Lending giant CEO says company won’t settle with DOJ
This is a mpamag.com article.
he head of Quicken Loans says the lending giant has no intention of settling with the government over allegations of filing false claims on federally insured mortgages.
Last year, the Justice Department accused the lender of submitting claims for hundreds of improperly underwritten FHA–insured loans. Quicken Loans isn’t the first lender the DOJ has gone after for this issue, and the agency has so far recovered more than $100 million in settlements. But Quicken Loans CEO Bill Emerson told CNBC his company won’t be settling.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”