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Award (how much your claim may be worth):
Average payout appears to be ~$50. Check the comments below and leave one if you received your check.
Class Action Lawsuit Settlement Case(s): v. Ameriquest Mortgage Company et al. IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS MDL No. 1715, Lead Case No. 05-cv-07097
Company(ies): Ameriquest Mortgage Company
AMC Mortgage Services, Inc. (FKA Bedford Home Loans, Inc); Town & Country Credit Corporation; Olympus Mortgage Company (NKA Bedford Home Loans, Inc.); and Argent Mortgage Company, LLC
Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake (SUBMIT YOUR CLAIM HERE): Settlement Administrator Website
Address of Class Action Lawsuit Settlement Administrator to submit a claim form (NOT REQUIRED):
Ameriquest MDL Settlement Administrator
P.O. Box 2278
Faribault, MN 55021-2413
or FAX your claim form to 1-866-590-8535
Phone Number to call for assistance: 1-877-872-3812
Details: The Ameriquest mortgage class action lawsuit settlement includes all who originated their mortgage through Ameriquest or one of the other companies listed above. It’s important to note that even though your mortgage may not be currently services by Ameriquest, if it originated through them you may be eligible to submit a claim. In addition, the Ameriquest mortgage class action lawsuit settlement combines more than a dozen individual cases into one large settlement. If your mortgage loan with Ameriquest originated after December 14th, 2001 you’re likely included in the Ameriquest mortgage class action lawsuit settlement. The five classes included in this settlement are:
CLASS ONE: TILA RESCISSION CLASS
The TILA Rescission Class is a nationwide class of borrowers who at any time on or after February 8, 2003, (or, for residents of Massachusetts, at any time on or after February 8, 2002) have actually requested rescission in writing of their loans pursuant to applicable provisions of the Truth in Lending Act or state disclosure laws on or before December 1, 2009.
CLASS TWO: BAIT AND SWITCH CLASS
The Bait and Switch Class is a nationwide class of borrowers who meet one or more of the following criteria:
(i) loan records establish a final disclosed annual percentage rate that is at least 0.9% higher (as calculated pursuant to TILA) than the disclosed annual percentage rate (calculated pursuant to TILA) contained in preclosing written disclosures made to the borrower;
(ii) loan records establish that the borrower received a loan containing a prepayment penalty, but preclosing written disclosures made to the borrower described a loan without a prepayment penalty; or
(iii) loan records establish that the borrower received a loan containing a variable rate, but preclosing written disclosures made to the borrower described a loan containing a fixed rate.
CLASS THREE: DISCOUNT POINTS CLASS
The Discount Points Class is a nationwide class of borrowers who either entered into loans (i) made after December 14, 2001, and before February 3, 2003, on which they had to pay discount points in any amount; or (ii) made on or after February 3, 2003 on which they had to pay at least three discount points.
CLASS FOUR: WHOLESALE BORROWER CLASS
The Wholesale Borrower Class is a nationwide class of borrowers who paid an amount constituting more than 3% of their funded loan amount in settlement charges to Ameriquest or a mortgage broker.
CLASS FIVE: LOAN SERVICING CLASS
The Loan Servicing Class is a nationwide class of borrowers who paid Ameriquest default and delinquency fees or costs in an amount in excess of a total of $1,000. These fees and costs include fees listed in Ameriquest’s records as late fees, legal fees, phone pay non sufficient fund (NSF) fees, bad check non sufficient fund (NSF) fees, appraisal fees, inspection fees, and recoverable corporate advance fees.
Most people whose mortgage was originated by Ameriquest after December 14th, 2001 will fit into one of the classes above. If you received a notice from Ameriquest make sure to take the time and submit your claim in the Ameriquest mortgage class action lawsuit settlement. The class you fit in above will determine how much you will get paid in the Ameriquest mortgage class action lawsuit settlement. This could pay you thousands of dollars. DON’T MISS OUT ON IT! Submit your claim in the Ameriquest mortgage class action lawsuit settlement now.
