NEW YORK — The state Banking Department has suspended the license of Morning Star Real Estate and Mortgage Financing Corp. of Massapequa, N.Y., charging it with failure to comply with regulations and agreements made with the department.

“Morning Star appears to have grossly misrepresented its true financial condition,” a Banking Department spokeswoman said. “It has failed to meet the financial responsibility and other requirements that all mortgage bankers must follow to be licensed and to operate in New York State.”

The department will hold a hearing for license revocation in the next month.

Last April it suspended Morning Star’s license and began license-revocation proceedings after investigating the company and its president, Angela Daidone-Supthen.

That matter was settled June 30, but the department said a follow-up investigation by its Mortgage Banking Division and Criminal Investigations Bureau revealed that misleading documentation had been submitted.

The department charged that Morning Star has consistently resisted its efforts to obtain proper and accurate information throughout its investigation.

The department said its Criminal Investigations Bureau was coordinating with the Federal Bureau of Investigations and the U.S. Attorney’s Office to ensure that any crime is investigated.

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