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Company overview Argent and AMC were sold to Citigroup Inc. on Aug. 31, 2007.
The underwriting agreement is also called an underwriting contract. The underwriting agreement may be considered the contract between a corporation issuing a new securities issue, and the underwriting group that agrees to purchase and resell the issue for a profit.
Ameriquest Mortgage IndustryInvestment servicesDefunct2007FateChapter 11 liquidationSuccessorCitigroupHeadquartersLos Angeles, California, United States8 more rows
American Home Mortgage Servicing Inc. was sold to Wilbur Ross & Co. LLC, as part of the bankruptcy liquidation, in November 2007.
Five years ago today, Bank of America announced it was buying the troubled subprime mortgage lender Countrywide Financial for $40 billion. At the time, the financial crisis had not fully revealed itself, and many people thought Bank of America was getting a good deal.
Bank of America Corp finally acquired Countrywide in 2008 for $2.5 billion.