Message #6 From:
Stock News Bot Date: September 22, 2005 01:00:00 AM
TMFZ News TMSF Holdings, Inc. Names Scott J. Reading as Executive Vice President
LOS ANGELES--(BUSINESS WIRE)--Sept. 22, 2005--TMSF Holdings, Inc. (OTCBB:TMFZ) announced today that Scott J. Reading has joined the Company as an Executive Vice President.
Mr. Reading has over 40 years of experience in the mortgage industry, including 31 years at Household International, where he founded the Household Mortgage Services division and served as a managing director. In 1995, Mr. Reading founded AMRESCO Residential Credit with a staff of five employees, and over a three-year period grew the business into one of the largest acquirers of mortgage products in the United States with a staff of 800 employees. In recent years Mr. Reading focused on his private consulting practice which provided services to mortgage originators and other Wall Street firms both in the U.S. and overseas. He is a Board member of the National Home Equity Mortgage Association (NEHMA). Mr. Reading has been a featured speaker at several NEHMA events as well as the Mortgage Bankers Association (MBA) National Convention.
"TMSF Holdings' proven ability to adapt and grow in a challenging interest rate environment sets it apart from other competitors in the industry. I look forward to working with TMSF Holdings and becoming part of such a solid management team," Mr. Reading said of his appointment.
Raymond Eshaghian, CEO of the TMSF Holdings, Inc., commented, "We are very pleased to have someone of Mr. Reading's stature join our management team. He brings TMSF Holdings a substantial depth of knowledge in the mortgage industry as well as the proven ability to execute and manage growth strategies. His experience will play an important role as we expand our operations and move into a more sophisticated capital markets environment."
About TMSF Holdings
TMSF Holdings, Inc. is a financial holding company that through its wholly owned subsidiary, The Mortgage Store Financial, Inc., is engaged in nationwide mortgage banking. The goal of The Mortgage Store Financial, Inc. is to become a national leader in the mortgage banking industry by continuing to expand its geographical coverage and maximizing the volume of business from existing clients while adopting innovative processes to improve its profitability.
