Winter 2009 Mortgage Loan Bulletin by oiu19684

VIEWS: 210 PAGES: 11

									                                    M o rt g a g e L o a n
Providing Service, Protecting You
                                        BuLLetin
Arnold Schwarzenegger, Governor
Dale Bonner, Secretary, Business, Transportation and Housing Agency
Jeff Davi, Real Estate Commissioner                                                                                          Winter 2009


                                    Commissioner’s Message on Senate Bill 94
                                    O
                                      ver the past year and a half,        The new bill also requires the following written disclosure
                                      the DRE has committed           in at least 14 point bold type regarding loan modification and/
                                      considerable resources          or loan forbearance services prior to entering into any fee
                             combating loan modification              agreement with a borrower:
                             scams.
                                                                          “It is not necessary to pay a third party to arrange for a loan
                                  The Department is currently
                                                                      modification or other form of forbearance from your mortgage
                             investigating over 2,000 loan
                                                                      lender or servicer. You may call your lender directly to ask for
                             modification complaints and, in
                                                                      a change in your loan terms. Nonprofit housing counseling
                             just the past 12 months, has issued
                                                                      agencies also offer these and other forms of borrower assistance
                             over 400 desist and refrain orders
                                                                      free of charge. A list of nonprofit housing counseling agen-
and accusations against individual respondents for illegally
                                                                      cies approved by the United States Department of Housing
collecting advance fees. Most of the cases involve an unlicensed
                                                                      and Urban Development (HUD) is available from your local
scammer who has collected an advance fee in exchange for a
                                                                      HUD office or by visiting www.hud.gov.”
promise that the homeowner will receive a sustainable loan
modification; yet once the fee was paid little or nothing was             If loan modification or other loan forbearance services
done to get the borrower’s loan modified. A list of persons and       are negotiated or offered in Spanish, Chinese, Tagalog,
companies that the Department has taken action against can            Vietnamese, or Korean, a translated copy of the disclosure
be found at http://www.dre.ca.gov/cons_drs.asp.                       above must be given to the borrower in that foreign language.
    In recognition of widespread advance fee scams, the                    A violation of the law can result in fines and up to a year
Governor signed Senate Bill 94 on October 11, 2009. This              in jail.
measure goes right to the heart of the fraud as it prohibits any
person, including real estate licensees and attorneys, from               The prohibition regarding advance fees for loan modification
demanding, claiming, charging, collecting or receiving an             and forbearance services will be repealed on 1/1/2013 unless
upfront fee from a borrower in connection with a promise to           extended by the legislature. The requirement to provide a written
modify the borrower’s residential loan or to do some other            disclosure that it is not necessary to pay a third party for loan
form of mortgage loan forbearance. The advance fee prohibi-           modification services will not sunset in 2013.
tion for loan modification and forbearance services applies to            For a copy of Senate Bill 94, visit www.leginfo.ca.gov and
residential property containing four or fewer dwelling units.         click on “Bill Information”. Information is also available on the
And as an urgency bill, it went into effect immediately.              California Department of Real Estate at www.dre.ca.gov.



Senate Bill 36 — Mortgage loan activity notification

S
      enate Bill 36 was signed into           commencing the activities, whichever           red and green icon for "New Mortgage
      law and added Section 10166.02          is later. See the Excerpts from B&P            Loan Requirements, SAFE Act, and
      to the Business and Professions         Code Sections 10131.1 and 10131 (d)            SB 36." Licensees will verify their
Code (B&P). This section requires real        and (e) below for the descriptions of the      identities and will be asked to identify
estate brokers who make, arrange, or          applicable activities.                         all mortgage loan activities as well as
service loans secured by real property            Instructions for submitting this           any mortgage loan originator activities
containing one to four residential units      RE 866 Mortgage Loan Activity                  being performed.
and any salespersons who act in a similar     report electronically are posted on the            It is important to note that failure to
capacity under the supervision of a           Department’s Web site: www.dre.                submit the RE 866 in a timely manner
broker to report to the Department by         ca.gov. See "Highlights" on the upper          may result in the assessment of penalty
January 31, 2010 or within 30 days of         right side of the homepage and click the                           Continued on page 11
      Mortgage Loan                        Another update on the SAFE Mortgage
        BuLLetin                           Licensing Act
   Vol. 19 No. 2           Winter 2009

                                           I
                                               n the last two issues of the Real Estate   registers on the system. The DRE license
            State of California                Bulletin and the Spring 2009 issue         identification number will continue to be
      ARNOLD SCHWARZENEGGER                    of the Mortgage Loan Bulletin, we          used for the “base” real estate license
              Governor                     discussed the Federal Secure and Fair          and the term of the real estate license
                                           Enforcement Mortgage Licensing Act             will not change. Real estate licensees
       BuSineSS, tranSportation and
             HouSing agenCy                (SAFE Act) of the Housing and Eco-             will continue to be responsible for fil-
                DALE BONNER                nomic Recovery Act of 2008. The bill           ing the necessary renewal and change
                  Secretary                was signed into law on July 30, 2008, to       requirements to maintain their four year
                                           enhance consumer protection and reduce         real estate license.
        department of real eState          fraud in mortgage loan transactions.
                 JEFF DAVI                                                                     Following are the requirements to
                                           SAFE requires all 50 states and 5 terri-
          Real Estate Commissioner                                                        obtain an MLO license endorsement for
                                           tories to put into place a licensing system
                                                                                          existing real estate licensees. Individuals
               Principal Office
                                           for residential mortgage loan originators
                                                                                          who obtain an original real state license
               2201 Broadway               that meets the minimum requirements
                                                                                          after December 31, 2009, and who wish
            Sacramento, CA 95818           of the SAFE Act. We reported that the
                                                                                          to conduct MLO license activities, should
                                           Conference of State Bank Supervisors
             Mailing Address                                                              consult the DRE Web site for the most
                                           (CSBS) and the American Association
             P.O. Box 187000,                                                             current requirements.
                                           of Residential Mortgage Regulators
        Sacramento, CA 95818-7000
                                           (AARMR) created, and will maintain,                Applicants must successfully com-
                  Telephone                the Nationwide Mortgage Licensing              plete both the National and California
                (916) 227-0770             System and Registry (NMLS&R) with              Unique State component of the SAFE
                Barbara Bigby              oversight by the Department of Housing         written examination, administered by
         Chief Deputy Commissioner         and Urban Development (HUD). The               a NMLS&R vendor. The two compo-
                                           NMLS&R will contain a single license           nents are administered separately. The
                  Wayne Bell
                                           record for each mortgage loan lender,          National and state components of the
                 Chief Counsel
                                           broker, branch and mortgage loan origi-        examination are currently available to
                  Tom Pool                 nator which can be used to apply for,          be taken by all applicants. For further
   Assistant Commissioner, Legislation,    amend, and renew a license in any state.       information regarding the examination
   Public Affairs, and Mortgage Lending                                                   application and scheduling process, fees,
                                                California State Senate Bill 36 (SB
            Sylvia Yrigollen                                                              and examination content, you may visit
                                           36) was signed in October and allows
    Managing Deputy Commissioner III                                                      the NMLS&R Resource Center at http://
                                           DRE to implement the requirements of
           Mortgage Lending                                                               mortgage.nationwidelicensingsys-
                                           the SAFE Act. SB 36 also has a mandatory
                                                                                          tem.org and click on the Professional
                                           activity notification requirement for all
                                                                                          Requirements tab.
The Mortgage Loan BuLLetin is published    licensees who make, arrange, or service
as an educational service to real estate   loans secured by residential property               The SAFE Act prohibits the issu-
licensees engaged in mortgage lending      of one to four units which must be             ance of a MLO license endorsement if
activities.                                completed on RE Form 866. The form             an applicant has ever been convicted
                                           must be completed at the DRE Web site          of a felony involving an act of fraud,
Reproduction, in whole or in part, is
authorized with attribution to the DRE.
                                           or submitted to DRE by January 31, 2010        dishonesty, breach of trust, or money
                                           (see accompanying article).                    laundering, or convicted of any felony
             DRE’s Web site is:                                                           in the seven year period before filing an
                                                Real estate licensees who meet the
                                                                                          application for an endorsement. In addi-
              www.dre.ca.gov               definition of a residential mortgage
                                                                                          tion, the SAFE Act prohibits the issuance
                                           loan originator (MLO) must meet the
                                                                                          of a MLO endorsement if an applicant
                                           requirements outlined in the SAFE Act
                                                                                          has ever had a loan originator license
                                           by December 31, 2010. After all of the
                                                                                          revoked in any governmental jurisdic-
                                           requirements are met, DRE will issue a
                                                                                          tion. Finally, the SAFE Act requires that
                                           mortgage loan originator (MLO) license
                                                                                          applicants have demonstrated financial
                                           endorsement as authorized under a sepa-
                                                                                          responsibility, character, and general fit-
                                           rate real estate license. This endorsement
                                                                                          ness as to command the confidence of the
                                           will need to be renewed every year. This
                                                                                          community and warrant a determination
                                           endorsement will carry a nationwide
                                                                                          that the MLO will operate honestly, fairly,
                                           identification number known as a “unique
                                                                                          and efficiently. Applicants are cautioned
                                           identifier” which will be assigned by
                                           the NMLS&R when a MLO applicant                                      Continued on page 3


