homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

April 27, 2015

Justice Department sues Quicken over mortgages

NEW YORK (AP) — The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted.

The U.S. Department of Justice said last week that between September 2007 and December 2011, Quicken approved, underwrote, and certified the insurance on hundreds of mortgages that didn't meet federal guidelines.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.