CLEVELAND, Ohio — Quicken Loans has consented to pay $32.5 million to stay a years-old lawsuit in that your Justice Department accused the financial institution of home loan fraudulence.
The settlement, established Friday by a court-appointed mediator, includes no admissions of wrongdoing because of the Detroit-based business. It concludes litigation filed four years back, for which Quicken Loans had installed a defense that is aggressive.
The Justice Department filed a False Claims Act suit against Quicken Loans in 2015. The federal government stated the business authorized loans that will have now been rejected.
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