Ameriquest Mortgage Co., Orange, Calif., has signed on to be the official mortgage company of Major League Baseball.The company, a leading home equity lender, will use the affiliation to help in its move into the mainstream mortgage market. Noting that baseball and homeownership are two of America's national pastimes, Senior Executive Vice President Adam Bass said "Ameriquest belongs in baseball." As part of the sponsorship agreement, the company will be the title sponsor of the All-Star Game's in-stadium balloting program as well as the online balloting program via MLB.com and other online balloting. It also will make a significant commitment to national broadcast rights holders over the course of the 2004 baseball season, sponsor several individual teams and a spring training program with 15 teams in 2005. The affiliation with baseball is part of an aggressive sports marketing campaign for Ameriquest. In an effort to build brand awareness, the company's nonprime affiliate, Argent Mortgage, sponsors golfer Jim Furyk, race car driver Danica Patrick and swimmer Michael Phelps, and has tie-ins with the Triple Crown.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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