Citigroup to buy Ameriquest Mortgage (Los Angeles Times)
Citigroup Inc, the largest U.S. bank, said today it agreed to buy the wholesale mortgage origination and servicing assets of ACC Capital Holdings, the parent of Ameriquest Mortgage Co, once one of the largest U.S. subprime lenders. Terms were not disclosed. The acquisition includes servicing rights on $45 billion of loans, as well as a small amount of other loans and residuals.
Original post by Yahoo! News Search Results for mortgage