June 25, 2005 |
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.
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.
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.
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.
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.
February 22, 2008 |
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.