Businessman holding up hand

Businessman holding up hand

Lending giant CEO says company won’t settle with DOJ


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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 FHAinsured 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.

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