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Ameriquest mortgage. E first mortgage companies to use computers to search for prospective borrowers, and to speed up the loan process. Ameriquest is widely known in the United States. It advertises widely on television, has blimps that fly over football and baseball stadiums, and is even sponsoring the 2005 Rolling Stones' U.S. tour. The home stadium of the Texas Rangers is now called Ameriquest Field. Sub-prime lenders made $587 billion in new mortgages in 2004, up from $390 billion in 2003, according to National Mortgage News. Ameriquest's share of that is estimated at over $50 billion. edit Lawsuits In 1996, the company paid $3 million to settle a Justice Department lawsuit accusing it of gouging older, female and minority borrowers. Prosecutors accused it of allowing mortgage brokers and its employees to add a fee to these customers of as much as 12% of the loan amount. In 2001, after being investigated by the Federal Trade Commission, the company settled a dispute with ACORN, a national organization ameriquest mortgage

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Of community groups, promising to offer $360 million in low-cost loans. On 1 August 2005, Ameriquest announced that it would set aside $325 million to settle attorney general investigations in 30 states. In at least five of those states — California, Connecticut, Georgia, Massachusetts, and Florida — Ameriquest has already settled multimillion-dollar suits. In May, 2006, Ameriquest Mortgage announced it was closing all of its retail offices, and will emphasize in the future its loans through brokers, a channel that is not covered by the predatory lending settlement with the Attorneys General. The issues confronted by companies like Ameriquest are considered by many industry experts to be the major contributing factor to the rapid rise of Certified Mortgage Planners, certified industry experts that work in concert with Certified Financial Planners in harmonizing the home finance products utilized by consumers with their larger financial portfolios. citation& 160;needed edit External ameriquest mortgage

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ameriquest mortgage Se states — California ameriquest mortgage, Connecticut ameriquest mortgage, Georgia ameriquest mortgage, Massachusetts ameriquest mortgage, and Florida — Ameriquest has already settled multimillion-dollar suits. In May ameriquest mortgage, 2006 ameriquest mortgage, Ameriquest Mortgage announced it was closing all of its retail offices ameriquest mortgage, and will emphasize in the future its loans through brokers ameriquest mortgage, a channel that is not covered by the predatory lending settlement with the Attorneys General. The issues confronted by companies like Ameriquest are considered by many industry experts to be the major contributing factor to the rapid rise of Certified Mortgage Planners ameriquest mortgage, certified industry experts that work in concert with Certified Financial Planners in harmonizing the home financ ameriquest mortgage.

ameriquest mortgage E products utilized by consumers with their larger financial portfolios. citation& 160;needed edit External links Ameriquest website Company press releases Ameriquest $325 settlement press release with links to agreement and fact sheet Meet the biggest predatory lender in Cleveland — America's new ambassador to the Netherlands. ameriquest mortgage, Cleveland Scene magazine. Forbes Magazine top 400 entry for Roland Arnall Workers Say Lender Ran 'Boiler Rooms' ameriquest mortgage, Los Angeles Times ameriquest mortgage, February 4 ameriquest mortgage, 2005 Attorneys general comment on their investigation of Ameriquest SECInfo.com Ameriquest SEC filings Argentmortgage.com Argent Mortgage Company Retrieved from "http: en.wikipedia.org wiki Ameriquest_Mortgage" Categories: Articles with unsourced statements Financial services companies of the United States Mortgage lenders Views Article Discussion Edit this page History Personal tools Sign in create account Navigation Main Page Community Portal Featured content Current events Recent changes Random article Help Contact Wikipedia Donations Search Toolbox What links here Related changes Upload file Special pages Printable version Permanent linkCite this article This page was last modified 05:45 ameriquest mortgage, 2 December 2006. All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registere.

ameriquest mortgage Ameriquest_Mortgage" Categories: Articles with unsourced statements Financial services companies of the United States Mortgage lenders Views Article Discussion Edit this page History Personal tools Sign in create account Navigation Main Page Community Portal Featured content Current events Recent changes Random article Help Contact Wikipedia Donations Search Toolbox What links here Related changes Upload file Special pages Printable version Permanent linkCite this article This page was last modified 05:45 ameriquest mortgage, 2 December 2006. All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered.

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