November 8, 2005 |
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.
November 2, 2005 |
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.
October 26, 2005 |
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.
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.
September 16, 2005 |
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.
August 25, 2005 |
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.