Posts tagged lawsuit

• Ameriquest to Pay 20,000 Massachusetts Borrowers Restitution

  Chrissie Cole | July 13, 2007 10:39 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Martha Coakley, Massachusetts Attorney General, announced Ameriquest Mortgage Co. and its affiliates will pay $20,000 to borrowers in the state $13.75 million in restitution as part of a $325 million national settlement reached last year.The amount to be paid is increased from the $12.2 million Massachusetts officials had previously estimated was owed. Coakley's office says they will start...

• Ameriquest to Pay $325 Million to Homeowners

  Chrissie Cole | July 12, 2007 12:44 AM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  Ameriquest Mortgage Co. along with AMC Mortgage Services Inc. (formerly Bedford Home Loans) and Town and County Credit Corporation agreed to pay $325 million to homeowners that were affected by home mortgage sales schemes.The settlement is a resolution to allegations that Ameriquest and affiliates failed to properly disclose home loan terms, failure to disclose whether loans were adjustable or...