Tuesday, November 28, 2006

Ameriquest Mortgage For Sale

The consolidation of the subprime industry continues, Ameriquest Mortgage is rumored now to be on sale.
This follows the announced sale of Option One, and argueably leaves only New Century Mortgage as the last remaining Orange County, CA based subprime leader standing.

The Wall Street Journal has a related article today about the consolidation of the subprime lending business.