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The Justice Department has secured a $9 million settlement with Ameris Bank over allegations that it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville ...
Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee.
Key takeaways. When you owe more on your mortgage than your house is worth, the loan is referred to as 'underwater,' or in a state of negative equity. Having an underwater mortgage makes it harder ...
American Home Mortgage Investment Corporation. American Home Mortgage Investment Corporation was the 10th largest retail mortgage lender in the United States and was structured as a real estate investment trust (REIT). In 2007, it filed for bankruptcy and was liquidated. [2] [3] The company was focused on earning net interest income from self ...
Ameriquest was founded in 1979 by Roland Arnall, in Orange County, California, as a savings and loan association, or thrift, called Long Beach Savings & Loan. After moving to Long Beach, California and being converted to a pure mortgage lender in 1994, the company was renamed Long Beach Mortgage Co. In 1997, the department that funded loans ...
The Bank of America data obtained by Markets Insider shows that millennials have experienced a near 20% increase in mortgage debt since the fourth quarter of 2021 compared to Gen X, who saw a less ...
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