Purchased From: After December 14th, 2001
Claims Accepted Until (YOU MUST SUBMIT YOUR CLAIM BY THIS DATE!): 3/09/10
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Class Action Lawsuit Settlement Amount(s): $22,000,000 = $200,000 in Foreclosure Prevention Counseling + $14,345,000 to Consumers (ESTIMATE) + $7,330,000 Attorney Fees and Expenses + $7,500 to each Lead Plaintiff
Settlement Administrator(s): Rust Consulting, Inc.
Plaintiff Counsel:
Defense Counsel:
Bernard E. LeSage
Sarah K. Andrus
Adam Bass
BUCHALTER NEMER
Thomas Wiegand
WINSTON & STRAWN, LLP
TCA Staff Tidbit: The Ameriquest mortgage class action lawsuit settlement is likely the first of many we’ll see from mortgage lenders over the next few months. The Ameriquest mortgage class action alleged a number of different fees and charges were added on to mortgages. This class action is covering almost every Ameriquest mortgage out there since the end of 2001 (more than 700,000) so you may have a shot at a claim if your mortgage was originated by Ameriquest.
In addition to the cash benefits being paid out to class members, a new law has been enacted which will change the way mortgages are sold, making them clearer and easier to understand. Right up front you’ll be able to see on your Good Faith Estimate how much you’ll be able to save if you add extra points on your mortgage, take points off, add additional closing charges or choose to remove them. The rules took effect on January 1st, 2010, so home buyers should see them now. Back to the Ameriquest mortgage class action lawsuit settlement. If your mortgage was originated by Ameriquest, make sure to head over to the settlement administrator website and submit your claim now!This could mean THOUSANDS of dollars for you, so make sure to submit your claim in the Ameriquest mortgage class action lawsuit settlement now.
This site provides information about the law and class action lawsuit settlements designed to help users safely cope with their own legal needs. Legal information is NOT the same as legal advice – the application of law to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. You should consider all postings or writings at TopClassActions.com by staff or others as personal opinion only and NOT the advice of a lawyer. Top Class Actions Legal Statement
119 thoughts onAmeriquest Mortgage Class Action Lawsuit Settlement
Ameriquest Mortgage Class Action Lawsuit Settlement
I got AHMSI too after citicorp sold it. AHMSI is no better. My value is down 60k according to zillow and AHMSI is so diffcult to work with, Im gonna stop paying and force them to let me short sale
Ameriquest Mortgage Class Action Lawsuit Settlement
waiting for my quote
Ameriquest Mortgage Class Action Lawsuit Settlement
please send information for my house , the company having fraude in 2004
Ameriquest Mortgage Class Action Lawsuit Settlement
i need information
Ameriquest Mortgage Class Action Lawsuit Settlement
Per Site updated 7-1 : Update – Thursday, July 01, 2010
On June 29, 2010, the Court entered an order approving the settlement of the borrower class actions pending in the MDL. The earliest that the settlement can become final is August 6, 2010. In light of these developments, we expect that distributions to class members will be made no later than October, 2010. As events may occur that could change this estimate, please continue to review the website periodically for further updates.
Ameriquest Mortgage Class Action Lawsuit Settlement
Well I was one of the”lucky” ones that got AHMSI after ameriquest ripped me off. No amount can make up for having to deal with those clowns. I could go on for hours. Just hope I get something out of this.
Ameriquest Mortgage Class Action Lawsuit Settlement
There is an update on the page about dist. being made before Oct 2010
Ameriquest Mortgage Class Action Lawsuit Settlement
as of today, its still a waiting game…you can go to ameriquestmdlsettlement.com for info, but the same message is there about pending appeals, etc….if you call the info number, you basically get the same thing, the earliest payment will be made is summer of 2010, which means good luck getting anything before the end of the year, if ever…what a joke…Ameriquest can rip people off and take their money instantly but we have to wait forever for a small fraction of what they took.
Ameriquest Mortgage Class Action Lawsuit Settlement
I still haven’t heard from you since sighning up for this. Are youn taking our settlement or are we going to see it. I have not recieved any information From you since I registered in febuary . Like we don’t exsist after you get our signtures. eather contact and let us know or be ready to be sued
Ameriquest Mortgage Class Action Lawsuit Settlement
[quote][/quote]i am waiting on my setllement from ameriquest mortgage;
bruce l white
6315 dellfern dr.
houston texas 77035