AAMES INVESTMENT
Aames Investment formed in February 2004 for the purpose of building and managing a portfolio of high yielding subprime mortgage loans in order to offer their stockholders the opportunity for attractive dividend yields and earnings growth. Concurrently with the closing of this offering, they will acquire Aames Financial Corporation, a fifty year old national mortgage-banking company focused primarily on originating subprime residential mortgage loans through both wholesale and retail channels ... under the name โAames Home Loan.โ Aames Financial originated approximately $7.0 billion of subprime residential mortgage loans in fiscal year ended June 30, 2004. Aames Financial was the eighth largest retail subprime originator and the seventeenth largest wholesale subprime originator in the United States according to the Quarterly Data Report of The National Mortgage News for the first six months of 2004
AAMES INVESTMENT
Industry:
Real Estate
Founded:
2004-01-01
Address:
Los Angeles, California, United States
Country:
United States
Status:
Active
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