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Argent Mortgage Co. is moving up the credit scale to target alt- A borrowers, starting Aug. 1.
At a meeting with Origination News at the annual convention of the National Association of Mortgage Brokers here, Argent president Sam Marzouk said the company wants to get the alt-A production of the 50,000 mortgage brokers it does business with, who have been selling it to other lenders to date.
He also said Argent will...