Is Quicken Loans The “New” Countrywide Home Loans?

DSNews reports that “The DoJ filed suit against Quicken, the second-largest retail mortgage lender in the country, back in April 2015, alleging FHA lending violations—specifically, that Quicken inflated appraisals, approved borrowers with poor credit and insufficient income, gave speed bonuses to underwriters, and failed to disclose loan problems that cost millions in government dollars.”

Most people have already forgotten the financial crisis created 10 years ago by firms like Countrywide Home Loans.


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