Ameriquest Mortgage Co. and Argent Mortgage, both subsidiaries of Ameriquest Capital Corp., have announced plans to expand their mortgage servicing operations in a move that will create 2,100 new jobs in the Schaumburg, Ill., area.Ameriquest said it will be subleasing an 11-story, 300,000-square-foot office building for the expansion and that the 2,100 new jobs will come online incrementally over the next three years. Ameriquest Mortgage, headquartered in Orange, Calif., is a retail lender. Argent Mortgage, based in Irvine, Calif., is a wholesale lender that works with independent mortgage brokers.
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The agency proposed to repeal a regulation that requires FHLBanks to submit formal notices before engaging in new business activities that carry unmanaged risk.
July 27 -
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
July 27 -
Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
July 27 -
The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
July 27 -
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
July 27 -
The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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