Does Ameriquest Settlement Provide a Compliance Plan?
Has your subprime lending shop studied the landmark settlement between Ameriquest Mortgage and state attorneys general? If not, you’d better do so soon, warn industry experts, who see the $325 million agreement as a blueprint on how to stay out of trouble. That was the message that emerged from a recent audio conference on subprime lending, sponsored by Inside Mortgage Finance Publications. Participants in the conference heard talk of a charged regulatory environment where…