Comments on: Citi Inks Option to Buy Ameriquest, Argent Wholesale Ops; ‘Insurance’ for Warehouse Float?

By: Housing Wire » Ameriquest to Close; Citigroup Exercises Purchase Option on ACC Capital

Sat, 01 Sep 2007 02:42:50 +0000

[...] of a deal that established the purchase option. At time, sources in the industry that spoke to me characterized the move as an “insurance [...]

By: Housing Wire - » Fitch Drops Servicer Ratings on AMC; Eyes NovaStar for Downgrade

Tue, 27 Mar 2007 17:19:08 +0000

[...] evolving nature of ACC’s relationship with Citigroup.” ACC Capital, AMC’s parent, announced a deal with Citigroup on March 1 that provided the ailing company liquidity to continue operations. The [...]

By: Housing Wire - completely free mortgage news - » New Century Stops Funding Loans; Liquidity ‘Gone’

Fri, 09 Mar 2007 17:33:24 +0000

[...] operations at ACC Capital Holdings, parent of Ameriquest, Argent and AMC Mortgage Services, and entered into a conditional purchase agreement to acquire all warehouse lending operations at the subprime mortgage banking [...]

By: Richard Chimniak CNC - Charles Rutenberg Realty : Mortgage Lender Meter

Richard Chimniak CNC - Charles Rutenberg Realty : Mortgage Lender Meter — Wed, 07 Mar 2007 15:42:42 +0000

[...] residential subprime activities ceased] Option One [H&R Block; up for sale] Ameriquest [On life support from Citigroup; may end up acquired. Owned by ACC. Recently shut most offices and settled with 30 [...]