1999 to 2008 2008 - Rhode Island Department of Business Regulation

[Pages:28]DIVISION OF BANKING ADVERSE ACTIONS

1999 to 2008

Division of Banking Adverse Actions are listed chronologically in the attached list.

If you are looking for a specific licensee or entity you may press "Control" and the letter "f9 on your keyboard at the same time and that will prompt a screen to search the list. Due to mandates imposed upon the Department under R.I. Gen. Laws ?? 19-4-3, 19-14-23, and 38-2-1 et seq. the actual documents are not accessible on this website. You may request a copy of the actual document by filing a "Request To Inspect And/Or Copy Public Records of The Department of Business Regulation" (Central Management Regulation 1 page 4) which is available on the Department's website at the following link:

management/Central Management Regulation.pdf

2008

Name

Type of Action

Date

Order Number

South Bay Funding Corp.

Consent Agreement 1/3/08

08-01

Coast to Coast Mortgage and Funding LLC Royal Capital Funding, LLC

United Equity, LLC

Agency Mortgage Corp. Opteum Financial Services, LLC First NLC Financial Services, LLC Mortgage M.D., LLC Coast to Coast Mortgage and Funding, LLC Multi State Mortgage, Inc.

Prime Mortgage Financial, Inc.

Montgomery Mortgage Capital

Southern Star Mortgage Corp.

Mortgage Impression, Inc.

Emergency Order License Suspension

Order - License Suspension Order ? License Suspension

Order - License Suspension

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Emergency Order License Suspension

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

1/15/08 1/18/08 1/18/08 02/08/08 02/11/08 02/11/08 02/11/08 02/14/08 02/22/08 02/25/08 02/27/08 02/27/08 02/27/08

08-007 08-012 08-013 08-022 08-25 08-26 08-27 08-37 08-41 08-42 08-48 08-49 08-50

Challenge Financial Investors Corp. dba CFIC Home Mortgage

Order- License Revocation

02/27/08

08-51

Name

The Rhode Island Mortgage Store, Inc.

Limerock Financial, Inc.

Capital Financial Services, Inc.

Multi State Mortgage, Inc.

Old American Mortgage, Inc.

Brookside Mortgage Corp. Regional Mortgage Programs, Inc. East West Mortgage Company, Inc.

Veridian Financial, Inc.

Summit Mortgage, LLC dba SMT Mortgage, LLC Sage Credit Union, Inc. dba Safe Credit Uprising Mortgage Trust Corp. dba UMT Corp.

Mortgage Results Corp.

Lifetime Home Loans, Inc. Secure Mortgage Corp. dba SMC Lending

Dollar Mortgage Corp.

Patriot Financial USA, Inc.

Loans For Residential Homes Mortgage Corp. dba Loans For Homes Mortgage Lenders Network USA, Inc. dba Lenders Network, Inc. Prime Drug, Inc.

Type of Action

Emergency Order Suspending License

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation

Date

03/11/08

03/24/08 03/24/08 03/26/08 03/26/08 03/26/08 04/09/08 04/10/08 04/21/08 05/15/08 05/15/08 05/15/08 05/15/08 05/15/08 05/15/08 05/15/08 05/15/08

05/15/08

Consent Order License Surrender

Order-License Revocation

05/23/08 6/23/08

Order Number

08-64

08-69 08-73 08-74 08-75 08-76 08-86 08-085 08-087 08-095 08-096 08-097 09-098 08-099 08-100 08-102 08-103

08-104

08-109 08-116

Name

Type of Action

Lighthouse Credit Foundation, Inc.

Statewide Mortgage Company, Inc. dba SWMC, Inc. EHOMECREDIT Corp. dba FHB Funding

Order-License Revocation of Debt Management License

Order- License Revocation

Order- License Revocation

Consumer Financial Services of

Order- License

Massachusetts d/b/a CFS Mortgages Revocation

Global Mortgage, Inc. Mortgage Horizons, LLC

Order- License Revocation

Order- License Revocation

Key Leads Global, Inc.

Order- License Revocation

Streamline Holding, LLC dba Streamline Mortgage and Financial Services of Rhode Island

Order- License Revocation

Sakonnet Mortgage Group, Inc.

Pacific Wholesale Mortgage, Inc. Premier Residential Mortgage, Inc.

Allied Capital Mortgage Company dba Acme Home Loans

New Direction Mortgage Company Great New England Mortgage Company, Inc.

Cross Country Lenders dba Cross Country Mortgage

Freedom Mortgage Solutions, LLC

AFA Financial Mortgage Services, Inc. dba AFA Mortgage Services

Reliable Mortgage, Inc.

