Ameriquest CEO Resigns

Wayne Lee has resigned as chief executive of Ameriquest Mortgage Co. and president of its affiliate Argent Mortgage Co., the Orange, Calif.-based Ameriquest has announced.In a statement issued by the company, Mr. Lee said he is leaving after 15 years "to take on new challenges and explore new opportunities." Ameriquest Capital Corp., the parent company of ACC Capital Holdings, said its president, Aseem Mital, will become chief executive of ACC Capital. In that role, Mr. Mital will be responsible for the activities of Ameriquest Mortgage and Argent Mortgage. Mr. Mital has been president of ACC since 2004 and has a background in financial services, capital markets, and technology, with over 19 years of combined industry experience. Ameriquest previously disclosed that it is negotiating with regulators in 25 states over its retail lending practices.