Freethought & Rationalism Archive

Northern Jacana · 02-07-2005, 03:17 PM

Where did they come from to afford superbowl sponsorship? It's a private org. Who owns them? According to their website they have 2 balloon ships, one called Liberty, the other Freedom. They own Arlington field, Texas Ranger ballpark. I found a website about ripoff reports and there were quite a few disgruntled customers of Ameriquest. Anybody know? Another enron?

AzJeff · 02-07-2005, 04:13 PM

Yeah - I was surprised to see a commercial from them - during the SuperBowl, no less!

I get their crap lending/mortgage junk mail all the time.

They are being investigated :

Quote:

Workers Say Lender Ran 'Boiler Rooms'

Critics say Ameriquest, touted as an industry model, fabricated data, forged documents and hid fees. The company denies wrongdoing.

- j

JustBlazed · 02-07-2005, 04:39 PM

Hhhmmm they are in business with the devil himself, GW Bush, in some way or another when you mentioned the Texas Rangers.

Look what we have here! The 4th search query for "Ameriquest" yields this wonderful ditty.

Quote:

Mark Bomchill says he'd like to forget the year he spent hustling mortgages for Ameriquest Capital Corp. in suburban Minneapolis.
Slugging down Red Bull caffeine drinks, sales agents would work the phones hour after hour, he said, trying to turn cold calls into lucrative "sub-prime" mortgages — high-cost loans made to people with spotty credit.

Quote:

Ameriquest customers filed more complaints with the Federal Trade Commission from 2000 through 2004 than did those of two of its biggest competitors combined, the agency said — 466 compared with 101 for Full Spectrum Lending (Calabasas-based Countrywide Financial Corp.'s sub-prime unit) and 51 for Irvine-based New Century Financial Corp.

Quote:

Recent lawsuits filed by consumers in California and at least 20 other states allege a pattern of fraud, falsification of documents, bait-and-switch sales tactics and other violations. Six of these suits seek class-action status to represent large groups of borrowers; such status has been granted for a 2001 suit filed in Redwood City, Calif. In a sworn declaration in that case, a former loan officer named Kenneth Kendall said Ameriquest managers encouraged employees to "promise certain interest rates and fees, only to change those rates at the time of the closing."

I could have gone on and on with the quotes from this article....but that gives you the gist, again I linked to it if you wish to read the entire thing.

It looks like Ameriquest = evil and predatory :devil1:

02-07-2005, 03:17 PM	#1
Northern Jacana Junior Member Join Date: Mar 2004 Location: Philadelphia Posts: 15	Ameriquest--superbowl sponsor? Where did they come from to afford superbowl sponsorship? It's a private org. Who owns them? According to their website they have 2 balloon ships, one called Liberty, the other Freedom. They own Arlington field, Texas Ranger ballpark. I found a website about ripoff reports and there were quite a few disgruntled customers of Ameriquest. Anybody know? Another enron?

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