ARGENT MORTGAGE COMPANY I RECIEVE A ARM LOAN I AM ON DISABILTY I LOST MY HOUSE THEY LIE SAID I HAD MORE INCOME THAN I HAD RIPOFF IRVINE California

As an ex-employee of this company I know first hand their strict underwriting guidelines and if your income was incorrect you had to sign an application (1003) with that information on there, Oh I am sorry, was the info okay at the time when you wanted the mortgage? You probably did a stated loan and told your Mortgage Broker (who submitted loans to us) that your income was just that to qualify- if you didnt you agreed to it and your broker lied. Tell me something, if your on disability with limitedf income why would you refinance and take more money out if you knew you had to pay it back? Have a great day!

To the poster above me, I am also a former Argent Employee. And you know, as well as I do that what you are saying is not true. First and foremost Argent aka Ameriquest was known as the biggest mortgage fraud company there was. 2nd, they were also know for forging signitures. Wonder why they are out of business now.

To all that read this.  Subprime was good and then got abused. Your case is sad and many are going thru this. It sounds like you had many exceptions on the loan. How was your credit? Did you get cash out?  It seems like you did because you jumped up almost 20k.?  Did you tell them you have 3 days to cancel, even though you thought you were in dire you have pamphlets and disclosures you have to sign.  NOW Ameriquest was sad and a real rip off.  The original owner MR> ARNALL, well he got his very, he died at a young 54 yrs.  old. His also passed away from coplications of a disease don't know what it was.  Arnall started at Long beach mtg. was a smart man, as smart as MOzillo from C ountry wide.  He had innovation and good judgement until this crazy mortgage came thru.  Stated income was the ride and everyone got on and rode it.  Now Argent(aka Ameriquest)  lost 300 million in predatory lending, which means you should have got some of that money, but sounds like you didn't .  Then Arnall would be someone in Iceland and many ties to powerful people, and now that it's all over he is past away.  It sounds like a double edged  sword here. Cash out and gave your broker a lot of money.  You said you have the docs.  so if you want me to check them for you i would be happy to do that for you.  Your broker should have given you some protection, and explain the problems that you were having.  Remember Ameriquest is only doing what they are told.  I know this doesn't make it better, but I would really wish you the best.

Take care and God Bless.
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