The South Dakota Trust Agreement of Ameriquest Mortgage Securities, Inc. is a legal contract that governs the terms and conditions of a trust established by Ameriquest Mortgage Securities, Inc. in the state of South Dakota. This trust agreement outlines the rights and responsibilities of the parties involved, including the trust or (Ameriquest Mortgage Securities, Inc.), the trustee, and the beneficiaries. One type of South Dakota Trust Agreement of Ameriquest Mortgage Securities, Inc. is the residential mortgage-backed securities (RMBS) trust agreement. In this agreement, Ameriquest Mortgage Securities, Inc. pools together residential mortgage loans and transfers them to the trust, which then issues mortgage-backed securities to investors. The South Dakota Trust Agreement of Ameriquest Mortgage Securities, Inc. is designed to protect the interests of investors by establishing the rules for the administration and operation of the trust. It includes provisions on how the mortgage loans are underwritten, serviced, and foreclosed upon. The agreement also sets forth the distribution of cash flows generated by the underlying mortgage loans to the investors. Furthermore, the trust agreement contains provisions related to the reporting and disclosure requirements, ensuring transparency and accountability to the investors. It may also outline the procedures for replacing or removing the trustee in case of underperformance or breach of duties. The South Dakota Trust Agreement of Ameriquest Mortgage Securities, Inc. complies with relevant state and federal laws, such as the South Dakota Trust Code. It is meticulously drafted to provide legal protection and clarity to all parties involved in the trust. Keywords: South Dakota Trust Agreement, Ameriquest Mortgage Securities, Inc., legal contract, trust or, trustee, beneficiaries, residential mortgage-backed securities (RMBS), mortgage loans, mortgage-backed securities, investors, administration, operation, underwriting, servicing, foreclosure, cash flows, reporting, disclosure, transparency, accountability, trustee replacement, breach of duties, state laws, federal laws, South Dakota Trust Code.
South Dakota Trust Agreement of Ameriquest Mortgage Securities, Inc.
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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.
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.
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.