U.S. Department Of Justice Sues Detroit-Based Quicken Loans

April 23, 2015 9:35 PM

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DETROIT (WWJ) – The U.S. Department of Justice is suing Quicken Loans, alleging the company lied to the government when making loans backed by the Federal Housing Administration.

“The complaint alleges that Quicken approved loans that should not have been approved and submitted them for FHA insurance,” said HUD Inspector General David A. Montoya, in a statement. “The alleged cost to the FHA insurance fund was millions of dollars and hopefully this serves as reinforcement to ...

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