Mortgage Loan Bulletin                                          2                                                         Winter 2009
SAFE Act
Continued from page 2
to not initiate examination arrangements      result in an assessed penalty of $50 per    necessary application requirements no
if their background history conflicts with    day for the first 30 days and $100 per      later than September 15, 2010 in order
any of these requirements, since exami-       day thereafter up to a total of $10,000.    to allow for any needed application
nation and MLO license application fees           Licensees who intend to conduct         corrections.
are not refundable.                           residential MLO activities beyond                Additional information on the SAFE
     Applicants must have completed           December 31, 2010, are encouraged           Act and NMLS&R can be obtained at
20 hours of pre-license education in          to start completing the MLO license         http://mortgage.nationwidelicensing-
specified areas through a provider            endorsement requirements as early as        system.org and at www.csbs.org. Ques-
approved by CSBS. It may be possible          possible in 2010, due to the number of      tions can also be directed to the DRE’s
that current DRE licensees with pre-          steps that must be completed. Reasonable    Mortgage Loan Activities Unit at (916)
license education which was completed         efforts should be made to complete all      227-0770.
for their real estate license may have
already satisfied this requirement. DRE
is awaiting a final determination that will   New GFE standard form required by HUD
be posted on the DRE Web site as soon

                                              B
as it is known.                                      eginning January 1,
                                                     2010 the U.S. De-
     Applicants will be required to file
                                                     partment of Housing
an on-line MLO license endorsement
                                              and Urban Development
application on the NMLS&R which will
                                              (HUD) revised the Real Es-
include the payment of application fees
                                              tate Settlement Procedures
after DRE officially becomes part of the
                                              Act, (RESPA) and it requires
system in March 2010. Fees are charged
                                              lenders and mortgage brokers
by the registry and the DRE. Check the
                                              to provide consumers, in all
DRE Web site for further details and
                                              federally related mortgage
updates.
                                              loan transactions, with a
     All applicants must submit a new         standard three-page Good
set of fingerprints using a NMLS&R            Faith Estimate (GFE) that
live scan vendor. This is a separate set      discloses key loan terms and
of fingerprints from those which were         closing costs to the borrower.              disclosure requirements of both RESPA
previously taken to obtain a real estate      The new form coordinates with the re-       and the California real estate law.
license. Applicants will be allowed           vised HUD-1 Settlement Statement and             The Department has taken steps to
to make an appointment to get their           allows borrowers to readily compare the     obtain the necessary approval from HUD
fingerprints taken during the on-line         estimated costs with their actual costs.    to utilize a revised version of a combined
MLO license application process.              The GFE form can be reviewed at HUD’s       disclosure form that would incorporate
      All applicants will be required to      RESPA Web site: www.hud.gov/of-             all of the new GFE requirements. As soon
authorize the NMLS&R to obtain a credit       fices/hsg/ramh/res/respa_hm.cfm.            as the Department obtains this approval a
report from a consumer reporting agency            Previously, the Department of Real     new RE 883 form will be made available
as part of the on-line application process.   Estate (DRE) obtained approval from         on the DRE Web site.
     Current licensees who complete the       HUD to combine the required disclosures          Brokers who arrange non-traditional
requirements to obtain a MLO license          under California law with the GFE so that   mortgage loans are reminded to provide
endorsement prior to January 1, 2011,         brokers could provide a single disclosure   borrowers with the RE 885 disclosure
will be expected to complete eight hours      statement form (RE 883).                    form. Brokers must be aware, however,
of continuing education in specific topics                                                that the Good Faith Estimate portion
                                                   California mortgage brokers who
by the end of 2011 in order to renew                                                      of the form does not offer borrowers
                                              previously used the combined Mortgage
their license endorsement for 2012.
                                              Loan Disclosure Statement/Good              sufficient disclosure beginning January
That continuing education requirement
                                              Faith Estimate form (RE 883) must           1st and therefore, the RE 885 must be
is distinct and separate from the 45 hour                                                 accompanied by the new GFE. When
                                              now provide two separate disclosure
continuing education requirement to                                                       a combined form is approved by HUD,
                                              forms to mortgage loan applicants on
renew a real estate license.                                                              it will also be made available on the
                                              all transactions involving a federally
    SB 36 provides that licensees             related mortgage beginning January 1st.     Department’s Web site.
may not conduct MLO activities after          Along with the new GFE, the RE 882,              The RE 882 and RE 885 are available
December 31, 2010 without complying           Mortgage Loan Disclosure Statement          on the DRE Web site, www.dre.ca.gov.
with the mandatory activity notification      (MLDS) will have to be delivered to         Questions about the new disclosure
requirement (RE 866) and having an            the borrower within 3 days of receipt of    requirements and these forms should be
MLO license endorsement. Failure to           a written loan application. The RE 882      directed to the Mortgage Loan Activities
comply with both requirements can             and the new GFE together will meet the      Section at (916) 227-0770.

Mortgage Loan Bulletin                                            3                                                      Winter 2009
Disciplinary Action: April 09 - August 09
 The following individuals and real estate corporations engaging in mortgage loan activities were the subject of license
  disciplinary actions or the issuance of a Desist and Refrain Order for one or more violations of the Real Estate Law, the
  Regulations of the Real Estate Commissioner or the conviction of a crime.
 A list of actions is not published in this Bulletin until the 30-day period allowed for court appeal has expired, or if an
  appeal is filed and the disciplinary action is stayed, until the stay is dissolved. Names of persons to whom licenses are
  denied on application are not published.
 Licensees are listed alphabetically by District Office region of responsibility.
 Where the type of discipline indicates “Suspended” the license may be indefinitely suspended, suspended with a stay,
  or the suspension released upon payment of a monetary fine. Details of the suspension of a real estate license may be
  found on the Department’s Web site at www.dre.ca.gov and using the “Check License Status” function to look up the
  license of an individual corporation, broker or salesperson.

