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In the Matter of
ALLIANCE MORTGAGE BANKING CORP. D/B/A ALLIANCE CAPITAL
Levittown, New York
Mortgage Lender and Mortgage Broker
License Nos. MC3965; MC3966
The Commissioner of Banks ("Commissioner") having determined that ALLIANCE MORTGAGE BANKING CORP. D/B/A ALLIANCE CAPITAL, ("Alliance Mortgage" or the "Corporation"), located at 3601 Hempstead Turnpike, Suite 305, Levittown, New York has engaged in, or is engaging in, or is about to engage in, acts or practices constituting violations of Massachusetts General Laws chapter 255E and applicable regulations found at 209 CMR 42.00 et seq., hereby issues the following FINDINGS OF FACT AND TEMPORARY ORDER TO CEASE AND DESIST ("Temporary Order") pursuant to General Laws chapter 255E, section 7(b).
FINDINGS OF FACT
A. Failure to Fund Loans
B. Failure to Provide Notification of Regulatory Actions Entered in Other States
C. Impairment of Lender Lines of Credit Used to Fund Alliance Mortgage's Lending Operations
CONCLUSIONS OF LAW
ORDER TO CEASE AND DESIST
After taking into consideration the FINDINGS OF FACT and CONCLUSIONS OF LAW stated herein, it is hereby:
BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS.
Dated at Boston, Massachusetts, this 2nd day of August, 2007.
By: Steven L. Antonakes
Commissioner of Banks