The U.S. Department of Justice announced that a complaint has been filed against Quicken Loans Inc. for improperly underwriting mortgages. In the complaint, the lender is accused of systematically pressuring appraisers to inflate values. Keep reading to see what caused one Quicken executive to write, “I don’t think the media and any other mortgage company … would like the fact we have a team who is responsible to push back on appraisers questioning their appraised values.”
Via:: Quicken Loans faces heat for pressuring appraisers to inflate values
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