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Ameriquest Faces Lawsuit by Borrowers

Ameriquest was a high-flying sub-prime lender during the housing boom, and was accused of predatory lending by state prosecutors. The company now faces a class-action lawsuit from borrowers.

Chris Arnold talks to people who lost their homes after getting Ameriquest loans and to former employees who describe the hyper-aggressive sales practices.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.