The State Organization Index provides an alphabetical listing of government organizations, including commissions, departments, and bureaus.
Top-requested sites to log in to services provided by the state
In the Matter of
Confidence Mortgage Corporation
Mortgage Broker License No(s). MB2877 and MB3446
WHEREAS, Confidence Mortgage Corporation, Lawrence, Massachusetts, a licensed mortgage broker under Massachusetts General Laws chapter 255E, section 2 has been advised of its right to Notice and Hearing pursuant to General Laws chapter 255E, section 7(a), and having waived those rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER ("Consent Agreement") with representatives of the Division of Banks ("Division") dated March 7, 2007, whereby, solely for the purpose of settling this matter, and without admitting any allegations or implications of fact or the existence of any violation of state or federal laws and regulations governing the conduct and operation of a mortgage broker, Confidence Mortgage and its officers and directors, and their successors and assigns (all of which shall be referred to as "Confidence Mortgage") agree to the issuance of this CONSENT ORDER ("Order") by the Commissioner of Banks ("Commissioner");
WHEREAS, pursuant to General Laws chapter 255E, section (7)(b), the Commissioner issued a Findings of Fact and Temporary Order to Cease and Desist, Docket No. 2006-026 (the "Temporary Order"), against Confidence Mortgage on or about October 2, 2006, as a result of Confidence Mortgage's alleged failure to demonstrate and maintain the character, reputation, integrity, and general fitness that would warrant the belief that its mortgage broker business will be operated honestly, fairly, and soundly in the public interest in violation of Massachusetts General laws chapter 255E, section 4 and the Division's regulation 209 CMR 42.06(2)(c); and
WHEREAS, the parties now seek to resolve by mutual agreement, the matters identified in the Temporary Order.
NOW COME the parties in the above-captioned matter, the Division and Confidence Mortgage, and stipulate and agree as follows:
BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS:
Dated at Boston, Massachusetts, this 7th day of March, 2007.
Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts