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Home » Store » Taxable » Post-Settlement Ameriquest is Battling New TILA Lawsuits

Post-Settlement Ameriquest is Battling New TILA Lawsuits

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Perhaps proving the adage that no good deed goes unpunished, Ameriquest Mortgage is being sued over a policy that – ironically – goes beyond existing law to extend the timeframe in which borrowers can walk away from their loans. One of the subprime market’s largest players, Ameriquest made headlines earlier this year when it agreed to pay $325 million and change its business practices to put to rest allegations that its loan officers used deceptive tactics to trick borrowers into taking high-priced mortgages...
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