Dick!! ;) LOL. My plane got cancelled this morning, got put on a later one. Didnt get into NOLA until midnight. I convinced my CO that given the weather at that time, that would also get cancelled. He told me to forget about it.
Anyone see this? Ameriquest closes, Citigroup buys mortgage assets
Fri Aug 31, 2007 7:33PM EDT
By Jonathan Stempel
NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.
Citigroup Inc the largest U.S. bank, said on Friday it agreed to buy the wholesale mortgage lending and payment collection assets of Ameriquest's parent, ACC Capital Holdings, for an undisclosed price.
The acquisition includes the right to collect payments on, or service, $45 billion of loans. About 2,000 employees work for that operation. A small amount of other loans and assets were also included.
2 comments:
Dick!! ;) LOL. My plane got cancelled this morning, got put on a later one. Didnt get into NOLA until midnight. I convinced my CO that given the weather at that time, that would also get cancelled. He told me to forget about it.
Anyone see this?
Ameriquest closes, Citigroup buys mortgage assets
Fri Aug 31, 2007 7:33PM EDT
By Jonathan Stempel
NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.
Citigroup Inc the largest U.S. bank, said on Friday it agreed to buy the wholesale mortgage lending and payment collection assets of Ameriquest's parent, ACC Capital Holdings, for an undisclosed price.
The acquisition includes the right to collect payments on, or service, $45 billion of loans. About 2,000 employees work for that operation. A small amount of other loans and assets were also included.
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