Amresco Acquiring O.C.’s Quality Mortgage
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IRVINE — Quality Mortgage USA Inc., which originated more than $1.2 billion in residential mortgages in the last fiscal year, is being acquired by financial-services concern Amresco Inc. for $95.2 million, Dallas-based Amresco said Wednesday.
Calmac Funding, which is the co-owner of Quality Mortgage and DLJ Mortgage Capital Inc., also is being acquired by Amresco. Quality Mortgage has 56 branches in 34 states. An undisclosed portion of the purchase price will be paid in stock.
Amresco concentrates in commercial real estate, business loans and residential mortgage services.
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