Banking And Finance

Businesses cited for unlicensed mortgage brokering

by The Associated Press

ATLANTA (AP) — The Georgia Department of Banking and Finance has issued cease and desist orders to two metro Atlanta businesses for brokering mortgages without valid licenses.

Officials Thursday issued the orders to Home Service Realty, based in Lawrenceville, and Citywide Financial Group Inc., based in Woodstock. Authorities say the businesses are violating the Georgia Residential Mortgage Act and have 30 days to either show proof of licensing or prove they are exempt from having licenses.

Calls to Home Service Realty and Citywide Financial Group Inc. were not immediately returned. Both businesses are registered with the Georgia Secretary of State.

Rod Carnes, Department of Banking and Finance spokesman, says the department finalized 66 cease and desist orders issued to businesses brokering mortgages without a license in 2012.


More Local

Fall fests, Halloween events on tap

The last weekend before Halloween arrives Saturday, and there are loads of Halloweenish things to do in the local area. Some of them are buc ... Read More


Four arrested for using fake $100 bills

Four men are possibly facing federal charges after attempting to use counterfeit $100 bills at The Home Depot on 1100 Bullsboro Drive. Robe ... Read More


Rape trial resumes today

The fate of accused rapist Benjamin Gray will be in the hands of the jury today. Closing arguments in the sleepwalking rape trial are schedu ... Read More


Perdue: broad energy policy needed

Campaigning in Newnan on Thursday, U.S. Senate candidate David Perdue said the nation needs a broad energy policy – one that includes ... Read More


Passenger injured in 2-car wreck on Hwy. 29

A Newnan man was seriously injured in a crash Thursday at Hwy. 29 and Weldon Road. James Hand was taken to Atlanta Medical Center by Coweta ... Read More

County delays retirement plan changes

A decision on an amendment to the retirement plan for county employees that would allow employees to participate in both the old pension pla ... Read More