Advertisement
YOU ARE HERE: LAT HomeCollectionsRoland E Arnall
IN THE NEWS

Roland E Arnall

FEATURED ARTICLES
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.
ARTICLES BY DATE
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.
Advertisement
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
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
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
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.
BUSINESS
September 1, 2007 | E. Scott Reckard, Times Staff Writer
Ameriquest Mortgage Co., once the "Proud Sponsor of the American Dream," is closing. Citigroup Inc. said Friday that it would buy the remnants of the Ameriquest empire from ACC Capital Holdings in Orange, and ACC said it was "preparing for an orderly wind-down of its retail mortgage business." Ameriquest shuttered its 229 retail offices months ago. As recently as 2005, Ameriquest and its sister company, Argent Mortgage, were together the No. 1 sub-prime mortgage lender in the world.
CALIFORNIA | LOCAL
November 12, 1986
A proposal for a Marriott hotel on the campus of California State University, Fullerton, to be used to finance a $6.7-million football stadium and sports complex, received crucial backing Tuesday by a committee of the California State University Board of Trustees. Unanimous voice vote approval by the trustees' Committee on Campus Planning, Buildings and Grounds virtually assures passage today by the CSU Board of Trustees, said committee chairman Roland E. Arnall, a CSU trustee from Los Angeles.
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 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
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.
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
March 1, 2007 | E. Scott Reckard, Times Staff Writer
Citigroup Inc. bolstered the finances of the Ameriquest companies Wednesday by providing new funds, setting up a major credit line and getting an option to buy some operations of the specialist in high-cost mortgages to high-risk buyers. Los Angeles billionaire Roland E. Arnall, Ameriquest's principal owner and the U.S. ambassador to the Netherlands, also will provide a cash infusion, the Orange-based sub-prime lending company said.
BUSINESS
April 13, 2010 | By Jim Puzzanghera and E. Scott Reckard
Before Washington Mutual collapsed in the largest bank failure in U.S. history, its executives knowingly created a "mortgage time bomb" by making subprime loans they knew were likely to go bad and then packaging them into risky securities, a congressional investigation has found. In some cases, the bank took loans in which it had discovered fraudulent activity -- such as misstated income by borrowers -- and rolled them into mortgage securities sold to investors without disclosing the fraud, according to the report released Monday by the Senate's Permanent Subcommittee on Investigations.
Los Angeles Times Articles
|