Ameriquest mortgage History

Ameriquest was one of the United States's leading wholesale real estate lenders. Ameriquest was founded in 1979, in Orange County, California, as a bank, Long Beach Savings & Loan. Originally founded as a subsidiary corporation under the name Ameriquest Mortgage, it was now renamed Long Beach Mortgage, while the retail part of the business was renamed Ameriquest Capital and remained private.

On August 31, 2007, Citigroup completed its acquisition of its wholesale origination lending unit Argent Mortgage, its servicing unit AMC Mortgage Services and shut down its retail lending unit Ameriquest Mortgage.

Ameriquest mortgage Company was widely known in the United States. Ameriquest Mortgage Co. faces allegations that it misled and overcharged borrowers falsified loan applications and saddled low-income and minority homeowners with loans they couldn't afford, public records show.

Ameriquest Mortgage Co. faces allegations that it misled and overcharged borrowers falsified loan applications and saddled low-income and minority homeowners with loans they couldn't afford, public records show.