Crime

Gilbert's Quicken Loans Accuses Feds of Strongarm Methods

April 20, 2015, 3:51 PM

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Dan Gilbert's Quicken Loans is going after the Justice Department and another federal agency.

The mortgage firm claims a three-year investigation into some of its past lending practices is really an attempt to get a big settlement and admission of wrongdoing from the Detroit company, JC Reindl of the Free Press writes.

A lawsuit filed last week names the Justice Department and Department of Housing and Urban Development as defendants, the Freep says.

"Quicken Loans appears to be one of the targets (due to its large size) of a political agenda under which the DOJ is 'investigating' and pressuring large, high-profile lenders into paying nine- and 10-figure sums and publicly 'admitting' wrongdoing, including conceding that the lenders had made 'false claims,' " the suit says.

The Justice Department declined comment, according to the Freep.


Read more:  Detroit Free Press


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