Department of Banking and Finance’s Order to Cease and Desist to Roosevelt Mortgage Acquisition Company Becomes Final

Atlanta, GA – January 20, 2010 – (RealEstateRama) — On January 19, 2010, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Roosevelt Mortgage Acquisition Company, located at 1540 Broadway, Suite 1606, New York, New York 10036, became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Roosevelt Mortgage Acquisition Company engaged in residential mortgage lending activities without a license or under an applicable exemption.