                                    Farias, Ruth Georgenne
                                       License ID:     522920                   OAKLAND REGION                         SAN DIEGO REGION
    REVOKED LICENSES                   License Type:   Broker                   Calwide Mortgage & Real Estate, Inc.   Bankers Capital Lending, Inc.
                                       Effective:      04/30/09                     License ID:     1769387               License ID:     1452188
FRESNO REGION                       Franco, Guadalupe dba Estrella                  License Type:   Corporation           License Type:   Corporation
Sexton, Keri                           Realty                                       Effective:      04/30/09              Effective:      07/09/09
   License ID:           1336847       License ID:     1107866                  Hilltop Financial Mortgage, Inc.       Bankers Capital Realty, Inc.
   License Type:         Sales         License Type:   Broker                       License ID:     1297037               License ID:     1485787
   Effective:            06/04/09      Effective:      08/03/09                     License Type:   Corporation           License Type:   Corporation
                                    Hartford Mortgage Services                      Effective:      06/02/09              Effective:      07/09/09
LOS ANGELES REGION                     License ID:     1403106                  Hilltop Lending Corporation            California Home Loan Solutions, Inc.
Acreage Funds, Inc.                    License Type:   Corporation                  License ID:     1406645               License ID:     1519800
   License ID:      1484286            Effective:      06/15/09                     License Type:   Corporation           License Type:   Corporation
   License Type:    Corporation                                                     Effective:      06/02/09              Effective:      07/30/09
                                    Hartford Mortgage Services Inc.
   Effective:       07/20/09           License ID:     1403106                  Johnson, Esperanza Nievas
                                                                                    License ID:     1250083            Waite, Jr., Eric
Ameriprop Enterprises                  License Type:   Corporation                                                       License ID:        630067
  License ID:      1333869             Effective:      06/15/09                     License Type:   Broker
                                                                                                                         License Type:      Broker
                                                                                    Effective:      06/29/09
  License Type:    Corporation      Jackson, Marvin Julius                                                               Effective:         07/30/09
  Effective:       04/20/09                                                     Kaba, Ibrahim K.
                                       License ID:      1099720
                                                                                    License ID:     1446738
Ashley Jr., Calvin Sylvester           License Type:    Broker
   License ID:       360694            Effective:       05/04/09
                                                                                    License Type:
                                                                                    Effective:
                                                                                                    Broker
                                                                                                    06/02/09           REVOKED WITH RIGHT
   License Type:     Broker
                                    Kusnady, Andre                              Khan, Atiya                            TO RESTRICTED LICENSE
   Effective:        06/11/09
                                      License ID:        1067352                    License ID:     1205297
Barclift, John Ralph                  License Type:      Broker                     License Type:   Broker             FRESNO REGION
   License ID:       833525           Effective:         04/27/09                   Effective:      05/12/09           Becerra, Eric Bernardino
   License Type:     Broker
                                    Martinez, Shannon Sullivan                  Orgunwall, Shakieb                        License ID:      1451596
   Effective:        04/30/09                                                       License ID:     1708100
                                      License ID:      1312739                                                            License Type:    Sales
Bedol, Michael                        License Type:    Broker                       License Type:   Broker                Effective:       05/06/09
   License ID:           1384337      Effective:       06/10/09                     Effective:      04/30/09
                                                                                                                       Gil, Hugo Urias
   License Type:         Sales
                                    On Line Funding                             Secure Financial                           License ID:      1052476
   Effective:            06/11/09                                                                   1426253
                                       License ID:       1440285                   License ID:                             License Type:    Broker
Blake, Rebecca Suanne                  License Type:     Corporation               License Type:    Corporation            Effective:       06/29/09
   License ID:     697017              Effective:        06/10/09                  Effective:       05/12/09
   License Type:   Sales                                                        Signature One Mortgage                 LOS ANGELES REGION
   Effective:      07/13/09         Perry, Marion Anthony
                                       License ID:     1301166                     License ID:     1485813             Badie, Paul Porand
Breger, Bruce Jay                      License Type:   Sales                       License Type:   Corporation            License ID:     1785785
   License ID:           1340467       Effective:      07/13/09                    Effective:      06/29/09               License Type:   Sales
   License Type:         Sales                                                                                            Effective:      05/21/09
   Effective:            04/16/09   Team One Enterprises dba Green              SACRAMENTO REGION
                                       Capital Mortgagel                                                               Gamalinda, Rossini Grijaldo
Chung, David H.                                                                 Castro, Christopher Damon                                 1195834
                                       License ID:     1765680                                                           License ID:
  License ID:            1068682                                                   License ID:      888077               License Type:    Broker
                                       License Type:   Corporation
  License Type:          Broker                                                    License Type:    Broker               Effective:       06/01/09
                                       Effective:      07/06/09
  Effective:             07/20/09                                                  Effective:       08/18/09
                                    The Real Estate Bank - A Full Service                                              Martinez, Shannon
Coastview Capital, Inc.                                                         Fidelity Capital Lending, Inc.           License ID:     1312739
   License ID:       1456160           License ID:      1317080
                                       License Type:    Corporation                License ID:       1300748             License Type:   Broker
   License Type:     Corporation                                                   License Type:     Corporation         Effective:      06/10/09
                                       Effective:       06/18/09
   Effective:        04/30/09                                                      Effective:        05/14/09
                                    Trust Deed Services, Inc.                                                          Nagy, Nicholas III
Crouch, Sandra Lee
                                       License ID:       1259823                Garcia, George                            License ID:       466319
   License ID:     456291                                                          License ID:      1297870               License Type:     Broker
   License Type:   Broker              License Type:     Corporation
                                       Effective:        07/20/09                  License Type:    Sales                 Effective:        05/22/09
   Effective:      07/20/09                                                        Effective:       05/14/09
                                    Wilshire Financial Group                                                           NN Property Management Inc.
Evergreen Diversified Group, Inc.                                               Portillo, Anthony Robert                 License ID:     1071283
   License ID:      1517899            License ID:      1403450                    License ID:      1257074
                                       License Type:    Corporation                                                      License Type:   Corporation
   License Type:     Corp                                                          License Type:    Broker               Effective:      05/22/09
   Effective:       04/30/09           Effective:       06/01/09                   Effective:       05/14/09

Mortgage Loan Bulletin                                                      4                                                                  Winter 2009
                                      Cara, Anthony P.                          Ngo, Alexander Ngoc                   Birchfield Property Management, Inc.
                                         License ID:         1301922               License ID:     984951                License ID:       1026934
                                         License Type:       Broker                License Type:   Broker                License Type:     Corporation
                                         Effective:          05/13/09              Effective:      07/06/09              Effective:        06/08/09
                                      Cara, Anthony P.                          Pavlov, Alexei V.                     Birchfield, J. Kenneth
                                         License ID:         1301922               License ID:      1204901              License ID:       976644
                                         License Type:       Broker                License Type:    Broker               License Type:     Broker
                                         Effective:          05/13/09              Effective:       04/01/09             Effective:        06/08/09
                                      Choice Estates, Inc.                      Pioneer Financial Corporation
                                         License ID:         1430260               License ID:      1176551           SAN DIEGO REGION
                                         License Type:       Corporation           License Type:    Corporation       Selis, Sarah McBride
                                         Effective:          05/14/09              Effective:       05/13/09              License ID:     1183394
Pintado, Enrique
    License ID:          1249099
                                      Dalsimer, Robert                          Pozo, Gilmer K.                           License Type:   Broker
                                         License ID:         948147                License ID:      1423037               Effective:      08/31/09
    License Type:        Sales
                                         License Type:       Broker                License Type:    Broker
    Effective:           04/27/09
                                         Effective:          05/14/09              Effective:       07/16/09
Pita, Frank
    License ID:          Unlicensed   Dalsimer, Robert Edward                   Rabinoff, Lawrence                    LICENSE SURRENDERED
    License Type:        Unlicensed      License ID:     948147                    License ID:     685632
    Effective:           06/01/09        License Type:   Broker                    License Type:   Broker             LOS ANGELES REGION
                                         Effective:      05/14/09                  Effective:      07/07/09
Rauh, Douglas Alan                                                                                                    First Mortgage of America
    License ID:          1486611      First Choice Realty and Mortgage          RMCER Corporation                        License ID:      1402136
    License Type:        Sales           License ID:       1392337                License ID:   1406329                  License Type:    Corporation
    Effective:           04/22/09        License Type:     Corporation            License Type: Corporation              Effective:       04/21/09
                                         Effective:        04/01/09               Effective:    05/13/09              Golden State Financial
OAKLAND REGION                        Gorman, Randall S.                        Salas, Juan Antonio                      License ID:      1381135
Cook, Nathan O’Neal                      License ID:     1403389                   License ID:      1382492              License Type:    Corporation
   License ID:    1435425                License Type:   Broker                    License Type:    Broker               Effective:       05/13/09
   License Type:  Sales                  Effective:      04/23/09                  Effective:       06/26/09          Kook Min Finance Inc. dba First
   Effective:     06/02/09            Gutierrez, Gardenia                       Season’s Land Corporation               Line Financial
Kim, Thomas                             License ID:       1264125                  License ID:     1354447              License ID:      1407568
   License ID:       1065385            License Type:     Broker                   License Type:   Corporation          License Type:    Corporation
   License Type:     Broker             Effective:        06/26/09                 Effective:      08/31/09             Effective:       05/05/09
   Effective:        05/26/09         Hu, Grace                                 Sherman, Alan Lee                     Lee, Kwan
Mott, III, William Henry                 License ID:         827030                License ID:    325219                 License ID:      1265236
   License ID:       344774              License Type:       Broker                License Type:  Broker                 License Type:    Broker
   License Type:     Broker              Effective:          05/13/09              Effective:     04/03/09               Effective:       05/05/09
   Effective:        04/23/09
                                      Kelley, Alan Jay                                                                Phelan Financial Services Inc.
                                                                                Sison, Edith Abuda
Mott, William Henry                      License ID:         1295596                                                     License ID:      1325997
   License ID:       344774                                                         License ID:    1180928
                                         License Type:       Broker                                                      License Type:    Corporation
   License Type:     Broker                                                         License Type:  Broker
                                         Effective:          04/29/09                                                    Effective:       04/30/09
   Effective:        04/23/09                                                       Effective:     08/31/09
                                      Loans Unlimited Mortgage Group Inc.                                             Pope Financial Center Inc.
                                         License ID:      1521457               Stone, Gregory Neal dba Southern         License ID:      1524994
                                                                                   California Mortgage
          SUSPENDED                      License Type:
                                         Effective:
                                                          Corporation
                                                          06/26/09                 License ID:      645881
                                                                                                                         License Type:
                                                                                                                         Effective:
                                                                                                                                          Corporation
                                                                                                                                          05/27/09
                                                                                   License Type:    Broker
LOS ANGELES REGION                    Lueker, Marilyn Lou                          Effective:       07/02/09          Pope Mortgage & Associates Inc.
All Nations Lending Inc.                 License ID:      625444                                                         License ID:    1444782
                                                                                Tamkin, Robert Michael                   License Type:  Corporation
                                         License Type:    Broker
    License ID:     1462888                                                        License ID:     896485                               05/27/09
    License Type:   Corporation          Effective:       05/14/09                                                       Effective:
                                                                                   License Type:   Broker
    Effective:      06/26/09          Marcell, John Thomas                         Effective:      07/03/09           Pope, Paul N.
                                        License ID:      1036808                                                         License ID:      1379795
Bennett, Randell K.                                                             The Capstone Mortgage Group Inc.
                                        License Type:    Broker                                                          License Type:    Broker
    License ID:     1380249
                                        Effective:       04/02/09
                                                                                   dba Capstone Mortgage                 Effective:       05/27/09
    License Type:   Broker                                                         License ID:    1420465
    Effective:      05/13/09                                                       License Type:  Corporation         OAKLAND REGION
                                      McMenamin, Sinead Martina
Better Mortgage Brokers, Inc.           License ID:    1329738                     Effective:     07/06/09            Bay Funding Corporation
    License ID:     905337              License Type:  Sales                                                             License ID:      1471917
    License Type:   Corporation                                                 Titgen, Ronald Lee
                                        Effective:     04/01/09                                                          License Type:    Corporation
    Effective:      04/02/09                                                       License ID:     948327
                                      Nam, Jenny                                   License Type:   Sales                 Effective:       04/23/09
Blae, Jenny                             License ID:          1008039               Effective:      05/14/09           Bay Funding Corporation
    License ID:     1300910             License Type:        Broker                                                      License ID:      1430297
    License Type:   Sales                                                       Tu Vivienda Real Estate Investments      License Type:    Corporation
                                        Effective:           06/19/09
    Effective:      05/13/09                                                       License ID:      1471897              Effective:       04/23/09
                                      New Day Trust Mortgage                       License Type:    Corporation
Budet, Jose A.                                                                                                        Bay Funding Financial Corp.
                                        License ID:     1491413                    Effective:       07/16/09
    License ID:     898688                                                                                               License ID:      1430297
    License Type:   Broker              License Type:   Corporation
                                                                                Vega, Humberto                           License Type:    Corporation
    Effective:      06/18/09            Effective:      04/23/09
                                                                                   License ID:      471631               Effective:       04/23/09
Burns, Gregory S. dba Oasis Estates   New Haven Financial Inc.                     License Type:    Broker            Bay Funding Financial Corp.
    License ID:     1275918             License ID:     1183819                    Effective:       07/06/09             License ID:      1471917
    License Type:   Broker              License Type:   Corporation                                                      License Type:    Corporation
    Effective:      07/02/09            Effective:      07/07/09                OAKLAND REGION                           Effective:       04/23/09
Capital Holdings, Inc.                New Star Realty Inc.                      Alvidera, Romeo Felisco               Crain, Richard Steven
   License ID:       1521271            License ID:        1096925                 License ID:      984068               License ID:      1036864
   License Type:     Corporation        License Type:      Corporation             License Type:    Broker               License Type:    Broker
   Effective:        08/31/09           Effective:         06/19/09                Effective:       04/06/09             Effective:       05/14/09

Mortgage Loan Bulletin                                                      5                                                                 Winter 2009
Janet Financial                        Nino, Jose                              Aguirre, Adrianna                  Centeno, Carlos
   License ID:           933396           License ID:       Unlicensed            License ID:      Unlicensed        License ID:      Unlicensed
   License Type:         Corporation      License Type:     Unlicensed            License Type:    Unlicensed        License Type:    Unlicensed
   Effective:            05/14/09         Effective:        07/15/09              Effective:       07/08/09          Effective:       04/09/09
Montes, A. Elizabeth                   Parks, Joseph                           Alan Verzani Inc. dba OK to Walk   Centeno, Richard
   License ID:       1343340              License ID:       1395268               License ID:      Unlicensed        License ID:      Unlicensed
   License Type:     Sales                License Type:     Sales                 License Type:    Unlicensed        License Type:    Unlicensed
   Effective:        04/08/09             Effective:        06/11/09              Effective:       07/30/09          Effective:       04/09/09
Rocha, Janet Kaye                      RMR Group                               Allen, Robert                      Chiavatti, Paul
   License ID:       837053              License ID:        Unlicensed             License ID:     Unlicensed        License ID:      Unlicensed
   License Type:     Sales               License Type:      Unlicensed             License Type:   Unlicensed        License Type:    Unlicensed
   Effective:        05/14/09            Effective:         07/15/09               Effective:      07/14/09          Effective:       06/05/09
                                       Rodriguez, Linda                        Alvidrez, Guadalupe                Chiuminatta, Jeffrey Alan
SACRAMENTO REGION                                                                 License ID:      1111019           License ID:      1396761
                                          License ID:       Unlicensed
Hastert, Thomas John                                                              License Type:    Broker            License Type:    Broker
                                          License Type:     Unlicensed
   License ID:     1179108
                                          Effective:        07/15/09              Effective:       04/27/09          Effective:       07/14/09
   License Type:   Broker
   Effective:      06/16/09            Shippey & Associates, P.C.              American Business Advantage        Cibrian, Cleo
                                          License ID:      Unlicensed            Financial Services                  License ID:      Unlicensed
Mathews, Karen L.                                                                License ID:      Unlicensed         License Type:    Unlicensed
                                          License Type:    Unlicensed
  License ID:     1019886
                                          Effective:       07/15/09              License Type:    Unlicensed         Effective:       04/07/09
  License Type:   Broker                                                         Effective:       04/21/09
  Effective:      07/29/09             Shippey, Karla Esq.                                                        Ciccia, Miguel
                                          License ID:      Unlicensed          Amerige Mortgage Corporation          License ID:      Unlicensed
                                          License Type:    Unlicensed            License ID:     1477438             License Type:    Unlicensed
SAN DIEGO REGION
                                          Effective:       07/15/09              License Type:   Corporation         Effective:       08/12/09
San Francisco Funding Inc.                                                       Effective:      07/31/09
   License ID:     1304161             Sierra Vista Realty, Inc.                                                  Cole, Gregory
   License Type:   Corporation             License ID:       1520229           Angula, Antonio                       License ID:      1244974
   Effective:      08/31/09                License Type:     Corporation          License ID:      Unlicensed        License Type:    Sales
                                           Effective:        06/11/09             License Type:    Unlicensed        Effective:       04/16/09
Walpert, Spiro Robert                                                             Effective:       04/29/09
  License ID:      1410137                                                                                        Community Loan Service Center, Inc
                                       Speakman, Joseph Dennis
                                                                               Arroyo, Maria E.                     License ID:     Unlicensed
  License Type:    Sales                  License ID:    1480280
                                                                                  License ID:      Unlicensed       License Type:   Unlicensed
  Effective:       08/27/09               License Type:  Broker
                                                                                  License Type:    Unlicensed       Effective:      04/21/09
                                          Effective:     07/23/09
                                                                                  Effective:       04/29/09
                                                                                                                  Compass, James
                                       Speakman, Joseph Dennis
    PUBLIC REPROVAL                       License ID:    1480280
                                                                               Avakian, Irma                        License ID:       1776553
                                                                                  License ID:     1380862           License Type:     Sales
                                          License Type:  Broker                   License Type:   Broker
LOS ANGELES REGION                                                                                                  Effective:        04/27/09
                                          Effective:     07/29/09                 Effective:      06/09/09
Shepherd, Markus Steven                                                                                           County Homeowners Recording, Inc.
                                       Stonecreek Capital Mortgage             Barnett, Mike                         License ID:    Unlicensed
   License ID:     1130813                Corporation                             License ID:     Unlicensed
   License Type:   Broker                                                                                            License Type:  Unlicensed
                                          License ID:      1304997                License Type:   Unlicensed         Effective:     05/12/09
   Effective:      07/09/09               License Type:    Corporation            Effective:      07/30/09
                                          Effective:       06/11/09                                               Dahl, Craig Roland
                                                                               Barragan, Fernanda                    License ID:     578458
                                       Stonecreek Capital Mortgage                License ID:     Unlicensed
  DESIST AND REFRAIN                      Corporation                             License Type:   Unlicensed
                                                                                                                     License Type:   Broker
                                                                                                                     Effective:      07/28/09
                                          License ID:      1304997                Effective:      06/08/09
FRESNO REGION                             License Type:    Corporation                                            Danis, Adriana
                                                                               Best Way Marketing                    License ID:      Unlicensed
Armendariz, Michael Scott                 Effective:       06/11/09               License ID:      Unlicensed
  License ID:     1224378                                                                                            License Type:    Unlicensed
                                       Wheeler, David Wayne                       License Type:    Unlicensed        Effective:       08/25/09
  License Type:   Broker                 License ID:     1092503                  Effective:       08/12/09
  Effective:      07/15/09               License Type:   Sales                                                    Derosier, Kevin
                                                                               Blake, Rebecca Suanne
Becerra, Eric Bernardino                 Effective:      07/29/09                 License ID:      697017            License ID:      Unlicensed
   License ID:      1451596                                                       License Type:    Sales             License Type:    Unlicensed
   License Type:    Sales                                                         Effective:       05/11/09          Effective:       07/30/09
                                       LOS ANGELES REGION
   Effective:       07/15/09                                                   Brackett, David M. dba Wespac      Desktop Loans, Inc. dba Modified
                                       A V Realty                                                                    Mortgage
Bustos, Lydia                                                                     Solutions, LLC
                                          License ID:       Unlicensed                                               License ID:      Unlicensed
   License ID:      Unlicensed                                                    License ID:      Unlicensed
                                          License Type:     Unlicensed                                               License Type:    Unlicensed
   License Type:    Unlicensed                                                    License Type:    Unlicensed
                                          Effective:        08/19/09                                                                  05/13/09
   Effective:       07/15/09                                                      Effective:       07/14/09          Effective:
Chavez, Sergio                         Adiem Consultants
                                                                               Bradley, Elliot                    Di Girolamo, Gary
  License ID:            1706524          License ID:    Unlicensed                                                  License ID:    Unlicensed
                                                                                  License ID:      Unlicensed
  License Type:          Sales            License Type:  Unlicensed                                                  License Type:  Unlicensed
                                                                                  License Type:    Unlicensed
  Effective:             07/15/09         Effective:     04/02/09
                                                                                  Effective:       04/21/09          Effective:     05/12/09
Haag, Ricardo                          Affordable Financial Corp.              Callisto Group Inc.                Di Girolamo, Trevor
  License ID:            Unlicensed       License ID:      1524180                License ID:      1230126           License ID:      Unlicensed
  License Type:          Unlicensed       License Type:    Corporation            License Type:    Corporation       License Type:    Unlicensed
  Effective:             07/15/09         Effective:       06/08/09               Effective:       06/09/09          Effective:       05/12/09
Kaplan, Allen Carl                     Aguilar, Alex                           Casaspormenos.com LLC              Diaz, Baltazar
  License ID:            1317985          License ID:       Unlicensed            License ID:      Unlicensed        License ID:      Unlicensed
  License Type:          Broker           License Type:     Unlicensed            License Type:    Unlicensed        License Type:    Unlicensed
  Effective:             07/29/09         Effective:        05/11/09              Effective:       04/09/09          Effective:       05/12/09
Mortgage Delinquency Solutions         Aguilar, Angie                          Cavero, Luis Enrique               Dominguez, Lupe
  License ID:     Unlicensed              License ID:       Unlicensed            License ID:     1837119           License ID:       1270843
  License Type:   Unlicensed              License Type:     Unlicensed            License Type:   Sales             License Type:     Sales
  Effective:      07/29/09                Effective:        05/11/09              Effective:      05/12/09          Effective:        04/07/09

Mortgage Loan Bulletin                                                     6                                                             Winter 2009
Dunkelman, Charles Mike                Gutierrez, Angel                         Jonqua, Sebastian                    Lyon, Bret
  License ID:      937450                License ID:       Unlicensed              License ID:       Unlicensed         License ID:      Unlicensed
  License Type:    Broker                License Type:     Unlicensed              License Type:     Unlicensed         License Type:    Unlicensed
  Effective:       04/29/09              Effective:        06/08/09                Effective:        07/28/09           Effective:       04/23/09
Escalante, George                      Gutierrez, Leo                           JTL Mortgage & Realty Inc.           Majestic Investment Group
   License ID:           Unlicensed      License ID:       Unlicensed             License ID:     1838235               License ID:      Unlicensed
   License Type:         Unlicensed      License Type:     Unlicensed             License Type:   Corporation           License Type:    Unlicensed
   Effective:            07/16/09        Effective:        06/08/09               Effective:      08/28/09              Effective:       06/08/09
Fastlink Financial Inc.                Haag, Richard                            Kader, Alia aka Alia Kader Kbujder   Maluf, Zyad
   License ID:       1779374             License ID:       Unlicensed             License ID:        Unlicensed         License ID:      1419990
   License Type:     Corporation         License Type:     Unlicensed             License Type:      Unlicensed         License Type:    Broker
   Effective:        06/05/09            Effective:        08/12/09               Effective:         05/28/09           Effective:       06/05/09
Ferrufino, Henry                       Hanson, Tricia                           Keller, Kris                         Martinez, Raul
   License ID:           Unlicensed      License ID:       Unlicensed              License ID:       Unlicensed         License ID:      Unlicensed
   License Type:         Unlicensed      License Type:     Unlicensed              License Type:     Unlicensed         License Type:    Unlicensed
   Effective:            08/12/09        Effective:        07/28/09                Effective:        05/11/09           Effective:       07/08/09
                                                                                                                     Martinez, Robert
Ferrufino, Juan Carlos                 Hill, Michael J.                         Kim, Jacob
                                                                                                                        License ID:      Unlicensed
   License ID:      1206143                License ID:     Unlicensed              License ID:       Unlicensed
                                                                                                                        License Type:    Unlicensed
   License Type:    Sales                  License Type:   Unlicensed              License Type:     Unlicensed
                                                                                                                        Effective:       05/11/09
   Effective:       08/12/09               Effective:      07/15/09                Effective:        06/12/09
                                                                                                                     Martinez, Robert
Fields, Joe                            Hollingsworth, Louis                     La Ruffa, Brian                         License ID:      Unlicensed
    License ID:          Unlicensed       License ID:      Unlicensed              License ID:       Unlicensed         License Type:    Unlicensed
    License Type:        Unlicensed       License Type:    Unlicensed              License Type:     Unlicensed         Effective:       07/15/09
    Effective:           04/23/09         Effective:       07/14/09                Effective:        07/14/09
                                                                                                                     MDHT Corporation
Financial Investments Solutions Corp   Holmes, Rodney                           La, Sean aka Sean Le                    License ID:      1517122
   License ID:      1838527               License ID:      Unlicensed              License ID:      Unlicensed          License Type:    Corporation
   License Type:    Corporation           License Type:    Unlicensed              License Type:    Unlicensed          Effective:       04/29/09
   Effective:       06/09/09              Effective:       07/16/09                Effective:       07/14/09
                                                                                                                     Melone, Curtis James
Flores, Maricarmen                     Home Advantage Funding Group, Inc.       Landmart Financial Services, Inc.      License ID:      1391794
   License ID:     Unlicensed            License ID:     1464883                   License ID:     Unlicensed          License Type:    Sales
   License Type:   Unlicensed            License Type:   Corporation               License Type:   Unlicensed          Effective:       07/14/09
   Effective:      05/12/09              Effective:      06/12/09                  Effective:      07/08/09
                                                                                                                     Mendoza, Esperanza Salome
Fox, Christopher                       Home Funding Solutions Inc.              Le, Son Thanh                          License ID:      1303861
   License ID:           Unlicensed      License ID:     1401135                    License ID:      1249535           License Type:    Sales
   License Type:         Unlicensed      License Type:   Corporation                License Type:    Broker            Effective:       08/12/09
   Effective:            07/14/09        Effective:      07/28/09                   Effective:       07/31/09
                                                                                                                     Mendoza, Sonia dba H.E. Service Co.
Fuller, Kevin                          Homesavors Abatement, Inc.               Loan Processing Center Inc.            License ID:      Unlicensed
   License ID:           Unlicensed      License ID:    Unlicensed                 License ID:     1835742             License Type:    Unlicensed
   License Type:         Unlicensed      License Type:  Unlicensed                 License Type:   Corporation         Effective:       07/16/09
   Effective:            07/16/09        Effective:     07/14/09                   Effective:      06/02/09
                                                                                                                     Metters, Maurice
Ghazi, Masheed S.                      Homesavors, Inc.                         Locsin, Maria Elena                    License ID:       Unlicensed
  License ID:            1298133         License ID:       Unlicensed              License ID:      1821408            License Type:     Unlicensed
  License Type:          Broker          License Type:     Unlicensed              License Type:    Sales              Effective:        08/05/09
  Effective:             06/02/09        Effective:        04/21/09                Effective:       04/02/09
                                                                                                                     Metters, Ralph
Girardin, Christian S.                 Homesavors, Inc.                         Lopez, Cesar dba H. E. Service         License ID:       1261850
   License ID:       1043842             License ID:       Unlicensed              Company                             License Type:     Sales
   License Type:     Sales               License Type:     Unlicensed              License ID:      Unlicensed         Effective:        08/05/09
   Effective:        04/09/09            Effective:        07/14/09                License Type:    Unlicensed
                                                                                                                     Meyer, Luis
                                       Homesavors, Inc.                            Effective:       07/16/09
Gomez, Yimi Gemer                                                                                                      License ID:       Unlicensed
  License ID:     1221591                License ID:       Unlicensed           Lopez, Epimenio V.                     License Type:     Unlicensed
  License Type:   Broker                 License Type:     Unlicensed              License ID:       1118096           Effective:        05/11/09
  Effective:      06/09/09               Effective:        08/05/09                License Type:     Broker
                                                                                                                     Michael Barnett, Inc.
                                       Hunt, Scott                                 Effective:        05/12/09
Gonzales, Henry                                                                                                         License ID:       Unlicensed
                                         License ID:       Unlicensed           Loss Mitigation                         License Type:     Unlicensed
  License ID:            Unlicensed                                                License ID:       Unlicensed
                                         License Type:     Unlicensed                                                   Effective:        07/30/09
  License Type:          Unlicensed                                                License Type:     Unlicensed
                                         Effective:        07/28/09
  Effective:             05/13/09                                                  Effective:        05/11/09
                                                                                                                     Mission Loans, Inc.
                                       Hurlbut, Timothy N.                                                              License ID:       1297913
Gonzalez, Jodi                           License ID:       1711282              Lotter, Gerald J.                       License Type:     Corporation
  License ID:            Unlicensed      License Type:     Sales                   License ID:       1443189            Effective:        05/22/09
  License Type:          Unlicensed      Effective:        07/30/09                License Type:     Broker
  Effective:             08/03/09                                                                                    Mohr, Richard Peter dba RPM Real
                                                                                   Effective:        06/12/09
                                       Impresa Development Corporation                                                 Estate Services
Green Credit Solutions                    dba Loan Fixers                       Lucio, Michael                         License ID:       482323
   License ID:      1850648               License ID:     1857280                  License ID:       Unlicensed        License Type:     Broker
   License Type:    Corporation           License Type:   Corp.                    License Type:     Unlicensed        Effective:        06/05/09
   Effective:       07/14/09              Effective:      06/05/09                 Effective:        06/08/09
                                                                                                                     Morris, Mary
Green, Matt Shane                      J & B Capital Corporation                Lugo, Andrew                           License ID:       Unlicensed
   License ID:    1314317                 License ID:     1839739                  License ID:       1805170           License Type:     Unlicensed
   License Type:  Broker                  License Type:   Corporation              License Type:     Sales             Effective:        08/05/09
   Effective:     08/19/09                Effective:      06/29/09                 Effective:        06/05/09
                                                                                                                     Nationwide Loan Modification
Guatemala, Sara                        JC Ruiz Capital Group Inc.               Lupe Dominguez Inc.                     Services
  License ID:            Unlicensed       License ID:     1835138                 License ID:     Unlicensed            License ID:    Unlicensed
  License Type:          Unlicensed       License Type:   Corporation             License Type:   Unlicensed            License Type:  Unlicensed
  Effective:             07/08/09         Effective:      06/09/09                Effective:      04/07/09              Effective:     04/16/09

