`UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington D. C. 20549

                                   FORM 10-QSB

     (X) Quarterly report pursuant to Section 13 or 15(d) of the Securities
                            and Exchange Act of 1934.

                 For the quarterly period ended March 31, 2003.

      ( ) Transition report pursuant to Section 13 or 15(d) of the Exchange
           Act for the transition period from _________ to _________ .

                        Commission File Number: 333-44586

                           MAXIM MORTGAGE CORPORATION
               (Exact name of registrant as specified in charter)

          DELAWARE                                              58-2565680
(State of or other jurisdiction of                      (IRS Employer I.D. No.)
incorporation or organization)

                          7740 Roswell Road, Suite 400
                             Atlanta, Georgia 30350
                    (Address of Principal Executive Offices)

                                 (404) 591-0675
              (Registrant's Telephone Number, Including Area Code)

Check whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.

YES (x) NO ( )

Indicate the number of shares outstanding of each of the issuer's classes of
stock as of March 31, 2003.

39,811,638 Common Shares

Transitional Small Business Disclosure Format:

                                 YES ( ) NO (x)






                                       1






                           MAXIM MORTGAGE CORPORATION
                              INDEX TO FORM 10-QSB

PART I. FINANCIAL INFORMATION                                            Page

Item 1. Financial Statements (unaudited)

     Balance Sheets as of March 31, 2003 and December 31, 2002             3

     Statements of Operations for the three months ended March
       31, 2003 and 2002                                                   4

     Statement of Stockholders' Equity for the three months
       ended March 31, 2003                                                5

     Statements of Cash Flows for the three months ended
       March 31, 2003 and 2002                                             6

     Notes to Financial Statements                                         7

Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations (including cautionary statement)                 10

Item 3. Controls and Procedures 11

PART II. OTHER INFORMATION

Item 1. Legal Proceedings                                                  11

Item 2. Changes in Securities                                              11

Item 3. Defaults Upon Senior Securities                                    11

Item 4. Submission of Matters to a Vote of Securities Holders              11

Item 5. Other Information                                                  11

Item 6. Exhibits and Reports on Form 8-K                                   11

Signature                                                                  11

Certifications                                                             12






                                       2






                           MAXIM MORTGAGE CORPORATION

                                 BALANCE SHEETS
________________________________________________________________________________


                                                    March 31,
                                                      2003      December 31,
                                  ASSETS           (unaudited)       2002   
CURRENT ASSETS:
    Cash and cash equivalents                      $  160,491    $  205,592
    Employee receivable                                     -         5,225 
        Total current assets                          160,491       210,817

Furniture, fixtures and equipment (net of
    accumulated depreciation of $20,993 and
    $14,625, respectively)                             47,002        48,121

Other assets                                            1,750         1,750 

TOTAL                                              $  209,243    $  260,688
                                                   ===========   ===========


            LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
    Customer deposits                              $        -    $   17,188
    Accrued and other liabilities                      59,375        63,766 
      Total liabilities                                59,375        80,954 

STOCKHOLDERS' EQUITY:
Preferred stock - $0.0001 par value; 5,000,000
 shares authorized; zero shares issued and
 outstanding                                                -             -
Common stock - $0.0001 par value; 200,000,000
 shares authorized; 39,811,638 shares issued
 and outstanding                                        3,981         3,981
Additional paid-in capital                            374,251       374,251
Deficit                                              (228,364)     (198,498)
Total stockholders' equity                            149,868       179,734 

TOTAL                                              $  209,243    $  260,688
                                                   ===========   ===========

________________________________________________________________________________

SEE NOTES TO FINANCIAL STATEMENTS.



                                       3



                           MAXIM MORTGAGE CORPORATION

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
________________________________________________________________________________


                                          For the three    For the three
                                           months ended     months ended
                                          March 31, 2003   March 31, 2002

REVENUES:
Broker fee income                           $   722,501     $    94,642
Interest and other income                             -               - 
       Total revenues                           722,501          94,642 

EXPENSES:
Employee compensation and benefits              602,600         106,071
Professional fees                                41,499          13,908
Occupancy                                        34,890          10,585
Selling and marketing                            54,448           9,915
Office supplies                                   7,520           8,774
Organizational costs                                  -           2,973
Other                                            11,410           3,620 

       Total expenses                           752,367         155,846 

NET LOSS                                    $   (29,866)    $   (61,204)
                                            ============    ============

Net Loss Per Share - Basic and Diluted      $     (0.00)    $     (0.00)
                                            ============    ============

Weighted Average Number of Shares
 Outstanding - Basic and diluted             39,811,600      36,193,400
                                            ============    ============

________________________________________________________________________________

SEE NOTES TO FINANCIAL STATEMENTS.



