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Citigroup Inc C.N, 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.
Founded in 2002 and headquartered in Atlanta, Georgia, AmeriSave Mortgage Corporation is one of the nation's largest privately owned online home mortgage lenders.
Parent/subsidiary companies: Parent company Citigroup Inc. bought Argent Mortgage Co. LLC and AMC Mortgage Services on August 31, 2007. The companies were subsidiaries of ACC Holdings, which owned Ameriquest, one of the nation's largest and most criticized subprime lenders.
Ameriquest was one of the largest United States sub-prime mortgage lenders until its dissolution in September 2007....Ameriquest Mortgage. IndustryInvestment servicesFounded1979 Orange County, California, U.S.FounderRoland ArnallDefunct2007FateChapter 11 liquidation8 more rows
Company overview Status: CLOSED. Long Beach was closed by Washington Mutual in 2007. History: Originally a California-based savings and loan, founded in 1979, Long Beach Bank became a federally chartered thrift institution in 1990. In October 1994, it became Long Beach Mortgage Co.
Citigroup Inc C.N, 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.