Order ? License Revocation

Order- License Revocation Order- License Revocation

Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation

Order- License Revocation

Date

07/30/08

08/06/08 08/06/08 08/06/08 09/11/08 09/11/08 09/11/08

09/15/08

10/1/08 10/7/08 10/7/08 10/7/08 10/7/08 10/7/08 10/8/08 10/8/08 10/22/08 10/22/08

Order Number

08-128

08-131 08-132 08-133 08-140 08-141 08-142

08-144

08-151 08-156 08-157 08-158 08-159 08-160 08-162 08-163 08-166 08-167

Name

Terwin Advisors, LLC dba Streamline Direct Mortgage Narragansett Bay Funding Corp.

TLP Funding Corporation

Ascella Mortgage

First Home Capital Corporation

Quik Fund, Inc. Hometown Mortgage Co., Inc. dba HT Mortgage Colonial Mortgage Group, Inc.

Federal Mortgage Savings, Inc. American Mortgage Bankers Corp.

Mid Atlantic Capital, LLC

International Lending, LLC

Ascella Mortgage Franklin Mutual Mortgage Corporation Equity One Financial Corp. dba Equity First Financial Corp. Investment Mortgage Corp. Above & Beyond Financial Services, Inc. Fairfield Financial Mortgage Group, Inc. Money House Mortgage, Inc.

Carteret Mortgage Corporation

Mortgage Mart, LLC Mortgage Town USA dba New England Funding

Type of Action

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Order- License Revocation

Date

10/22/08 10/22/08 10/24/08 10/24/08 10/28/08 10/28/08 10/28/08 11/10/08 11/10/08 11/13/08 11/13/08 11/13/08 11/14/08 11/26/08 11/26/08 11/26/08 11/28/08 11/28/08 11/28/08 11/28/08 11/28/08 11/28/08

Order Number

08-168 08-169 08-170 08-171

08-172

08-173 08-174 08-176 08-177 08-179 08-180 08-181 08-182 08-215 08-216 08-217 08-218 08-219 08-221 08-222 08-223 08-224

Name

Powerline Mortgage & Loan, Inc. Advanced Mortgage Network, Inc. Bayside Home Mortgage Corporation Kerry A. Sumner dba Nationwide Mortgage

Optima Mortgage Corporation

Amber Mortgage Corporation Northern Mortgage Services, LLC dba NMS Mortgage Vincar Services, Ltd. dba North pro Services Liberty Mortgage Company Carteret Mortgage Corporation

Mortgage Partners, Inc.

6:10 Services dba Debt Free America

Name

Mortgage Lenders Network dba Lenders Network, Inc. The Compass Mortgage Group, Inc. Homestead Mortgage Corp. dba Approval Mortgage Co. Guaranty National Mortgage Corp.

Aspen Mortgage Services, Inc.

Bay Capital Corp. dba Cap Mortgage Corp. Central Pacific Mortgage dba New England Pacific Mortgage

Type of Action

Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation Order- License Revocation

Consent Agreement

Consent Agreement Letter of Admonishment

Consent Agreement

Date

11/28/08 11/28/08 12/11/08 12/11/08 12/31/08 12/31/08 12/31/08 12/31/08 01/10/08 01/10/08 06/05/08 07/01/08

Order Number

08-225 08-226 08-234 08-235 08-238 08-239 08-240 08-241 08-08 08-09 08-16

08-21

2007

Type of Action

Order - License Suspension

Order - License Revocation

Order - License Revocation

Order - License Revocation Order ? License Revocation

Order- License Revocation

Emergency Order Suspension

Date

January 19, 2007 January 22, 2007 January 22, 2007 January 23, 2007 February 23, 2007 February 23, 2007 March 1, 2007

Order Number

07-006 07-020 07-021 07-023 07-049 07-050 07-057

Name

Type of Action

Date

New Century Mortgage Corp. and its Affiliates: New Century Credit Corp.: Home 123 Corporation

Order - Emergency Suspension

March 14, 2007

Harbourton Mortgage Investment Corp.

People's Choice

Ownit Mortgage Solutions, Inc.

Arlington Capital Mortgage Mortgage Corp. Windsor Financial Mortgage

Clearlight Mortgage Corp. Central Pacific Mortgage Company dba New England Pacific Mortgage Company Southstar Funding LLC

Quick Solution Mortgage

Clearlight Mortgage Co.

