Georgia Department of Banking and Finance issues cease and desist order to Yale Mortgage Funding

Yale Mortgage Funding LLC was issued a cease and desist order by the Georgia Department of Banking and Finance April 8. The Georgia Department of Banking and Finance reported it issued the order after it obtained evidence that Miami Beach, Fla.-based Yale Mortgage Funding engaged in residential mortgage lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002. “Pursuant to Georgia law, it is prohibited for any person to directly or indirectly…