Ameriquest Sale Caps Awful August for Subprime Lenders
September 7, 2007
Citi purchased former subprime titan Ameriquest at the end of August, as a number of subprime lender transactions and operations faltered. Revealing just how much Ameriquest has fallen in value, Citi only purchased ACC Capital Holdings’ (the lender’s parent) wholesale and servicing operations. Ameriquest said...