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.

giphy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s