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Roland E Arnall

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BUSINESS
August 25, 2005 | E. Scott Reckard, Times Staff Writer
Roland E. Arnall's ex-wife may continue to seek documents and testimony from the Ameriquest Mortgage Co. billionaire as she attempts to show that he concealed his true wealth when they divorced seven years ago, a Los Angeles judge ruled Wednesday. Sally Arnall contends that her former husband failed to disclose significant assets during lengthy mediation proceedings after they separated in 1996, and that he pressured her into accepting an inadequate settlement of $11 million and two homes.
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BUSINESS
February 22, 2008 | Jonathan Peterson, Times Staff Writer
Roland Arnall, a major Republican financier who helped create and ultimately became a symbol of the troubled sub-prime mortgage industry, is resigning his post as U.S. ambassador to the Netherlands. Arnall, founder of Ameriquest Mortgage Co. of Orange, once the nation's largest sub-prime lender, is returning home to be with his adult son, who is battling Hodgkin's lymphoma. His resignation is effective March 7.
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BUSINESS
November 2, 2005 | Jonathan Peterson, Times Staff Writer
For a few hours Tuesday, it looked like Ameriquest Chairman Roland E. Arnall had finally cleared the Senate Foreign Relations Committee in his bid to become U.S. ambassador to the Netherlands. But by nightfall in the Capitol, after a series of maneuvers, it appeared that the nomination once again was in limbo. The committee's Republican chairman said Arnall's nomination was recommended to the full Senate on an 8-2 vote. But Sen. Paul S. Sarbanes (D-Md.
BUSINESS
January 27, 2007 | E. Scott Reckard, Times Staff Writer
Providing a rare glimpse inside the executive suite at Ameriquest Capital Corp., a lawsuit filed Friday accused billionaire owner Roland E. Arnall of thwarting efforts to reform the Orange company's predatory practices in the selling of mortgage loans. The suit was filed by Wayne A. Lee, a longtime executive for Arnall who claimed that the company reneged on a deal to pay him $30 million after he left in 2005. Arnall is now U.S.
WORLD
February 10, 2006 | Jonathan Peterson, Times Staff Writer
Roland E. Arnall is heading for Amsterdam. The Southern California mortgage-lending magnate was confirmed late Wednesday as U.S. ambassador to the Netherlands, 16 days after his Ameriquest Mortgage Co. agreed to pay $325 million to settle allegations of unfair lending practices by regulators in 49 states and the District of Columbia. The uncontested Senate voice vote brought a peaceful end to a divisive, three-month confirmation process, in which Democrats led by Sen. Paul S. Sarbanes (D-Md.
BUSINESS
June 25, 2005 | Josh Friedman and E. Scott Reckard, Times Staff Writers
He built Orange-based Ameriquest Capital Corp. into the nation's largest "sub-prime" mortgage lender. Could the next job for Roland E. Arnall be U.S. ambassador to the Netherlands? A Dutch newspaper reported Friday that the Los Angeles billionaire was under consideration for the post. The White House declined to comment, but Arnall didn't exactly squelch speculation. "Mr.
BUSINESS
October 21, 2005 | Jonathan Peterson, Times Staff Writer
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.
BUSINESS
December 6, 2006 | E. Scott Reckard, Times Staff Writer
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.
BUSINESS
November 8, 2005 | E. Scott Reckard, Times Staff Writer
Ameriquest Capital Corp.'s pending settlement with a large coalition of states over its mortgage lending practices is expected to provide stronger protections for homeowners, with measures to ensure accurate appraisals and to prevent customers from being pressured into taking out loans, according to records and interviews. California Atty. Gen.
BUSINESS
October 26, 2005 | Jonathan Peterson, Times Staff Writer
Senate Democrats held up a key vote Tuesday on the confirmation of Ameriquest Chairman Roland E. Arnall for ambassador to the Netherlands, saying he should first resolve a 30-state investigation into his mortgage company's lending practices. Sen. Richard G. Lugar (R-Ind.), chairman of the Senate Foreign Relations Committee, reluctantly agreed to stop the panel's vote on Arnall just moments before it approved a handful of other ambassador nominees without dissent. Sen. Paul S. Sarbanes (D-Md.
