Posts tagged lawsuit

• Economic Crisis: Are People Looking For Lawsuits?

  Pete Mackey | March 17, 2009 9:03 AM | 6 CommentsMobile, AL Category: Miscellaneous
  

  My wife and I were at a party Saturday night and the conversation turned to ... what else? The economy. The couple I was speaking with were worried, like everyone should be, about where things are...

• New Yorker's Paid $18 Million in Ameriquest Settlement

  Chrissie Cole | December 31, 2007 11:16 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Ameriquest Mortgage Co., at one time the largest home mortgage lender catering to people with credit problems, paid New Yorkers $18 million as part of a previous nationwide predatory lending settlement.Checks were sent to approximately 13, 700 New Yorkers, according to a joint statement released on Monday, by Governor Eliot Spitzer and Attorney General Andrew Cuomo."Through their aggressive use...

• Michigan Borrowers Awarded $14 Million in Ameriquest Settlement

  Chrissie Cole | December 20, 2007 10:04 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Over $14 million dollars in checks are being mailed to 18, 481 Michigan loan borrowers as part of a settlement with Ameriquest Mortgage, once the nation's largest sub-prime lender. The payments are part of a $295 million national settlement stemming from a predatory lending lawsuit against them.More than 300,000 nationwide borrowers are expected to receive a share of the settlement. Total...

• Wachovia Suing Ameriquest

  Chrissie Cole | October 18, 2007 11:00 AM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Wachovia is suing Ameriquest Mortgage for $1 million dollars accusing them of selling bad loans, representing further fallout from a meltdown in the subprime mortgage lending industry.Wednesday, Ameriquest based in Orange, California, filed to move the case into federal court. Wachovia filed the lawsuit last month in Charlotte Superior Court.Wachovia claims they paid Ameriquest almost $129...

• NAACP Names Ameriquest in Lawsuit

  Chrissie Cole | September 26, 2007 4:16 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  The National Association for the Advancement of Colored People (NAACP) has brought a lawsuit against 11 major mortgage lenders, including Ameriquest Mortgage, for singling out black people for costly subprime loans.Angela Ciccolo, an NAACP attorney, and Austin Tighe, an attorney representing the plaintiffs, confirmed that some of the 11 lenders named in the lawsuit had begun meeting with the...

• Woman Files Suit Against Ameriquest for Foreclosure

  Chrissie Cole | September 22, 2007 5:56 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  A 70-year-old Florida woman is fighting the foreclosure of her home after Ameriquest refinanced her mortgage three times since 2001, promising to help her lower her monthly payments and interest rate, only now her payments have more than doubled.She is challenging the foreclosure claiming Ameriquest took advantage of her, a sick widow, who didn't finish high school and was unable to understand...

• Ameriquest Class Action Settlement Deadline Near

  Chrissie Cole | September 05, 2007 8:47 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  If you were once a customer of Ameriquest Mortgage Co., there may be a check for $955 waiting for you. However, you better act fast because next Monday is the deadline to get your piece of the class-action lawsuit settlement.A series of lawsuits accused Ameriquest of several illegal practices to entice new customers into loans. Last year the company agreed to the settlement to get the Attorney...

• Ameriquest Mortgage Closes its Doors

  Chrissie Cole | September 02, 2007 8:49 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Once the nation's largest subprime lender, Ameriquest Mortgage Co., is closing its doors. On August 1, the company stopped accepting new mortgage applications, its parent company, ACC Capital Holdings, announced on Friday. They are also selling their other assets - a wholesale mortgage origination operation and a mortgage servicing business to Citigroup Inc. for an undisclosed amount.The...

• OAG Obtains $21M Restitution for Texas Homeowners Harmed by Ameriquest

  Chrissie Cole | August 15, 2007 9:44 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  The OAG (Office of the Attorney General), Under the Texas Deceptive Trade Practices Act, has the authority to prosecute misleading practices and has recovered millions for Texas homeowners harmed by title scams, undisclosed costs and any and all other unlawful mortgage related scams.In July, The OAG obtained $21 million dollars in restitution for Texas homeowners harmed by super lender...

• Ameriquest to Pay 20,000 Massachusetts Borrowers Restitution

  Chrissie Cole | July 13, 2007 10:39 PM | 0 CommentsMobile, AL Category: Miscellaneous
  

  Martha Coakley, Massachusetts Attorney General, announced Ameriquest Mortgage Co. and its affiliates will pay $20,000 to borrowers in the state $13.75 million in restitution as part of a $325 million national settlement reached last year.The amount to be paid is increased from the $12.2 million Massachusetts officials had previously estimated was owed. Coakley's office says they will start...