Industry News

New crackdowns on subprime lenders may be on the way

Ameriquest settlement sets wheels in motion
Published on Feb 1, 2006

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by CareyBot

Ameriquest Mortgage Co.’s agreement last week to pay $325 million and reform its operations could turn out to be the first in a series of regulatory actions targeting subprime mortgage companies, the Los Angeles Times reported Tuesday. On Jan. 23, ...