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Quicken Loans Court Case on Trial in Detroit
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Quicken Loans Court Case on Trial in Detroit

Quicken Loans Court Case on Trial in Detroit

Fintech Nexus Staff·
News RoundupNorth AmericaOnline LendingUSA
·Nov. 17, 2016·1 min read

The Department of Justice’s case against Quicken Loans will be heard in Detroit; in an ongoing case filed in April 2015, the Department of Justice says Quicken Loans used faulty underwriting processes to certify Federal Housing Administration (FHA) loans while disregarding FHA rules; Quicken is a direct endorsement lender for the FHA and the loans in the court case were originated from September 2007 through December 2011.  Source

 

  • Fintech Nexus Staff
    Fintech Nexus Staff

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