NEWS & INFORMATION - July 21, 2008
Our planned hearing in U.S. Bankruptcy court scheduled for Tuesday, July 22 has been CANCELLED.
The issues to be argued in court were determined to be not necessarily relevant at this time so the hearing has been cancelled.
We are pleased to announce that Richard Feldheim has agreed to join Mortgages Ltd. as our President and CEO. Over the past 30 years Mr. Feldheim has been involved with numerous real estate ventures including hotels, condo-hotels, timeshare and undeveloped land throughout the western United States. His background includes practice as both a CPA with Price Waterhouse & Co. and as a Senior Partner with the Arizona law firm of Wentworth & Lundin. He has lectured for the AICPA, the Practising Law Institute, Seton Hall University, and the University of Arizona. He brings with him an abundance of real estate and business experience and most importantly he sincerely believes in the ability of Mortgages Ltd. to once again be a major commercial lender in Arizona.
MORTGAGES LTD. HISTORY
In 1963, two visionaries set out to change the face of Arizona's lending industry, certain there was a better way to do business. When Charles J. Coles and Ronald M. Anatole laid the foundation for their company, the population of Arizona was just 1.5 million and Phoenix was barely 500,000. Together, they founded Mortgages Ltd. on straightforward and powerful core values: passion for business, results-driven approaches, quality service and, most importantly, integrity.
Today, although Arizona's population is more than four times what it was in 1963, Mortgages Ltd. still bears the imprint of the founders' unyielding commitment to excellence and values. Mortgages Ltd. has earned its distinction as the oldest and largest private mortgage bank in Arizona. It is also one of the only FINRA licensed firms in this marketplace.
In an environment characterized by cycles of dynamic growth and economic slowdown, Mortgages Ltd. remains committed to market leadership, keeping pace with these inevitable changes. Mortgages Ltd. anticipates, embraces and manages change while remaining true to its core values.