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...Also clustered in Orange County were some of the best-known subprime shops in the country, such as New Century, Ameriquest and Fremont....
...Mr Miller cracked down on subprime lending when he led a group of states in successfully suing Household International, now part of HSBC, and Ameriquest Mortgage Company for deceptive lending practices....
...Take Roland Arnall, founder and chief executive of Ameriquest Mortgage Co, the California-based company that made more than $80bn in subprime mortgages between 2005 and 2007....
...Whatever the ins and outs of the Ameriquest case, says Tett, there are signs that the political ramifications of the credit mess are set to turn uglier....
...But whatever the precise details of the Ameriquest case, the saga highlights two bigger points about how the credit mess is unfolding....
...Arnall’s home lending businesses Ameriquest Mortgage and Argent Mortgage could be sold soon given the sale of a sister company this week and the decline in the US sub-prime lending market since the billionaire...
...Ameriquest Mortgage Co recently received working capital from Citigroup and the bank has an option that will enable it to purchase the lender’s mortgage origination and servicing units....
...Just a few months after Ameriquest sponsored the Stones tour (and held a sweepstake for five lucky mortgage-holders to meet the ageing rockers), Fidelity has announced it will sponsor the McCartney tour,...
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