Washington State Department of Financial Institutions

Ameriquest Settlement

Attorney General Rob McKenna and the state Department of Financial Institutions (DFI) on January 23, 2006 announced a $325 million nationwide settlement with Ameriquest Mortgage Company. The agreement resolves allegations of widespread fraud by the company as part of a high-pressure scheme to sell mortgages that trapped consumers into debt and put them at risk of losing their homes.

Ameriquest Settlement Information

Ameriquest Settlement Documents

Ameriquest Settlement Website and Phone Number

A new website and national toll-free phone number are now available for consumers seeking information about the multi-state settlement with Ameriquest Mortgage Company. DFI encourages consumers to call 1-800-420-5875 or visit the settlement website:

Media Releases

Consumer Education

Predatory Lending Information
Lending and mortgage origination practices become "predatory" when the borrower is led into a transaction that is not what they expected. Predatory lending practices may involve lenders, mortgage brokers, real estate brokers, attorneys, and home improvement contractors. Their schemes often target people who have small incomes but substantial equities in their homes. Learn more.

DFI's Guide to Home Loans
Whether you're buying your first home, considering a second mortgage, or refinancing, the loan process can be confusing and complicated - even overwhelming. As you embark on one of the biggest financial decisions you'll make in your lifetime, it's important that you understand what to expect before you sign your name to the dotted line. Learn more.