Home » What We’re Hearing: Quicken Settles FHA Case with Uncle Sam / Ditech’s Unsecured Creditors (Pain) / GSE Irony 101 / Interest Rates Falling: Watch Out Below / Called Home Early / MSR Carnage? / Getting Well / The Most Cyclical Business in the Universe
What We’re Hearing: Quicken Settles FHA Case with Uncle Sam / Ditech’s Unsecured Creditors (Pain) / GSE Irony 101 / Interest Rates Falling: Watch Out Below / Called Home Early / MSR Carnage? / Getting Well / The Most Cyclical Business in the Universe
Quicken Loans signed a $32.5 million agreement with the federal government to settle FHA underwriting allegations that accused the nation’s largest direct lender with fraud. As part of the deal, the privately held nonbank – the creation of Midwestern businessman Dan Gilbert – did not admit any wrongdoing and will continue to originate and service FHA loans…
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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