Have any class action lawsuits been filed against Ameriquest about the lending practices the States investigated?
Yes, several purported class actions have been filed about some of the same lending practices investigated by the States. Some of the people who filed these lawsuits are asking the courts to certify or allow the suits to go forward on behalf of a class of borrowers that might include you. However, only one of these courts so far has decided to allow the case to go forward as a class action. That case is in Minnesota and is called Ricci & Baumgartner v. Ameriquest Mortgage Company. There, the court certified a class of Minnesota homeowners who obtained mortgages from Ameriquest from February 17, 1999 to the present. None of the courts in any of the other lawsuits have decided yet whether to allow them to go forward as class actions. There is no way to know for now whether any of the lawsuits will be certified as class actions, or whether you would be a member of any class certified. There is also no way to know, if a class is allowed and you are a class member, whether any money will be
