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How Much Does Ameriquest Pay its Employees?

Ameriquest is one of the key players in the subprime mortgage market. A good chunk of these loans have been termed "predatory mortgages" by various commentators. There is currently a multidistrict litigation consolidating numerous individual and class actions against Ameriquest.

I just found a comment on theripoffreport.com which, if true, really brings home the unfairness in subprime lenders. They load poor people up with unaffordable debt, and they assuage their consciouses with pay packages which are way in excess of what most people get for similar but ethical jobs.

According to someone posting as Maryjoshelton, Here are the annual salaries for various levels of Ameriquest employees:

$200,000 for account executives

$700,000 Branch Managers

$1,300,000 Area Managers

$2,000,000+ Regional Managers

Compare this to your typical UAW-LSP lawyer or legal services organization lawyer handling mortgage fraud cases on behalf of consumers who typically make less than $60,000, sometimes quite a bit less.