Ronald Reagan

Prevent Mortgage Fraud

Mar 03, 2010

"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free." -- Ronald Reagan

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Mar 03, 2010

Regulation and Compliance

L.A.-Area Broker To Serve Time For Defrauding Lenders

Alex Ashod Dadourian convicted on 91 counts for $8 million in mortgage fraud.

In an attempt to increase his commissions, a Southern California mortgage broker engaged in an $8 million mortgage fraud scheme. His efforts have landed him a jail sentence of five years and four months, along with a demand for restitution. California Attorney General Rob B...

Wholesale

EPM Denies Halting Sponsorship Payments Due To 'Margin Call'

Refutes claim made in race car sponsorship lawsuit.

A partner with Equity Prime Mortgage LLC (EPM) on Thursday denied an allegation in a recently dismissed lawsuit that his company stopped paying a race car sponsorship because of a "margin call." Phil Mancuso, a partner and chief investment officer for EPM, said in a teleph...