Accredited to Acquire Aames
May 25th, 2006 by 
Erik
There is a great deal of m&a (mergers and acquisitions) happening in the mortgage world right now. The latest news is that Accredited Home Loans will be acquiring Aames Investment Corp. The company believes they will become the sixth largest retail mortgage originator in the country once the acquisition is complete.
Both Accredited and Aames do a great deal of mortgage origination (mortgage pros call that “retail”) and they also act as investors to smaller mortgage brokers (more commonly referred to as “wholesale”). What’s interesting is that both Accredited and Aames specialize in non-prime loans, so their overall portfolio of loans is somewhat restricted to a higher risk category.
For consumers, this doesn’t necessarily mean a whole lot, other than if you currently have a loan serviced by Aames then you’ll probably start getting mail with Accredited envelopes and letterhead.
Posted in mortgage news, commentary |
