Title: Comprehensive Overview of North Dakota Underwriting Agreement of Ameriquest Mortgage Securities, Inc. Description: In this detailed description, we will explore the various aspects and types of the North Dakota Underwriting Agreement of Ameriquest Mortgage Securities, Inc. Understanding these agreements is crucial for anyone involved in the mortgage industry or related legal procedures. Key terms relevant to this topic include underwriting agreement, North Dakota, Ameriquest Mortgage Securities, Inc., mortgage-backed securities, and mortgage lending. 1. Definition of Underwriting Agreement: An underwriting agreement represents a legally binding contract between an issuer of securities (Ameriquest Mortgage Securities, Inc.) and the underwriter (more commonly known as the underwriting firm). The agreement provides guidelines and outlines the terms and conditions under which the underwriter agrees to purchase securities offered by the issuer. 2. Introduction to North Dakota Underwriting Agreement: The North Dakota Underwriting Agreement refers specifically to an underwriting agreement executed within the boundaries of North Dakota. This agreement adheres to the specific laws, regulations, and guidelines framed by the state authorities. Parties involved must comply with North Dakota's legal framework during the underwriting process. 3. Ameriquest Mortgage Securities, Inc.: Ameriquest Mortgage Securities, Inc. is a prominent financial institution specializing in mortgage lending and investment services. They primarily deal with mortgage-backed securities (MBS), which are financial instruments backed by a pool of mortgages. The North Dakota Underwriting Agreement of Ameriquest Mortgage Securities, Inc. serves as a crucial mechanism for ensuring transparency and compliance in their mortgage-related operations. Types of North Dakota Underwriting Agreement: 1. Residential Mortgage Underwriting Agreement: This type of underwriting agreement focuses on residential mortgage-backed securities (RMBS) issued within North Dakota. It outlines the terms and conditions associated with the underwriting of mortgages used to create RMBS. 2. Commercial Mortgage Underwriting Agreement: This agreement type covers underwriting activities related to commercial mortgage-backed securities (CMOS) in North Dakota. It governs the terms and conditions surrounding the underwriting of commercial mortgages and the subsequent issuance of CMOS. 3. Municipal Bond Underwriting Agreement: Although not strictly mortgage-related, this agreement type is worth mentioning as it falls within the broader context of underwriting activities. This type pertains to underwriting agreements related to municipal bonds issued by local governments, municipalities, or other local authorities operating in North Dakota. Remember, understanding the North Dakota Underwriting Agreement of Ameriquest Mortgage Securities, Inc. is essential for individuals involved in mortgage lending, financial services, or legal proceedings within the state. Ensuring compliance with state regulations protects the interests of both borrowers and investors while fostering transparency in the mortgage industry.
North Dakota Underwriting Agreement of Ameriquest Mortgage Securities, Inc.
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On September 1, 2007, Citigroup completed its acquisition of Argent Mortgage and AMC Mortgage Services, shutting down Ameriquest Mortgage.
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.
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).
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.
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.