Mortgage Loan Bulletin                                                      7                                                                Winter 2009
Navarett, Lindsey                     Power Mortgage                          Small, Patrick B.                    Worldwide Brokers, Inc.
   License ID:           Unlicensed      License ID:       Unlicensed           License ID:         1301555          License ID:      1516871
   License Type:         Unlicensed      License Type:     Unlicensed           License Type:       Broker           License Type:    Corporation
   Effective:            07/28/09        Effective:        08/19/09             Effective:          08/19/09         Effective:       04/27/09
Neel, Gerald Alan                     Professional Filing Services Inc.       Soublis, Peggy                       Yorba, Leah
   License ID:           936731          License ID:        Unlicensed           License ID:        Unlicensed        License ID:       Unlicensed
   License Type:         Sales           License Type:      Unlicensed           License Type:      Unlicensed        License Type:     Unlicensed
   Effective:            05/13/09        Effective:         04/07/09             Effective:         07/28/09          Effective:        07/16/09
Nevarez, Corinna                      Ramirez, Alma                           Synergy Financial Management Corp.
   License ID:           Unlicensed     License ID:        Unlicensed            License ID:      1308653          OAKLAND REGION
   License Type:         Unlicensed     License Type:      Unlicensed            License Type:    Corporation      ACM North
   Effective:            06/08/09       Effective:         07/08/09              Effective:       07/15/09           License ID:        Unlicensed
New Media Properties, Inc.            Ramirez, Armando                        Tait, John Robert                      License Type:      Unlicensed
  License ID:      Unlicensed           License ID:    Unlicensed                License ID:        1466684          Effective:         07/15/09
  License Type:    Unlicensed           License Type:  Unlicensed                License Type:      Sales          Avemos Financial Group, Inc.
  Effective:       05/12/09             Effective:     04/23/09                  Effective:         08/03/09          License ID:     1522578
Newport Funding LLC                   Reyes, Daniel                           Talavera, Jorge                         License Type:   Corporation
  License ID:     Unlicensed             License ID:       Unlicensed            License ID:        1279511           Effective:      08/11/09
  License Type:   Unlicensed             License Type:     Unlicensed            License Type:      Broker         Barnhardt Capital Group, Inc. dba
  Effective:      05/12/09               Effective:        07/15/09              Effective:         08/28/09          New Beginnings LMS
Newport Lending Corporation           Reyes, Rey                              Theriault, Scott                        License ID:     Unlicensed
  License ID:     1444749                License ID:       Unlicensed            License ID:        Unlicensed        License Type:   Unlicensed
  License Type:   Corporation            License Type:     Unlicensed            License Type:      Unlicensed        Effective:      07/23/09
  Effective:      08/19/09               Effective:        05/11/09              Effective:         07/14/09       Baycal Capital Services, Inc.
Newport Real Estate Group             Reyes, Rey                              Tim Hurlbut Inc. dba OK to Walk         License ID:       1521630
  License ID:       Unlicensed           License ID:       Unlicensed            License ID:     Unlicensed           License Type:     Corporation
  License Type:     Unlicensed           License Type:     Unlicensed            License Type:   Unlicensed           Effective:        08/25/09
  Effective:        08/03/09             Effective:        07/15/09              Effective:      07/30/09          Belicheva, Natella
NXT Equities Incorporated             Reyn, Rasha                             Tubbiola, Michael                       License ID:       1367249
  License ID:      1503103               License ID:       1823193               License ID:        1371353           License Type:     Broker
  License Type:    Corporation           License Type:     Sales                 License Type:      Broker            Effective:        08/25/09
  Effective:       05/29/09              Effective:        04/29/09              Effective:         06/19/09       California Trust Deeds, Inc.
Palmer, Deborah Jean                  Reynoso, Hector                         US Foreclosure Relief Corporation       License ID:      Unlicensed
   License ID:     1430553               License ID:       Unlicensed            License ID:      Unlicensed          License Type:    Unlicensed
   License Type:   Sales                 License Type:     Unlicensed            License Type:    Unlicensed          Effective:       05/19/09
   Effective:      05/12/09              Effective:        05/06/09              Effective:       07/16/09         Discovery Bay Financial Group
Penso Holdings, Inc                   Roscow, Paul                            Valencia, Francisco                     License ID:     Unlicensed
   License ID:      Unlicensed           License ID:      Unlicensed             License ID:      Unlicensed          License Type:   Unlicensed
   License Type:    Unlicensed           License Type:    Unlicensed             License Type:    Unlicensed          Effective:      08/05/09
   Effective:       04/09/09             Effective:       04/16/09               Effective:       07/08/09         Feuer, Lonn
Penso, Marc                           Rubio, Rudy                             Velazquez, Carl                         License ID:       Unlicensed
   License ID:           Unlicensed      License ID:      Unlicensed             License ID:        Unlicensed        License Type:     Unlicensed
   License Type:         Unlicensed      License Type:    Unlicensed             License Type:      Unlicensed        Effective:        07/23/09
   Effective:            04/09/09        Effective:       08/19/09               Effective:         04/23/09       Focus Consulting Services
Perry, Bernadette                     Sandoval, Mireya                        Verzani, Alan                           License ID:      Unlicensed
   License ID:     Unlicensed            License ID:      Unlicensed             License ID:        Unlicensed        License Type:    Unlicensed
   License Type:   Unlicensed            License Type:    Unlicensed             License Type:      Unlicensed        Effective:       08/05/09
   Effective:      05/11/09              Effective:       08/12/09               Effective:         07/30/09       Gladney, Sidney
Perry, Marion Anthony                 Sarpas, Hakimullah                      Virgil, Tammy                           License ID:       Unlicensed
   License ID:     1301166               License ID:      1808057                License ID:        Unlicensed        License Type:     Unlicensed
   License Type:   Sales                 License Type:    Sales                  License Type:      Unlicensed        Effective:        05/19/09
   Effective:      05/11/09              Effective:       08/06/09               Effective:         07/16/09
                                      Seeram, Robert                                                               Grun, Karen
Perry, Tony                                                                   Waldman, Michael David                  License ID:       Unlicensed
                                         License ID:      Unlicensed
   License ID:     Unlicensed
                                         License Type:    Unlicensed            License ID:     1057515               License Type:     Unlicensed
   License Type:   Unlicensed                                                   License Type:   Broker                Effective:        08/25/09
                   07/15/09              Effective:       04/02/09
   Effective:                                                                   Effective:      05/29/09
                                      Seny, Isaac Daryl                                                            Housing Assistance Law Center
Petterson, Brian Charles                 License ID:      795521              Wall Street Financial                  License ID:       Unlicensed
   License ID:      1363823              License Type:    Broker                License ID:        Unlicensed        License Type:     Unlicensed
   License Type:    Sales                Effective:       08/19/09              License Type:      Unlicensed        Effective:        08/25/09
   Effective:       04/27/09                                                    Effective:         04/29/09
                                      Shafer, Dean                                                                 Lizarrago, Angeline Lisa
Philips, Kyle                            License ID:      Unlicensed          Warren, Gracie Bell
                                                                                                                      License ID:      Unlicensed
   License ID:           Unlicensed      License Type:    Unlicensed            License ID:         905753
                                                                                                                      License Type:    Unlicensed
   License Type:         Unlicensed      Effective:       05/11/09              License Type:       Broker
                                                                                                                      Effective:       08/11/09
   Effective:            08/06/09     Sianez, Richard                           Effective:          07/14/09
Pieniazek, Leslie                        License ID:      Unlicensed          Webb, Bill
   License ID:           Unlicensed      License Type:    Unlicensed            License ID:         Unlicensed
   License Type:         Unlicensed      Effective:       08/12/09              License Type:       Unlicensed
   Effective:            05/11/09     Sims, Michael Stanley dba                 Effective:          05/06/09
Portier, Brett                           Advantage Capital Group              Wiggins, James
   License ID:           Unlicensed      License ID:      Unlicensed            License ID:         Unlicensed
   License Type:         Unlicensed      License Type:    Unlicensed            License Type:       Unlicensed
   Effective:            07/28/09        Effective:       06/03/09              Effective:          07/14/09


