Wednesday, May 03, 2006

Ameriquest Mortgage Closes Michigan Doors

According to the Detroit News, Ameriquest Mortgage has closed all 10 of its Michigan offices, consolidating their lending operations into four regional mortgage production centers in California, Arizona, Illinois and Connecticut. They continue to serve Michigan consumers on-line.

Earlier this year, Michigan was part of a lawsuit settlement against Ameriquest charging the company with unfair and deceptive lending practices resulting in $12.1 million paid in restitution to Michigan consumers.

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