Ameriquest Mortgage Co.

Attorney Generals in several states were investigating the mortgage lenders practices involving forging documents and lying about borrowers' income to qualify them for loans they could not afford. Ameriquest's parent company ACC Capital Holdings Corp. has agreed to pay $295 million toward restitution to consumers and $30 million to cover legal fees and other costs. The settlement involves 30 states and ultimately is expected to include all 49 states where the company operates. (Jan-20-06) [BUSINESS WEEK]

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