The Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc. is a legal document that outlines the terms and conditions for a specific type of mortgage-backed security issued by Ameriquest Mortgage Securities, Inc. in the state of Nevada. This trust agreement serves as the governing instrument for the trust where the mortgage loans are pooled together and converted into tradable securities. One type of Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc. is the residential mortgage-backed security (RMBS). It involves the securitization of residential mortgage loans from borrowers in Nevada, which are then bundled together and sold as investment products to investors. This type of trust agreement helps provide liquidity to the mortgage market and allows investors to gain exposure to a diversified pool of residential mortgages. Another type of Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc. is the commercial mortgage-backed security (CMOS). This involves the pooling and securitization of commercial mortgage loans, typically for properties in Nevada such as office buildings, shopping centers, or industrial facilities. Investors can purchase these securities, which offer a way to invest in the commercial real estate market without directly owning individual properties. The Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc. typically includes provisions related to the responsibilities and duties of the trustee, who acts as a fiduciary for the investors. It outlines the distribution of principal and interest payments from the underlying mortgage loans to the investors, as well as the rights and remedies available in case of defaults or other issues. These agreements may also include provisions for the creation of different classes or tranches of securities with varying levels of risk and return. Overall, the Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc. is a crucial legal document that facilitates the securitization of mortgage loans in Nevada, enabling investors to participate in the mortgage market and potentially earn returns from the income generated by the underlying loans.
Nevada Trust Agreement of Ameriquest Mortgage Securities, Inc.
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How to fill out Nevada Trust Agreement Of Ameriquest Mortgage Securities, Inc.?
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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.
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.