The Department of Justice is suing one of the nation's biggest lenders, alleging the company lied to the government
Last week’s MBA numbers show good news -- and some interesting facts
Quicken Loans seems to think so as it is suing the DOJ and HUD. The lender said it had no choice after the DOJ demanded it “make public admissions that were blatantly false, as well as pay an inexplicable penalty or face legal action.”
The association blamed unnecessary federal regulations for preventing first-time homebuyers from entering the market.
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The bank has reached an agreement with HUD to settle claims of mortgage lending violations during the crisis. The settlement marks another major legal resolution for the company as it unwinds from the mortgage business the company sold in 2008.