A federal judge granted Quicken Loans Inc.’s motion to dismiss on a portion of loans in the government’s case based on the statute of limitations.
The Department of Justice’s lawsuit is tied to loans originated by the Detroit-based lender that are insured by the Federal Housing Administration.
The complaint, filed in April 2015, alleges that Quicken Loans engaged in "reckless disregard" when underwriting of FHA-insured mortgages.
Source: Mortgage Daily
