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
The Commissioner of Banks ("Commissioner") having determined that HOMERUN MORTGAGE, LLC ("HomeRun Mortgage" or the "Company"), located at 260 Court Street, Dedham, Massachusetts, 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
The commissioner shall inspect a licensee's relevant records and evidence of compliance with the provisions of this chapter or any rule or regulation issued hereunder and with any other law, rule or regulation applicable to the conduct of the business for which it is licensed under this chapter. For the purposes of such inspection, the commissioner or a representative of the commissioner shall have access to the offices and place of business, books, accounts, papers, records and files of all such licensees.
Failure of a Licensee to keep its books and records in accordance with 209 CMR 48.00 et seq. may result in suspension or revocation of the license under the authority contained in the specific statute applicable to the Licensee.
The Dedham location was locked upon arrival. The Division's examiners then telephoned Peggy Davis-Mullen, the manager and sole member of HomeRun Mortgage, who indicated that she was out of state and she agreed to meet with the Division's examiners at the Dedham location on Thursday, July 10, 2008.
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:
All information on file as of the date of submission regarding HomeRun Mortgage's open application list as a mortgage broker, including but not limited to, the following: The names of all individuals from whom HomeRun Mortgage has accepted an application for a residential mortgage loan; the applicants' addresses and telephone numbers; the amount of all prepaid loan fees submitted by the customer; the amount of each loan; application status (i.e. filed, submitted to lenders, cleared to close, etc.); scheduled closing dates; rate lock status; and a list identifying the applicable broker or lender with whom the applicants' application was placed. The latter list should include telephone numbers of contact persons familiar with the Company's submitted loans.
By ORDER AND direction of the Commissioner of Banks.
Dated at Boston, Massachusetts, this 15th day of July, 2008.
By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts