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.
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