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Georgia Department of Banking and Finance Obtains a Court Order against Morningside Mortgage Management,...
Atlanta, GA - August 21, 2009 - (RealEstateRama) -- On August 12, 2009, the Fulton County Superior Court issued a Final Consent Order enjoining Morningside Mortgage Management, Inc. of Atlanta, Georgia, from further violation of the Georgia Department of Banking and Finance’s (“Department’s”) order requiring that it cease and desist from engaging in unlicensed residential mortgage activities.On September 4, 2008, a Cease and Desist Order issued by the Department became final against Morningside Mortgage Management, Inc. after it was determined that this company was engaging in residential mortgage activities without the appropriate license. After the Cease and Desist Order became final, Morningside Mortgage Management, Inc., via the internet, continued to engage in mortgage broker and lending activities for which a license was required by the Department.