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Are regulators abusing their power?

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Mortgage Professional America | 20 Apr 2015, 07:00 AM Agree 0
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.”
  • Been there seen it | | 20 Apr 2015, 11:19 AM Agree 0
    Quicken also feels they are providing the highest quality FHA mortgages over all other lenders. I guess they are also a legend in their own mind. I called them out of curiosity more than anything. They did an almost perfect bait and switch. Had I really needed a mortgage, I would have been pissed at the advertised rate versus the quoted rate Tsk Tsk Tsk. I think you probably deserve everything you are getting.
  • Betsy | | 20 Apr 2015, 11:54 PM Agree 0
    Good for you Quicken!
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