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notyouraveragagejake
Dud?


Joined: 14 Mar 2007
Posts: 2

Ameriquest (Argent) Employment Force Reduction
PostPosted: Thu Mar 15, 2007 7:05 pm Reply with quoteBack to top

Argent Mortgage has had a significant employment reduction today. Specifics will not be posted on how much yet , but let it be known that they are not going out of business or shutting their doors. Unfortainately, with the sub-prime market the way it is, cutting costs is a must right now. Argent will probably be one of the final surviving (sub-prime/Alt-A) lenders when the dust settles.
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mktg
Flash in the pan


Joined: 14 Mar 2007
Posts: 36

Re: Ameriquest (Argent) Employment Force Reduction
PostPosted: Thu Mar 15, 2007 7:56 pm Reply with quoteBack to top

I am hearing 80% of Argent (wholesale) and all of Ameriquest (retail).
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I pay attention
Dud?


Joined: 12 Mar 2007
Posts: 8

Re: Ameriquest (Argent) Employment Force Reduction
PostPosted: Thu Mar 15, 2007 8:03 pm Reply with quoteBack to top

Argent has been for sale for a year and their reps are so lazy that I am surprised anyone does any business with them. The owners of Argent should stick to the Persian Flying Rug business (oops) and perhaps Nascar
racing will serve them better

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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Ameriquest (Argent) Employment Force Reduction
PostPosted: Thu Mar 15, 2007 8:26 pm Reply with quoteBack to top

notyouraveragagejake wrote:
Argent will probably be one of the final surviving (sub-prime/Alt-A) lenders when the dust settles.


4th time we've heard that exact comment in the last week ...

First it was Accredited. Then Countrywide went on TV and bragged that their standards were so prudent that not only would they survive, but prosper when everyone else was out of the way. Then yesterday it was Option One's turn, as they went on TV and said that they saw the troubles way back in July of '05 and changed their standards, such that they expected to be the only player remaining.

If everyone had tight standards like they say the did, there wouldn't be a crisis right now.

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