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IPFS News Link • Housing

Ameriquest closes, Citigroup buys mortgage assets

8-31-2007 • Reuters

Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump. Citigroup Inc, the largest U.S. bank, said it agreed to buy the mortgage

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