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Fidelity Guaranty Mortgage in lieu of true name First Fidelity Financial Corp. - Order of Fine

State of New York Banking Department


In the Matter of

 Fidelity Guaranty Mortgage
in lieu of true name
First Fidelity Financial Corp.

A registered Mortgage Broker Pursuant
to Article 12-D of the New York Banking Law

(Respondent)

ORDER


AFTER, due and proper notice and hearing; and

AFTER, review of the transcript of the November 14, 2006 hearing in this matter and the Findings of Fact and Recommended Decision of Eric Nachman, Esq., the duly designated Hearing Officer, a copy of which is annexed hereto, I find that substantial evidence has been adduced that Respondent, a mortgage broker registered pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), violated the provisions of Section 597 of the Banking Law and Part 410.8(b) of the Superintendent’s Regulations in that Respondent submitted a Volume of Operations Report for the 2005 calendar year on August 2, 2006, after the extended deadline of May 31, 2006 .

NOW THEREFORE, under the authority granted to me pursuant to Sections 595(1) and 44-a of the Banking Law:

IT IS HEREBY ORDERED,

1. That Respondent pay a fine in the amount of $10,000 to the Banking Department no later than December 29, 2006 via an electronic transfer, in immediately available funds, to:

Bank: JPMorgan Chase Bank
NYS Government Banking Region
12 Corporate Woods Blvd., 4th Floor
Albany, NY 12211
Telephone: (518) 433-2533
Account: 573-801703
Routing or ABA#: 0210-0002-1
Account Title: NYS Banking Department ; and

2. That Respondent be deleted from the roll of mortgage brokers registered pursuant to Article 12-D if the aforementioned fine is not paid to the Banking Department by December 29, 2006; and

3. That Respondent immediately return the mortgage broker certificate issued by the Banking Department if the aforementioned fine is not paid to the Banking Department by December 29, 2006.

Witness, my hand and official seal of the Banking Department at the City of New York, this 21st day of December in the Year two thousand and six.

____________________________
Diana L. Taylor
Superintendent of Banks

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