The Crisis Of Ameriquest Loan

2009-01-14 16:29:59

( Financial )



Ameriquest Loan: for sale?

Ameriquest Mortage is one of the largest mortgage company in the state. Ameriquest is based in Orange County, California. It is one of the well-known mortgage companies as it is advertised almost everywhere. Ameriquest is one of the first companies to use computers so as to speed up the loaning process and to look for possible customers. Unfortunately, Ameriquest is struck down with an economic crisis. Many employees of Ameriquest jobs lose their work as the mortgage company closes its branches.

Ameriquest Mortgage Company is accused of unethical practices so as to have sales. The Ameriquest Loan allow individuals for 'conventional loaning' in which these individuals could not apply for the traditional loaning as they have bad records in their other loans. Conventional loaning would allow them to borrow money from Ameriquest Loan but they have higher interest rates than those who have traditional loans.

It is also noted that Ameriquest Loan is spending millions of dollars just to build their image so that they would have political influence. They give money to politicians and other government officials.

The reputation of Ameriquest Mortgage Company is largely hit by rumors that Ameriquest has abused its applicants. There are instances in which the applicants or borrowers are being given expensive loan terms in which they could not return the money that they own. Ameriquest has also been accused of falsifying the documents of its borrowers so that they would have loans that are more expensive than the original amount that they have borrowed. Because of these, many borrowers of Ameriquest have filed lawsuits against Ameriquest Mortgage Company.

These things are some of the reasons why there is a decline in the lending volume of Ameriquest Mortgage Company. But the spokesperson for Ameriquest has announced that Ameriquest Mortgage Company is still not for sale.


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