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CALIFORNIA | LOCAL
October 27, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
In one of the largest home purchases in Orange County this year, DiTech Funding Corp. founder J. Paul Reddam bought an oceanfront property in an exclusive Laguna Beach neighborhood for $7 million. Reddam, who also is the TV pitchman for the Costa Mesa-based mortgage company, bought the home completely furnished. He paid an additional $1 million to $1.
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SPORTS
May 16, 2012 | By Lance Pugmire, Los Angeles Times
J. Paul Reddam might not be the type of businessman for whom people suffering through the recession can bring themselves to root. Reddam, 56, is president of Anaheim-based CashCall, the mortgage refinancing and high-interest personal loan company who critics say has unfairly capitalized upon people's financial woes during the country's economic and employment crisis. But the Sunset Beach resident is also owner of Kentucky Derby winner I'll Have Another, who could provide horse racing with a huge shot in the arm Saturday with a victory in the Preakness Stakes at Pimlico.
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SPORTS
May 16, 2012 | By Lance Pugmire, Los Angeles Times
J. Paul Reddam might not be the type of businessman for whom people suffering through the recession can bring themselves to root. Reddam, 56, is president of Anaheim-based CashCall, the mortgage refinancing and high-interest personal loan company who critics say has unfairly capitalized upon people's financial woes during the country's economic and employment crisis. But the Sunset Beach resident is also owner of Kentucky Derby winner I'll Have Another, who could provide horse racing with a huge shot in the arm Saturday with a victory in the Preakness Stakes at Pimlico.
CALIFORNIA | LOCAL
October 27, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
In one of the largest home purchases in Orange County this year, DiTech Funding Corp. founder J. Paul Reddam bought an oceanfront property in an exclusive Laguna Beach neighborhood for $7 million. Reddam, who also is the TV pitchman for the Costa Mesa-based mortgage company, bought the home completely furnished. He paid an additional $1 million to $1.
BUSINESS
March 23, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
Ending months of speculation about its future, mortgage lending giant DiTech Funding Corp. of Irvine said Monday that it agreed to be acquired by GMAC Mortgage Corp., a unit of General Motors Corp. Terms were not disclosed. DiTech, one of the Southland's largest mortgage lenders and an aggressive marketer of higher-risk home equity loans, shelved plans for an initial public stock offering last fall that it had hoped would raise about $110 million for a minority stake in the company.
SPORTS
February 9, 1990
J. Paul Reddam and Mary Ann Plano's Riviera Hanover and Howard Bassman's Star Kingdom top the field of eight in the $10,000 pacing main event tonight at Los Alamitos. The featured attraction is a claiming handicap, with the prices ranging from $50,000 to $60,000. Also on tap tonight is the 1990 "Cameltonian," the one-quarter-mile match race between a camel and a Standardbred. First post time tonight will be 7:30 p.m., with early bird wagering being conducted from 11 a.m. until 5 p.m.
BUSINESS
January 15, 1999 | Daryl Strickland
DiTech Funding Corp. said Thursday it has launched a program that locks in loan fees, which it promises not to change while a loan is being processed. The high-profile lender said its program also combines lender, title and escrow fees for the borrower. Typically, lenders estimate loan fees, such as appraisal fees, credit report fees and processing fees, at the beginning of the procedure. The actual fees can vary at the closing, the company noted.
BUSINESS
August 31, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
J. Paul Reddam, flamboyant founder of DiTech.com, alleged in a lawsuit that GMAC Mortgage Corp. has failed to pay $200 million that it owed after acquiring the Costa Mesa mortgage lender. GMAC, a unit of General Motors Corp., made an initial payment of $70 million as part of the deal but has failed to make a series of payments since acquiring DiTech in March 1999, according to the lawsuit, which was filed Friday in Orange County Superior Court.
BUSINESS
May 9, 2000 | Robin Fields
Three top managers at Costa Mesa mortgage lender Ditech.com Inc. on Monday waived their rights to extradition hearings, agreeing to travel cross-country to face extortion charges, federal prosecutors said. Gregory Kenneth DeLong, 41, and Vincent Pozzuoli, 36, both of Newport Beach, and Jay David Marx, 36, of San Juan Capistrano are scheduled to appear in U.S. District Court in Pittsburgh on May 31.
BUSINESS
January 24, 2001 | Daryl Strickland
Three former employees of DiTech Funding Corp. sued the Costa Mesa mortgage lender and its parent company, alleging that they were forced to work overtime without pay. The suit, filed in U.S. District Court in Santa Ana, seeks back pay for all loan agents who worked in DiTech's office for the last four years. The suit, which also names DiTech parent GMAC Mortgage Corp., also requests one hour of pay for each day employees failed to receive adequate meal breaks.
BUSINESS
August 31, 2000 | Daryl Strickland
J. Paul Reddam, flamboyant founder of DiTech.com, alleged in a lawsuit that GMAC Mortgage Corp. has failed to pay $200 million that it owed after acquiring the Costa Mesa mortgage lender. GMAC, a unit of General Motors Corp., made an initial payment of $70 million as part of the deal, but has failed to make a series of payments since acquiring DiTech in March 1999, according to the lawsuit, which was filed Friday in Orange County Superior Court.
BUSINESS
August 11, 2006 | From Reuters
A federal appeals court has ruled that U.S. courts have jurisdiction over a dispute involving a failed KPMG tax shelter that cost a California businessman $52 million in taxes. Thursday's ruling by a three-judge panel of the U.S. 9th Circuit Court of Appeals is a victory for the accounting firm, which had sought to have a federal judge appoint an arbitrator rather than have the case be handled in California state court.
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