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  1. #1
    Join Date
    August 27th, 2006
    Ameriquest Mortgage
    Just read online that Ameriquest Mortgage is closing doors. They're no longer in business on cj or anywhere else. There are no longer making home loans. Citigroup is buying the company.

  2. #2
    Super Dawg Member Phil Kaufman aka AffiliateHound's Avatar
    Join Date
    January 22nd, 2007
    West Covina, CA
    All that's left of Ameriquest that Citigroup is getting is its loan servicing division.

    Ameriquest was not a public corporation but was a private company owned by Roland Arnall (I've previously posted about him), who the LA Times describes as: "the most generous political donor to George W. Bush."

    Arnall "retired" from the loan business after w. appointed him Ambassador to the Netherlands.

    Citi is experienced in affiliate marketing and has had their own home loan division (my home equity dot com) with an affiliate program for years. However, given the current status of Ameriquest's affiliate program, there still is little if any chance that they would honor outstanding commissions.

  3. #3
    ABW Ambassador La_Valette's Avatar
    Join Date
    September 25th, 2005
    The Pale Blue Dot
    Ill wind that blows nobody any good... according to CNN Ameriquest did succeed in making Arnall a billionaire.... at least he made out good, and enjoying the good life in Europe now to boot...
    Kids, you tried your best and you failed miserably. The lesson is, never try. -- Homer Simpson

  4. #4
    Verbosely Virtuous Mutt spacedog's Avatar
    Join Date
    June 8th, 2006
    So long, hundreds of dollars in commissions. I usually spend time vetting a prospective merchant to partner with much better than I did with them. I made a big mistake in not learning more about their predatory practices, the idiot Arnall's association with Bush, and the pending settlements, before promoting Ameriquest. Bad, bad dog.

    I assume the way corporate law works, Citi has no obligation to pay their acquisition's debts. Especially affiliate commissions which are probably hidden at the very bottom of the ladder of owed money. I so love this %^#&@ country and capitalism. Why the hell can't we go after Arnall's billions in dirty money?

  5. #5

    Join Date
    June 7th, 2006
    Lesson learned (not the first one) and we all move on.

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