BUSINESS
December 6, 2006 | E. Scott Reckard, Times Staff Writer
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.
WORLD
February 10, 2006 | Jonathan Peterson, Times Staff Writer
Roland E. Arnall is heading for Amsterdam. The Southern California mortgage-lending magnate was confirmed late Wednesday as U.S. ambassador to the Netherlands, 16 days after his Ameriquest Mortgage Co. agreed to pay $325 million to settle allegations of unfair lending practices by regulators in 49 states and the District of Columbia. The uncontested Senate voice vote brought a peaceful end to a divisive, three-month confirmation process, in which Democrats led by Sen. Paul S. Sarbanes (D-Md.
BUSINESS
January 24, 2006 | Jonathan Peterson, Times Staff Writer
Monday's settlement of predatory lending allegations against Ameriquest Mortgage Co. removes the major hurdle that blocked company founder Roland E. Arnall from becoming U.S. ambassador to the Netherlands. Arnall's confirmation is now expected, although the timing is not yet clear, congressional staffers said. The White House nomination has languished in the Senate since November, after the normally routine appointment flared into a heated partisan dispute. Senate Democrats, led by Paul S.
BUSINESS
November 21, 2005 | Jonathan Peterson, Times Staff Writer
As head of the Justice Department's civil rights division, Deval L. Patrick brought a case against Roland E. Arnall's mortgage lending company for allegedly piling extra charges onto home loans for minorities, women and the elderly. Arnall's firm ultimately agreed to settle a government lawsuit by paying $4 million to compensate borrowers and to teach consumers how to shop more smartly for loans. That was nearly a decade ago.
BUSINESS
November 8, 2005 | E. Scott Reckard, Times Staff Writer
Ameriquest Capital Corp.'s pending settlement with a large coalition of states over its mortgage lending practices is expected to provide stronger protections for homeowners, with measures to ensure accurate appraisals and to prevent customers from being pressured into taking out loans, according to records and interviews. California Atty. Gen.
BUSINESS
November 2, 2005 | Jonathan Peterson, Times Staff Writer
For a few hours Tuesday, it looked like Ameriquest Chairman Roland E. Arnall had finally cleared the Senate Foreign Relations Committee in his bid to become U.S. ambassador to the Netherlands. But by nightfall in the Capitol, after a series of maneuvers, it appeared that the nomination once again was in limbo. The committee's Republican chairman said Arnall's nomination was recommended to the full Senate on an 8-2 vote. But Sen. Paul S. Sarbanes (D-Md.
BUSINESS
September 16, 2005 | E. Scott Reckard and Jonathan Peterson, Times Staff Writers
Roland E. Arnall took a small thrift and turned it into one of the nation's largest mortgage lenders. Now, the Los Angeles billionaire faces what could be an even tougher job: putting his wife in charge of his empire, and not talking business with her. Arnall says it won't be a problem, promising in a government filing that he will resign as chairman of Orange-based Ameriquest Capital Corp. and give his wife, Dawn, control of his companies if he is confirmed as ambassador to the Netherlands.
BUSINESS
January 24, 2006 | Jonathan Peterson, Times Staff Writer
Monday's settlement of predatory lending allegations against Ameriquest Mortgage Co. removes the major hurdle that blocked company founder Roland E. Arnall from becoming U.S. ambassador to the Netherlands. Arnall's confirmation is now expected, although the timing is not yet clear, congressional staffers said. The White House nomination has languished in the Senate since November, after the normally routine appointment flared into a heated partisan dispute. Senate Democrats, led by Paul S.
BUSINESS
October 26, 2005 | Jonathan Peterson, Times Staff Writer
Senate Democrats held up a key vote Tuesday on the confirmation of Ameriquest Chairman Roland E. Arnall for ambassador to the Netherlands, saying he should first resolve a 30-state investigation into his mortgage company's lending practices. Sen. Richard G. Lugar (R-Ind.), chairman of the Senate Foreign Relations Committee, reluctantly agreed to stop the panel's vote on Arnall just moments before it approved a handful of other ambassador nominees without dissent. Sen. Paul S. Sarbanes (D-Md.
BUSINESS
October 21, 2005 | Jonathan Peterson, Times Staff Writer
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.
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