                                       4



                           MAXIM MORTGAGE CORPORATION

                        STATEMENT OF STOCKHOLDERS' EQUITY
                    For the three months ended March 31, 2003
                                   (Unaudited)
____________________________________________________________________________________________

                                                          Additional
                                       Common Stock        Paid-In
                                    Shares      Amount     Capital     Deficit      Total

Balances, December 31, 2002       39,811,638   $ 3,981    $ 374,251   $(198,498)  $ 179,734

Net Loss                                   -         -            -     (29,866)    (29,866)

Balances, March 31, 2003          39,811,638   $ 3,981    $ 374,251   $(228,364)  $ 149,868
                                  ==========   =======    =========   ==========  ==========

____________________________________________________________________________________________


SEE NOTES TO FINANCIAL STATEMENTS.



                                       5



                           MAXIM MORTGAGE CORPORATION

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
________________________________________________________________________________

                                                    For the three  For the three
                                                       months          months
                                                    ended March     ended March
                                                      31, 2003        31, 2002
Cash Flows From Operating Activities:
   Net loss                                          $  (29,866)    $   (61,204)
   Adjustments to reconcile net loss to net cash
     (used in) provided by operating activities:
       Depreciation                                       6,368           1,239
       Increase in prepaid and other assets                   -           3,500
       Decrease in employee receivables                   5,225               -
       Increase (decrease) in liabilities               (21,579)         17,170 
Net Cash (Used in) Provided by Operating Activities     (39,852)        (39,295)

Cash Flows From Investing Activities-
   Purchases of property and equipment                   (5,249)         (3,483)
Cash Flows From Financing Activities-
   Issuance of common stock                                   -          12,850 

Net Decrease In Cash and Cash Equivalents               (45,101)        (29,928)

Cash and Cash Equivalents at Beginning of Period        205,592          70,129 

Cash and Cash Equivalents at End of Period           $  160,491     $    40,201
                                                     ===========    ============

Supplemental disclosure of cash flow information:

   Cash paid for interest                            $        -     $         -
                                                     ===========    ============

   Cash paid for income taxes                        $        -     $         -
                                                     ===========    ============

________________________________________________________________________________

SEE NOTES TO FINANCIAL STATEMENTS.



                                       6




                           Maxim Mortgage Corporation

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE A - FORMATION AND OPERATIONS OF THE COMPANY

Maxim Mortgage Corporation ("we", "us", "our") was initially incorporated on
January 5, 1999 under the laws of the state of Delaware as JAHB Holdings, Inc.
On October 22, 2001, we changed our name to Maxim Mortgage Corporation. At
December 31, 2001 we were a development stage enterprise. In January 2002, we
commenced our planned principal operations and are currently engaged in the
brokerage and origination of mortgage loans on behalf of various third party
lenders. Our operations are located in Atlanta, Georgia, and substantially all
of our loans we originate arise from residents of such state. As a result, it is
at least reasonably possible that we could experience a severe impact on our
operations if the Georgia economy experienced a downturn.

Basis of Presentation

Our accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
for interim financial information and the instructions to Form 10-QSB and Rule
10-1 of Regulation S-X of the Securities and Exchange Commission (the "SEC").
Accordingly, these financial statements do not include all of the footnotes
required by generally accepted accounting principles. In our opinion, all
adjustments (consisting of normal and recurring adjustments) considered
necessary for a fair presentation have been included. Operating results for the
three months ended March 31, 2003 are not necessarily indicative of the results
that may be expected for the year ended December 31, 2003. The accompanying
financial statements and the notes should be read in conjunction with our
audited financial statements as of and for the year ended December 31, 2002
contained in our Form 10-KSB.

Use of Estimates

The preparation of financial statements in accordance with accounting principles
generally accepted in the United States of America requires us to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the financial
statements. The reported amounts of revenues and expenses during the reporting
period may be affected by the estimates we are required to make. Actual results
could differ from our estimates.

Concentration of Credit Risk

Financial instruments, which potentially subject us to significant
concentrations of credit risk, consist primarily of cash and cash equivalents.
At March 31, 2003 we maintain all of our cash and cash equivalents in deposit
accounts with one high quality financial institution, which deposit accounts at
times may exceed federally insured limits. We have not experienced any losses in
such accounts.

Revenue Recognition

We recognize broker fee income when mortgage transactions are funded.



