Quicken Loans agrees to $32.5 million settlement in federal home loan fraudulence lawsuit

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Quicken Loans agrees to $32.5 million settlement in federal home loan fraudulence lawsuit CLEVELAND, Ohio — Quicken Loans has decided to spend $32.5 million to stay a lawsuit that is years-old that your Justice Department accused the financial institution of mortgage fraudulence. The settlement, established Friday by a court-appointed mediator, includes no admissions of wrongdoing by the company that is detroit-based. It comes to an end litigation filed four years back, for which Quicken Loans had installed a defense that is aggressive. (more…)
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