U.S. sues Quicken for improper mortgage {lending|loaning|disposal|disposition}, The {justice department|Department of Justice|Justice Department|Justice|DoJ|executive department} sued Quicken Loans on {thursday|Thursday|Th|weekday}, {saying|expression|locution|speech|speech
communication|spoken communication|spoken language|language|voice communication|oral communication} the Detroit-based {lender|loaner|investor} {violated|profaned|desecrated} mortgage underwriting rules and {ignored|neglected|unheeded|unnoticed} "red flags" on {dicey|chancy|chanceful|dodgy|dangerous |unsafe} home loans, {costing|cost accounting} the {federal government|federal|central|centralized|national} {millions of|many|a lot of|lots of|numerous|countless|several|scores of|innumerable|uncountable|immeasurable|ample|countless|legion|several|variant|various|voluminous} {dollars|bucks|greenbacks} on FHA-insured mortgages.
In a 66-page {lawsuit|suit|case|cause|causa|proceeding|legal proceeding|proceedings} filed {thursday|Thursday|Th|weekday} in Washington, D.C., {the government|the calendar month} 2007 through {december|December|Dec|Gregorian calendar month} 2011, {the online|the web|the net} mortgage
{giant|big|large} {knowingly|wittingly} submitted claims for {hundreds of|many} improperly underwritten FHA-insured loans. These loans {involved|concerned} inflated appraisals, poor credit risks and borrowers with {insufficient|insufficient
|deficient|depleted|low|inadequate|poor|short|lean|lean|skimpy|light|scant|short|scarce|shy|too little|meager|meagre|meagerly} incomes. Quicken {also|additionally|conjointly} {failed|failing|unsuccessful} its obligation to disclose {problems|issues} with the loans to the {fha|Federal Housing Administration|FHA|agency|federal agency|government agency|bureau|office|authority}, {the government|the govt|the govt.} alleges.
communication|spoken communication|spoken language|language|voice communication|oral communication} the Detroit-based {lender|loaner|investor} {violated|profaned|desecrated} mortgage underwriting rules and {ignored|neglected|unheeded|unnoticed} "red flags" on {dicey|chancy|chanceful|dodgy|dangerous |unsafe} home loans, {costing|cost accounting} the {federal government|federal|central|centralized|national} {millions of|many|a lot of|lots of|numerous|countless|several|scores of|innumerable|uncountable|immeasurable|ample|countless|legion|several|variant|various|voluminous} {dollars|bucks|greenbacks} on FHA-insured mortgages.
In a 66-page {lawsuit|suit|case|cause|causa|proceeding|legal proceeding|proceedings} filed {thursday|Thursday|Th|weekday} in Washington, D.C., {the government|the calendar month} 2007 through {december|December|Dec|Gregorian calendar month} 2011, {the online|the web|the net} mortgage
{giant|big|large} {knowingly|wittingly} submitted claims for {hundreds of|many} improperly underwritten FHA-insured loans. These loans {involved|concerned} inflated appraisals, poor credit risks and borrowers with {insufficient|insufficient
|deficient|depleted|low|inadequate|poor|short|lean|lean|skimpy|light|scant|short|scarce|shy|too little|meager|meagre|meagerly} incomes. Quicken {also|additionally|conjointly} {failed|failing|unsuccessful} its obligation to disclose {problems|issues} with the loans to the {fha|Federal Housing Administration|FHA|agency|federal agency|government agency|bureau|office|authority}, {the government|the govt|the govt.} alleges.
Blogger Comment
Facebook Comment