Is Quicken quitting FHA loans?

  • Quicken appears to be signaling an exit from the U.S. Federal Housing Administration (FHA) mortgage loan program.
  • The company filed a lawsuit April 17 against the federal government for allegedly trying to strong-arm it into a hefty settlement over its handling of FHA-backed mortgages.

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With the court battle between Quicken Loans and the U.S. Department of Justice (DOJ) over the company’s handling of government-backed mortgages looming on the docket, Quicken appears to be signaling an exit from the U.S. Federal Housing Administration (FHA) mortgage loan program.