Advertisement
YOU ARE HERE: LAT HomeCollectionsOne Stop Mortgage Inc
IN THE NEWS

One Stop Mortgage Inc

FEATURED ARTICLES
BUSINESS
August 13, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Leading home-equity lender Aames Financial Corp. said Monday it will acquire One Stop Mortgage Inc., a rapidly growing Costa Mesa firm specializing in riskier mortgages, in a deal worth about $129 million. One Stop will become a subsidiary of Los Angeles-based Aames as part of the transaction, another sign of continuing consolidation in the "nonbank" lending industry.
ARTICLES BY DATE
BUSINESS
August 13, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Leading home-equity lender Aames Financial Corp. said Monday it will acquire One Stop Mortgage Inc., a rapidly growing Costa Mesa firm specializing in riskier mortgages, in a deal worth about $129 million. One Stop will become a subsidiary of Los Angeles-based Aames as part of the transaction, another sign of continuing consolidation in the "nonbank" lending industry.
Advertisement
BUSINESS
September 4, 1996
One Stop Mortgage Inc., a rapidly growing firm that specializes in riskier mortgages, has been acquired by Los Angeles-based Aames Financial Corp., a leading home-equity lender. Privately held One Stop, which was founded last year, becomes a subsidiary of Aames as part of the $129-million stock transaction. One Stop will remain in Orange County, Aames has said.
BUSINESS
May 9, 1997 | (Bloomberg News)
Aames Financial Corp. said it promoted Chief Operating Officer Cary Thompson to chief executive and named Vice Chairman Neil Kornswiet president to replace Chairman Gary Judis in those posts. Judis, 58, has been chairman, chief executive and president of the Los Angeles-based mortgage lender and financial services company since 1982. Aames said the moves allow Judis to focus his attention on the broader strategic issues confronting the company.
BUSINESS
August 27, 1997 | From Times Wire Services
Home equity lender Aames Financial Corp.'s stock fell about 6% Tuesday after the company posted a wider-than-expected fiscal fourth-quarter loss and failed to announce a widely expected merger agreement. Shares of the Los Angeles-based company slid $1.25 to close at $19.25 on the New York Stock Exchange, after trading as low as $18.81. Aames reported after the close of trading Monday that it lost $14 million, or 48 cents a share, in its fourth quarter.
BUSINESS
March 20, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
They are the Felix Unger and Oscar Madison of the home loan business. Pasadena-based Countrywide Home Loans Inc., a respected player in the buttoned-down world of mortgage lending, has catered primarily to borrowers with squeaky-clean credit. Aames Financial Corp. of Los Angeles, on the other hand, has thrived in the hard-nosed, hard-sell business of loaning money to customers with credit problems. Now, however, both Southern California lenders find themselves competing in the same market.
Los Angeles Times Articles
|