BANKING & FINANCE - Sept. 13, 1994
From Times Staff and Wire Reports
Directors Mortgage in Sales Talks: Riverside-based Directors Mortgage Loan Corp., the state’s largest privately held mortgage banker, said it is talking with several firms interested in buying the company, but it would not name them. Directors also said it hired Furash & Co., a Washington consulting firm, to evaluate offers and study other options to raise cash and expand. Several mortgage bankers have been purchased over the past few months, in part because the tepid real estate market and the end of the long refinancing boom has sent their loan volume plunging and made them more accessible to takeovers.
