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Ameriquest Mortgage - incompetent spammers

Tuesday, September 27, 2005

The woman with the Ameriquest problem called again

I decided to call her back.  First the phone was busy.  Then I finally got to talk to her husband, she had left for work, apparently works nights.  In Ohio.

I told him that there’s nothing I can do for people since I’m not an attorney, especially not on the phone.  He apologized and was real nice, so I asked about their problem and he told me that their mortgage was sold to another company.  Now I can’t remember the name.  Wilshire? Something like that, I hadn’t heard of them before. 

The problem is that the balance is higher than it should be and they’ve already tried the Ameriquest president’s office and they’ve been to attorneys who weren’t interested.  As usually.

There ARE a lot of people working on the subprime mortgage fraud in Ohio and that’s why it’s important that people POST at Fight Back!!! and then I can post some links on how to order accounting statements and how to document claims.  If all else fails, people can always sue in small claims.

Of course I can’t give any links on the phone ...

Did a google: wilshire mortgage ameriquest

How odd, there is a Wilshire mortgage company and

Ameriquest Mortgage Co
3530 Wilshire Blvd # 600
Los Angeles, CA

There are a whole bunch of mortgage companies on Wilshire Blvd.

Monday, September 26, 2005

Another Ameriquest borrower called because she’s afraid she’ll lose her home

And there’s no reason to call her back because there’s nothing I can do for her.  The God damned consumer “advocate” lawyers and NACA sold out to the corporations.

I never received a response to Summary - the lawyers are the last piece in the corruption puzzle.  Is there ANY way to fix this broken system?

They’re busy making secret deals for fat settlement checks.

c:  URL e-mailed to David Anthony Szwak - (the consumer “advocate” lawyer who hates the poor)
Leonard A. Bennett - (made some good case law and testified for Congress, but sides with scumbags like David Szwak)
Ira Rheingold - (Executive Director and General Counsel of the National Association of Consumer Advocates)

Saturday, September 24, 2005

Ameriquest spammers sued, but Cal AG Lockyer and FTC protect Ameriquest

A reader sent me the links to press releases about these spam suits.

http://ag.ca.gov/newsalerts/release.php?id=578

and

http://www.ftc.gov/os/caselist/0423172/0423172.htm

Since he’s involved in the suit and mentioned that he traced many spams to Ameriquest, I thought I’d take time out of my busy schedule to send him a few comments and links.  Unfortunately, my mail was returned undeliverable.  It would be nice if people who write to me let me know that I don’t need to waste my time writing back.  So I’m posting my email here - at least it won’t be a total waste of time:

Subject: Re: Ameriquest’s spammers indicted by State of California and the FTC

Hi Mark,

Thanks much for sending me the releases.  So, the million dollar question:

Why isn’t AMERIQUEST named?  Or did I miss them?

See Robert Braver’s $10 million judgment and injunction against SPAMMER Soloway

and

Housing sales slowing down - house-poor Californians - mortgage fraud rampant

And my press releases:  My Ameriquest press releases

Why are they allowing LowerMyBills.com to violate just about every Cal. and federal mortgage advertising law?

The court allows LowerMyBills.com (now Experian owned) to pay spammers

Don’t know if you saw my complaints with the DRE at Fight Back, they had the nerve to find NOTHING wrong with the mortgage junk faxes.  They’re all as corrupt as it gets.

It’s not just Bush who greatly appreciates the Ameriquest loans, they are totally corrupt at all levels of government, ESPECIALLY in California.  I haven’t had time yet to respond to Lockyer’s request for info on junk faxes, and it won’t be what they’re expecting.  It’ll be more like

Open letter: Stop the Exploitation of the Uninsured through Useless Discount Plans

Is there any consequence for Ameriquest other than to have to buy their leads from different spammers?  THAT will really teach them!

Christine

------------------------------------------------

People work so hard to combat spam and they don’t realize what a waste of time it is.  Of course the AGs and the FTC know exactly that they’re accomplishing NOTHING. 

And that’s their goal:  to make it appear that they do all they can while in fact protecting the criminals like Ameriquest, Countrywide, Beneficial, New Century, Magnus Financial, Central Pacific, Dana Capital, American Home Loans, Bridge Capital, and a literally ENDLESS list of scummy lenders and brokers.

Thursday, September 08, 2005

Dutch TV network researching Ameriquest owner Roland Arnall and new ambassador to Netherlands

It’s an insult to the Netherlands to appoint a crook like Arnall to ambassador.  I guess they can’t “reject” him, but it’s good to see that they’re looking into this appointment and they found my postings about my lawsuit against Ameriquest.

My response:

“… My law suit against Ameriquest is still active, just entered the discovery stage.  I just recently commented on the Arnall appointment at my blog:

My 7/29/05 posting

This is an unbelievable disgrace, an insult to all Ameriquest victims.  But it’s not just President Bush showing his contempt for the disadvantaged, the entire American justice system is corrupt.  Lenders lying to borrowers is legal, corporate attorneys lying to courts is legal, anything goes as long as it benefits the corporations. 

Peoples’ lives have little value, and especially the poor are disposable - as you just saw in New Orleans.  Some drown in water and some drown in debt.

Please let me know if you’d like to speak to some attorneys who represent consumers against Ameriquest or if you’d like me to post your contact info. ...”

Friday, July 29, 2005

President Bush rewards Ameriquest fraud with appointment of owner Arnall as Netherlands ambassador

Just when I thought I’ve seen it all.  From the Washington Post 7/25/05:

“… And so President Bush has picked Los Angeles multibillionaire Roland Arnall , a longtime major Democratic contributor until just a year ago, to a most excellent posting as ambassador to the Netherlands.

How did this happen?

Well, Arnall and his wife, Dawn , were the single biggest source of financial support for Bush since 2002. Over the period, they gave and raised at least $12.25 million. Arnall and his company, Ameriquest Capital Corp., are reported to have given more than $1.2 million to California Gov. Arnold Schwarzenegger (R) and raised much more.

Arnall’s company is the largest mortgage lender to lower-income folks and those with iffy credit ratings. Concerns about shoddy lending practices, alleged fraud, falsification of documents and bait-and-switch sales tactics have been raised in a few—okay, 25—states, the company announced a few months ago. Ameriquest also said it had agreed to pay as much as $50 million to settle allegations it had defrauded borrowers in four states, the Los Angeles Times reported. ...”

Arnall should be going to jail and as a reward for defrauding the disadvantaged, President Bush appoints him to ambassador. [additional comments self censored to stay out of jail.]

BTW, I read that Ameriquest announced that it set $325 million aside to settle with the states.

This just proves what I’ve been saying:  the feds WANT banks to defraud the disadvantaged, they WANT companies like Ameriquest to go out and make loans at ANY cost, no matter what documents have to be fabricated and no matter how much they lie to the borrowers.

These loans keep the American economy going.

And it’s not just the Feds, California Governor Schwarzenegger is taking the exact same approach, appointing junk faxers to the Cal. Housing Agency and making sure the DRE and the Department of Corporations don’t enforce California advertising laws.  Every loan generates thousands of dollars spent in California.

Corruption rules just about everywhere.

The Washington Post article: