Posts tagged ui

• Woman Files Suit Against Ameriquest for Foreclosure

  Chrissie Cole | September 22, 2007 5:56 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  A 70-year-old Florida woman is fighting the foreclosure of her home after Ameriquest refinanced her mortgage three times since 2001, promising to help her lower her monthly payments and interest rate, only now her payments have more than doubled.She is challenging the foreclosure claiming Ameriquest took advantage of her, a sick widow, who didn't finish high school and was unable to understand...

• Ameriquest Named in Federal Class Action Lawsuit Filed by The NAACP

  Chrissie Cole | September 03, 2007 1:02 AM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  A federal class action lawsuit was filed by the NAACP on July 11, in the United States District Court of Central California. The lawsuit names Ameriquest Mortgage Co. along with several other mortgage giants.Recent reports across several agencies cite the prevalence of sub-prime mortgages and predatory lending practices as the root of foreclosures rising. According to the NAACP foreclosures are...

• Ameriquest Mortgage Closes its Doors

  Chrissie Cole | September 02, 2007 8:49 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Once the nation's largest subprime lender, Ameriquest Mortgage Co., is closing its doors. On August 1, the company stopped accepting new mortgage applications, its parent company, ACC Capital Holdings, announced on Friday. They are also selling their other assets - a wholesale mortgage origination operation and a mortgage servicing business to Citigroup Inc. for an undisclosed amount.The...

• Ameriquest Accused of Excessive Fees & Altered Terms

  Chrissie Cole | August 24, 2007 4:40 PM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  Stemming back as far as 2005 and earlier, Ameriquest Mortgage has been facing lawsuits from over 29 states nationwide over allegations of deceptive sales practices.In August 2005, Ameriquest announced they had reached a tentative $325 million settlement for customers who alleged the subprime lender charged them excessive fees and changed the agreed terms on their loans when they went to sign the...

• OAG Obtains $21M Restitution for Texas Homeowners Harmed by Ameriquest

  Chrissie Cole | August 15, 2007 9:44 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  The OAG (Office of the Attorney General), Under the Texas Deceptive Trade Practices Act, has the authority to prosecute misleading practices and has recovered millions for Texas homeowners harmed by title scams, undisclosed costs and any and all other unlawful mortgage related scams.In July, The OAG obtained $21 million dollars in restitution for Texas homeowners harmed by super lender...

• 6,900 Wisconsin Homeowners to Get Restitution from Ameriquest

  Chrissie Cole | July 18, 2007 12:11 AM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  Over 6,900 Wisconsin homeowners are entitled to $3.2 million in restitution from Ameriquest Mortgage Co. for alleged overcharging, according to the state attorney general. The settlement is part of Ameriquest's $325 million refund to over 481,000 customers in 49 different states.Last year state officials estimated 1,170 Wisconsin families were scammed by the company. Ameriquest has admitted no...

• 15,000 Ameriquest Borrowers in Pennsylvania to Share $10M Settlement

  Chrissie Cole | July 15, 2007 5:17 PM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  15,000 Pennsylvania consumers whom obtained loans from Ameriquest Mortgage Co. are eligible to a portion of a $10 million lawsuit settlement.The sum includes an undetermined number of customers in West Pennsylvania who have had dealings with the company, one of the nation's largest providers of home loans who cater to people who have credit problems, according to the state Attorney General.The...

• 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...