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

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 years-old lawsuit in that your Justice Department accused the financial institution of home loan fraudulence.

The settlement, established Friday with a court-appointed mediator, includes no admissions of wrongdoing by the company that is detroit-based. More →