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BUSINESS
April 16, 1999 | Edmund Sanders
EMB Corp., the Costa Mesa mortgage company, said it has agreed to purchase Residential Mortgage Corp., a Las Vegas lender that makes more than $2 million in loans a month. Terms were not disclosed. EMB officials said the purchase should help the company focus on providing online mortgage services.
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BUSINESS
April 16, 1999 | Edmund Sanders
EMB Corp., the Costa Mesa mortgage company, said it has agreed to purchase Residential Mortgage Corp., a Las Vegas lender that makes more than $2 million in loans a month. Terms were not disclosed. EMB officials said the purchase should help the company focus on providing online mortgage services.
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BUSINESS
January 21, 2000 | (Edmund Sanders)
EMB Corp., the Costa Mesa-based video-conferencing company, said Thursday it plans to sell its mortgage and real estate units to Irvine-based e-Net Financial Corp. for nearly $14 million in cash and stock. E-Net agreed to pay $4 million in cash and 7.5 million shares, valued about $9.8 million, based on the e-Net's average stock price over the past two months. By selling certain assets--including American Residential Funding Inc., Residential Mortgage Corp.
BUSINESS
July 16, 1999
James R. Talevich has been named vice president and chief financial officer of Gish Biomedical Inc. in Irvine. Talevich was previously chief financial officer for Tectrix Fitness Equipment, an Irvine developer and producer of virtual reality exercise equipment. Before that, he was controller for Mallinckrodt Medical Inc., a medical device manufacturer; corporate controller for Sensormedics Corp.; and manager of business development at Baxter Travenol Laboratories. * Matthew M. Soto Jr.
BUSINESS
November 20, 1998 | Bloomberg News
Amresco Inc. is offering to sell its Irvine-based home equity loan unit, the company's chief financial officer said Thursday, but he added that a buyer is unlikely to be found. Amresco's Residential Mortgage Corp., which makes loans to borrowers with poor credit histories, has been shopped around without attracting any takers, Barry Edwards said.
BUSINESS
September 11, 1996 | Times Staff and Wire Reports
'Developer' Sentenced in Fraud Case: Steven D. Jones, 49, of Rolling Hills has been sentenced to 15 years and eight months in federal prison for masterminding a scheme that defrauded at least nine Southern California lenders out of millions of dollars. He was convicted earlier this year of racketeering, conspiracy, fraud and money-laundering charges.
BUSINESS
September 11, 1996 | DEBORA VRANA, TIMES STAFF WRITER
A Rolling Hills man has been sentenced to 15 years, eight months in federal prison for masterminding a four-year scheme that defrauded at least nine Southern California lenders of millions of dollars. Steven D. Jones, 49, was convicted earlier this year of racketeering, conspiracy, fraud and money laundering charges.
BUSINESS
April 23, 1991 | GREG JOHNSON, TIMES STAFF WRITER
Federal regulators, who are dismantling Imperial Federal Savings Assn., sold the S&L's mortgage servicing division Monday to La Jolla-based American Residential Mortgage Corp. Federal officials were not available for comment, and American Residential officials declined to discuss the purchase price. On Friday, the RTC sold Imperial's 40 Southern California branch offices to Newport Beach-based Household Bank.
NEWS
May 2, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
The founder and TV pitchman for mortgage lending leader Ditech.com in Costa Mesa abruptly resigned Monday after three of his top managers were indicted for allegedly trying to extort kickbacks from a Pittsburgh real estate services firm. J. Paul Reddam, 44, a former philosophy teacher who stars in Ditech.com's ubiquitous television commercials, has not been charged with any wrongdoing. A spokesman for the company, a unit of General Motors Corp.
BUSINESS
May 2, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
The founder and TV pitchman for mortgage lending leader Ditech.com abruptly resigned Monday after three of his top managers were indicted for allegedly trying to extort kickbacks from a Pittsburgh real estate services firm. J. Paul Reddam, a former philosophy professor who stars in Ditech.com's ubiquitous television commercials, has not been charged with any wrongdoing. A spokesman for Ditech.com, a unit of General Motors Corp., said Reddam voluntarily resigned.
REAL ESTATE
August 20, 1989 | LINDA MARTINI-POSNER
Steven H. Hammer has been installed as the 1989-90 president of the California Mortgage Bankers Assn. Hammer is president of W. Ross Campbell Co., an income- property mortgage banker established in Los Angeles in 1905. The firm is a correspondent for CIGNA. American Residential Mortgage Corp., formerly ICA Mortgage Corp., has named Tom Wood as senior vice president in charge of business technology. His role will be to improve automation and processing efficiency. Allan L.
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