Dan Gilbert Pretends He Is The Little Engine That Could By Repeating “I think I can! I Think I can!” In FHA Lawsuit Dan Gilbert and Quicken Loans filed a preemptive lawsuit against FHA in April of last year. The strategy of this was to thwart the DOJ from filing a False Claims Act lawsuit against […]
Dan Gilbert’s Legal Trickery Blows Up In His Face. Federal Judge Smacks Down Quicken Loans Preemptive Lawsuit Against DOJ The preemptive lawsuit filed Quicken Loans against the Department of Justice and HUD blew up in Dan Gilbert’s face. U.S. District Judge Mark A. Goldsmith rejected Quicken’s arguments for the suit. Quicken Loans was attempting to […]
The DOJ’s False Claims Act Suit Could Force Quicken Loans To Give Up FHA The legal battle between Quicken Loans and the DOJ may drive Quicken out of FHA lending. The DOJ’s alleges that Quicken knowingly submitting hundreds of fraudulent loans insured by the Federal Housing Administration Quicken Loans owner Dan Gilbert had several of his infamous Veruca […]
Quicken Loans Faces Losing Billions Of Dollars If Found Liable Under False Claims Act Detroit-based Quicken Loans has been sued by the DOJ today under the False Claims Act. The DOJ alleges that Quicken bullied appraisers to receive higher values for applicants. They also allege underwriting managers encouraged underwriters to “fudge” the incomes of hundreds […]
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