Ameriquest Mortgage founder Roland Arnall -- an entrepreneur who once symbolized subprime lending in America -- has died at UCLA Medical Center, according to a statement released by his family. He was 68. No cause of death was given. Mr. Arnall, who started out in the industry by forming Long Beach Savings three decades ago, recently resigned as ambassador to the Netherlands. Based in Orange, Calif., Ameriquest and its sister company, Argent, together dominated the subprime industry for much of the early decade until state investigators began to accuse it of predatory lending. This past fall Mr. Arnall sold Argent and what was left of Ameriquest's servicing platform to Citigroup for an undisclosed sum.
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