Who is the Enron? Toll Brothers? NAR? Greenspan?
Here's a vote for Ameriquest:
Disclosing the details of a $325 million settlement between Ameriquest Mortgage Co. and 49 states, Massachusetts Attorney General Thomas F. Reilly advised consumers to avoid doing business with the California mortgage company.
Reilly, who is running for governor, said Ameriquest's unfair lending practices have persisted despite several regulatory actions against the company during the past decade. The current settlement, if approved by the courts, would be the fourth agreement that Ameriquest has entered into since 1996 over its lending practices.
''This is a very bad company engaged in despicable practices," by failing to disclose it was extracting high fees from customers' home equity when it refinanced their home loans, Reilly said at a press conference yesterday.
''They have been doing it a long, long time," he said. ''I would personally have nothing to do with this company."
January 27, 2006
Posted by blogger at 1/27/2006