                                       7



Income Taxes

We compute income taxes in accordance with Financial Accounting Standards
Statement No. 109 "Accounting for Income Taxes" ("SFAS 109"). Under SFAS 109,
deferred taxes are recognized for the tax consequences of temporary differences
by applying enacted statutory rates applicable to future years to differences
between the financial statement carrying amounts and the tax basis of existing
assets and liabilities. Also, the effect on deferred taxes of a change in tax
rates is recognized in income in the period that included the enactment date.
There were no significant temporary differences existing as of March 31, 2003 or
2002.

We recognized losses for both financial and tax reporting purposes during each
of the three months ended March 31, 2003 and 2002. Accordingly, no provisions
for income taxes and/or deferred income taxes payable have been provided for in
the accompanying financial statements. At March 31, 2003, we had net operating
loss carryforwards of approximately $200,000 for income tax purposes. The net
operating loss carryforwards expire in various periods through December 31,
2023. The deferred income tax asset arising from these net operating loss
carryforwards is not recorded in the accompanying balance sheet because we
established a valuation allowance to fully reserve such asset, as its
realization did not meet the required asset recognition standard established by
SFAS 109.

Recent Pronouncements

We do not expect that the adoption of any recent accounting pronouncements will
have a material impact on our financial statements.

Net Loss Per Share

We compute net loss per share in accordance with SFAS No. 128 "Earnings per
Share" ("SFAS No. 128") and SEC Staff Accounting Bulletin No. 98 ("SAB 98").
Under the provisions of SFAS No. 128 and SAB 98, basic net loss per share is
computed by dividing the net loss available to common stockholders for the
period by the weighted average number of common shares outstanding during the
period. Diluted net loss per share is computed by dividing the net loss for the
period by the number of common and common equivalent shares outstanding during
the period. Common equivalent shares outstanding as of March 31, 2003, which
consist of employee stock options, have been excluded from diluted net loss per
common share calculations because they are anti-dilutive. Accordingly basic and
diluted net loss per share are identical for each of such years. At March 31,
2003, we have approximately 1,249,000 stock options outstanding.



                                       8



NOTE B - COMMITMENTS

At March 31, 2003, we are obligated under an operating lease agreement for our
administrative facility that requires monthly payments of approximately $5,600
(including sales tax) through December 31, 2005. Our president and majority
stockholder has unconditionally guaranteed payment of the monthly lease payments
through July 12, 2004, at which time such guaranty will cease. Rent expense
under this lease, and the lease we were obligated under at March 31, 2002 (this
lease was terminated in 2002), during the quarters ended March 31, 2003 and 2002
approximated $16,700 and $6,000, respectively.

NOTE C - SUBSEQUENT EVENTS

We have signed an agreement with NovaStar Home Mortgage, Inc. (an independent
third party) to open and operate a NovaStar Home Mortgage, Inc. branch.
NovaStar's parent was founded in 1996 as a nationwide wholesale organization of
non-conforming mortgage loans. In 1999, NovaStar founded a retail branch
organization that currently consists of more than two hundred and sixty branches
nationwide. Pursuant to the Agreement, we have agreed to open and operate a
NovaStar Home Mortgage, Inc. branch if and when certain regulatory approvals can
be obtained. At that time, all mortgage broker activities we currently conduct
shall be conducted under the name NovaStar Home Mortgage, Inc. Under the terms
of the Agreement, we may be required to pay up to 0.40% on all loan volume we
generate upon opening of the NovaStar branch.



________________________________________________________________________________





                                       9





Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion and analysis should be read in conjunction with the
balance sheet as of December 31, 2002 and the financial statements as of and for
the three months ended March 31, 2003 and 2002 included with this Form 10-QSB.
We are engaged in the business of brokering and originating mortgage loans on
behalf of various third party lenders.

Readers are referred to the cautionary statement below, which addresses
forward-looking statements.

Results of operations for the three months ended March 31, 2003 and 2002

During the three months ended March 31, 2003, we generated approximately
$722,500 in mortgage origination fees and incurred total expenses of
approximately $752,400 as compared to total revenues and expenses of
approximately $94,700 and $155,800, respectively during the three months ended
March 31, 2002. The significant increases resulted because as of March 31, 2002,
we had just recently commenced our planned principal operations. As expected,
the growth in revenues has resulted in a similar increase in expenses as this
growth necessitated the need for additional personnel, occupancy costs and other
expenses incident to our business.

