A federal judge has struck down mortgage lender Quicken Loans’ lawsuit against the U.S. Department of Justice, but the company vows to continue fighting the claims that it mishandled government-backed mortgages.
- According to the DOJ, from 2007 to 2011 Quicken Loans knowingly submitted claims for hundreds of improperly underwritten FHA-insured loans.
- Quicken asserted that the DOJ used statistical sampling to draw its conclusions, and therefore violated the Administrative Procedures Act.
- On Dec. 31, the DOJ's motion to dismiss the Quicken lawsuit was granted by the U.S. District Court.
EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019