More than four years after the nation’s largest mortgage lender was charged with employing improper origination and underwriting practices when issuing loans backed by the Federal Housing Administration (FHA). Quicken Loans Inc. has agreed to a $32.5 million settlement the Department of Justice (DOJ) and the Department of Housing and Urban Development (HUD).
With the matter settled, Quicken indicated it plans to expand its FHA lending operations while strengthening its relationships with regulators.
Learn more details about the settlement and the case.