Corestar Financial Group, LLC Act Lending Corp. dba Act Mortgage Capital AFI Financial Inc. Nationstar Mortgage, LLC dba Champion Mortgage Company Cross Checking Inc.

Curo Banc LLC

First American Mortgage Corp. dba First AM Mortgage of Massachusetts

Order - License Revocation

Order- License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation Order - License Revocation

Order - License Revocation

April 4, 2007

May 8, 2007 May 10, 2007

May 30, 2007 June1, 2007 May 9, 2007

May 18, 2007 May 23, 2007 June 1, 2007 June 1, 2007 June 4, 2007 June 4, 2007 June 4, 2007 June 4, 2007 June 4, 2007 June 4, 2007

Order Number

07-082

07-099

07-0123 07-127

07-150

07-156 07-132 07-137 07-143 07-156 07-157 07-159 07-160 07-161 07-162 07-163 07-164

Name

Affiliated Financial Mortgage Corp. dba Greater Affiliated Financial Home Consultants, Inc, dba HCI Mortgage Liberty Funding Services Inc. dba FFS Inc. Little Rhody Mortgage Corp.

Medallion Mortgage Inc.

Safeguard Mortgage, LLC

John R. Cusson dba State Mortgage

T.S.F. Mortgage Company, Inc.

Quantum Auto Group, LLC

A.S.A.P. Mortgage Corp. American Dream Mortgage Corp. Maritime Mortgage Corp.

Affordable Funding Corp Liberty Mortgage Company

Intrust Mortgage Services, LLC

Lighthouse Funding, LLC Design A Mortgage, LLC

Mass Lending, LLC

Newport Grand, LLC Main Street Mortgage, LLC

Type of Action

Date

Order - License Revocation

Order - License Revocation Order - License Revocation

Order - License Revocation

Order - License Revocation Order - License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation

Order - License Revocation Order ? License Revocation Order ? License Revocation Order ? License Revocation Order ? License Revocation

Order ? License Revocation Order ? License Revocation Order ? License Revocation

Consent Order

Order ? License Revocation

June 4, 2007

June 4, 2007 June 4, 2007 June 4, 2007 June 4, 2007 June 4, 2007

June 4, 2007

June 4, 2007 June 5, 2007 June 5, 2007 June 8, 2007 June 8, 2007 June 11, 2007 June 12, 2007 June 12, 2007 June 12, 2007 June 12, 2007 June 13, 2007 June 21, 2007 July 31, 2007

Order Number

07-165

07-166 07-167 07-168 07-169 07-170

07-171

07-172 07-173 07-174 07-181 07-182 07-183 07-188 07-189 07-190 07-191 07-192 07-43 07-249

Name

American Home Mortgage Corp. dba American Home Mortgage dba American Brokers Conduit and its affiliate American Home Mortgage Acceptance United Financial Mortgage Corp. & United Financial Mortgage corp. dba Ampro Mortgage First Magnus Financial Corporation Aegis Funding Corp. dba Aegis Home Equity; Aegis Funding Corp. and Aegis Wholesale Co.

Dana Capital Group, Inc.

First Financial Mortgage & Investment, Inc.

Mila, Inc.

All States Mortgage Company, Inc.

Christopher & Regan Marine Financing, Inc.

First Source Financial USA Inc.

Sunset Mortgage Company, L.P.

Geneva Mortgage Corp.

Entrust Mortgage Inc

Phoenix Mortgage Corporation

The Lending Group, Inc. dba Lending Group, Inc. Residential Mortgage lenders Freedom Financial Network, LLC aka Freedom Debt Relief DBI Management Co., LLC dba International Mortgage Co.

Type of Action

Date

Emergency Order License Suspension

August 2, 2007

Order Number

07-250

Order - License Revocation

August 15, 2007

07-261

Emergency Order License Suspension

Emergency Order License Suspension

Order - License Revocation Order - License Revocation Order - License Revocation Order - Cease and Desist

Order -License Revocation

Order - License Revocation Order - License Revocation Order ? License Revocation Order ? License Revocation

Order - License Revocation

Order - License Revocation

Order - Cease and Desist Order - License Revocation

August 27, 2007 August 27, 2007 August 31, 2007 September 18, 2007 September 20, 2007 September 17, 2007 September 24, 2007 October 2, 2007 October 2, 2007 October 5, 2007 October 5, 2007 October 18, 2007 October 31, 2007 November 14, 2007 November 16, 2007

07-265 07-266 07-276 07-287 07-290 07-286 07-294 07-298 07-299 07-302 07-303 07-307 07-315 07-334 07-343

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