Advertisement
YOU ARE HERE: LAT HomeCollectionsShearson Lehman Mortgage Co
IN THE NEWS

Shearson Lehman Mortgage Co

FEATURED ARTICLES
BUSINESS
November 25, 1987 | JAMES S. GRANELLI, Times Staff Writer
Although mortgage lending activity has flattened a bit as interest rates rose earlier this year, Shearson Lehman Mortgage Co. knows the picture will get brighter. "We're waiting for the sun to shine again," said Walter P. Blass, chairman of the Newport Beach-based firm. "It always has and it will again."
ARTICLES BY DATE
BUSINESS
February 6, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Shearson Lehman Bros.' plan to sell its Irvine-based mortgage banking unit to a group of Middle Eastern and U.S. investors has collapsed, an official with the investor group said Wednesday. American Mortgage Service--the company formed to acquire Shearson Lehman Mortgage Corp.--halted the talks last week. The company included an affiliate of Trans-Arabian Investment Bank and investors from San Francisco-based Hamilton Savings Bank. Trans-Arabian is a merchant bank with headquarters in Bahrain.
Advertisement
BUSINESS
May 14, 1990 | James S. Granelli, Times staff writer
When the mortgage industry was shrinking 2 1/2 years ago in the face of dwindling demand, Walter P. Blass said confidently that his Newport Beach firm would tough it out. "We're waiting for the sun to shine again," he said. "It always has and it will again." The sun did indeed shine again, especially for his company, Shearson Lehman Hutton Mortgage Co. in Newport Beach.
BUSINESS
December 12, 1991 | SUSAN CHRISTIAN, TIMES STAFF WRITER
After months of negotiations with several prospective buyers, Shearson Lehman Bros. has reached a tentative agreement to sell its Irvine-based mortgage banking company to a group of Middle Eastern and American investors for about $238 million. American Mortgage Servicing--the company formed to purchase Shearson Lehman Mortgage Corp.--is made up of a Trans-Arabian Investment Bank affiliate and a group of Hamilton Savings Bank owners.
BUSINESS
June 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
BankAmerica Corp. is one of a handful of companies negotiating to purchase Shearson Lehman Mortgage, one of the nation's largest mortgage bankers and loan servicers, a source close to the negotiations said Monday. The San Francisco holding company for Bank of America would triple its loan service operations by acquiring the Irvine-based mortgage banker from its parent firm, Shearson Lehman Bros., a New York brokerage and investment banker.
BUSINESS
June 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
BankAmerica Corp. is one of a handful of companies negotiating to purchase Shearson Lehman Mortgage, one of the nation's largest mortgage bankers and loan servicers, a source close to the negotiations said Monday. The San Francisco holding company for Bank of America would triple its servicing portfolio by acquiring the Irvine mortgage banker from its parent firm, Shearson Lehman Bros., a New York brokerage and investment banker.
BUSINESS
February 6, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Shearson Lehman Bros.' plan to sell its Irvine-based mortgage banking unit to a group of Middle Eastern and U.S. investors has collapsed, an official with the investor group said Wednesday. American Mortgage Service--the company formed to acquire Shearson Lehman Mortgage Corp.--halted the talks last week. The company included an affiliate of Trans-Arabian Investment Bank and investors from San Francisco-based Hamilton Savings Bank. Trans-Arabian is a merchant bank with headquarters in Bahrain.
BUSINESS
December 12, 1991 | SUSAN CHRISTIAN, TIMES STAFF WRITER
After months of negotiations with several prospective buyers, Shearson Lehman Bros. has reached a tentative agreement to sell its Irvine-based mortgage banking company to a group of Middle Eastern and American investors for about $238 million. American Mortgage Servicing--the company formed to purchase Shearson Lehman Mortgage Corp.--is made up of a Trans-Arabian Investment Bank affiliate and a group of Hamilton Savings Bank owners.
BUSINESS
November 22, 1991 | John O'Dell Times staff writer
Shearson Lehman Mortgage, which stopped providing loans through real estate agents in 1989, has resumed the practice in an effort to broaden the market for the company's products. For most of its 45 years, the mortgage firm worked exclusively through realtors, said Dwain Greer, executive vice president. But as the residential market began booming in 1985, Shearson Lehman Mortgage began offering loans directly to consumers through a series of retail offices, Greer said.
BUSINESS
January 22, 1986
Mark Downie, a sales agent with Douglas Allred Co. in La Mesa, has been named sales professional of the month for January for Shearson Lehman Mortgage Co.
BUSINESS
November 22, 1991 | John O'Dell Times staff writer
Shearson Lehman Mortgage, which stopped providing loans through real estate agents in 1989, has resumed the practice in an effort to broaden the market for the company's products. For most of its 45 years, the mortgage firm worked exclusively through realtors, said Dwain Greer, executive vice president. But as the residential market began booming in 1985, Shearson Lehman Mortgage began offering loans directly to consumers through a series of retail offices, Greer said.
BUSINESS
June 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
BankAmerica Corp. is one of a handful of companies negotiating to purchase Shearson Lehman Mortgage, one of the nation's largest mortgage bankers and loan servicers, a source close to the negotiations said Monday. The San Francisco holding company for Bank of America would triple its loan service operations by acquiring the Irvine-based mortgage banker from its parent firm, Shearson Lehman Bros., a New York brokerage and investment banker.
BUSINESS
June 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
BankAmerica Corp. is one of a handful of companies negotiating to purchase Shearson Lehman Mortgage, one of the nation's largest mortgage bankers and loan servicers, a source close to the negotiations said Monday. The San Francisco holding company for Bank of America would triple its servicing portfolio by acquiring the Irvine mortgage banker from its parent firm, Shearson Lehman Bros., a New York brokerage and investment banker.
BUSINESS
May 14, 1990 | James S. Granelli, Times staff writer
When the mortgage industry was shrinking 2 1/2 years ago in the face of dwindling demand, Walter P. Blass said confidently that his Newport Beach firm would tough it out. "We're waiting for the sun to shine again," he said. "It always has and it will again." The sun did indeed shine again, especially for his company, Shearson Lehman Hutton Mortgage Co. in Newport Beach.
BUSINESS
November 25, 1987 | JAMES S. GRANELLI, Times Staff Writer
Although mortgage lending activity has flattened a bit as interest rates rose earlier this year, Shearson Lehman Mortgage Co. knows the picture will get brighter. "We're waiting for the sun to shine again," said Walter P. Blass, chairman of the Newport Beach-based firm. "It always has and it will again."
BUSINESS
November 28, 1990 | James S. Granelli/Times staff writer
Equity Loan Boost: With tax deductions on most consumer loans being phased out this year, more homeowners are expected to tap the equity in their homes to pay off their debts and keep their tax write-offs, said Walter P. Blass, chairman of Shearson Lehman Mortgage Co. in Newport Beach. The average amount of home equity loans and lines of credit--essentially junior mortgages--approved last year by banks and savings and loans grew 38% to $287.6 million from $207.7 million in 1988, he said.
BUSINESS
January 7, 1988 | Michael Flagg, Times Staff Writer
Shearson Lehman Mortgage Co. has sued developer Trammell Crow Co., real estate investment company First Winthrop Corp. and Fluor Engineers Inc. for at least $5 million, saying they reneged on an agreement to lease office space to Shearson in the Fluor Irvine Complex.
Los Angeles Times Articles
|