bigfootzx
04-01-2008, 05:02 AM
Only in America can a man build mortgage empire scamming the public, pay back a fraction of the money made and then be named US Ambassador. Simply amazing!!
http://mortgage.freedomblogging.com/2008/03/17/ameriquest-founder-arnall-dead/
Roland Arnall, the founder of Orange-based Ameriquest Mortgage Corp. and the recent U.S. Ambassador to the Netherlands, died at age 68 in Los Angeles. Arnall died Monday of unknown causes, said Chase Beamer, a State Department spokesman. A family statement said Arnall died Monday at UCLA Medical Center, but did not release a cause of death, according to the Associated Press.
Arnall, a major contributor to Republican Party causes and President Bush’s campaigns, was appointed Ambassador to the Netherlands in 2006 after Ameriquest and its affiliated companies agreed to pay $325 million to settle complaints of predatory lending by attorneys general in 49 states. Ameriquest was at one point the nation’s largest subprime lender, but the company closed almost all of its operations last year as the subprime lending industry collapsed.
http://www.innercitypress.org/ameriquest.html
The founder of Ameriquest, Roland Arnall, who has made billions from predatory lending, was nominated by President Bush as Ambassador to the Netherlands. While a few U.S. Senators delayed his confirmation until Ameriquest finalized a settlement with state attorneys general, now Arnall will profit again, selling the remainder of the company to Citigroup. The losers in the deal are the borrowers from whom Citigroup will even more ruthlessly squeeze payments on loans that were misleading and abusive from the start, and future borrowers whom Citigroup will target with the ex-Ameriquest "scalable platform."
http://mortgage.freedomblogging.com/2008/03/17/ameriquest-founder-arnall-dead/
Roland Arnall, the founder of Orange-based Ameriquest Mortgage Corp. and the recent U.S. Ambassador to the Netherlands, died at age 68 in Los Angeles. Arnall died Monday of unknown causes, said Chase Beamer, a State Department spokesman. A family statement said Arnall died Monday at UCLA Medical Center, but did not release a cause of death, according to the Associated Press.
Arnall, a major contributor to Republican Party causes and President Bush’s campaigns, was appointed Ambassador to the Netherlands in 2006 after Ameriquest and its affiliated companies agreed to pay $325 million to settle complaints of predatory lending by attorneys general in 49 states. Ameriquest was at one point the nation’s largest subprime lender, but the company closed almost all of its operations last year as the subprime lending industry collapsed.
http://www.innercitypress.org/ameriquest.html
The founder of Ameriquest, Roland Arnall, who has made billions from predatory lending, was nominated by President Bush as Ambassador to the Netherlands. While a few U.S. Senators delayed his confirmation until Ameriquest finalized a settlement with state attorneys general, now Arnall will profit again, selling the remainder of the company to Citigroup. The losers in the deal are the borrowers from whom Citigroup will even more ruthlessly squeeze payments on loans that were misleading and abusive from the start, and future borrowers whom Citigroup will target with the ex-Ameriquest "scalable platform."