http://www.mortgagedaily.com/Lawsuit...code=newsalert
Wachovia v. Ameriquest
Wachovia Bank N.A. has filed a lawsuit against Ameriquest Mortgage Co.
alleging the former subprime lender has not complied with repurchase requests
on loans with fraudulent files.
Wachovia sued the Orange, Calif.-based company for failure to repurchase 135
nonperforming mortgages that Ameriquest sold to Wachovia on Dec. 29, 2005.
The nonperforming loans included "incorrect credit scores, false employment
status and misstatements of the kind of home being financed," Wachovia alleges
in its complaint.
Wachovia v. Ameriquest
Wachovia Bank N.A. has filed a lawsuit against Ameriquest Mortgage Co.
alleging the former subprime lender has not complied with repurchase requests
on loans with fraudulent files.
Wachovia sued the Orange, Calif.-based company for failure to repurchase 135
nonperforming mortgages that Ameriquest sold to Wachovia on Dec. 29, 2005.
The nonperforming loans included "incorrect credit scores, false employment
status and misstatements of the kind of home being financed," Wachovia alleges
in its complaint.