Miscellaneous

• Ameriquest Accused of Excessive Fees & Altered Terms

  Chrissie Cole | August 24, 2007 4:40 PM | 0 CommentsMontgomery, AL

  Stemming back as far as 2005 and earlier, Ameriquest Mortgage has been facing lawsuits from over 29 states nationwide over allegations of deceptive sales practices.In August 2005, Ameriquest announced they had reached a tentative $325 million settlement for customers who alleged the subprime lender charged them excessive fees and changed the agreed terms on their loans when they went to sign the...

• 6,900 Wisconsin Homeowners to Get Restitution from Ameriquest

  Chrissie Cole | July 18, 2007 12:11 AM | 0 CommentsMontgomery, AL

  Over 6,900 Wisconsin homeowners are entitled to $3.2 million in restitution from Ameriquest Mortgage Co. for alleged overcharging, according to the state attorney general. The settlement is part of Ameriquest's $325 million refund to over 481,000 customers in 49 different states.Last year state officials estimated 1,170 Wisconsin families were scammed by the company. Ameriquest has admitted no...

• 15,000 Ameriquest Borrowers in Pennsylvania to Share $10M Settlement

  Chrissie Cole | July 15, 2007 5:17 PM | 0 CommentsMontgomery, AL

  15,000 Pennsylvania consumers whom obtained loans from Ameriquest Mortgage Co. are eligible to a portion of a $10 million lawsuit settlement.The sum includes an undetermined number of customers in West Pennsylvania who have had dealings with the company, one of the nation's largest providers of home loans who cater to people who have credit problems, according to the state Attorney General.The...

• Ameriquest to Pay $325 Million to Homeowners

  Chrissie Cole | July 12, 2007 12:44 AM | 0 CommentsMontgomery, AL

  Ameriquest Mortgage Co. along with AMC Mortgage Services Inc. (formerly Bedford Home Loans) and Town and County Credit Corporation agreed to pay $325 million to homeowners that were affected by home mortgage sales schemes.The settlement is a resolution to allegations that Ameriquest and affiliates failed to properly disclose home loan terms, failure to disclose whether loans were adjustable or...

• One of Many Lawsuits Against Ameriquest Mortgage Co.

  Chrissie Cole | July 01, 2007 12:47 PM | 0 CommentsMontgomery, AL

  Dated as far back as April 2005, there have been several lawsuits filed against Ameriquest Mortgage Co. One such lawsuit against Ameriquest Mortgage Co. includes five residents of Pinellas County who went to Ameriquest Mortgage Corp. for home loans, allege the company's Tampa office inflated appraisals, lied about interest rates and fees and falsified documents to drum up more business.They...

• Duke Settles with Players and Judge Suspends Nifong Immediately

  Staff Writer | June 19, 2007 11:17 AM | 0 CommentsMontgomery, AL

  Duke University has settled on a financial agreement with three of their former students and lacrosse team players. The students were suspended and the lacrosse team season was cancelled after they were charged with rape. The allegations turned out to be false.On Monday, the school stated, "We welcomed their exoneration and deeply regret the difficult year they and their families have had to...

• Globetrotting Honeymooner Sparks International TB Scare

  Staff Writer | June 14, 2007 11:46 AM | 0 CommentsMontgomery, AL

  Andrew Speaker triggered an international tuberculosis scare when he exposed fellow travelers to a highly drug resistant form of TB. Speaker knew that when he flew out of Atlanta for his wedding in Greece that he had TB, but did not find out that it was a highly dangerous form until he reached Europe. Speaker disregarded US health officials by flying to and from Europe for his wedding and...

• Allianz Life Insurance Class Action Lawsuit Opt-Out Date Approaching

  Staff Writer | May 03, 2007 3:29 PM | 0 CommentsMontgomery, AL

  See our Mobile blog for an update about the Allianz Life Insurance class action lawsuit. The opt-out date is quickly approaching.

• Lack of safety measures in the trucking industry can cost lives

  Tom Methvin | October 13, 2006 3:53 PM | 0 CommentsMontgomery, AL

  Although tractor-trailers make up only a small percentage of the total vehicles on the road today, they cause a majority of fatalities. According to the Insurance Institute for Highway Safety, tractor-trailers have a substantially higher fatal crash rate per mile than passenger vehicles. This is very alarming, considering that most travel by tractor-trailers occurs on our interstates. Records...