Liquidity and Capital Resources

Our operating and capital requirements have exceeded our cash flow from
operations as we have been building our business. During the three months ended
March 31, 2003 and 2002, we used cash of approximately $45,100 and $42,800,
respectively for operating and investing activities. These cash outflows have
been funded primarily by proceeds received from sales of our common stock
(approximately $176,000 during the year ended December 31, 2002). The expenses
we have incurred to date were primarily from our efforts to establish our
business operations, recruit personnel and purchase office furniture and
equipment. Based upon our current level of revenues, expected growth and
estimated expenses, we anticipate that our cash balance of approximately
$160,500 as of March 31, 2003 will be adequate to cover any cash shortfalls we
incur during the next year.

CAUTIONARY STATEMENT

This Form 10-QSB, press releases and certain information provided periodically
in writing or orally by our officers or our agents contain statements which
constitute forward-looking statements within the meaning of Section 27A of the
Securities Act, as amended and Section 21E of the Securities Exchange Act of
1934. The words expect, anticipate, believe, goal, plan, intend, estimate and
similar expressions and variations thereof if used are intended to specifically
identify forward-looking statements. Those statements appear in a number of
places in this Form 10-QSB and in other places, particularly, Management's
Discussion and Analysis or Results of Operations, and include statements
regarding the intent, belief or current expectations us, our directors or our
officers with respect to, among other things: (i) our liquidity and capital
resources; (ii) our financing opportunities and plans and (iii) our future
performance and operating results. Investors and prospective investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors. The factors that might cause such differences
include, among others, the following: (i) any material inability of us to
successfully internally




                                       10



develop our products; (ii) any adverse effect or limitations caused by
Governmental regulations; (iii) any adverse effect on our positive cash flow and
abilities to obtain acceptable financing in connection with our growth plans;
(iv) any increased competition in business; (v) any inability by us to
successfully conduct our business in new markets; and (vi) other risks including
those identified in our filings with the SEC. We undertake no obligation to
publicly update or revise the forward looking statements made in this Form
10-QSB to reflect events or circumstances after the date of this Form 10-QSB or
to reflect the occurrence of unanticipated events.

Item 3. CONTROLS AND PROCEDURES

Within 90 days prior to the date of filing of this report, we carried out an
evaluation, under the supervision and with the participation of our management,
including the Chief Executive Officer (who also effectively serves as our
Principal Financial Officer), of the design and operation of our disclosure
controls and procedures. Based on this evaluation, our Chief Executive Officer
concluded that our disclosure controls and procedures are effective for the
gathering, analyzing and disclosing the information we are required to disclose
in the reports we file under the Securities Exchange Act of 1934, within the
time periods specified in the SEC's rules and forms. There have been no
significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the date of this
evaluation.

                          PART II. - OTHER INFORMATION

Item 1. Legal Proceedings - NONE

Item 2. Changes in Securities - NONE

Item 3. Defaults Upon Senior Securities - NONE

Item 4. Submission of Matters to a Vote of Securities Holders - NONE

Item 5. Other Information - NONE

Item 6. Exhibits and Reports on Form 8-K

Reports on Form 8-K. The Company filed a Current Report on Form 8-K on May 16,
2003. Such Report disclosed an agreement entered into with NovaStar Home
Mortgage, Inc., to open and operate a NovaStar Home Mortgage, Inc. branch
office.

99.1 Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

SIGNATURE             TITLE                                DATE
/s/ Joel Arberman     Director, Chief Financial Officer    May 20, 2003




                                       11






CERTIFICATIONS

I, Joel Arberman, certify that:

1. I have reviewed this quarterly report on Form 10QSB of Maxim Mortgage
Corporation;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report; and

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
issuer as of, and for, the periods presented in this quarterly report.

4. I am responsible for establishing and maintaining disclosure controls and
procedures for the issuer and have:

        (i) Designed such disclosure controls and procedures to ensure that
material information relating to the issuer is made known to me,
particularly during the period in which the periodic reports are being
prepared;

        (ii) Evaluated the effectiveness of the issuer's disclosure controls
and procedures as of March 31, 2003 ("Evaluation Date"); and

        (iii) Presented in the report my conclusions about the effectiveness
of the disclosure controls and procedures based on my evaluation as of the
Evaluation Date;

5. I have disclosed, based on my most recent evaluation, to the issuer's
auditors and the audit committee of the board of directors (or persons
fulfilling the equivalent function):

        (i) All significant deficiencies in the design or operation of
internal controls which could adversely affect the issuer's ability to
record, process, summarize and report financial data and have identified
for the issuer's auditors any material weaknesses in internal controls; and

        (ii) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the issuer's internal
controls; and

(6) I have indicated in the report whether or not there were significant changes
in internal controls or in other factors that could significantly affect
internal controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies and
material weaknesses.



Date:  May 20, 2003

/s/ Joel Arberman
    Joel Arberman
    Director, Chief Executive and Financial Officer




                                       12`