Maryland Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage is a legally binding document that outlines the terms and conditions for the purchase of subsequent mortgage loans by Ameriquest Mortgage in Maryland. This agreement serves as a guideline and reference point for both parties involved in the transaction. The Maryland Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage is designed to protect the rights and interests of both the lender (Ameriquest Mortgage) and the seller (mortgage loan originator or another financial institution). This agreement establishes the terms of the subsequent mortgage loan purchase, including the loan amount, interest rate, repayment terms, and any additional provisions or conditions. It also ensures compliance with Maryland state laws and regulations governing mortgage loan transactions. The Maryland Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage may vary in types depending on the specific needs and requirements of the parties involved. Some potential types of this agreement may include: 1. Fixed-Rate Mortgage Loan Purchase Agreement: This type of agreement involves the purchase of subsequent mortgage loans with a fixed interest rate throughout the loan term. 2. Adjustable-Rate Mortgage Loan Purchase Agreement: This type of agreement pertains to the purchase of subsequent mortgage loans with an adjustable interest rate, where the rate may fluctuate over time based on market conditions. 3. Jumbo Mortgage Loan Purchase Agreement: This type of agreement focuses on the purchase of subsequent mortgage loans that exceed the maximum loan limits set by government-backed mortgage programs. 4. Federal Housing Administration (FHA) Mortgage Loan Purchase Agreement: This type of agreement specifically pertains to the purchase of subsequent mortgage loans insured by the Federal Housing Administration, which provides lenders with added protection against borrower default. 5. Veterans Affairs (VA) Mortgage Loan Purchase Agreement: This type of agreement caters to the purchase of subsequent mortgage loans guaranteed by the Department of Veterans Affairs, designed to assist eligible veterans and service members in obtaining affordable housing. In conclusion, Maryland Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage is an essential legal document that facilitates the smooth and secure purchase of subsequent mortgage loans in Maryland. It lays out the terms and conditions of the transaction while ensuring compliance with state regulations. The different types of this agreement cater to various mortgage loan scenarios, providing flexibility and specificity to meet the needs of both parties involved.
Maryland Sample Subsequent Mortgage Loan Purchase Agreement of Ameriquest Mortgage
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On September 9, 2007, Argent Mortgage was sold to Citi for an undisclosed amount. Argent was renamed Citi Residential Lending. Citi Residential Lending operated for several months before it was shut down. On September 10, 2007, Ameriquest stopped accepting loan applications.
On September 1, 2007, Citigroup completed its acquisition of Argent Mortgage and AMC Mortgage Services, shutting down Ameriquest Mortgage.
Employer Identification No.) 1100 TOWN & COUNTRY ROAD, SUITE 1100 ORANGE, CALIFORNIA 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 541-9960 Item 5.
A loan purchase agreement is an agreement between a lender and borrower that states how a secured financial asset, such as real estate or equipment, will be purchased. The buyer of this type of security agrees to buy the asset at some point for an agreed-upon price.
The "lender" is the financial institution that loaned you the money. The lender owns the loan and is also called the "note holder" or "holder." Sometime later, the lender might sell the mortgage debt to another entity, which then becomes the new loan owner (holder).
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.