Time Lending to Buy 51% of Nationwide Security

Time Lending California Inc., Orange, Calif., has announced its intention to acquire 51% of Nationwide Security Mortgage Corp. for approximately $1 million in a stock-for-stock exchange transaction.Time Lending is a direct mail marketer for mortgage companies via its Signature Marketing division. Nationwide Security is a privately held California corporation. "Nationwide Security Mortgage is a natural fit, because Nationwide has been a mail client for three years and has a unique niche with high growth potential," said Michael F. Pope, president of Time Lending.