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Last updated 7:51PM ET
March 5, 2021
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Ameriquest Settlement
(2007-12-19)
(wgvu) - More than $14.5 million in restitution
checks are being mailed to thousands of mortgage loan borrowers in
Michigan as part of a multistate settlement with Ameriquest
Mortgage Co. and its related companies.
About 300,000 borrowers around the country will receive a share
of the $295 million national settlement. Eighteen-thousand are in
Michigan.
The settlement resolves accusations that Ameriquest and its
affiliates charged excessive fees and committed other improprieties
against borrowers.
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