Hawaii industry appointments update - 8/8/2007

National Mortgage Professional

Aug 07, 2007

Chase opens second Charlotte officeMortgagePress.comNorth Carolina mortgage companies Chase has opened its second Charlotte, N.C. mortgage office at 13777 Ballantyne Corporate Place. Mortgage banker Andrew Church will be stationed at the new location. New York-based Chase is a home equity lender and subsidiary of JPMorgan Chase & Company. For more information, call (866) 447-1282 or visit www.chaseb2b.com.

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Aug 07, 2007

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...