Quicken Loans’ lawsuit against DOJ, HUD tossed out by federal judge

A federal judge tossed out Quicken Loans’ lawsuit against the U.S. Department of Justice and the Department of Housing and Urban Development that alleged the lender was being forced to make public admissions that were blatantly false, as well as pay a penalty or face legal action.

According to an article from Reuters, Judge Mark Goldsmith granted the DOJ’s motion to dismiss Quicken’s initial complaint.

Quicken Loans, which is the nation’s largest Federal Housing Administration-backed mortgage lender, said it now intends to explore its options in its claims against the government while fighting to defeat the government’s retaliatory lawsuit alleging that Quicken Loans violated the ‘False Claims Act.’

“This temporary procedural setback does not deter Quicken Loans from exposing the truth about the DOJ’s egregious attempts to coerce unjust ‘settlements’ from its victims including Quicken Loans by using the guise of the heavy hand and power of the federal government in doing so,” said Bill Emerson, Quicken Loans CEO.Read on.

 

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