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Ameriquest Mortgage
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Investors worry about subprime lenders such as New Century Financial Corp. (NEW.N: Quote, Profile, Research) and Ameriquest Mortgage Co., which lend to people thought to be at greater risk of default. Shares of several fell by double-digit percentages this summer. Bochman says subprime and home equity loan growth "is going to haunt banks in the next two or three quarters."
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Ameriquest Mortgage is one of the biggest U.S. mortgage lenders specializing in refinance loans, home mortgage loans, and new home purchases. It has disclosed its plans to offer $2 billion of asset-backed securities supported by home equity loans.
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Consumers who took home loans from Ameriquest Mortgage Co. will soon begin to receive forms for claiming a share of a usd. 325 million settlement reached with the sub prime lender that has agreed to pay in order to patch up accusations of predatory lending practices.
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EL PASO – Texas Attorney General Greg Abbott today announced that Texas homeowners who were harmed by Ameriquest Mortgage Co.’s deceptive lending practices will share in almost $21 million in restitution. Eligible Texans will receive claim forms from the lending giant in the coming days.
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Ameriquest Mortgage has been around for 20 years and is a leader in the mortgage market. While other lenders may have turned you down for one reason or another, Ameriquest will work hard to get you the money you need. Their loans are easier to qualify for, and their rates are competitive. You can be prequalified in 24 hours. And you can close your loan with Ameriquest in days, not months.
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About 6,900 Wisconsin homebuyers - five times more than originally thought - are entitled to $3.2 million restitution from Ameriquest Mortgage Co. for alleged overcharging , the state attorney general said Tuesday. The settlement is part of Ameriquest's previously announced $325 million refund to 481,000 customers nationwide.
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