Roland Arnall, the founder of Ameriquest Mortgage Co. and the recent U.S. ambassador to the Netherlands, died Monday at UCLA Medical Center.
Arnall, 68, was a stalwart in the subprime mortgage industry, despite the financial duress the mortgages were in.
A family statement Monday said Arnall died that morning at the UCLA Hospital Center but did not give the cause of death.
Arnall was appointed ambassador to the Netherlands in March 2006 after an approval process that was slowed by unsettled issues regarding Ameriquest, the Orange, California-based lending company he founded in 1979.
A major Republican financier, Arnall's fortune was estimated at $1.5 billion by Forbes magazine last year.
For more people news, please check out http://news.finditt.com/NewsList.aspx?cat=14&wcat=16