Mortgage Loan Bulletin                                                    8                                                                Winter 2009
Pinnacle Holdings Investment                                                     KI Systems, LLC                   Sallis, O’Dell
   Group                               SACRAMENTO REGION                            License ID:      Unlicensed        License ID:      Unlicensed
   License ID:      Unlicensed                                                      License Type:    Unlicensed        License Type:    Unlicensed
                                       American River Real Estate, Inc.
   License Type:    Unlicensed                                                      Effective:       07/30/09          Effective:       08/26/09
                                         License ID:      1770059
   Effective:       08/25/09
                                         License Type:    Corporation            Loan Processing Center Inc.       Saving Homes First Corp.
Pongru, Tom aka Tom Pongrujaporn         Effective:       04/23/09                  License ID:     1835742           License ID:      Unlicensed
   License ID:    Unlicensed                                                        License Type:   Corporation       License Type:    Unlicensed
                                       Artishuk, Oleg                               Effective:      07/08/09
   License Type:  Unlicensed                                                                                          Effective:       07/22/09
                                          License ID:       1496836
   Effective:     06/26/09                                                       Loan Review, Inc.
                                          License Type:     Sales                                                  Schlaegel, Joey M.
Quickloan2u.net                           Effective:        06/30/09                License ID:      1524612          License ID:       Unlicensed
   License ID:           Unlicensed                                                 License Type:    Corporation      License Type:     Unlicensed
                                       Bohl, III, John Alvin                        Effective:       08/06/09
   License Type:         Unlicensed                                                                                   Effective:        07/22/09
                                          License ID:        1248704
   Effective:            06/26/09                                                Loan Review, Inc.
                                          License Type:      Broker                                                Thouren, Cory
Roberts, Kevin James                      Effective:         08/06/09               License ID:      1524612          License ID:       Unlicensed
   License ID:     858916                                                           License Type:    Corporation      License Type:     Unlicensed
                                       Bohl, III, John Alvin                        Effective:       08/31/09
   License Type:   Broker                                                                                             Effective:        08/06/09
                                          License ID:        1248704
   Effective:      07/15/09                                                      Lopez, Tricia
                                          License Type:      Broker                                                Thoursen, Cory
                                          Effective:         08/31/09               License ID:      856790
Santiago, Dennis                                                                                                      License ID:       Unlicensed
                                                                                    License Type:    Broker
   License ID:           Unlicensed                                                                                   License Type:     Unlicensed
                                       Browning, Joseph Dwayne                      Effective:       05/07/09
   License Type:         Unlicensed                                                                                   Effective:        08/31/09
                                           License ID:      Unlicensed
   Effective:            08/05/09                                                Lynch, Ian
                                           License Type:    Unlicensed
                                                                                    License ID:      Unlicensed    Torres, Antonio Garnica
Sawyer, Mark Anthony                       Effective:       04/29/09                                                  License ID:      1374294
                                                                                    License Type:    Unlicensed
   License ID:    Unlicensed           Capital Mortgage & Investment, Inc.          Effective:       05/07/09         License Type:    Sales
   License Type:  Unlicensed               License ID:      Unlicensed                                                Effective:       07/08/09
   Effective:     07/15/09                 License Type:    Unlicensed           Maeser, Trina
                                                                                   License ID:       Unlicensed    Tripoli Associates, Inc.
                                           Effective:       08/11/09
Stephenson, Elke                                                                   License Type:     Unlicensed       License ID:        Unlicensed
   License ID:       Unlicensed        Citi Home Solutions, Inc.                   Effective:        05/07/09         License Type:      Unlicensed
   License Type:     Unlicensed            License ID:      Unlicensed                                                Effective:         07/08/09
                                                                                 Maser, Louis
   Effective:        07/15/09              License Type:    Unlicensed
                                           Effective:       07/08/09               License ID:       471560        Valdovino, Hector
Strauss, Jay Richard                                                               License Type:     Broker           License ID:       Unlicensed
   License ID:       1442341           Community Housing Land                      Effective:        04/23/09         License Type:     Unlicensed
   License Type:     Broker              Development                                                                  Effective:        07/22/09
   Effective:        04/08/09                                                    Morais, Scott
                                         License ID:    Unlicensed                 License ID:       Unlicensed
Thompson, Lynne A.                       License Type:  Unlicensed                                                 Villasenor, Anthony
                                                                                   License Type:     Unlicensed        License ID:     Unlicensed
   License ID:       1063861             Effective:     08/06/09                   Effective:        07/22/09
   License Type:     Sales                                                                                             License Type:   Unlicensed
   Effective:        08/28/09          Community Housing Land                    Mortgage Tree Funding                 Effective:      07/08/09
                                          Development                              License ID:      Unlicensed
Thrasher, Martin                          License ID:       Unlicensed             License Type:    Unlicensed     White, Hope
   License ID:           Unlicensed       License Type:     Unlicensed             Effective:       04/29/09         License ID:        Unlicensed
   License Type:         Unlicensed       Effective:        08/26/09                                                 License Type:      Unlicensed
   Effective:            04/09/09                                                Mundling, Lisa                      Effective:         08/06/09
                                       Depasquale, Daniel                          License ID:       Unlicensed
Veritas Financial Real Estate Group,      License ID:       Unlicensed             License Type:     Unlicensed    White, Hope
   Inc.                                   License Type:     Unlicensed             Effective:        08/06/09        License ID:        Unlicensed
   License ID:       1452245              Effective:        07/08/09                                                 License Type:      Unlicensed
                                                                                 Mundling, Lisa
   License Type:     Corporation       Diversified Real Estate Consultants         License ID:       Unlicensed
                                                                                                                     Effective:         08/26/09
   Effective:        04/08/09             License ID:       Unlicensed             License Type:     Unlicensed    Willes, Dale
Yanez-Pastor, Bernie                      License Type:     Unlicensed             Effective:        08/26/09         License ID:       1422627
   License ID:       1860183              Effective:        07/08/09
                                                                                 Naidu, Ram                           License Type:     Broker
   License Type:     Broker            Flynt, Suzette                                                                 Effective:        07/08/09
                                                                                    License ID:      1337302
   Effective:        08/28/09             License ID:       Unlicensed
                                                                                    License Type:    Sales         Willes, Jeremy Todd
                                          License Type:     Unlicensed
                                                                                    Effective:       07/08/09         License ID:      1389869
                                          Effective:        07/08/09
                                       Gibbs, Kevin Russell                      New Leaf Modifications, Inc.         License Type:    Sales
                                                                                   License ID:       Unlicensed       Effective:       07/08/09
                                          License ID:       Unlicensed
                                          License Type:     Unlicensed             License Type:     Unlicensed
                                                                                                                   Woods, Scott
                                          Effective:        08/25/09               Effective:        07/22/09
                                                                                                                     License ID:        1761841
                                       Gibbs, Tanya                              Resolution Mortgage Group           License Type:      Broker
                                          License ID:       Unlicensed              License ID:     Unlicensed       Effective:         04/23/09
                                          License Type:     Unlicensed              License Type:   Unlicensed
                                                                                                                   Woods, Scott
                                          Effective:        08/25/09                Effective:      08/06/09
                                                                                                                     License ID:        1761841
                                       Greenleaf Legal Services                  Resolution Mortgage Group           License Type:      Broker
                                          License ID:      Unlicensed               License ID:     Unlicensed       Effective:         07/30/09
                                          License Type:    Unlicensed               License Type:   Unlicensed
                                                                                                                   Yang, Brandon
                                          Effective:       08/25/09                 Effective:      08/31/09
                                                                                                                      License ID:       1420237
                                       Home Solutions Group, LLC                 Rodriguez, Gina                      License Type:     Sales
                                         License ID:      Unlicensed                License ID:     15006341          Effective:        07/08/09
                                         License Type:    Unlicensed                License Type:   Sales
                                         Effective:       07/08/09                  Effective:      07/30/09       SAN DIEGO REGION
                                       JBC Financial Corp                        Sallis, O’Dell                    Bard, Shannon
                                         License ID:      1476645                    License ID:     Unlicensed       License ID:       Unlicensed
                                         License Type:    Corporation                License Type:   Unlicensed       License Type:     Unlicensed
                                         Effective:       07/08/09                   Effective:      08/06/09         Effective:        07/29/09

Mortgage Loan Bulletin                                                       9                                                              Winter 2009
Advance fees for loan modifications now prohibited

