Quicken Loans agrees to $32.5 million settlement in federal home loan fraudulence lawsuit

CLEVELAND, Ohio — Quicken Loans has decided to spend $32.5 million to be in a lawsuit that is years-old that your Justice Department accused the bank of home loan fraudulence.

The settlement, established Friday by a court-appointed mediator, includes no admissions of wrongdoing by the company that is detroit-based. It stops litigation filed four years back, for which Quicken Loans had installed an aggressive protection.

The Justice Department filed a False Claims Act suit against Quicken Loans in 2015. The federal government said the business authorized loans which should have now been denied. Leer más