Posts tagged UI

• Ameriquest Named in Federal Class Action Lawsuit Filed by The NAACP

  Chrissie Cole | September 03, 2007 1:02 AM | 0 CommentsMontgomery, AL Category: Miscellaneous
  

  A federal class action lawsuit was filed by the NAACP on July 11, in the United States District Court of Central California. The lawsuit names Ameriquest Mortgage Co. along with several other mortgage giants.Recent reports across several agencies cite the prevalence of sub-prime mortgages and predatory lending practices as the root of foreclosures rising. According to the NAACP foreclosures are...

• Ameriquest Accused of Excessive Fees & Altered Terms

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

  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 Category: Miscellaneous
  

  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 Category: Miscellaneous
  

  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 Category: Miscellaneous
  

  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 Category: Miscellaneous
  

  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...