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The Commissioner of Banks ("Commissioner") having determined that GOLD REVERSE, INC. f/k/a PACIFIC COMMUNITY MORTGAGE, INC. ("Gold Reverse" or the "Corporation"), located at 2099 S. State College Boulevard, Anaheim, California, 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
Making Reverse Mortgage Loans without Approval
CONCLUSIONS OF LAW
ORDER TO CEASE AND DESIST
BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS.
Dated at Boston, Massachusetts, this 24th day of September, 2008
By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts