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Ditech 125 Freedom Loan |
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Ditech 125 Freedom Loan |
We urge you to contact us before agreeing to sign with Ditech. It will cost you nothing to get a free rate quote, and a Good Faith Estimate of Closing Costs from us. BE SURE TO INSIST DITECH PROVIDE the Good Faith Estimate of closing costs and Truth In Lending disclosure as required by Federal law! Do Not enter into a transaction with Ditech or any other lender "blind" or with your fingers crossed until you know exactly what you are agreeing to! Check with us. call Toll Free 888-643-3659
(MD Only)
PREDATORY
LENDING SETTLEMENTS
POSTED: Jan 26, 2006 725 ,000 borrowers may be affected Subprime giant Ameriquest Mortgage has agreed to pay $325 million to settle claims with 49 states that the company engaged in abusive lending practices. Ameriquest Mortgage is a so called Direct Lender! Ameriquest
owes Utahns
Up to 3,000 Utahns may be eligible for refunds under a $325 million settlement with Ameriquest Mortgage Company, accused by borrowers nationwide of fraud and predatory lending practices. The deal is the second-largest mortgage settlement in U.S. history, and yet the repayments - pegged at about $600 per person - pale in comparison to what many consumers say they are owed by the California-based lender. Under the deal
announced Monday (website editor's
note: Jan. 23, 2006), about 725,000 borrowers
in 49 states and the District of Columbia could be entitled to some portion
of the settlement, which awards $295 million to consumers and $30 million
to help states cover their investigatory costs. Utah's share is $1.875
million for consumers and $125,000 for the state. read
more
Ameriquest to Pay Missouri Consumers $3.2 Million - Kansas City InfoZine - Jan 25 2:59 AM Wednesday, January 25, 2006 :: infoZine Staff :: Ameriquest to Pay Missouri Consumers $3.2 Million Part of nationwide settlement Jefferson City, Mo. - infoZine - More than 10,000 Missouri consumers who borrowed money through Ameriquest Mortgage Co., the nation's largest sub-prime lender, will be eligible for restitution payments totaling approximately $3.2 million from the company. The restitution
is part of a $325 million nationwide agreement between Ameriquest and 49
states announced today by Attorney General Jay Nixon. Nixon says this
is the second-largest state or federal consumer protection settlement in
history, after the $484 million predatory lending agreement reached in
2002 between most states and Household Finance Corp. read
more
Ameriquest name bringing shame - Fort Worth Star-Telegram - Jan 26 4:47 AM PREDATORY LENDING SETTLEMENTS AS OF JAN 26, 2006 #1 Household Finance Corp $484 Million 2002 #2 Ameriquest Mortgage $325 Million 2006 BE SURE
TO INSIST DITECH PROVIDE the Good Faith Estimate of Closing Costs and Truth
In Lending disclosure as required by Federal law,
Consolidated
Mortgage Corp.
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