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Ameriquest to Close; Citigroup Exercises Purchase Option on ACC Capital 

Aug 31, 2007By

Citigroup Inc. said late today that it will acquire the wholesale origination and mortgage servicing business of ACC Capital Holdings as part of a purchase option that was inked in February. (Argent Mortgage is the company’s wholesale arm; AMC Mortgage Services is the company’s capital markets and loan servicing operation).

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