Industry News

Ameriquest finalizes $325 million settlement, reports say

Subprime lender accused of deceiving borrowers
Published on Jan 23, 2006

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by CareyBot

Ameriquest Mortgage Co. has finalized a $325 million settlement of allegations that it deceived borrowers, falsified loan documents and pressured appraisers to overstate home values, the Los Angeles Times reported Saturday. A task force of 49 states and the District ...