June 24, 2005 |
Attorneys who contend that Ameriquest Mortgage Co. overcharged thousands of customers by using "bait and switch" tactics will ask a state judge today to approve a settlement that could return as much as $50 million to borrowers in California and three other states.
March 26, 2005 |
A legal aid group is calling on Pennsylvania regulators to investigate Ameriquest Mortgage Co., citing an alleged "pattern of unfair, deceptive and unethical conduct" that could be grounds for revoking its lending license in the state. In a complaint on behalf of six Ameriquest borrowers, Community Legal Services Inc. of Philadelphia accused the Orange County-based company of using "bait and switch" tactics to stick borrowers with higher fees, rates and payments than promised.
November 8, 2007 |
Have you received calls from telemarketers -- which, of course, usually come at dinner time -- even though you were on the Do Not Call registry? The Federal Trade Commission called some of these alleged violators back, and it will cost them a lot more than an evening meal. The agency said Wednesday that several companies, including such nationally known names as Ameriquest Mortgage Co. and ADT Security Services Inc.
December 6, 2006 |
Is the Ameriquest empire assembled by Roland E. Arnall about to be dismantled? The Los Angeles billionaire's financial lending business has declined sharply since his appointment as ambassador to the Netherlands in February. On Monday, his holding company sold car-loan subsidiary Long Beach Acceptance Corp. to a Texas buyer for $282.5 million. Some believe that Arnall's big home loan units, Ameriquest Mortgage Co. and Argent Mortgage Co., could be next to go.
April 16, 2000 |
Scores of protesters stormed into an Ameriquest Mortgage Co. office outside Washington last month, chanting slogans such as "No more loan sharks!" and "People over profits!" One demonstrator marched around in a shark costume to make the group's point. As stunned loan agents fled to a back office and locked the door, police arrived to quell the disturbance.
CALIFORNIA | LOCAL
November 9, 2005 |
The head of the Mexican American Political Assn. on Tuesday called on Los Angeles Mayor Antonio Villaraigosa to drop support of an ambassadorship for an owner of Ameriquest and urged him not to use the mortgage company's jet again. Also, the executive director of California Common Cause urged Villaraigosa to disclose the full value of flights that he, an aide and their security detail took Nov.
CALIFORNIA | LOCAL
November 8, 2005 |
Los Angeles Mayor Antonio Villaraigosa faced criticism Monday for requesting the use of a jet owned by Ameriquest, a mortgage firm that has a City Hall lobbyist assigned to press its interests with the mayor. Villaraigosa, who once worked for the firm, flew last week on the private jet to Detroit with an aide and his security detail after receiving a last-minute invitation to speak at the funeral of civil rights pioneer Rosa Parks.
May 16, 2006 |
Massachusetts Democratic gubernatorial candidate Deval Patrick said Monday that he was stepping down as a board member of the parent company of beleaguered mortgage giant Ameriquest, saying he wanted to focus on the election and has helped set the lender on the right path. Patrick has weathered criticism from Democratic rival Atty. Gen. Tom Reilly, who has tried to use Patrick's connection to the mortgage company to chip away at Patrick's base of support among the party's more liberal voters.
October 21, 2005 |
Roland E. Arnall's nomination for ambassador to the Netherlands hit turbulence Thursday on Capitol Hill, as two lawmakers suggested that his confirmation could be withheld until after his mortgage lending company resolves an inquiry by attorneys general and regulators in 30 states. The Los Angeles billionaire is principal owner of Ameriquest Capital Corp.
May 22, 2005 |
Ameriquest Capital Corp. and the Greenlining Institute have had a rewarding friendship -- an odd coupling of an Orange County-based mortgage giant and a Berkeley-based activist network known for criticizing big corporations. Ameriquest donated $350,000 to the institute in little more than two years and kept up a steady dialogue about the advocacy group's concerns about the mortgage industry. The Greenlining Institute, in turn, endorsed Ameriquest's pledges to treat borrowers fairly.