Aames Home Loans Review

Aames Funding Corporation is based in Los Angeles, CA, and is also known as Aames Home Loan Corporation. They are a retail loan and broker company that provides sub-prime home mortgage equity loans. The company originates loans through its retail and broker office networks and through the Internet and telemarketing. Aames Funding is based in Los Angeles, California. The company is a subsidiary of Aames Financial Corp. and has no BBB profile or rating in spite of its alleged 68-year tenure as a business. They are listed in the Ripoff Report as a company that is designed to scam desperate homeowners that have gotten in over their heads by dangling unrealistic refinance possibilities and string the borrower along in order to extract fees for their “services.”

Aames Funding Corporation Can’t Manage to Produce One Good Review

We can find no one with a good word to say about this company and they seem to like flying below the radar of most reviewing and analysis. Unfortunately for them, in 2007 they were ordered to stop doing business by the Commissioner of Corporations of the State of California as the result of court action. The charges brought against Aames Home Loans were that they had failed to back up their financial behavior according to the law, creating a danger to their clients. It was found that they should be denied the right to do business any longer in California.

Buyer Beware – This Company Has No Credentials

This company is listed on the website of the Department of Housing and Urban Development’s Early Warning System page that is to alert states that companies have been suspended or banned from practicing their trade. Any state where the company has pursued a license is given a heads-up on the names of the companies and the reason for their denial.