ranks in the top 10 states. This is a “brief” overview of what...