AZ Hard-Money Lender Facing Questions/Lawsuits In Wake of CEO's Death

Mortgages Ltd. investors may get a clearer picture this morning about the real-estate lender's future during a conference call with top managers. The Phoenix-based financier is expected to lay out its plans related to lawsuits filed by a borrower and two investors, its financial position and an examination by the state Department of Financial Institutions. Issues with the company have come to light since the June 2 death of longtime chairman and Chief Executive Officer Scott Coles, 48.