S
       enate Bill 94 (Calderon), an urgency statute, has been                  ISED SERVICES.
       signed into law by Governor Schwarzenegger. It                          However, Senate
       adds Section 10085.6 to the California Business and                     Bill 94 also adds
Professions Code (B&P) and makes it “unlawful for any real                     Section 10147.6 to
estate licensee who negotiates, attempts to negotiate, arranges,               the B&P and 2944.6
attempts to arrange, or otherwise offers to perform a mortgage                 to the California
loan modification or other form of mortgage loan forbearance                   Civil Code to re-
for a fee or other compensation to……claim, demand, charge,                     quire the following
collect or receive any compensation until after the licensee has               statement to be pro-
fully performed each and every service the licensee contracted                 vided to consumers
to perform or represented that he, she or it would perform”.                   in 14-point bold
     The bill affects residential properties containing four units             type when offering
or less. Therefore, effective October 11, 2009, advance fees                   these services:
can no longer be collected from a consumer for these services
                                                                                   “It is not necessary to pay a third party to arrange
involving one to four unit residential properties.
                                                                               for a loan modification or other form of forbearance from
     Senate Bill 94 also adds Section 2944.7 to the California                 your mortgage lender or servicer. You may call your lender
Civil Code that makes it unlawful for ANY PERSON, including                    directly to ask for a change in your loan terms. Nonprofit
licensed attorneys, to “claim, demand, charge, collect or receive              housing counseling agencies also offer these and other
any compensation until after the person has fully performed                    forms of borrower assistance free of charge. A list of non-
each and every service the person contracted to perform or                     profit housing counseling agencies approved by the United
represented that he or she would perform” in a loan modification               States Department of Housing and Urban Development
or other form of mortgage loan forbearance.                                    (HUD) is available from your loan HUD office or visiting
   Agreements entered into with consumers PRIOR TO                             www.hud.gov."
October 11, 2009 are not affected.
                                                                                    The provisions of B&P §10085.6 and Civil Code Section
   Any advance fees collected on or after October 11, 2009                     2944.7 are in effect until January 1, 2013 and are repealed as
MUST BE REFUNDED TO THE CONSUMER.                                              of that date unless a later statute deletes or extends that date.
   Senate Bill 94 does not prohibit the collection of com-                     Questions should be directed to the Mortgage Loan Activities
pensation AFTER COMPLETION OF ALL OF THE PROM-                                 Unit at (916) 227-0770.


Disciplinary Action
Continued from previous page                                                                                     Real estate law
Billsmadesimple.com
    License ID:    Unlicensed
                                      Gonzalez, Pablo Rodolfo dba PRG
                                        Systems, PRGS Investments,
                                                                               Sabarra, Randy
                                                                                  License ID:      Unlicensed    book and CD
    License Type:  Unlicensed           PRGSSYSTEMS                               License Type:    Unlicensed



                                                                                                                 E
    Effective:     07/03/09             License ID:      593610                   Effective:       07/29/09            ach year, the Real Estate
BMS Debt Management Inc                 License Type:    Sales                 Trap, Michael A.                        Law Book and CD is up-
                                        Effective:       06/03/09
    License ID:    Unlicensed                                                     License ID:      1294151             dated to reflect changes in
    License Type:  Unlicensed                                                     License Type:    Broker
                                      Intellichoice Mortgage, Services,                                          laws and regulations.
    Effective:     07/03/09                                                       Effective:       08/26/09
                                          LLC
Celaschi, Joseph                          License ID:      Unlicensed          United Security Services, Inc.
    License ID:    Unlicensed             License Type:    Unlicensed             License ID:      1521716
                                                                                                                     The 2010 Real Estate Law
    License Type:  Unlicensed             Effective:       07/29/09               License Type:    Corporation   Book is available online free of
    Effective:     07/03/09                                                       Effective:       08/06/09      charge. The in print version and
                                      Jacabson, John
Esposito, Michael                                                              Usmodifiedloan.com                CD will be available for purchase
    License ID:    Unlicensed            License ID:       Unlicensed
                                                                                  License ID:       Unlicensed
    License Type:  Unlicensed            License Type:     Unlicensed
                                                                                  License Type:     Unlicensed
                                                                                                                 in March 2010. This important
                                         Effective:        07/29/09
    Effective:     07/03/09                                                       Effective:        08/06/09     reference for licensees includes
Federal Housing Modification
    License ID:    Unlicensed
                                      Omni Real Estate Network                 Vinson, Tanya                     The Real Estate Law, The Real
                                         License ID:     Unlicensed               License ID:       Unlicensed
    License Type:  Unlicensed            License Type:   Unlicensed               License Type:     Unlicensed
                                                                                                                 Estate Commissioner’s Regula-
    Effective:     08/26/09              Effective:      08/06/09                 Effective:        07/03/09     tions, and other pertinent Codes.
Foley, Meaghan                        Papike, Zack                             Walker, Steve
   License ID:           Unlicensed      License ID:     Unlicensed               License ID:       Unlicensed        The cost is $25, plus tax. Or-
   License Type:         Unlicensed      License Type:   Unlicensed               License Type:     Unlicensed   ders are currently being accepted.
   Effective:            07/03/09        Effective:      07/29/09                 Effective:        07/29/09     Submit a Publications Request
Gable, Dieter                         Rosofsky, Glenn                          Zakir, Rob M.                     (RE 350) which can be found on
  License ID:            Unlicensed      License ID:       Unlicensed             License ID:       1370255
  License Type:          Unlicensed      License Type:     Unlicensed             License Type:     Broker       the DRE Web site or at any Dis-
  Effective:             07/29/09        Effective:        08/26/09               Effective:        08/06/09     trict Office.
Mortgage Loan Bulletin                                                    10                                                             Winter 2009
Mortgage Loan Activity Notification
Continued from page 1
fees of fifty dollars ($50) per day for the first 30 days
the report is not filed and one hundred dollars ($100)
per day for every day thereafter for a maximum of
$10,000.
Excerpt from B&P Section 10131:
     A real estate broker within the meaning of this part
is a person who, for a compensation or in expectation
of a compensation, regardless of the form or time of
payment, does or negotiates to do one or more of the
following acts for another or others:
(d) Solicits borrowers or lenders for or negotiates
     loans or collects payments or performs services for
     borrowers or lenders or note owners in connection
     with loans secured directly or collaterally by liens Instructions for submitting the RE 866 Mortgage Loan Activity report electronically
     on real property or on a business opportunity.        are posted on the Department’s Web site: www.dre.ca.gov.

(e) Sells or offers to sell, buys or offers to buy, or exchanges or offers to exchange a real property sales contract, or a promis-
     sory note secured directly or collaterally by a lien on real property or on a business opportunity, and performs services
     for the holders thereof.
B&P Section 10131.1:
(a) A real estate broker within the meaning of this part is also a person who engages as a principal in the business of making
    loans or buying from, selling to, or exchanging with the public, real property sales contracts or promissory notes secured
    directly or collaterally by liens on real property, or who makes agreements with the public for the collection of payments
    or for the performance of services in connection with real property sales contracts or promissory notes secured directly
    or collaterally by liens on real property.
(b) As used in this section:
    (1) “In the business” means any of the following:
         (A) The acquisition for resale to the public, and not as an investment, of eight or more real property sales contracts
              or promissory notes secured directly or collaterally by liens on real property during a calendar year.
         (B) The sale to or exchange with the public of eight or more real property sales contracts or promissory notes secured
              directly or collaterally by liens on real property during a calendar year. However, no transaction negotiated
              through a real estate licensee shall be considered in determining whether a person is a real estate broker within
              the meaning of this section.
         (C) The making of eight or more loans in a calendar year from the person’s own funds to the public when those loans
              are held or resold and are secured directly or collaterally by a lien on residential real property consisting of a
              single dwelling unit in a condominium or cooperative or on any parcel containing only residential buildings if
              the total number of units on the parcel is four or less. However, no transaction negotiated through a real estate
              broker who meets the criteria of subdivision (a) or (b) of §10232 shall be considered in determining whether a
              person is a real estate broker within the meaning of this section.
    (2) “Sale,” “resale,” and “exchange” include every disposition of any interest in a real property sales contract or promis-
         sory note secured directly or collaterally by a lien on real property, except the original issuance of a promissory note
         by a borrower or a real property sales contract by a vendor, either of which is to be secured directly by a lien on real
         property owned by the borrower or vendor.
    (3) “Own funds” means either of the following:
         (A) Cash, corporate capital, or warehouse credit lines at commercial banks, savings banks, savings and loan asso-
              ciations, industrial loan companies, or other sources that are liability items on the person’s financial statements,
              whether secured or unsecured.
         (B) Cash, corporate capital, or warehouse credit lines at commercial banks, savings banks, savings and loan associa-
              tions, industrial loan companies, or other sources that are liability items on the financial statement of an affiliate
              of the person, whether secured or unsecured.
    (4) “Own funds” does not include funds provided by a third party to fund a loan on condition that the third party will
         subsequently purchase or accept an assignment of the loan.
    Questions about these new reporting requirements should be directed to the Mortgage Loan Activity Section at (916)
227-0770.
Mortgage Loan Bulletin                                               11                                                           Winter 2009

								
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