Quicken Loans to pay $32.5M to settle lawsuit over bad loans

Quicken Loans have been in business for over 25 years and currently has an A+ rating by the Better Business Bureau. Their name is a good representation for the turnaround time it takes for their loans to close. Most loans close between 2-4 weeks, which is considerably quicker than the majority of lenders.

DETROIT (AP) – Quicken Loans has agreed to pay .5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. The deal was disclosed Friday, and.

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 · Brown sued Quicken Loans and in 2011 a judge ruled in her favor, awarding her over $2 million in punitive damages and demanding the company pay.

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DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages.

DETROIT (CBS DETROIT/ AP) – A lawsuit accusing Quicken Loans of fraudulently sticking the government with bad mortgages settled Friday at $32.5 million.

 · So, if you’re buying a $300,000 house, you might pay between $9,000 and $18,000 in closing costs. On average, buyers pay an estimated $3,700 in closing costs. Most buyers pay closing costs as a one-time out-of-pocket expense when closing their loan. If you need help with closing costs, check with state or local housing agencies to find out what may be available.

DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. The deal was disclosed.

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DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. The deal was disclosed Friday, and.

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